Features:
• No minimum deposit required to open the account.
• Available in Saudi Riyals and other major currencies.
• Free Cheque Book.
• Free mada Debit Card for ATM Cash Withdrawals and Point of Sale (PoS) transactions.
• Free Supplementary mada Debit Card from The Saudi Investment Bank for a family member.
• Choice of account statement frequency. You can choose either a monthly, quarterly, half-yearly or yearly frequency.
• Settling bills and payments through SADAD.
• Transferring money within the Kingdom or abroad, through payment instructions or standing orders.
• Earn WooW points on the average balance in your account each month.
The Saudi Investment Bank - Alasalah Current Account :
It is an account opened in accordance with
Islamic Sharia rules. This account allows you to issue cheques, deposit cash
and fulfill all day-to-day transactions.
Minimum Balance
SAR 0
Currencies
Available in Saudi Riyals and other major currencies.
Monthly Fee
NA
Eligibility:
Age:
18 years.
15 years for Saudis holding a valid ID card.
Nationality:
Saudis.
GCC citizens with valid passport, or national
identity card (applicable only to citizens of Bahrain, Oman, Qatar and UAE),
and proof of address in the Kingdom (evidenced by a utility bill, house rental
contract, real estate title deed, or a letter from a Saudi citizen attesting to
the GCC citizen’s address) along with their home country address.
Non-Saudis (and Non-GCC) holding a valid
residency permit (Iqama).
Documents required:
• Fill out SAIB account opening application form and attach required documents.
• Attach a copy of a valid identity document
Benefits:
Multiple Currencies
Available in Saudi Riyals as well as other major
currencies approved by SAIB.
Free cheque-book
Free cheque-book (Available only for Saudi Riyal
Accounts).
Account Statement
Your choice of statement frequency (i.e. monthly,
quarterly, half-yearly or yearly).
Settlement of bills and payments
Settlement of bills and payments through SADAD
and ability to transfer funds locally and internationally.
Free access to your account through multiple
channels :
Flexx Click - Internet Banking Flexx Call -
Contact Center Flexx Touch – Mobile Banking ATMs Branches