Opening an account with Riyad Bank used to require a visit to one of its branches. However, this is no longer the case. Riyad Bank now offers online account opening, making it more convenient for customers to open an account. This makes Riyad Bank more competitive with other Saudi Arabian financial institutions, which also offer online account opening.
Procedure For Opening An Account With Riyad Bank
Opening a bank account is one of the most important steps in establishing your financial independence and stability. Riyad Bank offers a variety of account options to best suit your needs, and we make the process of opening an account easy and convenient. In order to open a current account with Riyad Bank, the following requirements must be met:
You will need to provide your Valid Iqama, National Address Registration, and Absher registration.
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Riyad Bank Account Opening Step by Step Guides
The Riyad Bank website offers a current account that anyone can open, regardless of nationality. The account can be used to receive payments from companies or individuals and can also be used to make payments in Saudi Arabia or abroad. The account comes with a Riyad Bank Visa debit card that can be used at any ATM or merchant that accepts Visa cards.
At First Visit Riyad Bank website‘s for a current account.
If you are an expat in Saudi Arabia, you will need to open a bank account. You can do this by clicking on “Apply Now“ on the page. You will need to enter your “Iqama number” on the account opening page. Then, select “Yes” next to the question “Do you have an Absher account?“ You will then be taken to the national single sign-on portal (IAM), where you must enter your Absher username and password. After you enter the OTP, the screen will display “Authentication Successful.”
- This website requires you to input your personal information. It asks for your place of birth, marital status, number of dependents, and educational level. After you input this information, it asks you to click “Confirm.”
- You’ll need to confirm your employment information. This is where you enter your employer name, employer location, employment start date, occupation, salary, and income frequency. Click “Confirm.”
- If your National Address is not pre-filled, enter it on the following page.
- In the City field, enter the name of your city.
- In the District Name field, enter the name of your district.
- The Street name field, enter the name of your street.
- The Building number field, enter your building number.
- Also, Postal code field, enter your postal code.
- In the Additional Number Field, enter any additional numbers associated with your residence (e.g., suite number).
4. You’re almost done! On the next page, you’ll be able to enter your contact information. Please enter your primary number (format: 966509612345) and your secondary number (format: 966509612345), then enter your email address. Finally, click the “Confirm” button.
Now that you’ve created your Riyad Bank Account, you’re ready to start using it! Your account number is the unique identifier for your account, and you’ll need it to make transactions. Be sure to keep it safe and confidential.
As soon as you receive a MADA card, Once you have your MADA card, you can use it at any ATM in Saudi Arabia to withdraw cash, make deposits, and check your account balance. The card can also be used at merchants that accept Visa cards.