How to Open a Bank Account in Saudi Arabia Without Visiting a Bank
As a national or permanent resident (international student) of Saudi Arabia, opening a bank account is an essential step to managing your finances efficiently. The good news is that opening a bank account in Saudi Arabia has become more accessible and convenient, thanks to the online account opening services offered by various banks, including Al Rajhi Bank. In this article, we will guide you through the process of opening an Al Rajhi bank account online without visiting a bank. since it offers the cheapest and easiest option to open a bank account online.
Step 1: Choose the Bank that Best Suits Your Needs
The first step in opening a bank account is to choose a bank that best suits your needs. Some of the factors to consider when choosing a bank include location, fees, services, and minimum balance requirements. Al Rajhi Bank is one of the largest and most respected banks in Saudi Arabia, and it offers a wide range of services, including savings accounts, current accounts, investment accounts, and credit cards. The cost to open an account is usually free, with no annual fees. Additionally, Al Rajhi Bank has a vast network of branches and ATMs throughout the country, making it easy to access their services.
Step 2: Gather the Required Documents
Once you have chosen the bank that best suits your needs, the next step is to gather the required documents. These documents typically include you a copy of your Saudi ID card, a copy of your Iqama (residence permit), and proof of address. As a permanent resident or national of the country, you should have all the required documents to open an account.
Step 3: Open an Account Online
After collecting all the necessary documents, you can now open an account online with Al Rajhi Bank. The first step in opening an Al Rajhi bank account online is to visit the bank’s website and select the “Open an Account” option. You will then need to provide personal information, such as your name, date of birth, and contact details. Once you have provided your personal information, you will need to upload the required documents, which include a copy of your ID card or passport, a copy of your residency permit (Iqama), and proof of address.
Step 4: Choose the Type of Account and Card
After uploading the required documents, you must select the type of account you want to open, such as a savings account, current account, or investment account. You will also need to choose the type of card you want, such as a debit or credit card.
Step 5: Receive Confirmation of Account Opening
Once you have completed all the necessary steps, you will receive an email from the bank confirming that your application has been received. The bank will then review your application and documents and may contact you if they require additional information. you can usually expect to receive confirmation of your account opening within 1–2 hours of submitting your application and required documents. If your application is approved, you will receive an email confirming that your account has been opened, along with your account details, such as the account number and online banking login information.
Step 6: Order an ATM Debit Card or Print it at a Self-Service Kiosk
You can order a Mada card (ATM Debit Card) through the app or print it at a self-service kiosk. The self-service kiosk offered by Al Rajhi Bank is a highly convenient and user-friendly tool that allows customers to access a range of services easily.
Step 7: Enjoy the Convenience of Self-Service Kiosks
The self-service kiosk offered by Al Rajhi Bank is a highly convenient and user-friendly tool that provides a range of services to customers. By using the kiosk, customers can withdraw cash, deposit cash, and checks, pay bills, and transfer money between their Al Rajhi Bank accounts and to other bank accounts.
Opening a bank account as a tourist:
Tourists can also open a bank account in Saudi Arabia, but the process may be more challenging than for residents and students. Tourists need to provide a valid passport, a copy of their entry visa, and a reference from their employer or hotel. Some banks may also require a minimum deposit to open an account.
In conclusion, opening a bank account in Saudi Arabia is essential for residents, nationals, students, and tourists who want to manage their finances efficiently. Al Rajhi Bank is the cheapest and easiest option to open an account online with minimal requirements and no annual fees. Foreign students can also open accounts with ease, benefiting from the bank’s user-friendly online banking platform and self-service kiosks. Tourists can also open a bank account, but the process may be more challenging, requiring additional documents and deposits. Regardless of the purpose of your stay in Saudi Arabia, having a bank account is essential for managing your finances and ensuring a smooth financial experience.