In this fast-paced world, online banking is a reliable option to manage the finances of individuals and businesses. Riyad is one of the leading online banks that offers a wide range of banking services in the UAE. It was established in 1957 and offers quick and safe banking solutions without visiting a branch. Furthermore, the dedication of Riyad online banking to innovation sets its trusted reputation in this vibrant country. In this detailed blog, we will try to explore top services and the account opening process with Riyad Bank.
Riyad Bank
|
Account Type |
Account Opening Fee | Monthly Maintenance Fee | Minimum Balance Requirement | Overdraft Charges |
| Current Account | Free | AED 20 – AED 50 | AED 1,000 – AED 5,000 |
AED 100 – AED 150/day |
|
Savings Account |
Free | AED 15 – AED 30 | AED 500 – AED 1,000 | AED 50 – AED 100/day |
| Fixed Deposit Account | Free | None | AED 5,000 – AED 50,000 |
Not Applicable |
|
Business Account |
Free | AED 50 – AED 100 | AED 5,000 – AED 10,000 | AED 200 – AED 300/day |
| Salary Account | Free | None | No Minimum Balance Required |
AED 50 – AED 100/day |
Services Offered by Riyad Bank
Digital Payment Solutions
Riyad Bank allows you to make safer and faster transactions with the help of your smartphone. Moreover, in this leading institution, customers can also avail the option of online payment solutions for businesses operating in the UAE.
Online and Mobile Banking
If you choose RiyadOnline banking it allows you to transfer your money internationally and locally within the UAE. Furthermore, the bank also allows customers to use their RiyadMobile App to access account balances and view transaction history. This digital bank provides the option to pay your utility bills and government fees without any hassle.
Riyad Bank Branches in the UAE
|
Branch Location |
Address | Operating Hours | Key Features |
| Dubai | Sheikh Zayed Road, Dubai, UAE | 9:00 AM – 5:00 PM |
Full-service branch with ATM, customer support, and consultation services. |
|
Abu Dhabi |
Khalifa Street, Abu Dhabi, UAE | 9:00 AM – 5:00 PM | Offers personal banking services, advisory services, and wealth management. |
| Sharjah | Al Majaz, Sharjah, UAE | 9:00 AM – 5:00 PM |
Specializes in business banking and corporate services. |
|
Al Ain |
Near Al Ain Mall, Al Ain, UAE | 9:00 AM – 5:00 PM |
Provides personal banking, small business accounts, and loan services. |
How to Open a Bank Account with Riyad Bank
Online
If someone is willing to create Riyad Bank Open account Online then their website is a reliable method.
Visit the Riyad Bank Website: For Riyad Bank account opening purposes, you need to visit their official website which is the Riyad Bank UAE website.
Start the Online Registration Process: After accessing the website, you need to click on “Open a New Account or Apply Now”. Furthermore, you will be redirected where you enter Emirates ID number and registered mobile number for the identity verification.
Complete the Personal Information: In this step, you have to provide your personal details like name, contact information, address, nationality, and Date of Birth.
Upload Required Documents: Moreover, here you have to upload scanned copies of documents like Emirates ID, passport, and other documents like salary certificate.
Select the Account Type: After that, here you have to choose the type of account that you wish to open. Furthermore, you need to select an account from available options, whether it is a savings, current, or salary account.
Complete the Digital Verification Process: After choosing an account when your application is submitted, Riyad Bank will conduct your video verification. When your verification is successfully done, you can receive an email or SMS that confirms your new account is open.
Activating Online Banking: At last, when your account is created, you can receive your account number and online banking credentials.
FAQs
Can I close a Riyad Bank online account in the UAE?
No, you cannot close a Riyad Bank online account in the UAE due to security and verification procedures.
What are the methods to check account balances with Riyad Bank online in the UAE?
If you are willing to check your account balance online, you can use the Riyad Bank mobile app and online banking.
Explain the reason why it is important to create an account with the Riyad Bank?
If any customer creates an account with Riyad Bank he can avail of digital banking solutions through their website. Moreover, their website is Riyad Bank UAE website.
Which essential documents are required to create an account with Riyad Bank online?
If you are aiming to create an account with Riyad Bank online then you must have scan copies of Emirate ID, passport, and salary certificate.
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