Advice for opening a bank account! (Riyadh)

Last activity 28 October 2014 by zilanib

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IT GuyMember19 September 2011 07:24:39

My first week is over in Riyadh, Inshallah will soon receive my Iqhama. Now I am thinking where to open a Bank account so that it provides me online access for transfer of funds, pay bills etc. within Riyadh.
Also I should be able to transfer money to India where exchange rate and fees are decent enough. I am new to the concept of NRI account do I get to open both accounts, if so please guide me by providing bank names and procedures.

Thanks .

yazeed1Guest19 September 2011 07:58:23

214245

I don't know about NRI but two bank accounts that I have tried that provide that are:
National Commercial Bank (Al Ahli Bank) and
Saudi Investment Bank

they allow you to transfer funds online, pay bills, car installments...etc

SaudiUKSerial expat20 September 2011 09:33:12

544

Most banks allow online transactions - SABB, Riyad Bank, Rajhi Bank, Alimna Bank, etc....

For sending money back it differs depending on country. All banks allow monies to be remitted back however this is not always the cheapest way.
Get advice from someone who remits to India they will be able to advice you the cheapest way.

the_bladeContributor25 September 2011 05:16:23

125

your best bet is to open an account with SAMBA so you can use speedcash to remit funds to India

IT GuyMember25 September 2011 12:12:38

the_blade wrote:
your best bet is to open an account with SAMBA so you can use speedcash to remit funds to India

So SAMBA it is ? The_blade , are you from India ... if so, then I will go ahead with your advice ... or do I have some more options?

manojkm0404Member11 November 2011 22:52:39

Dear..

You have the Relationship Manager of The Federal Bank from India at Al Rajhi Bank to help you in opening an NRI account in India.
Get in touch with him ar 0540 816 981.

erwin c. dela cruzMember28 March 2012 17:19:33

sir,,how to open my acount,,im interested to apply my account in your al raijhi bank..thank you very much...

m nizarMember14 May 2013 17:08:55

new nre

mateen razaMember19 June 2013 07:20:56

asslwakum i need account open riyadh bank

TheLegendLeadsViP19 June 2013 08:00:43

#10

5763

mateen raza wrote:
asslwakum i need account open riyadh bank

Go to the bank bro.

mohammed akbarMember03 July 2013 22:23:20

#11

Assalamu alaikum
dear sir i want to open account in riyadh bank please let me know what should i do.

MaximilienViP04 July 2013 10:32:33

#12

12633

Hi mohammed akbar,

Welcome to Expat.com

Did you see or read the previous post from TheLegendLeads ?

Thank you

Maximilien
Expat-blog Team

J VINOTHMember14 August 2013 12:32:33

#13

I AM WORKING IN DOHA COMPANY. I NEED NRI ACCOUNT BECAUSE I SENT TO MONEY THROUGH MONEY TRANSFER. SO PLEASE HELP ME.

DavidViP15 August 2013 04:59:52

#14

9410

Hi J VINOTH

Can you please avoid posting in caps lock this, make you the text you posted hard to read.

Please refer to this thread, where you may find a the answer to your issue.

Regards,

David.

akbar mohammedMember15 August 2013 06:08:54

#15

Dear sir,
I want to open account in riyad bank online, possible are not i want to know.

karenViP15 August 2013 11:07:23

#16

4030

@ akbar mohammed :

RehabDoctorSerial expat22 August 2013 06:26:38

#17

279

Need to visit branch

JasfurJQViP22 August 2013 06:55:34

#18

1865

IT Guy wrote:
My first week is over in Riyadh, Inshallah will soon receive my Iqhama. Now I am thinking where to open a Bank account so that it provides me online access for transfer of funds, pay bills etc. within Riyadh.
Also I should be able to transfer money to India where exchange rate and fees are decent enough. I am new to the concept of NRI account do I get to open both accounts, if so please guide me by providing bank names and procedures.

Thanks .

Hi IT Guy, I recommend SAMBA, they are offering so many option like remmitance, transfer money, pay bills etc.....+966(1)4774770 heres the landline for more info...... goodluck!!!!

vamsipenuActive member09 September 2013 16:32:38

#19

iam newly arrived 1 week ago with out iqama by showing visa stamping page in passport can we open account?

please advise me

AlliecatViP09 September 2013 16:40:29

#20

8790

vamsipenu wrote:
iam newly arrived 1 week ago with out iqama by showing visa stamping page in passport can we open account?

please advise me

No. If it were that simple, everybody would be doing it. Simple is NOT a word often used in Saudi Arabia!

TheLegendLeadsViP09 September 2013 18:35:07

#21

5763

Alliecat wrote:
vamsipenu wrote:
iam newly arrived 1 week ago with out iqama by showing visa stamping page in passport can we open account?

please advise me

No. If it were that simple, everybody would be doing it. Simple is NOT a word often used in Saudi Arabia!

Exactly.

thamielaMember11 September 2013 07:36:47

#22

Hi there, just listening to u guys makes me wonder if I should still come. I have been offered a job in Riyadh but told that their is nothing to do except watch tv. I am a single female and if opening accounts is hard for the guys what abt me? Lol

TheLegendLeadsViP11 September 2013 08:14:26

#23

5763

thamiela wrote:
Hi there, just listening to u guys makes me wonder if I should still come. I have been offered a job in Riyadh but told that their is nothing to do except watch tv. I am a single female and if opening accounts is hard for the guys what abt me? Lol

Opening accounts is not hard @thamiela. Most, who tossed 'I want a bank account' in this thread, need to move their a**es and visit bank brances. Doesn't take more than an hour. Dropping a note on a social network....does that ever work except in dreams?

vamsipenuActive member06 October 2013 15:37:00

#24

Dear friends

can any one suggest me the bank to open a savings account that provides credit card and personal loan with low interest rates

anura silvaMember24 December 2013 08:59:39

#25

[Moderated: off topic]

abdul gaffarMember06 March 2014 07:36:30

#26

razwanMember20 March 2014 10:59:30

#27

i need a accout plz tell me what i do

yazeed1Guest20 March 2014 11:28:14

#28

214245

Go to a bank and see what the requirements are. They generally need the below:

1. A letter from your employer COC
2. Original Iqama
3. Copy of passport

zilanibMember28 October 2014 04:36:24

#29

Get salary certificate from your employer and chamber it, go to the bank with salary certi and Original Iqama, thats all

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