Minimum Balance Required Currencies Features
Saudi Investment Bank - AlAsalah Current Account Saudi Investment Bank - AlAsalah Current Account Minimum Balance: SAR 0 Currencies: GBP, USD, EUR Features: Multiple Currencies, Free Cheque Book
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Settlement of bills and payments through SADAD and ability to transfer funds locally and internationally 

Feature & Benefits:
  • Available in Saudi Riyals or other major currencies approved by SAIB.
  • Free cheque-books for Saudi Riyal accounts
  • Choice of statement frequency (i.e. monthly, quarterly, half-yearly or yearly)
  • Free Debit card
  • Settlement of bills and payments
  • Free access to your account through multiple channels
  • No minimum deposit required to open  the account

  • Age:
    • 18 years.
    • 15 years for Saudis holding a valid ID card
  • Nationality:
    • Saudis
    • GCC citizens with valid passport, or national identity card (applicable only to citizens of Bahrain, Oman, Qatar and UAE), and proof of address in the Kingdom (evidenced by a utility bill, house rental contract, real estate title deed, or a letter from a Saudi citizen attesting to the GCC citizen’s address) along with their home country address
    • Non-Saudis (and Non-GCC) holding a valid residency permit (Iqama)

Documents Required:
  • A filled out SAIB account opening application booklet
  • Valid identity document
meem - Currencies Card
Minimum Balance Required