The SadaPay is simple and has a minimized charge structure to provide a cost-effective banking experience. For most of its services are free, including:
- Account Opening
- Monthly Charges
- Annual Charges
- Mobile Banking
- SMS Alerts
- Minimum Balance Requirement
- First Time Debit Card Issuance
- Local Bank Funds Transfer
Meanwhile, it only charges a bit for international financial transactions. See the schedule below:
|Minimum Balance Requirement||0|
|First Time Debit Card Issuance||0|
|Debit Card Replacement||500|
|PayPak Card||700 (annual)|
|1st 3 ATM Withdrawls||0|
|Subsequent Withdrawls (4th)||23.44|
|Local Bank Transfer||0|
|Foreign Transcation POS||0.015|
If SadaPay doesn’t charge, then how does it earns?
An intelligent question. They don’t have branches like traditional banks, which cuts most of their expenditures. Therefore, very few staff is required to handle the operations. Ultimately, the benefit to the users informs of free services.
What are the charges for foreign transaction?
It depends upon the funds transfer amount. And calculated as 1.50% per transaction.