Minimum Salary Salary Transfer Islamic Finance Cashback Annual Fee Rate
The Saudi Investment Bank - Gold Mada Debit Card The Saudi Investment Bank - Gold 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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SAIB is offering The Gold mada Debit Card from The Saudi Investment Bank to be one of the best choices for our customers to satisfy their financial needs. Not only this but also, The Gold mada Debit Card from The Saudi Investment Bank has plenty of advantages and rewards programs that fits and meets our customer’s future vision.
Features
  • Free checkbook
  • Loyalty program (WOOW)
  • Utility bills payment
  • Competitive foreign currencies exchange rate
  • Special offers from some merchants (Aseel loyalty program)
Additional Information
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)
Eligibility:
  • 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 Gold
  • Minimum Age of 18 years except for Saudi citizens holding a valid ID Card wherein the minimum age is 15 years
Fees & Charges: The bank will issue mada card when opening a new account and renewing card free of charge in accordance to SAMA’s rules and regulations
  • 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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