Who are Standing Orders for? How you will benefit? How do Standing Orders work for you? The Riyad Bank Advantage How much will Standing Orders cost? Where can I apply for Standing Orders? Terms and Conditions






A Standing Order is an electronic solution for our Current Account holders who wish to transfer a fixed or variable amount of money on an ongoing basis to another account in Riyad Bank.

		Save your time knowing that the payment will be done automatically and on time.
		Save your customer's time as payment will arrive faster than cashing a cheque.
		Save your effort in trying to make several transfers at the same time.
		Manage your expenses - you are in control.
		Eliminate the need to pay cash or write cheques for certain payments.
		Transfer a monthly fixed amount to your savings account and start saving regularly for your future.
		Repay your loans in a very convenient and easy manner.

A Standing Order is an instruction you give to Riyad Bank to transfer funds between accounts - Current or Savings - to a specified customer at any account within Riyad Bank.

The bank will, on the day specified in the order, debit your account and transfer the money to the account of the recipient.

This will continue on as long as your order is valid. If you wish to change the amount or date, you will need to give the bank a new scheduled transfer instruction, not forgetting to cancel the earlier instruction at the same time.

		Payment arrangement can be fixed or variable.
		Payment value date can be set at any calendar interval (daily, monthly, semi-annually, annually).
		Payment can be based on the Gregorian Calendar only.

Riyad Bank solutions can be used with confidence because its products and services are all designed with security and confidentiality as a top priority:

		Riyad Bank uses multiple firewall devices to protect your database and our Web servers by blocking unauthorized access to your data.
		When transmitting sensitive information, Riyad Bank utilizes strong encryption, which makes your data unreadable to unauthorized users.

Our highly trained staff are available at any time to provide you advice on any aspect of issuing your scheduled transfer instruction.

		One of the Riyad Bank's main objectives is to address the needs of its customers.
		Our sophisticated infrastructure makes it easier for you to reach any information you need in Riyad Bank generally, and about your accounts specifically.

A set-up fee of SR 27 will be charged

A monthly transaction fee will also be applied as follows:

Number of transfers per month	Cost of each single transfer
1 - 5	SR 4.90
6 - 10	SR 3.90
11 - 15	SR 2.90
16 and more	SR 1.90

To arrange a standing order simply fill out a standing order form and give it to your nearest Riyad Bank branch. You can cancel a standing order by also writing to your branch.

For more information, please call toll free 800-124-2020. Our overseas and mobile users will not be able to access the toll free number the alternative number is +9661 414 3800.

		A valid current or savings account with Riyad Bank must be in Saudi Riyal currency.
		The "transfer-from" account should be in Saudi Riyal. Otherwise, a currency conversion fee will be charged to the account.