Banks in Saudi Arabia offer a wide variety of services for personal and business needs. Some key features include:
Debit Cards: Access to ATMs for cash withdrawals and purchases.
Mobile and Online Banking: Convenient banking from your phone or computer.
International Transfers: Options to send money abroad.
Islamic Banking Products: Financial products that follow Islamic principles.
Traditional Services: Services like cheque books are still available.
Digital Payment Solutions: Options like Apple Pay and STC Pay for easy payments.
Understanding these features can help you choose the right bank and use its services to manage your finances more effectively and conveniently.
Debit Cards and ATM Access
Debit cards are commonly provided by Saudi banks when you open a current or savings account, giving you access to make purchases, withdraw cash, and manage your finances on the go.
ATMs are widely available across the Kingdom, and most banks offer free withdrawals at their own ATMs, though fees may apply when using other banks’ ATMs or for international transactions.
How to Get and Use Your Debit Card
Getting a Debit Card
When you open an account at most Saudi banks, you will automatically receive a debit card.
You can get your card either by mail or by picking it up at a branch.
To activate your card, you can usually do it through online banking, at an ATM, or by phone, which gives you immediate access to your account funds.
Using Your Debit Card
Debit cards are widely accepted in Saudi Arabia for:
In-store purchases
Online shopping
ATM withdrawals
Since your debit card is linked directly to your current or savings account, it makes it easy to access your money and complete transactions both locally and internationally.
ATM Access and Withdrawal Limits in Saudi Arabia
Domestic ATM Access
Most banks allow free withdrawals at their own ATMs.
Using an ATM from a different bank may incur a small fee, which varies by bank and location.
Withdrawal Limits
Daily withdrawal limits typically range from SAR 3,000 to SAR 5,000, depending on the bank.
Some banks may allow you to request a higher limit if needed, providing flexibility for larger cash withdrawals.
International ATM Withdrawals
Fees for withdrawing cash from international ATMs are generally higher.
These fees often include both a fixed fee and a percentage of the transaction amount.
It’s advisable to check with your bank regarding specific fees and limits before traveling abroad.
»COMPARE: Compare Bank Accounts