Features:
• Easy transfer to the Saving Account
• Instant access to the account through free electronic banking
• Shariah-compliant competitive returns on your monthly average when choosing saving account with return
• Ability to set the savings target
Riyad Bank - Wazin :
We all plan to save every month? The reality is we all struggle in achieving it. Wazin is the perfect solution to help you save without you having to put any effort. You set the rules and Wazin takes care of the rest!
Smart and innovative service for saving automatically! For each transaction you specify, a percentage of the net transaction amount will be deducted from your current account, thus the amount will be deposited into your savings account, all of this automatically, and your savings will be easier and without any additional effort.
Minimum Balance
No minimum balance
Minimum Salary
Opening Balance
Annual Rate
Monthly Fee
No
Eligibility:
Should be 18 years of age or older.
Documents required:
• Valid ID card.
• You only have to have a current account to link it to the program.
• Log on to Riyad Online.
• From the main menu choose “apply online”
• Choose “Wazin program” then Click on “create new Wazin program”
• Choose “start saving now”
• Select the account for Wazin enrollment
• If you prefer saving with return, choose “Saving account with income”, if not then choose without return and click next
• Define your goal and complete all the necessary information
• Specify the percentage for each type of transaction.
Benefits:
• Shariah-compliant
• Easy steps to open the account
• No minimum balance required