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.
