JEDDAH, 19 August 2007 — The National Commercial Bank (NCB), the first national bank established in Saudi Arabia 50 years ago, has introduced an innovative Islamic ‘Payroll Solutions’ program for any employees classified as being at professional and executive level who transfer their salary to NCB.
“Whether you are currently employed, or if you are starting out on your first career, it is wise to consider transferring your salary from your current bank, or ask your employer to directly deposit your salary to NCB,” said Ayman Al-Tayyar. “The AlAhli Payroll Solutions is designed to give you more value for your money, more benefits and more convenience by offering you a wide range of financial and non-financial benefits. And with the AlAhli Payroll Solutions, managing your monthly salary is made easier due to the many highly attractive features that we have incorporated in the program.”
NCB always strives to offer its payroll customers the best customized financial solutions that meet their every day financial needs and, as the leading bank offering Islamic banking services, continues to add new products to its integrated set of Shariah compliant banking and financial services.
The AlAhli Professionals Payroll Solution is for employees earning between SR2,000 and SR10,000 per month. A free international ATM card is provided and no minimum account balance is required. The cash withdrawal limit is SR5,000 per day. The package includes free 24 hour telephone banking, free access to NCB online banking services, and SMS notification messages for all transactions. In addition, participants in the AlAhli Professionals Payroll Solutions qualify for Tayseer AlAhli credit cards, free of charge for the first year, plus three supplementary cards for life.
AlAhli Professional Payroll Solutions customers can apply for AlAhli Personal Finance covering 100 percent housing rent in advance with rates as low as 3.5 percent, subject to NCB terms and conditions, and including a comprehensive family protection program in case of the death orAlAhli Professional Payroll employee.
Furthermore, Professional Payroll Solutions customers can buy a car through the AlAhli Auto Lease program with a special down payment plan, depending on the car model, and with exclusive discounts on cars, accessories, services and parts, subject to there being an agreement in place between NCB and the car dealer.
Payroll customers earning SAR 10,000 upwards qualify for the AlAhli Executives Payroll Solution, which has all the same benefits as the Professional Payroll Solutions plus extra features that include a higher cash withdrawal limit of up SAR 20,000 and, subject to NCB terms and conditions, exclusive shopping privileges and services for top brands.
In addition, AlAhli Executives Payroll Solutions employees can use their AlAhli credit cards to obtain a cash advance of up to 100 percent of their credit limit, while Titanium cardholders benefit from a rewards program that includes up to 2 percent cash back. Executive Payroll employees earning SR25,000 per month or more have automatic membership to Al-Wessam program.
The free international ATM card can be use at more than 1,150 ATMs and over 9,500 point of sales terminals across the Kingdom. In addition, NCB has more than 290 branches Kingdom wide and operates the largest dealing room in the Middle East.
NCB offers its customers a comprehensive range of alternative service channels.
