Banking in Riyadh

On 02.05.09, In Business, by

A List of banks in Riyadh. Also requirements for opening a bank account and acquiring a credit card. Al Rajhi Bank Riyad bank Bank Al Jazir Bank AlBilad Arab Bank: Al Arabi Investment Company (AB Invest) SABB, The Saudi British Bank , Saudi Arabia Samba HSBC Saudi Arabia Limited, Saudi Arab Western Union – Money Transfer Banque Saudi Fransi BANK MUSCAT Emirates Bank Saudi Arabia Saudi Hollandi Bank Bahraini Saudi Bank Ministry of Finance :: SAUDI CREDIT BANK Saudi Investment Bank SaudiPak Bank The [...]

SAUDI INFLATION

A List of banks in Riyadh. Also requirements for opening a bank account and acquiring a credit card.

Opening a bank account (General):

  1. Iqama (I.D.)
  2. Copy of your passport
  3. Place of residence. 

Alrajhi Conditions to receive credit card

  • Saudi nationals only
  • Ages between 18 and 60
  • Must have a current account at the bank
  • Must transfer his salary to the bank
  • Minimum monthly income of SR 3,000
  • The customer’s employer should be approved by the bank
  • The customer shouldn’t be on the black list of SAMA system
SAMBA Required Documents to acquire Credit Card

  • For Saudis: a clear and enlarged copy of ID cards.
  • For non-Saudis: a clear copy of Iqama and passport with full address in home country. 
  • For individuals with salaries: letter from employer stating date of employment, current position and monthly income.
  • For self-employed individuals: bank statement for the last 3 months. 
  • For non-Samba account holders: a copy of any of the  following; other bank Credit Card photocopy, or letter  of Employment. 
  • For supplementary applicants: copy of ID or passport.
  • For Samba Mobily customers, attach a copy of your Mobily post paid bill or signed post paid application form with your application. 
  • In exceptional cases, you may submit additional documents as per the bank’s requirement.