Travel Account

Travel Account

Travel Account

A one of its kind Current Account (additional account), linked to a reward structure, in the form of Travel Miles. These Travel Miles will be earned monthly based on the average monthly balance in Travel Account and redeemed against Saudia AlFursan miles by the customer through the bank's application.



Features and Benefits


Travel Miles

Travel Miles can be earned monthly and automatically based on the average monthly balance in Travel Account.

Easy Account Management

You can easily check your account balance, track the earned, converted and redeemed miles etc., through SAIB’s Mobile Banking app.

WooW Loyalty Program**

Customers will earn WooW points on all their eligible transactions.

Shari’ah compliant

Easy Miles Transfer

Travel Miles can be easily transferred to the customer’s account in Saudia Alfursan Program in orde r to buy airline tickets, upgrades seats. To know how to open and operate the account, click here

Full Digital Experience

A fully digital account, that can be opened and managed easily through SAIB’s Mobile Banking app.

No minimum Balance

There is no minimum balance requirement or hidden requirements and charges


* In order to open *Travel Account, the customer must have a primary Current or Salary Account with SAIB.
*SAIB’s account opening policies for additional account will be applicable
**Except average monthly balance

How to Earn Travel Miles

Miles will be awarded by the bank based on a tiered structure, which will be differentiated based on the customers’ average monthly balance in the Travel Account:

Monthly Average Balance Tier Miles per SAR
< SAR100,000 0.00968
SAR 100,000 – 499,999 0.01362
SAR 500,000 – 1,999,999 0.01670
SAR 2,000,000 – 4,999,999 0.02110
SAR 5,000,000 and above
*(Please note that 4,999,999 SAR of average monthly balance will be calculated based on the previous rate and the remaining will be calculated based on this rate)

*The customer acknowledges that the Bank has the right to amend the value of earned Miles from time to time without referring to the customer as per the above table, as indicated without limitation and customer will be notified of the amendment to the terms and conditions before 30 days.


Customer’s average monthly current balance: SAR 100,000

No. of Travel Miles earned for that month: 100,000 x 0.01362 = 1,362 Miles


Customer’s average monthly balance: SAR 6,000,000

No of Travel Miles earned in that month: 4,999,999 × 0.02110 = 105,499 Miles

1,000,001 × 0.00968 = 9,680 Miles (Additional SAR 1,000,001 in the lower tier)

