Student Bank Accounts: Who Qualifies and What You Get
University students in Saudi Arabia can access bank accounts with no fees and basic debit cards to help manage their finances easily.
Student Bank Accounts allow university students to manage their money through specialized accounts offered by commercial banks.
Who it's for
This scheme is specifically for individuals who are currently enrolled as university students.
What you get
You can open an account that has zero fees for standard services. These accounts also come with a basic debit card to help you handle everyday transactions.
What it costs you
There is no monetary cost to open these accounts, but you will need to provide an official enrollment letter from your university to prove your student status.
The catch to know
Your student status is not permanent in the eyes of the bank. You must provide a new enrollment letter every year to keep the account features active.
How to apply
- Visit a branch of a commercial bank or use their digital banking app.
- Provide your national ID and proof of student status.
- Submit your official university enrollment letter.
- Follow the bank's instructions to activate your new debit card.