All Countries
Banking
Direct Deposit Letter

Direct Deposit Letter Template for Saudi Arabia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Direct Deposit Letter

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Direct Deposit Letter

"I need a Direct Deposit Letter for a new international employee starting March 2025, with the ability to split salary payments between two Saudi bank accounts: 70% to their main account and 30% to a savings account."

Celebrated by
Collaborations with
Investors
Document background
The Direct Deposit Letter serves as a crucial document in Saudi Arabia's modern banking and employment ecosystem, particularly under the Wage Protection System (WPS) which mandates electronic salary transfers. This document is utilized when an employee needs to establish or modify automatic deposit arrangements with their employer and bank. The letter provides formal authorization and detailed instructions for the electronic transfer of funds, typically salary payments, into a specified bank account. It includes essential information such as account holder details, bank account information, and specific deposit instructions, all structured to comply with Saudi Arabian banking regulations and SAMA requirements. The document is particularly important for new employees, salary account modifications, or when changing banking arrangements within the Saudi Arabian jurisdiction.
Suggested Sections

1. Letter Header: Company letterhead, date, and recipient bank details

2. Account Holder Information: Full legal name, national ID/Iqama number, and contact details of the employee

3. Bank Account Details: Complete bank account information including IBAN, bank name, and branch

4. Payment Instructions: Specific instructions about the deposits, including type of payments to be deposited

5. Authorization Statement: Clear authorization for the bank to process direct deposits into the specified account

6. Effective Date: When the direct deposit arrangement should begin

7. Signature Block: Space for account holder's signature and date

Optional Sections

1. Multiple Account Instructions: Used when splitting deposits between multiple accounts, specifying percentages or amounts for each

2. Cancellation Terms: Optional section describing the process for canceling the direct deposit arrangement

3. Emergency Contact: Optional section for providing alternative contact information in case of payment issues

4. Previous Account Information: Include when switching from an existing direct deposit arrangement to provide details of the account to be replaced

Suggested Schedules

1. Verification Documents: Copies of required identification documents (ID/Iqama, bank account documentation)

2. Salary Certificate: If required by the bank, official documentation of employment and salary details

3. Bank Forms: Any specific forms required by the receiving bank for direct deposit setup

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Banking and Financial Services

Healthcare

Education

Manufacturing

Retail

Construction

Technology

Oil and Gas

Professional Services

Hospitality

Government and Public Sector

Telecommunications

Relevant Teams

Human Resources

Finance

Payroll

Compliance

Legal

Operations

Treasury

Accounts Payable

Employee Services

Relevant Roles

Human Resources Manager

Payroll Specialist

Finance Manager

Compliance Officer

Banking Relationship Manager

Treasury Manager

Accounts Payable Manager

HR Administrator

Financial Controller

Employee Benefits Coordinator

Compensation and Benefits Manager

HR Operations Manager

Industries
Banking Control Law (Royal Decree No. M/5): The primary banking regulation in Saudi Arabia that governs all banking operations, including electronic transfers and direct deposits
Saudi Labor Law (Royal Decree No. M/51): Regulates employment relationships and includes provisions for wage payment methods, including mandatory wage protection system requirements
Wage Protection System (WPS): Mandatory electronic salary transfer system that requires employers to pay wages through approved Saudi banks
SAMA Rules on Electronic Banking Operations: Guidelines issued by Saudi Central Bank (SAMA) governing electronic banking operations, including direct deposits and electronic fund transfers
Anti-Money Laundering Law (Royal Decree No. M/20): Regulations concerning financial transactions and necessary documentation for banking operations to prevent money laundering
Electronic Transactions Law (Royal Decree No. M/18): Governs electronic transactions and digital documentation, relevant for electronic payment instructions and records
SAMA Data Protection Guidelines: Requirements for protecting personal and financial data in banking transactions and maintaining confidentiality of account information
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

ACH Deposit Authorization Form

A SAMA-compliant authorization form for ACH deposits in Saudi Arabia, enabling secure electronic fund transfers through the SARIE system.

find out more

Authorization To Deposit Check

A Saudi Arabia-compliant authorization document allowing a bank to deposit specified check(s) into a designated account, meeting SAMA banking requirements.

find out more

Bank Money Deposit Form

A SAMA-compliant banking form used in Saudi Arabia to establish and document bank deposit relationships, incorporating both conventional and Islamic banking requirements.

find out more

Term Deposit Account Opening Form

A Saudi Arabian banking form for opening term deposit accounts, compliant with SAMA regulations and Shariah principles.

find out more

Foreign Direct Deposit Enrolment Form

A SAMA-compliant form for setting up international direct deposit arrangements in Saudi Arabia, including necessary banking and compliance declarations.

