Opening a Current Account with Riyad Bank gives you the freedom to track your cash flows and access a range of other products and services.

• Ability to pay bills electronically in full or partially.

• Payments can be made using Riyad Bank mada Card .
• Account statement with transaction details.
• Ability to pay bills electronically in full or partially
• Electronic bill payments in part or full.

It is designed specifically to fit everyone’s requirements, from individuals to corporate.

Committed to providing our customers with the latest banking updates and procedures to help them safely manage their banking accounts and transactions.
And in line with the Saudi Central Bank guidelines, we would like to inform you that accounts will be managed according to the cases described below and related circular will be applied.

Active accounts:
Transactions are considered Active if the last financial transaction (withdrawal or deposit – depending on the nature of the relationship) executed by the customer himself, his authorized representative, or his registered heirs have not been more than twenty-four (Gregorian) months, registered or by a reliable and documented correspondence.

Dormant accounts:
Transactions are considered Dormant if they have completed a period of twenty-four (Gregorian) months starting from the date of the last financial transaction (withdrawal or deposit – depending on the nature of the relationship) made by the customer himself, his authorized representative, his registered heirs, or a reliable and documented correspondence.

Unclaimed accounts:
Transactions are considered unclaimed if they have completed a period of five (Gregorian) years, sixty months including the dormant accounts period from the date of the last financial transaction (withdrawal or deposit - depending on the nature of the relationship) carried out by the customer himself, his authorized agent, registered heirs, or a reliable and authenticated correspondence. And the bank was unable to find the customer and exhausted all means of contacting him.

Abandoned accounts whose owners have cut off from the bank:
Transactions are considered abandoned and their owner has cut off from the bank if they complete the number and time stages described in this paragraph as of the date they are classified as unclaimed accounts.  The banks were absolutely unable to infer the existence of the account holder through the movement of his accounts or other dealings with the bank, and all means of communication with him were exhausted in accordance with the communication policy and procedures.

You can open a current account online by pressing Open an Account.
Verify your personal information via the National Single Sign-On system using "ABSHER" account, and then your mada card will be delivered to your registered address.

Terms:

• Valid National Identity Number/Iqama
• Registered in Absher system for verification via the National Single Sign-On system
• The age must be 18 years old and above (in Gregorian calendar)
• Registered in the National Address