Opening New Account with Al Rajhi Bank
Al Rajhi Bank, one of the top banks in Saudi Arabia, with a vast network of branches and ATMs, making it a preferred choice for expatriates. Opening an account with Al Rajhi Bank is now simplified, allowing you to complete the process from the comfort of your home or office. Since most services are available online and through kiosks, there’s no need to visit any branches. This article will guide you through the steps of opening a new account with Al Rajhi Bank online. Let’s get started.
Benefits Banking with Al Rajhi Bank for Expatriates
Here are the 10 benefits for banking with Al Rajhi bank as an expatriate in Saudi Arabia.
- Vast network of branches and ATMs for convenient access to banking services.
- Specialized remittance services through Tahweel Al Rajhi for easy money transfers.
- Dedicated online banking platform for quick and efficient transactions.
- Multilingual customer support to assist expatriates in their preferred language.
- Sharia-compliant banking services in line with Islamic principles.
- Competitive exchange rates for foreign currency transactions.
- Access to a wide range of banking products tailored to expatriate needs.
- Convenient account opening process, including online options.
- Secure banking environment with advanced security features.
- Regular promotions and offers for customers.
Requirements for New Account Opening
To open an account with Al Rajhi Bank in Saudi Arabia as an expatriate, you need to fulfill the following requirements:
- Valid Iqama (Residence Permit)
- Saudi mobile number (check your mobile numbers)
- Nafath Registration
- National Address Registration
- Email Address
- You must be atleast 15 years old.
If you meet the above requirements, the process of opening a new account at Al Rajhi Bank is simple. Here is the step-by-step process:
How to Open an Account with Al Rajhi Bank
Opening a new account with Al Rajhi Bank has been simplified, and you can do so by using their mobile application, “AlRajhi Mobile.” Here are the simple steps you need to follow to open an account with Al Rajhi Bank using their mobile app.
- Download the AlRajhi Mobile App from the App Store or Google Play
- Open the app and click on the “Sign Up” option from the main screen.
- Select the option “Open New Account.”
- Enter your mobile phone number and Iqama number; then check the agreement box and click on the “Confirm” button.
- Enter a verification code received on your mobile to continue.
- Choose your profession and income source, and enter your monthly income.
- Verify your identity using your Nafath account.
- Enter your personal information, such as your grandfather’s name, family name, and place of birth.
- Provide FATCA and CRS Information (Indicate if you are a U.S. citizen or tax resident by selecting “Yes” or “No.” Also indicate if you are a tax resident in any country outside of Saudi Arabia or the U.S. by selecting “Yes” or “No.”)
- Set a username and password for online banking (Al Mubasher Retail), and also set a 4 digit PIN for digital debit card.
- Done! you have successfully opened a new account with Al Rajhi, you should see your Account number, IBAN on the screen.
How to Activate Your New Al Rajhi Bank Account
Once you have successfully opened a new account online, you need to activate it to be able to transact. Here are the steps you need to follow:
- Open the Al Rajhi Mobile App.
- Log in to the app.
- You will receive a verification call from the bank. Once you successfully enter the details asked in the call, your account will be activated instantly.
How to Print Your Al Rajhi Debit Card (Mada Card)
Unlike before, you now don’t need to visit branches or wait for a courier to get your new ATM card. You can easily print your Mada Card at your nearest Al Rajhi Bank Self Service Kiosk. Here are the steps you need to follow to print your Mada card:
- Go to your nearest Al Rajhi Bank Kiosk.
- Select English.
- Select the “Print Al Rajhi Bank Mada Card” option.
- Enter your Iqama number and click on the “Confirm” button.
- Enter the verification code received on your mobile number and click the “Continue” button.
- Select how you want your name to be printed on your card; you will have 4 choices, select one.
- Place your index finger on the fingerprint scanner of the machine to verify your identity.
- Once your fingerprint is verified, your Mada card printing will start, and you will see the printing progress on the screen from 1% to 100%.
- Once the card printing is finished, you can take it.
How to Activate Your Al Rajhi Bank Mada Card
Once you get the new card from the kiosk, you need to activate it for use. You can activate your new Mada card by inserting it into any of Al Rajhi Bank’s ATM machines and selecting any transaction. You will be asked to set a new four-digit PIN, and by doing so, your card will be instantly activated.
I hope you now understand how to open a new account with Al Rajhi Bank using their digital channels, as well as how to print and activate your ATM card. Following these steps will allow you to quickly and easily access the full range of banking services that Al Rajhi Bank offers, right from your fingertips.
Related articles:
- How to Update Renewed Iqama on Al Rajhi Bank Online
- How to Register for Al Rajhi Internet Banking (Al Mubasher)
- Procedure to Activate Aman Al Rajhi App
- How to Apply for a Credit Card in Saudi Arabia
- How to Renew and Issue Al Rajhi ATM Cards Through Kiosks