Banking and Managing Money in Saudi Arabia: A Complete Guide for Expats
Banking and Managing Money in Saudi Arabia: A Complete Guide for Expats Moving to a new country comes with many challenges—and one of the most important is how to manage your money. Whether you’re working in Saudi Arabia or relocating with family, understanding the banking system can help you stay financially secure and avoid unnecessary stress. This guide covers everything an expat needs to know: how to open a bank account, send money home, use ATMs, deal with mobile banking, and handle everyday financial matters with ease. --- 🏦 Types of Banks in Saudi Arabia Saudi Arabia has a modern and well-regulated banking sector. You’ll find both local and international banks offering a range of services, including savings accounts, salary accounts, investment services, and Islamic banking products. Popular Banks Among Expats: Al Rajhi Bank – One of the largest Islamic banks in the world National Commercial Bank (NCB / SNB) – Popular for salary accounts Riyad Bank – Kno...