Payments for all lease terms are initiated when the lease starts. Funds are typically transferred to the lessor within 24 business hours after payment processing begins. For example, if a lease starts on Sunday, payment processing will begin on Sunday, and the funds are generally expected to arrive by the next business day.
Renter's fee is 3%, which includes payment processing fees and bank transfer costs.
Note: The SAREI service has a cut-off period from 2:00 PM to 8:00 AM KSA time and is unavailable during weekends and public holidays, which may affect transfer times.