What documents are required to open a bank account in Saudi Arabia?

To open a bank account in Saudi Arabia, you typically need a valid Iqama or National ID, proof of address, and sometimes proof of income or employment.

Are there bank accounts with no minimum balance requirements?

Yes, several Saudi banks offer accounts without minimum balance requirements or monthly fees.

How do cashback credit cards work?

Cashback credit cards in Saudi Arabia return a percentage of your spending as cash rewards, which can be applied to your statement or deposited into your bank account.

Can expatriates apply for credit cards in Saudi Arabia?

Yes, expatriates can apply for credit cards in Saudi Arabia, provided they meet specific income and employment criteria set by the issuing bank.

Do prepaid cards have expiration dates?

Yes, most prepaid cards in Saudi Arabia come with expiration dates, but you can typically request a replacement before they expire.

Can I reload my prepaid card online?

Many providers in Saudi Arabia offer online or mobile app options for reloading your prepaid card conveniently.

Is it safe to use digital wallets?

Yes, digital wallets in Saudi Arabia utilize advanced encryption and security measures to protect your financial information and transactions.

Banking

Saudi Arabia’s Best Banking Options for 2026

Compare the top bank accounts, credit cards (including cashback cards, airline miles cards, and reward cards), and prepaid cards from Saudi Arabia’s leading financial institutions—Al Rajhi Bank, National Commercial Bank (NCB), Riyad Bank, SABB, and STC Pay. Whether you're looking to open a new account, find a credit card with great rewards, or manage your money digitally, we help you find banking products that offer exceptional value, convenience, and benefits tailored to your needs.

Why settle for less when you can have the best? With our comprehensive comparisons, you can choose from a variety of products that cater to your specific financial goals, ensuring seamless banking experiences and optimal financial management.

Choose the Best Banking Product for Your Needs

Select the type of banking product you're looking for and compare the best accounts, cards, and wallets available in Saudi Arabia.

Deals are reviewed and rated by Giraffy's team based on value, features, and customer feedback.

How to choose the best bank account →

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Why Compare Banking Offers and Providers?

Great Value

Save money with products that offer low fees, competitive interest rates, and attractive rewards.

Flexibility

Choose accounts and cards with terms that suit your lifestyle, including flexible repayment options and customizable features.

Rewards and Benefits

Enjoy cashback offers, airline miles, and exclusive perks that enhance your spending power.

Convenience

Opt for digital wallets and online banking services that allow you to manage your finances anytime, anywhere.

Trusted Providers

Select from reputable banks known for excellent customer service and robust security measures.

Exclusive Offers

Take advantage of special promotions, such as waived fees, sign-up bonuses, and complimentary services.

What our expert says

Good news for banking customers in Saudi Arabia: there are plenty of flexible and rewarding banking products available to suit various needs and lifestyles.

Ralph Forgeon

Giraffy Co-Founder

Low or No Fees

Competitive Profit Rates

Earn While You Spend

Shariah Compliant

More information

Bank Accounts: Foundation of Your Financial Journey

Choosing the right bank account is crucial for managing your day-to-day finances effectively. Here's what to consider:

Current Accounts: Ideal for daily transactions, offering features like debit cards, checkbooks, and online banking.
- Low or No Fees: Some banks offer accounts with no monthly fees or minimum balance requirements.
- Online and Mobile Banking: Access your account anytime with user-friendly apps and online platforms.
- Additional Benefits: Overdraft facilities, reward programs, and access to exclusive deals.
Savings Accounts: Perfect for setting aside money and earning profit over time.
- Competitive Profit Rates: Look for accounts offering higher returns to grow your savings faster.
- Flexible Access: Choose between accounts that allow easy withdrawals or ones that encourage long-term saving with higher returns.
Student Accounts: Tailored for students with benefits like no fees, free debit cards, and discounts.
- Financial Education: Some banks provide resources to help students learn about managing finances.

Credit Cards: More Than Just a Payment Tool

Credit cards can offer numerous benefits beyond convenient payments:

Cashback Credit Cards:
- Earn While You Spend: Get a percentage of your purchases back as cash rewards.
- Ideal For: Everyday expenses like groceries, fuel, and dining out.
Airline Miles Credit Cards:
- Travel Rewards: Accumulate miles that can be redeemed for flights, upgrades, or hotel stays.
- Ideal For: Frequent travelers looking to save on travel expenses.
Rewards Credit Cards:
- Points System: Earn points on purchases that can be exchanged for goods, services, or discounts.
- Exclusive Offers: Access to events, promotions, and VIP experiences.
Islamic Credit Cards:
- Shariah-Compliant: Structured according to Islamic banking principles.
- Ethical Financing: Avoids interest and focuses on fees for services.

Tips for Choosing the Right Credit Card:

Assess Your Spending Habits: Choose a card that offers rewards aligned with your expenses.
Understand Fees and Charges: Be aware of annual fees, profit rates, and any other charges.
Check Eligibility Requirements: Ensure you meet income and credit history criteria.

Prepaid Cards: Control and Convenience

Prepaid cards are a great tool for budgeting and secure transactions:

No Credit Check Required: Easily accessible without the need for a credit history.
Spending Control: Load only the amount you wish to spend, helping manage expenses.
Travel-Friendly: Use internationally without worrying about exchange rates or carrying cash.
Online Purchases: Ideal for secure online shopping.

Digital Wallets: Banking at Your Fingertips

Embrace the future of banking with digital wallets:

Convenience: Make payments, transfer money, and manage accounts through your smartphone.
Security: Advanced encryption and biometric authentication protect your transactions.
Integration: Connect multiple bank accounts and cards for streamlined management.
Additional Features: Pay bills, recharge mobile phones, and access exclusive promotions.

Popular Digital Wallets in Saudi Arabia:

Apple Pay: Widely accepted, integrates with Apple devices for seamless payments.
STC Pay: Offers a range of services, including international transfers and bill payments.
Mada Pay: A local solution supporting Mada cards, ensuring broad acceptance.

Check Provider Offerings Before Making a Decision

Before choosing a banking product, consider the following:

Provider Reputation: Opt for banks with strong customer service and reliability.
Product Features: Ensure the product offers the features and benefits important to you.
Fees and Charges: Be aware of any associated costs, such as annual fees, transaction fees, or minimum balance requirements.
Accessibility: Consider the availability of ATMs, branches, and online services.
Security Measures: Look for providers with robust security protocols to protect your finances.

Additional Ways to Maximize Benefits

Promotional Offers: Keep an eye out for sign-up bonuses, such as bonus points, cashback, or waived fees.
Bundling Services: Some banks offer better rates or perks when you use multiple products, like combining your bank account with a credit card.
Loyalty Programs: Participate in loyalty schemes to earn additional rewards.
Regular Reviews: Periodically review your banking products to ensure they still meet your needs.

Final Tips for Choosing the Right Banking Product

Prioritize Your Needs: Determine what's most important—be it rewards, low fees, or digital convenience.
Compare Offers: Use our comparison tools to evaluate different products side by side.
Read the Fine Print: Understand all terms and conditions, including any fees, charges, or limitations.
Seek Advice: Don't hesitate to contact bank representatives or financial advisors for clarification.

Saudi Arabia’s Best Banking Options for 2026

Choose the Best Banking Product for Your Needs

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Why Compare Banking Offers and Providers?

Great Value

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Convenience

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Exclusive Offers

Become an Expert, Read our Banking Guides

Overview of Banking in Saudi Arabia

Who Can Open a Bank Account in Saudi Arabia?

Importance of Choosing the Right Bank

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