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Banking in Saudi Arabia

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stekatz

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

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

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

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

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

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

MisterStretch

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.

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