Dependent Account
It is an electronic service that allows the existing customers (parents only) to open a current account for his children with limited privileges using the alrajhi bank app. The age of eligibility is from the date of birth till the age of 15.
Benefits of a dependent account
- The possibility of determining the amount to be deducted for the beneficiary with ease
- Issuance of an ATM card
- Domestic deposit and transfer.
- Pay bills.
- Payment via POS and online.
- To register and activate in the Mubasher service.
Requirements to issue a dependent account
- Have an existing checking account
FAQ
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How can I open a dependent account?
- You can open a dependent account using the alrajhi bank digital app
- Yes, you can open more than one account using
- Yes, a mada ATM card can be issued through self-service machines.
- No, you can’t conduct international transfer
- No, the dependent will not be able to request all financing services.
- The dependent account service is free of charge and without administrative fees.
- Dependent account can be opened through Al Rajhi Bank App or visiting nearest Alrajhi Bank Branch
Can you open more than one account for all dependents?
Can I issue a mada card for the dependent?
Can you conduct international transfers?
Can the dependent apply for financing products such as credit cards and all financing services?
Fees
How to open an account