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On the occasion of SAB’s 100th anniversary, open a Business Account and benefit from exclusive offers for small and medium enterprises. The offer is valid from 26 July to 9 August 2026.

Digital channels offers

  • Local bank transfers (same-day / future-dated): SAR 5.75
  • International / foreign transfers: SAR 51.75
  • International transfers charged to the sender: SAR132.25

 

Payroll service offer

  • Local payroll transfers: SAR 3.75 per transfer

 

Variable fees for Point of Sale (POS)

  • Mada Cards: 0.60%
  • Local Credit Cards: 2.25%
  • International Credit Cards: 2.5%

 

Variable fees for online payment gateway

  • Mada Cards: 0.90%
  • Local Credit Cards: 2.25% + SAR 1.15 per transaction
  • International Credit Cards: 2.5% + SAR 1.15 per transaction

 

Virtual Accounts

  • No setup fees
  • Monthly virtual account agreement fee: SAR 143.25

 

Requirements to get the services:

  1. Open a business account
  2. Contact your Relationship Manager to sign the relevant service agreement

Terms and conditions:

  • Open a business account
  • Terms and conditions apply as per the service provided

For more details, please contact the SME Contact Center:

800 124 5666

All prices are VAT inclusive

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Islamic Bank Account for your Business

 

You can now open your business account digitally, offering a flexible and efficient way to open your account with SAB.

Start the Application

Apply Now Retrieve saved form

Account Opening Process

You can start the account opening now and save the progress to continue at your own convenience through the below 7-step process.

Now your business account can be opened much faster in the online process upon you submitting the completed application along with all required supporting documents.

  • 01

    Choose your Product

    Choose the type of account, currency and other banking services

  • 02

    Entity Information

    Add information about your business

  • 03

    Financial Information

    Add financial information and expected transaction details

  • 04

    Details of Members

    Add details of Partners,Beneficial Owners,Board Members and the Authorized Signatories

  • 05

    FACTA & CRS

    Delaration of the tax residency status for Foreign Account Tax Compliance Act(FACTA) & Common Reporting Standards(CRS)

  • 06

    Documents Upolading

    Upload documents of your Entity, Members, etc.

  • 07

    Review Application

    Review and submit the application

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After applying, you will be able to track the status of your application, as well as provide any additional documentation and communicate with the bank staff via the Customer Dashboard.

 

Additional Products/Services for your Business Account

 

Whilst applying for your business account, you will also have the opportunity to choose the banking products and services.

Features

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Free business account
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Free first cheque book
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Free online access to your account
You can refer to our Terms & Conditions below

Start the Application

Apply Now Retrieve saved form

Have a Question?

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