find out more

Term Deposit Form

A Saudi Arabian banking document for establishing Shariah-compliant term deposits, outlining terms, conditions, and profit-sharing mechanisms in accordance with SAMA regulations.

find out more

Request For Return Of Security Deposit Form

A formal document used in Saudi Arabia to request the return of a security deposit from a landlord or property manager following lease termination.

find out more

Paycheck Direct Deposit Form

Saudi Arabian-compliant authorization form for setting up direct salary deposits into employee bank accounts, aligned with WPS requirements.

find out more

Money Deposit Form

A Saudi Arabian banking form for processing monetary deposits in compliance with SAMA regulations and Islamic banking principles, serving as both a transaction record and contractual agreement.

find out more

Direct Deposit Form

A Saudi Arabian compliant form authorizing automatic electronic fund transfers between bank accounts, typically used for salary payments and recurring transfers.

find out more

Security Deposit Return Form

A legal document used in Saudi Arabia to record and formalize the return of a security deposit from landlord to tenant, including deposit details, deductions, and final settlement terms.

find out more

Security Deposit Refund Form

A standardized form for processing security deposit refunds in Saudi Arabia, ensuring compliance with local property and financial regulations.

find out more

Security Deposit Agreement Form

A Sharia-compliant agreement under Saudi Arabian law governing the terms, maintenance, and return of security deposits between parties.

find out more

General Direct Deposit Form

A Saudi Arabia-compliant form authorizing employers to deposit salaries and other compensation directly into employees' bank accounts, subject to SAMA regulations.

find out more

Deposit Refund Form

A Saudi Arabian compliant form for processing deposit refunds, meeting SAMA guidelines and Sharia law requirements.

find out more

Cash Deposit Receipt

A Saudi Arabian banking document that serves as legal proof of cash deposit, complying with SAMA regulations and Islamic banking principles.

find out more

Check Deposit Receipt

A Saudi Arabian banking document that serves as official proof of check deposit, complying with local banking regulations and Sharia principles.

find out more

Bank Direct Deposit Form

A Saudi Arabian banking form for setting up automatic deposit arrangements, compliant with SAMA regulations and Islamic banking principles.

find out more

Payroll Direct Deposit Form

A Saudi Arabia-compliant form authorizing employers to deposit employee salaries directly into specified bank accounts, adhering to local labor and banking regulations.

find out more

Car Deposit Receipt

A Saudi Arabian legal document acknowledging receipt of a deposit payment for a vehicle purchase, outlining key transaction details and terms.

find out more

Direct Payment Form

A Saudi Arabian-compliant banking form for authorizing direct fund transfers, adhering to SAMA regulations and Sharia principles.

find out more

Direct Deposit Enrollment Form

A Saudi Arabia-compliant form authorizing employers to deposit wages directly into employee bank accounts under the Wage Protection System.

find out more

Check Deposit Form

A standardized banking form used in Saudi Arabia for depositing checks into bank accounts, complying with Saudi Banking Control Law and SAMA regulations.

find out more

Month To Month Rent Agreement

A Saudi Arabia-compliant month-to-month rental agreement template incorporating local property laws and Shariah principles for flexible tenancy arrangements.

find out more

Damage Deposit Receipt

A legal document used in Saudi Arabia to acknowledge receipt of a property damage deposit and specify conditions for its return, compliant with local property laws.

find out more

Security Deposit Return Letter

A formal letter used in Saudi Arabia documenting the return of a security deposit from landlord to tenant, including amount details and payment arrangements in compliance with local laws.

find out more

Security Deposit Form

A Saudi Arabian legal document establishing terms and conditions for security deposits in property rental agreements, ensuring compliance with local laws and Sharia principles.

find out more

Employee Direct Deposit Form

A Saudi Arabia-compliant authorization form for setting up employee salary direct deposits through the Wage Protection System.

find out more

Rental Deposit Agreement

A Saudi Arabian law-compliant agreement governing rental security deposit terms between landlord and tenant, including deposit handling, deductions, and return conditions.

find out more

Direct Deposit Letter

A Saudi Arabian compliant authorization document for setting up automatic electronic deposits into a designated bank account, adhering to local banking regulations and WPS requirements.

find out more

Direct Deposit Authorization Form

A Saudi Arabian compliant form authorizing employers to deposit employee compensation directly into designated bank accounts, meeting SAMA and Labor Law requirements.

find out more

Direct Debit Authorization Form

A Saudi Arabian banking form authorizing automatic recurring payments from a customer's account to a specified biller, regulated by SAMA.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.