The Saudi Investment Bank - Salary Account

The Saudi Investment Bank

Features:

• No minimum balance requirements or fall below fee is charged.

• No minimum deposit required to open the account.


The Saudi Investment Bank - Salary Account :

It is a Sharia compliant current account specially designed to meet the requirements of individual customers transferring salary to SAIB.


Minimum Balance

No minimum balance

Currencies

Available in Saudi Riyals only.

Monthly Fee

No minimum balance requirements or fall below fee is charged.

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:

• A filled out account opening application booklet. 
• Copy of a valid national ID document. 
• Salary assignment letter from your employer. 
• For expatriates, a letter of introduction from the sponsor is also required.

Benefits:

Saudi Riyals

Available in Saudi Riyals only.

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