Minimum Salary Salary Transfer Islamic Finance Cashback Annual Fee Rate
The Saudi Investment Bank - Gold Mada Debit Card The Saudi Investment Bank - Gold Mada Debit Card Minimum Salary: SAR 0 Salary Transfer: No Islamic Finance: Yes Cashback: No Annual Fee: SAR 0 Rate: 0%
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Your mada Gold Debit Card from The Saudi Investment Bank is one of the best choices for accountholders to satisfy their financial needs and perform their daily transactions in a smooth yet secure manner. Enjoy greater security with the latest Chip-and-PIN technology, allowing you to use your card safely at millions of retail outlets and ATMs worldwide.

Cash is your past… your mada Gold Debit Card from The Saudi Investment Bank is the future.

  • Globally accepted
  • US Dollar cash withdrawal
  • Increase your PoS daily purchase limit
  • Avail of “Aseel” program discounts
  • WooW points for every transaction
  • Chip-and-PIN card safety feature
  • Online access to view your card account
  • SMS notification for each transaction
  • A replacement card wherever you are
  • Customer service around the clock
Additional Information
Required Documents:
  • A filled out SAIB account opening application booklet
  • Valid identity document
  • Valid ID Card (for Saudis: ID or Family Record. For Non-Saudis: Iqama)
  • Customer has to have a bank account in The Saudi Investment Bank or opening a new account if he/she does not have one with depositing the requested amount of money to obtain the Gold
  • Minimum Age of 18 years except for Saudi citizens holding a valid ID Card wherein the minimum age is 15 years
Fees & Charges: The bank will issue mada card when opening a new account and renewing card free of charge in accordance to SAMA’s rules and regulations
  • Card Issuance: Free
  • Card Renewal: Free
  • Reissuance (Lost/Stolen): SR 30
  • Additional mada Debit Cards from The Saudi Investment Bank issuance: SR 30
  • International Cash Withdrawal: SR 25+2.25% (OIF)
  • Balance Inquiry GCC NET: SR 3
  • Cash Withdrawal GCC NET: SR 10
  • Balance Inquiry outside the kingdom and GCC: SR 4
  • POS Purchase outside the kingdom: SR 2.25% (OIF)
Representative Example
If you spend SAR 1,200 at a purchase interest rate of 18.9% (variable) your representative APR will be 18.9% (variable).
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