Al Rajhi Bank review
Updated October 12, 2026 · VaultCue Editorial Team
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Our verdict
Al Rajhi Bank offers everyday accounts centred on an open access option with deposits and withdrawals on demand and a monthly drawing feature. It suits people who value flexible availability plus direct straightforward support across phone, email and help centre.
Key facts
- Best for
- Flexible everyday funds with open availability
- Legal entity
- Al Rajhi Banking & Investment Corp. (Saudi Joint Stock Company), C.R. No. 1010000096↗
- Headquarters
- Saudi Arabia↗
- Founded
- 1957↗
- Support channels
- Phone, Email, Help-centre↗
- Official website
- alrajhibank.com.sa
Savings
- Headline rate
- 2.4% to 3.6%↗
- Rate type
- Variable↗
- Minimum deposit
- SAR 5,000↗
- Access terms
- Hassad Account: monthly-drawing, deposits and withdrawals on demand, unlimited withdrawals per month, 60% profit-sharing ratio↗
- Account kind
- Easy access↗
Facts checked September 26, 2026, 4 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros
Pros
- Provides everyday account with deposits and withdrawals available as needed
- Includes monthly draw supported through phone email and help centre
- Offers open access banking centred on flexible everyday management
Who it suits
- People seeking flexible everyday fund management
- Savers preferring reachable deposits and withdrawals
How Al Rajhi Bank compares
Where Al Rajhi Bank is available
- Available
- Saudi Arabia
- Licence in Saudi Arabia
- Saudi Central Bank (1010000096), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What kind of everyday account does Al Rajhi Bank offer?+
Al Rajhi Bank provides an easy access everyday account known as Hassad Account. It allows deposits and withdrawals on demand with a monthly drawing element. The structure supports flexible management of everyday funds.
How does access to deposited funds work?+
Deposits stay reachable and withdrawals can be made whenever needed. The account keeps funds available for daily use. This approach helps people handle spending and short term needs with flexibility.
Who is the Hassad Account designed for?+
Hassad Account suits people who prefer flexible availability alongside a monthly draw. It fits those who want deposits and withdrawals as needed. It appeals to savers who value flexibility in everyday fund management.
Which company operates Al Rajhi Bank?+
Al Rajhi Bank is operated by Al Rajhi Banking & Investment Corp. (Saudi Joint Stock Company), C.R. No. 1010000096. (Source, checked September 26, 2026)
Where is Al Rajhi Bank based?+
Al Rajhi Bank is based in Saudi Arabia. (Source, checked September 26, 2026)
When was Al Rajhi Bank founded?+
Al Rajhi Bank was founded in 1957. (Source, checked September 26, 2026)
How can I contact Al Rajhi Bank support?+
Al Rajhi Bank offers support through Phone, Email, Help-centre. (Source, checked September 26, 2026)
Sources
- alrajhibank.com.sa checked September 26, 2026
Backs: Headquarters, Licences
“official address in Riyadh”
- alrajhibank.com.sa/en/Personal/Accounts checked September 26, 2026
Backs: Access terms, Legal entity, Support channels
“Hassad Account - It is a savings account that is Mudaraba-centric. It is compliant with the provisions of Islamic Sharia where the bank allows the customer the flexibility in withdrawing and...”
- alrajhibank.com.sa/Personal/Financing-and-Savings-product... checked September 26, 2026
Backs: Account kind, Headline rate, Minimum deposit, Rate type
- en.wikipedia.org/wiki/Al_Rajhi_Bank checked September 26, 2026
Backs: Founded
“Alrajhi Bank was founded in 1957”
Compiled from 4 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Monthly fee, Licence type, Deposit protection, Currency conversion fee, Currencies.