Your choice of statement frequency (i.e. monthly, quarterly, half-yearly or yearly).
It is a Sharia compliant current account
specially designed to meet the requirements of individual customers transferring salary to SAIB.
Account Statement
Free Cheque-Book
Free cheque-book (Available only for Saudi Riyal Accounts).
Available in only.
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
Enjoy Free Account Access via Various Channels: Flexx Click (Internet Banking), Flexx Call (Contact Center), Flexx Touch (Mobile Banking), ATMs, and Branches
Key Requirements
to open a Salary Account
18 years.
15 years for Saudis holding a valid ID card.
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).
No minimum balance requirements or fall below fee is charged.
No minimum deposit required to open the account.
Documentation
A filled out SAIB account opening application
Valid identity document
Terms & Conditions
Click here to view the account opening terms and conditions
Service Standards
The entire process of opening an account takes no more than 25 minutes at any of SAIB Branches.
Your Mada Debit Card, PIN and account identification card are issued immediately.
Cheque book is issued within 2-3 business days.
FAQs
It is a Sharia compliant current account specially designed to meet the requirements of individual customers transferring salary to SAIB.
- 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, or half-yearly frequency.
- No minimum balance requirement or fall below fee.
The account also facilitates:
- 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 account can be accessed via
- Saudi nationals who are at least 15 years old and hold a valid ID card.
- GCC citizens who are at least 18 years old, hold a valid passport, and provide a proof of address in the Kingdom.
- Non – Saudi nationals who are at least 18 years and hold a valid residency permit (Iqama).
No minimum deposit is required to open a Salary Account.
- 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.
Please click here to submit your contact details. Our representative will call you shortly. You can also contact our Flexx Call contact center at 800 124 8000 or visit any of our branches.