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Riyadh: Customers of various banks in Saudi Arabia will be able to transfer money quickly to each other from Sunday.
As a first step, the transfer between different banks will be completely free for the first 100 days
Thereafter, the transfer charge will be 50 halal for transfers up to 500 riyals and 1 riyal for amounts above 500 riyals.
At the same time, the existing tariff will be applicable to money transfers beyond a certain limit.
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