How to open a bank account in Alinma Bank

• founded in 2006, a rapidly developing Islamic bank;
• the bank opens savings (deposit) and current accounts;
• the bank opens accounts for local companies only, as well as personal accounts;
• account opening requires a personal visit of the beneficiary(ies) to Saudi Arabia;
• in general, there are no restrictions on payments to / from RF, but much may depend on the amount / destination / source of origin of funds;
• main available currencies: SAR, USD;
• no minimum account balance requirement – it is necessary to deposit at least SAR 1* into the account within 90 days after opening;
• the bank issues bank cards (both for personal and corporate accounts) and checkbooks;
• fee for transfer to a foreign bank – from SAR 50* (~ USD 13,5);
• Internet banking in English;
• account opening time: about 2-3 weeks

*Example tariffs / requirements are given, as they may ultimately differ depending on the client’s chosen program of service in the bank