Pay a Saudi bank account (local transfer)

Pay a Saudi bank account (local transfer)

A local transfer sends money to any bank account in Saudi Arabia using the partner's IBAN. Use it to pay suppliers, contractors, and anyone who banks domestically.

πŸ’‘ Who can do this: Anyone with the Make payments permission. Payments may need approval depending on your company's settings.

What you'll need

  • The partner's full name as it appears on their bank account.
  • Their Saudi IBAN β€” 24 characters, starting with SA.

πŸ’‘ Tip: Always copy the IBAN directly from an invoice or the partner's bank details. A single wrong digit can delay or misroute a payment.

Add a local payment method

  1. Open the partner from Payments β†’ Partners.
  2. Click Add payment method and choose Local (Saudi Arabia).
  3. Enter the partner's:
    • Account holder name
    • IBAN (SA followed by 22 digits)
  4. SiFi automatically detects the bank from the IBAN.
  5. Click Save.

Verify the account

For your protection, SiFi confirms the account belongs to the right partner before the first payment. You'll see the verified account holder name returned by the bank β€” check that it matches who you expect to pay.

If the name doesn't match, stop and double-check the IBAN with your partner before sending. For more details, see Verifying a payment method.

Send a local transfer

  1. Open the partner and click Pay.
  2. Select the Local payment method.
  3. Enter the amount in SAR.
  4. Add a note (optional) β€” for example, an invoice or PO number.
  5. Review the details, including the fee and expected arrival time shown on screen.
  6. Click Send.

You'll see the expected arrival time before you confirm, and the payment appears in your history right away.

Processing time

AmountSpeed
Up to SAR 20,000Instant β€” the beneficiary receives the funds immediately
Above SAR 20,000Next working day (T+1) β€” processed via SARIE, Saudi Arabia's large-value payment system

Transfers made outside of business hours or on weekends and public holidays may be processed on the next business day, regardless of amount.

Good to know

  • Costs are always shown up front. You'll see any fee before you confirm β€” no surprises.
  • Reusable. Once saved and verified, you can pay this partner again in seconds.
  • Available on mobile. Local transfers can be sent from both the web and the mobile app.

See also: Internal transfer | SWIFT transfer | Payment statuses explained

Need more help? Contact support@sifi.sa.

    • Related Articles

    • Pay an international account (SWIFT transfer)

      A SWIFT transfer sends money to a bank account outside Saudi Arabia. Use it to pay overseas suppliers, international contractors, and global service providers. πŸ’‘ Who can do this: Anyone with the Make payments permission. International payments may ...

    • Pay another SiFi account (internal transfer)

      An internal transfer moves money from your SiFi account to another SiFi account. If your partner is also on SiFi, this is the fastest and cheapest way to pay them. ⚑ Free and instant. Internal transfers between SiFi accounts cost nothing and arrive ...

    • Payment methods

      A payment method is how money reaches a partner. SiFi gives you three rails, plus tools to verify accounts and manage saved beneficiaries. Method Use it when… Cost Arrives Internal Your partner also uses SiFi Free Instantly Local Your partner banks ...

    • Managing beneficiaries & IBANs

      A beneficiary is the bank account behind a partner's payment method β€” the IBAN or account you actually pay. This article covers keeping those details accurate. View a partner's accounts Open a partner to see all their saved payment methods, each with ...

    • Pay from an invoice

      Already have a bill to pay? Upload the invoice and SiFi reads it for you β€” pulling out the partner, amount, and payment details automatically β€” then drafts a payment for you to review. No re-typing. πŸ’‘ Who can do this: Anyone with the Make payments ...