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Current Account

Running your business effectively at a glance, whilst meeting your everyday banking needs in a flexible manner.
Riyad Bank Current Account for businesses ensures all payments and incoming funds are tracked and monitored without any hassle.

  • Free cheque book
  • Free Internet Banking
  • Easy access to your funds
  • Alert notifications
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More Information:

Riyad Bank Current Account has many uses and is the gateway product to a full range of other banking services we have to offer.

The current account has been designed to provide you with a product or mechanism which will assist you in managing your organization’s finances by allowing you instant access to make payments, monitor, and track funds whilst managing a host of other banking services that are available for you.

  • Easy to monitor transactions
  • Free access to Riyad Online
  • Free alert notifications
  • Keeps your cash safe and secure
  • Available to all Riyad Bank customers

  1. Fill the online form

  2. Print the form

  3. Visit the nearest Riyad Bank branch to validate the customer signature and complete the process of account opening

Then, Corporate Banking Customer Service will provide the customer with the Account Number after reviewing the documents and making sure everything has met the requirements.

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Running your business effectively at a glance, whilst meeting your everyday banking needs in a flexible manner. 
Riyad Bank Current Account for businesses ensures all payments and incoming funds are tracked and monitored without any hassle.
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Existing or New Riyad Bank Client
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Type Of Relationship
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  • Mada transactions : if the TXN < 100 SAR the fee will be 0.70%, If the TXN >= 100 SAR the fee will be 0.80 % Cap 160 SAR.
  • Visa , MasterCard , UPI transactions : 2.50%
  • GCCNet transactions : 1.50% Cap 80 SAR
Services
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Cardholder information
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  • Card fees = 100 SR
  • Service monthly fee = 50 SR
  • Reissue of PIN = 15 SR
Service Details
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  • Set up fees = 10000 SR
  • Monthly Maintenance fees = 500 SR
  • Fee per user = 100 SR
  • Fee per transaction = 2 SR
  • Visa/Mastercard Service Charge = 4.25%
  • Refund Fee = 3 SR
  • Charge Back Fee = Free of Charge
  • Fail Transaction Fee = Free of Charge
Service Details
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Type of Authorization
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  • Card fees = 100 SR
  • Service charges for each transfer:
    • Riyad Bank Accounts = 0
    • Local Bank Accounts = 7 SAR
    • Global Bank Accounts = 80 SAR
  • Services charges per MyPay card
    • Recurring fees (Monthly) = 0
    • Reissue of card = 50 SAR
    • Iqama verification fee
Purpose of payment
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  • Service setup fees = 5000 SR
  • Service charges for each transfer:
    • Local Bank Accounts = 7 SAR
      • Same Day fees = 7 SR
      • Future day fees = 5 SR
  • Global Bank Accounts = 80 SAR
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  • Card issue = 1000 SAR
  • Annual fee = 300 SAR
I read and accept Terms & Conditions
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