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Riyad Collect

Riyad Bank provides solutions for companies to facilitate the collection of school fees for customers through digital channels that deposit fees in the customer's Riyad Collect account. 

  • Customer notification upon completion of operations
  • Eliminates the need to use traditional channels in financial transactions
  • Saves time and avoids discrepancies or underpayment/overpayment collections
  • Simplifies the reconciliation process


More Information

Riyad Collect integrates with the corporate customer system to provide quick processing for collecting and accessing bank account information

  • Automate collections using virtual account numbers

  • Facilitation of collection processes

Obtaining the balance sheet by coordinating the MT940

Please contact your relationship manager to apply and for more details

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