How do expats open a bank account in Saudi Arabia?
Which banks expats use in Saudi Arabia, what you need to open an account, how mada cards work and affordable ways of sending money home.
Checked against official sources: November 2026
Which bank should I pick?
| Bank | Known for |
|---|---|
| Al Rajhi Bank | Largest branch and ATM network, popular remittance service, fully Sharia-compliant |
| Saudi National Bank (SNB) | Largest bank by assets, wide corporate links |
| Riyad Bank | Strong app and credit cards |
| stc bank, urpay | Digital wallets for everyday transfers |
What do I need?
- A valid Iqama
- A Saudi phone number registered to your Iqama
- A National Address
- Your salary certificate from your employer, in some cases
How do cards work day to day?
Almost everywhere takes mada, contactless and Apple Pay. Foreign cards work widely too, but you may pay a conversion fee. Cash is still useful in small souqs.
What is the cheapest way to send money home?
Compare the exchange rate and the fee together. Al Rajhi's Tahweel, urpay and stc bank are widely used, and a rate that looks strong may carry a higher fee. Check SAMA's list of licensed providers before trying a new one.
What about my salary?
Private-sector salaries are paid through the Wage Protection System into a local account, so opening one early matters.
Common questions
Can I open a bank account on a visit visa?
Generally no. Saudi banks open personal accounts for residents with a valid Iqama.