Total Miles earned: 105,499 + 9,680 = 115,179 Miles

Travel Miles Calculator

Average Monthly Balance
Monthly Earned Miles

Terms and Conditions

  • Account can be opened and operated digitally only, through SAIB’s Mobile Banking app, and to know how to open and operate the account, click here
  • Through Travel Account, the customer can make internal transfers between SAIB accounts, load, and unload transactions from Travel Card and receive incoming SARIE and SWIFT transfers only.
  • Other transactions involving Outgoing SARIE, ATM withdrawals, branch withdrawals, SWIFT, cheque encashment are excluded.
  • No cheque book or debit card will be issued for Travel Account.
  • Each customer can open one Travel account only
  • Fees are applicable to the Travel Account product as per the regular tariff of the Current Account on SAIB’s website.
  • There are no charges and minimum balance requirement for opening the account.
  • The customer will earn reward miles each month based on monthly average credit balance in Travel Account.
  • There is no minimum or maximum amount of deposit to earn miles.
  • The customer must provide the bank the correct Saudia AlFursan membership number, and the customer undertakes that the membership number is correct and owned to the same account holder and membership holder.
  • Customers have to redeem the Travel Miles to their Saudia AlFursan account by themselves, through bank’s internet and mobile banking.
  • The Travel Miles, once redeemed by the customer, cannot be used again or credited back to customer’s account.
  • Any Travel Miles earned by a customer within a calendar year (from January 1 to December 31) will expire at the end of the third year after the Travel Miles are earned. For instance, if the customer earns 5,000 miles on May 15, 2024, and 10,000 miles on June 14, 2024, the client’s total 15,000 miles earned within 2024 will expire at the end of December 31, 2027.
  • If a customer transfers valid Travel Miles in the same transaction with the expiring Travel Miles, the valid Travel Miles will be expired and deducted from the expiring ones.
  • Notwithstanding the forgoing provisions, The Bank reserves the right to make further fraud prevention checks with regard to any redemption request or miles earning, and may refuse to act on a request in case of detecting any fraud.
  • The Saudi Investment Bank will not be responsible for any Travel Mile’s redemption information sent to the wrong Saudia AlFursan membership number or returned as a result of customer’s failure to provide the correct Saudia AlFursan membership number information.
  • Transfer of miles will take up to 14 business days. The Saudi Investment Bank will make reasonable efforts to ensure miles are transferred in due course and without delay.
  • When applying for Travel Account, the customer agrees and accepts that the terms of using any earned miles, will be subject to the terms and conditions contained in ( and its subsequent amendments from time to time.
  • When applying for Travel Account, the customer authorizes the Bank to disclose to the second party (Saudia AlFursan) information in connection with the customer including but not limited to full name, email address, language, contact information, membership number, for the purpose of effecting the terms, conditions and/or the benefits contained in this agreement
  • Saudia AlFursan Program grants the customer the chance to earn travel miles based on the terms and conditions of the Travel Account. The Customer acknowledges as follows:
    - The bank and/or the companies providing the service to the bank have the right, according to its unilateral will, to amend the terms and conditions of the programs after a written notice is sent to the account holder’s registered address or through official channels of communication authorized by the Bank 30 days prior to the effective date and the customer shall be bound by such variations and amendments.
    - All miles earned are not transferable to any other program.
    - Miles earned have no cash or monetary value.
  • The bank guarantees the commitment of the third party (Saudia AlFursan) to maintain the confidentiality of the data and not to share it with other parties without informing the bank.
  • SAIB Bank does not keep the current balance of Saudia AlFursan miles nor customer information registered in the Saudia AlFursan program, including the Saudia AlFursan membership number.
  • The Bank shall not bear any responsibility or obligation towards third parties when Saudia makes any changes to the Saudia AlFursan Program or its terms and conditions.
  • Miles cannot be exchanged for any other rewards, and are not replaceable or transferable under any circumstances. They can only be availed after they have been transferred to Saudia AlFursan.
  • In the event that the Travel Account is closed by the customer before the end of the month, the Bank has the right to cancel the customer’s eligibility to earn miles, and he/she is not entitled to benefit from the previously earned miles that have not yet been added to his or her account in Saudia AlFursan.
  • SAIB reserves the right to reduce the Travel Miles, or not apply any allotment, due to any reason.
  • Travel Account holders are entitled to earn Saudia AlFursan miles based on the earn rate decided by the Bank (Travel Miles will be rounded down to the nearest number e.g., 7.3 miles will be rounded down to 7 miles).
  • The bank reserves the right to take appropriate measures to protect itself from errors and incidents arising from unforeseen circumstances or beyond its control.
  • The customers will be automatically enrolled to WooW Program upon opening Travel account, and mandates customers to accept WooW Program terms and conditions (WooW Terms and Conditions) shown on SAIB Internet Banking website page. The customer shall be automatically entitled to earn and redeem the points he/she gained through their account as follows:
    - Woow points will not be applicable on the average balance of customer’s Travel Account, as customers will be earning Travel Miles instead of WooW points.
    - The customer will be earning WooW points based on the eligible transactions and parameters, as laid down in the Woow program, details of which are available on SAIB’s website, except for average balance, as per the above point
  • The customer acknowledges that he has seen, read, understood and agreed to the clauses / terms of this document, that the bank has encouraged him to review these terms and conditions and that the bank has answered any queries (if any) related to these terms and conditions/clauses
  • SAIB is entitled, at any time and with prior notice to the customer in any manner whatsoever, to terminate Travel Account and/or vary its benefits or features, and/or vary, add to or delete any of the terms and conditions outlined herein, and/or modify or limit the miles earn rate, and/or the manner of which the miles are earned, after a written notice is sent to the account holder’s registered address or through official channels of communication authorized by the Bank 30 days prior to the effective date and the customer shall be bound by such variations and amendments. The latest provisions in such connection will be available on the SAIB’s website. It is the account holder’s responsibility to ensure that they are apprised of the provisions and any changes thereof relating to the Travel Account at all times. SAIB’s decision on all matters relating to the Travel Account shall be final and binding on the customer.
  • This offer is subject to the Kingdom of Saudi Arabia’s regulations and laws.
  • To view the full Terms & Conditions, click here