payday

UliF
Newbie

Posts: 3

payday Feb 13, 2015 19:44:49 GMT

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Post by UliF on Feb 13, 2015 19:44:49 GMT

I searched the FAQs and the forum and found that payday is the 1st of the month. Cutoff day is the 20th for the arrival with the first paycheck.
My question is: When is the money in our account in the US with direct deposit? If it falls on a weekend will it be available before or after the weekend? Will it be effected by US or KSA weekend or both?
Example: If 1st is payday and the first is a Thursday, will the money be in our US account on Monday the 5th or Wednesday the last?

Thanks for the help
Uli

cgyguy
Advanced Member

Posts: 90

payday Feb 19, 2015 19:25:58 GMT

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Post by cgyguy on Feb 19, 2015 19:25:58 GMT

The payroll is deposited towards the end of the month and I've seen that they make it so you will always have access to the funds outside of the kingdom immediately, as they transfer the money so it is a weekday in the host country.

If you also have a KSA account it will be deposited a few days earlier than the non-saudi bank, usually one or two days.

Cut off is around the 20th (to make changes or additions to your payroll, like adding another bank or changing percentages). This month was the 18th.

Once you are here you'll have a link with the schedule for the reminder of the year with the exact dates for Saudi and non-Saudi banks deposits, as well as cutoff dates.

Shammal Advanced Member Posts: 90	payday Feb 19, 2015 22:30:20 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by Shammal on Feb 19, 2015 22:30:20 GMT For the last few months it seems that my account receives the transfer on about the 28th

bamaster Advanced Member Posts: 91	payday Feb 20, 2015 8:22:05 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by bamaster on Feb 20, 2015 8:22:05 GMT cgyguy Correct. The schedule is published for employees. This month, non-Saudi deposit is the 26th (I assume because the last day of the month is on a weekend). Saudis usually get paid a couple days earlier.

Post by UliF on Feb 13, 2015 19:44:49 GMT

Post by cgyguy on Feb 19, 2015 19:25:58 GMT

Post by Shammal on Feb 19, 2015 22:30:20 GMT

Post by bamaster on Feb 20, 2015 8:22:05 GMT