Banking in Saudi Arabia

stekatzGuest28 April 2010 14:16:32

Can anyone recommend a good bank to use in the KSA? What are the requirements to open an account as an expat? Thanks!

-S

shahab.ali ViP

Member since 14 March 2010

shahab.aliViP28 April 2010 14:26:38

1079

SABB (HSBC) is a good bank. actually according to the new rules, u just need ur ID (iqama) but some of the branches dont know of this so hope u get to a good branch.

mfaisalpk Contributor

Member since 21 March 2010

mfaisalpkContributor28 April 2010 14:36:11

187

http://www.alahli.com/en-US/Pages/NCBHomePage.aspx
Good facilities but not good customer service.

http://www.alrajhibank.com.my/
Moderate facilities and customer service.

https://www.eservices.baj.com.sa/defaul … sData=true
I live BAJ.

stekatz Guest

stekatzGuest29 April 2010 08:17:15

Hi Shahab-

So, what were the old rules, in case I get a branch that isn't aware that you only need your iqama?

Thanks!

shahab.ali ViP

Member since 14 March 2010

shahab.aliViP29 April 2010 12:27:33

1079

u needed ur sponsors letter stating that they dont have objection for u to open a banking account. it is still advisable to carry one wen going to open an account. i dont remember but i think pp size pic is also needed.

Alliecat ViP

Member since 13 October 2009

Alliecat
=^.^=

AlliecatViP29 April 2010 12:40:06

8790

Yes, the sponsor letter and the iqama, which has your picture on it (I didn't need an additional pic at Al Rajhi).

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MisterStretch ViP

Member since 07 January 2010

MisterStretchViP30 April 2010 03:06:55

805

I agree that SAAB (HSBC) is a good bank, so is Samba.

If you are going to be transferring money home, making payments, etc. You might work this one backwards and see what banks in your country have corresponding banks in the KSA.

It makes transferring money cheaper and easier.

The only documentation you need is an Iqama.