Business Pioneers Mada Card
Breadcrumb
Business Pioneers Mada Card
Accounts & Cards
Mada SME card, is designed to fit your business’s banking needs
Features:
- Worldwide acceptance: at over 35 million merchants and 2 million ATMs around the world
- Priceless Arabia: a unique collection of experiences especially curated for Riyad Bank Mada SME cardholders. To view the list of offers, please click here
- atheer service: You can use this service to pay for low value purchases of up to SAR 100 per purchase by just taping or passing your card over the POS machine without the need of entering the PIN
Online Shopping:
- You can use Mada card for online shopping on websites that accept Mada and MasterCard. The transaction will be deducted directly from the Current Account
- To check out simply use the card’s information such as: the card number, the name as printed on the card, the expiry date and the CVC code (a 3-digit number located on the back of the card)
- To authenticate the purchase transaction, a security code will be sent to the mobile number registered with the bank
- This service is free of charge for transactions in Saudi Riyal. As for foreign currencies, fees will be calculated as follows
- Private Banking customers: 1.50%
- Diamond Banking customers: 1.50%
- Golden Banking customers: 1.75%
- Silver Banking customers: 2.00%
- Other customers: 2.50%
- The service is automatically activated for all Mada cards with a MasterCard logo, you can cancel the online purchase service from Riyad Online.
- The limit of use for online purchases is the same as daily usage limit through points of sale. You can modify the daily limit via Riyad Online or through the Bank's ATMs or by calling Riyad Line
Atheer Service
You can use this service to pay for low value purchases of up to SAR 300 per purchase by just taping or passing your card over the POS machine without the need of entering the PIN, as you may perform more than one transaction is allowed with the required cumulative limit of 300 SAR only, regardless of the number of transactions. In case that the transactions exceed the required limit of 300 SAR, the cardholder will be required to enter the password for each transaction for safety purposes.
"Atheer" Service Features:
- Service applies to cumulative values up to SAR 300 regardless of the number of transactions. For security purpose, after reaching SAR 300, the next transaction will be made by inserting the card and entering your PIN
- Atheer transactions will be included in the monthly credit card statement
-
Look for the “Atheer” reader on the point-of-sale terminal
-
Tap your card against the reader
-
Wait for the beep sound or green light which indicates the completion of the transaction
-
Choose accounts and cards
-
Mada card
-
Stop Atheer service
Automated Callback
Automated Callback service from Riyad Bank enable you to reactivate your Mada cards passwords after the card being frozen due to re-entering the wrong password.How to reactivate your password through Automated Callback:
-
You will receive the auto call
-
Once you answer the call, you will need to enter the IVR PIN
-
You will be asked to reset the PIN
-
Auto call will ask “Do you want to change the password?”
-
Once you select change the PIN, new password will be announced
-
Re-enter the PIN to confirm
-
Password has been successfully changed
“Naqd” Service
It enables the cardholder to withdraw cash at a participating merchant when paying by their Mada card. The cash amount will then be deducted directly from your bank account along with the purchase amount.“Naqd” Service Features:
- You can benefit from the service when using your Mada card to pay the purchase amount at merchants who provide the service
- The minimum value of cash is SAR 1 and the maximum value is SAR 400 per day
- There is no maximum number of transactions per day on which cash could be requested
- The service is available for all Mada cards
- This service is free of charge
Fees & Charges
Free
Silver banking: 2.00%
Golden banking: 1.75%
Private banking: 1.50%