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Al-Rajhi Online Banking: How To Open A New Bank Account

BusinessAl-Rajhi Online Banking: How To Open A New Bank Account

Al-Rajhi Bank is one of the largest banks in Saudi Arabia, offering various bank services like investment, deposits, and credit cards according to Islamic requirements. 

The bank now allows its customers to open new accounts online from the comfort of their homes. There are a few requirements you need, and the process is user-friendly. Let’s examine the steps to open a new current or savings account. At that same time, online banking is also growing elsewhere, such as Al Ahli Bank, allowing you to update your iqama.

What Documents Are Required to Open a New Account?

  • Valid Iqama 
  • Saudi Mobile Number
  • Nafath Registration
  • Valid Nation Address Registration  
  • Email Address
  • Age requirement ( must be 15 or older)

Opening an Al-Rajhi Bank Account Via Mobile App

Download the AlRajhi mobile app from the App Store; it will ask for registration to verify your account. Once your account is verified, you can manage your finances online without visiting the bank or standing in long queues. Here is a step-by-step guide to make your registration process easy.

  1. Start by downloading the AlRajhi Mobile app from the App Store (ios devices) or Google Play Store (Android devices)
  2.  Launch the app, click New Account, and agree to the terms and conditions. 
  3.  Enter Iqama details and Mobile phone number.
  4.  Enter the verification code sent via SMS to verify your identity.
  5.  Enter your employment details, which include your profession, income source, and monthly income.
  6.  Enter your personal information, such as family name and place of birth. 
  7.  Provide FATCA and CRS information.
  8.  Set a username and password for online banking and enter your email address.
  9.  You will receive your account number and IBAN via SMS.
Al Rajhi Bank Account Opening Via App Step-1.
Al Rajhi Bank Account Opening Via App Step-1.
Al Rajhi Bank Account Opening Via App Step-2.
Al Rajhi Bank Account Opening Via App Step-2.
Al Rajhi Bank Account Opening Via App Step-3.
Al Rajhi Bank Account Opening Via App Step-3.
Al Rajhi Bank Account Opening Via App Step-4.
Al Rajhi Bank Account Opening Via App Step-4.

Your online Al Rajhi account setup has been completed successfully. Congratulations! You can visit any of their branches to collect your ATM free of cost or order it through the app.

Al Rajhi Bank Account Opening Via App Step-5.
Al Rajhi Bank Account Opening Via App Step-5

How to Activate Your New Mada Card

  1. Login to your AlRajhi App.
  2. From the “cards” list, choose the “card activation” icon.
  3. Enter the PIN of your choice, and re-enter the PIN to confirm.
  4. When you enter the PIN, the card will be activated.

Does The Al Rajhi App Approve Loans

You can apply for personal financing on an app up to SAR 2 Million. Early settlement plans are available at any time upon the customer’s request.

How to Activate Beneficiaries Online

Click on the “Transfer” button and select the type of beneficiary, local or International. Enter the amo