Minimum Salary Salary Transfer Islamic Finance Cashback Annual Fee Rate
The Saudi Investment Bank - Platinum Mada Debit Card The Saudi Investment Bank - Platinum 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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Because we are always, in the Saudi Investment Bank, looking forward to offer you the best of our services and products that fits with the needs of our valuable customer; Therefore, we have designed the Platinum mada Debit Card from The Saudi Investment Bank with some significant benefits such as, Aseel loyalty program and WOOW rewards to satisfy the daily needs of our Platinum segment.
  • Loyalty Program (WOOW)
  • Free Checkbook
  • Utility bills payment
  • Competitive foreign currencies exchange rate
  • Special offers from some merchants (Aseel loyalty program)
  • Offering the Cardholder medical &/or legal assistance
  • Increasing daily limit for POS
Additional Information
  • 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 Platinum mada Debit Card from The Saudi Investment Bank
  • Minimum Age of 18 years except for Saudi citizens holding a valid ID Card wherein the minimum age is 15 years
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)
Fees & Charges:
  • 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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