In this digital world, online banking is the smart option that caters to the financial needs of everyone. Riyad Bank is a prominent online banking platform that offers different solutions that provide comfort to customers. Moreover, it was founded in 1957 and attracts millions of customers with its innovative banking in the UAE. The commitment of Riyad Bank to financial consultation and banking services enhances everyone’s experience. Furthermore, you can also benefit from the RiyadMobile App and online banking. In this blog, we will discuss the services, branches, and account opening of Riyad Bank in the UAE.
Riyad Bank Account Types
| 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
Corporate Banking Solutions
Riyad Bank allows companies in the UAE to experience different business accounts that help to manage their transactions. Moreover, in this bank, you can also avail of the option of services like trade finance, business loans, and financing.
Investment and Wealth Management
If you choose this online banking platform, you can avail investment funds and financing options by following Islamic principles. Moreover, Riyad Bank offers wealth management services to customers that allow them to focus on financial growth.
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. |
Opening a Bank Account at Riyad Bank: How to Do It
Mobile App
If you are aiming to create an account with Riyad Bank then the most convenient way is their mobile app.
Download the Riyad Bank Mobile App: Simply open the Apple or Google Play Store and search for “Riyad Bank”. Check and choose the original one and install it on your mobile.
Start the Account Opening Process: After installing, you need to open the app and look for the “Open an Account” section, and click on it.
Select the Account Type: Now choose the account that you want to create with Riyad Bank like savings, current, or salary account.
Fill in Your Personal Details: When you choose the account, now you have to enter your personal details. Moreover, here you need to enter your Full Name, contact information, Emirates ID Number, and Date of Birth.
Upload Required Documents: In this step, simply upload your documents like Emirate ID, Proof of Address, and selfie verification.
Agree to Terms and Conditions: After uploading the documents, you need to accept the bank’s terms and conditions.
Submit Your Application: When all the information is completed and documents are uploaded then simply submit your application. Moreover, you can receive an instant confirmation message or an email that ensures your application is processed.
Start Using Your Account: At last, when your account is activated, you can use the Riyad Bank Online update Mobile app to access all banking features.
FAQs
What is the minimum balance requirement for a Riyad Bank savings account for customers?
If you want to create a savings account the minimum balance required is around AED 1,000 to AED 3,000.
Can I apply for a Riyad Bank loan in the UAE?
Yes, you can easily apply for a loan by using Riyad Bank’s website or mobile app in the UAE.
Tell me the reason why it is important to create an account with the Riyad Bank?
If you create an account with Riyad Bank, you can access services like wealth management, online banking, the RiyadMobile App, and more.
Which documents are essential to create an account with Riyad Bank online in the UAE?
If you are willing to create an account with Riyad Bank then upload your Emirates ID, passport, and proof of Address.
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