Saudi Central Bank (SAMA) announced that it has adopted the “Visitor ID” document as official proof when opening bank accounts with banks and banks operating in the Kingdom, as part of the modernization of bank account rules recently launched by the Central Bank.

As part of the modernization of bank account rules launched by the Central Bank recently.

"Visitor ID". New segments

This update aims to facilitate the opening of bank accounts for new segments of customers, especially visitors, thereby improving their experience in accessing banking services while in the Kingdom.

The Saudi Ministry of Interior is issuing Visitor ID to enable visitors to open their bank accounts, and this document can be validated through approved technical platforms, ensuring full compliance with the relevant legal requirements.

This is an important step towards enabling banks to provide more comprehensive banking services to visitors, enhancing access to banking services easily and conveniently.

This update contributes to promoting financial inclusion and supporting digital transformation in the banking sector, as it reflects the Saudi Central Bank's commitment to facilitate the procedures for opening and operating bank accounts.

This update is expected to contribute to enabling banks to offer <a href="more inclusive banking services to visitors. This measure is expected to contribute to supporting the Kingdom's Vision 2030 by improving the customer experience and increasing their participation in the digital economy.

The modernization of bank account rules comes as part of a series of periodic updates carried out by the Saudi Central Bank to align with regulatory developments in the banking sector and provide a more flexible and efficient banking environment for all groups in the Kingdom.

This measure is expected to contribute to supporting the Kingdom's Vision 2030 by improving the customer experience and increasing participation in the digital economy.