Saudi Arabia’s Central Bank, known as SAMA, has launched a new fees guide to make banking fairer and cheaper. The guide applies to all banks and payment firms supervised by SAMA and will come into effect within 60 days. It caps customer fees on many services and pushes for more digital banking solutions. One major change is in financing fees. The new cap for consumer and vehicle finance is 0.5% or SR2,500, down from 1% or SR5,000. Fees for Mada card services are also cut: card re-issuance drops from SR30 to SR10, international transaction fees capped at 2%, and cash withdrawal fees limited to 3% or SR25 max. Fees for invalid objections to statements are set at SR15. Cheaper banking processes include checks issued for SR5 (down from SR10), copies of old checks for SR10, and setting up standing payment orders now costs SR5 (down from SR15) with no charge on cancellation. Electronic transfers have fixed fees too. Transfers up to SR2,500 cost SR0.5, while transfers between SR2,500 and SR20,000 cost SR1. Account documents are now mostly free, including first issuance of debt confirmations and account statements within one year. SAMA states the guide strengthens transparency, supports financial inclusion, and pushes digital adoption. Banks have 60 days to adjust their systems. This fee cut reflects Saudi Arabia’s efforts to make banking simpler, transparent, and affordable for all customers.