Saudi Arabia

Payment Address

accountReference

IBAN (24) RegEx format: ^SA\d{2}\d{4}\d{4}[A-Z0-9]{12}$

routingCode

SWIFT BIC (8) or (11): xxxxSAxx or xxxxSAxxxxx RegEx format: ^[A-Z]{4}SA[A-Z0-9]{2}([A-Z0-9]{3})?$

bankCountry

SA

accountName

Only required if the name on the account differs to the Recipient name

Recipient

physicalAddress

Country, City, streetName and Postal Code are required

taxIdentifier

Recommended for payouts in SAR if recipientType = “corporate” then provide tax ID in 15 digit format if recipientType = “Individual” then Provide National ID in 12 digit format

corporateName

Required if recipientType = “corporate”

firstName & lastName

First Name and Last Name if recipientType = “Individual”

Payout

paymentReason

Select Payment Reason Code from list below

buying_a_vehicle

Payment related to the purchase of a vehicle, such as a car or motorcycle.

buying_or_selling_a_business

Transactions involved in the acquisition or sale of a business entity.

buying_or_selling_shares

Payments related to the buying or selling of stocks or shares in financial markets.

donating_to_charity

Contributions made to a charitable organization for philanthropic purposes.

emigration

Payments associated with the process of permanently moving to another country.

family_support

Financial assistance provided to family members for their well-being or specific needs.

gift

Monetary transfers given as a present or token of goodwill.

inheritance

Funds received as part of an inheritance from a deceased person's estate.

living_expenses

Payments for day-to-day living costs, such as rent, utilities, and groceries.

medical_costs

Transactions covering medical expenses, including healthcare services and medications.

online_store_purchase

Payments made for goods or services purchased through online stores or e-commerce platforms.

paying_bills_or_mortgage

Settlements for regular bills or mortgage payments.

paying_business_invoice

Clearing invoices or bills related to business transactions.

paying_for_holiday_or_accomodation

Expenses for vacations, travel, or accommodation.

payroll

Salary disbursements for employees of a company or organization.

pension_or_superannuation_transfer

Transfers of funds related to pension or superannuation accounts.

professional_services

Payments for services provided by professionals, such as consultants or freelancers.

property_purchase_or_sale

Transactions involving the acquisition or sale of real estate.

repatriating_overseas_earnings

Repatriating Overseas Earnings

salary_transfer

Transfers of salary or wages between accounts.

tax

Financial transactions associated with taxes

tuition_or_school_fees

Payments for educational expenses, including tuition and school fees.

wedding

Financial transactions associated with wedding expenses and preparations.

other

Miscellaneous category for payments not covered by the specified reasons.