Opening a bank account in Saudi Arabia

#1 28 September 2011 09:43:18

Julien
Julien
Grand Baie

Opening a bank account in Saudi Arabia

Hi all,

is it difficult for expats to open a bank account in Saudi Arabia ?

Which documents are required to open a bank account in Saudi Arabia ?

How long does it take to open it ?

Is there any restriction for expats regarding the services (loans for instance)  ?

Which bank would you recommend ?

Thanks in advance for your participation,

Julien

#2 28 September 2011 17:21:18

wilson_derry

Re: Opening a bank account in Saudi Arabia

Is it difficult for expats to open a bank account in Saudi Arabia?
Itís really not difficult but depends on the bank. IF you have a sponsor letter then itís easy

Which documents are required to open a bank account in Saudi Arabia?
Sponsor letter or company Letter

How long does it take to open it?
One day or 1hr depends on the bank
Is there any restriction for expats regarding the services (loans for instance)?

Nope, but you should have salary certificate, other bank statement and approval from your company.
Which bank would you recommend?

Saudi Francis bank is good and they want more customers for approaching bank loan.



Thanks
wilson:)

Last edited by wilson_derry (28 September 2011 17:22:39)

#6 02 October 2011 15:28:05

Xtrem
Xtrem
Riyadh -.-

Re: Opening a bank account in Saudi Arabia

but there is a difficulty when it comes to credit card
some might not allow you if you don't have a kafala from a company ( those who are students are not allowed but their fathers can make them a linked credit card to their account)
some banks allow credit cards but limit their usage ( like al ahli bank doesnt allow you to buy from certain sites )

#7 02 October 2011 16:23:10

ontrain

Re: Opening a bank account in Saudi Arabia

It is not hard to open bank account in Saudi Arabia. It it's a payroll bank account all you need to have is your IQAMA and a letter from your employer if it's personal at least you have IQAMA. SAMBA bank is quite good. You may want to try vising their website www.samba.com.sa

#8 04 October 2011 14:24:09

Xtrem
Xtrem
Riyadh -.-

Re: Opening a bank account in Saudi Arabia

onthetrain7 wrote:

It is not hard to open bank account in Saudi Arabia. It it's a payroll bank account all you need to have is your IQAMA and a letter from your employer if it's personal at least you have IQAMA. SAMBA bank is quite good. You may want to try vising their website www.samba.com.sa

but doesnt support student visa or any non employed visa 
i tried it , and they refused to give me a credit card

#10 22 December 2012 13:24:50

ariesamna
ariesamna
Riyadh

Re: Opening a bank account in Saudi Arabia

I dont think it is difficult to open up an account here... I recently opened my account with Al Rajhi bank and all they asked for was my IQAMA and it took 10 min in all for my account to be active and for to have my ATM card... I dont know about other banks but if u plan to open up ur account with Rajhi please do mention it to them that u require online banking and phone banking service so that they make activate it otherwise u will have to visit the branch again in order to get the services activated...

And I'm not here on a working IQAMA, so i guess it should be easy otherwise as well

#12 26 June 2013 22:54:18

Xtrem
Xtrem
Riyadh -.-

Re: Opening a bank account in Saudi Arabia

touseef riaz wrote:

my name is touseef riaz i am from pakistan now i am in saudi arabia i want to open my samba account so i need your help thanks

Things changed now, you have to get "Iqama" to be able to open bank account.
in fact all your information from financial expenses to traveling to phone calls are all connected to your "iqama"

#13 28 June 2013 09:52:58

dhan05
dhan05
Al Jubail

Re: Opening a bank account in Saudi Arabia

Exactly Extrem..

I recommend SABB Bank, the best bank i would say.
either savings, ATM or credit card, name it services is good especially online.

Just to share :)

#14 28 June 2013 12:17:50

karen
karen
Port-Louis

Re: Opening a bank account in Saudi Arabia

Hello :)

Please note that this is an old thread but thanks for your contribution.

Regards

Karen.

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