How to Open a Riyad Bank Account in Saudi Arabia

How to Open a Riyad Bank Account in Saudi Arabia

Opening a Riyad Bank account in Saudi Arabia is now a fast and fully digital process, allowing both Saudi nationals and expatriates to get started from home. Whether you’re looking for a current account for salary transfers, everyday banking, or student needs, Riyad Bank’s online platform and mobile app make it simple and convenient.

Requirements for Opening an Account

Before you begin, have the following ready:

• Valid Iqama (for expatriates) or National ID (for Saudis)

• Active Absher account (for digital identity verification)

• Registered National Address in Saudi Arabia

• Valid mobile number (linked to your identity in NAFATH/Absher)

Step-by-Step Guide: Opening a Riyad Bank Account Online

1. Access the Online Portal or Mobile App

• Visit the [Riyad Bank online account opening page]1 or download the Riyad Mobile app.

2. Start Your Application

• Click “Open an Account.”

• Agree to the terms and conditions.

3. Verify Your Identity

• Enter your Iqama or National ID number.

• The system will prompt you to log in using your Absher credentials via the National Single Sign-On (NAFATH) system for secure verification125.

4. Complete Personal Information

• The system will automatically fetch your name and ID details.

• Manually enter:

  • Marital status

  • Place of birth

  • Education level

  • Number of dependents

  • Purpose of account (e.g., salary transfer)

  • FATCA status (usually “No” for most residents)2

5. Provide Employment and Financial Details

• Select your occupation and job sector.

• Enter your employer’s name and employment start date.

• Specify your primary income source, expected monthly deposits, and withdrawals2.

6. Confirm Address and Contact Information

• The system will fetch your registered National Address.

• Enter your home country address if you are an expatriate.

• Specify how you want your ATM card delivered (usually by courier to your registered address)25.

7. Submit and Activate Your Account

• Review and submit your application.

• Once approved, you’ll receive a temporary user number and password by SMS for digital banking access5.

• Your ATM (mada) card will be sent to your registered address.

After Account Opening: Accessing Digital Banking

• Use the temporary credentials sent by SMS to log in to Riyad Online or the Riyad Mobile app.

• Change your password and set up your digital banking profile.

• If the temporary password expires, you can reset it via ATM, online, or the app5.

Special Notes

• Student Accounts: Students can open and merge their student and current accounts using the same process and manage both through Riyad Online5.

• No Need to Visit a Branch: The entire process is digital unless you encounter issues or lack an Absher account, in which case you can submit the application online, print it, and complete the process at a branch2.

• ATM Card Delivery: Your debit card is delivered to your registered address, making the process fully remote35.

Summary Table: Riyad Bank Account Opening

In summary:

Opening a Riyad Bank account is a quick and secure online process for residents in Saudi Arabia. With your Iqama or National ID, Absher account, and National Address, you can open your account in minutes and enjoy full digital banking services, with your ATM card delivered directly to your home.