A savings account from Bank Albilad is your best choice to grow your savings and plan for your future.
Bank Albilad provides you with a savings account service, which allows you to save with secure monthly returns based on the average balance and in a manner compatible with the regulations of the Shariah Committee, with the ability to open the account online through the Albilad or Albilad Net app with ease and without the need to visit the branch.
Advantages of a savings account from Bank Albilad
Opening a savings account for free
Safe monthly earnings
An investment that complies with the Shariah Committee’s regulations
The ability to open a savings account online through the Albilad app or Albilad Net without the need to visit the branch
The minimum balance to start calculating profits is 100 riyals
The possibility of obtaining an account statement on a monthly basis.
The possibility of following up the savings account through the Albilad application or Albilad Net
Quick and easy transfer from the current account to the savings account across Albilad Net, either by transferring the amount from the current account or according to prior instructions from the customer, such as:
Instructions to transfer a certain amount at a specified time to a savings account through standing orders.
Steps to open a savings account online via the Albilad app without the need to visit the branch
Log in to the country app
Choose savings from the list
Click on Apply for a new savings account, then Details
View the details and information, then click on “Apply now”
Enter the required information, then press “Next”
Savings account opened successfully
Steps to open a savings account online across the country without the need to visit the branch
Login to your account across the country
Click to request banking products
Choosing to open a savings account
Agree to the terms and conditions
The savings account has been opened successfully!
Conditions for transferring from a savings account
The transfer amount should not exceed 50% of the amount in the account (not including the profits realized from savings)
The first transfer from the savings account is 3 months after the start of the contract.
The permitted period for the second transfer is 12 months after the beginning of the contractual year.
The maximum transfer limit is one (1) withdrawal transaction for each contractual year.
In the event that the customer violates the savings plan, he will not be entitled to any profits, and the contract is considered void in this case.