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STC Bank review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

STC Bank pairs a no monthly fee account with a Saudi easy-access savings balance, supervised by the Saudi Central Bank and aimed at travelers, business owners and teens. Withdraw whenever you like and the Smart Saver balance pays a variable rate, with interest credited each month rather than daily.

Key facts

Best for
Saudi savers and small businesses who want a no monthly fee account, an easy-access savings balance and instant international transfers.
Headline rate
0% to 5%↗
Rate type
Variable↗
Minimum deposit
SAR 1,000↗
Access terms
Withdraw from savings at any time; profits credited on the 1st of each month for the previous month; scheduled daily/weekly/monthly auto-saving↗
Monthly fee
SAR 0↗
Account kind
Easy access↗
Legal entity
STC Bank, mixed closed joint stock company (commercial registration No. 1010901344, unified ID 7010933328)↗
Headquarters
Saudi Arabia↗
Founded
2021↗
Support channels
Email, Chat, Phone, Help-centre, Community↗
Pricing model
No monthly fee
Official website
stcbank.com.sa

Everyday accounts

Currency conversion fee
2%↗
Local account details
IBAN↗
Transfer fee
Local IPS: 0.50 SAR up to 2,500 SAR, 1.00 SAR for 2,500-20,000 SAR; RTGS: 7 SAR same-day, 5 SAR next-day; international (Western Union): 15-25 SAR, free for Pakistan transfers of 375 SAR or more↗
Audience
Travelers, Business, Teens
Features
Free ATM withdrawals, Digital-only

Money transfer

Delivery time
Instant for international transfers↗
Payout methods
Bank, Cash-pickup, Wallet↗
Fee to send 1,000
SAR 15 to SAR 25↗

Facts checked September 26, 2026, 7 sources

Apps and profiles

Get the app
Google Play
Elsewhere
XLinkedInfacebook.com

Pros and cons

Pros

  • No monthly account fee, matching the €0 site median
  • Interest of 0% to 5% on a variable rate, above the 1.5% site quartile
  • Withdraw at any time, with profits credited at the start of each month
  • Free ATM withdrawals and Instant for international transfers international transfers

Cons

  • The 2% currency conversion fee sits above the 0.5% site median
  • Opening the savings balance needs a SAR 1,000 minimum deposit
  • The service is free atm and digital only, so there is no branch to visit
STC Bank

Ready to try STC Bank?

Scored 8.4 / 10 by VaultCue.

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Who it suits

  • Saudi savers who want easy access without a lock-in period
  • Businesses and freelancers who need instant international payouts
  • Teen account holders and travelers opening a first account

Who should look elsewhere

  • Anyone converting currency often, who may pay more than the 2% fee here
  • Chasers of the biggest headline figure, since Plazo ES and AXI Card Tarjeta y Credito both list rates above 0% to 5%
  • People who want branch service, as the account is free atm and digital only

Rates and card terms

The Smart Saver balance pays a variable interest rate of 0% to 5%, so the figure moves rather than being locked for a term. Money comes out whenever you want, and profits for the previous month are credited at the start of each month. Scheduled auto-saving can run daily, weekly or monthly. There is no monthly charge, and transfers abroad arrive Instant for international transfers, with fees of SAR 15 to SAR 25.

The company behind it

STC Bank is a mixed closed joint stock company registered in Saudi Arabia and founded in 2021, holding a commercial registration and a unified identity number. It is supervised by the Saudi Central Bank. Support runs by email, chat and phone, and local payments use an iban format. Customers are drawn from travelers, business and teen groups, with business and teen accounts highlighted.

How STC Bank compares

Where STC Bank is available

Available
Saudi Arabia
Licence in Saudi Arabia
Saudi Central Bank (SAMA), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

How much does an STC Bank account cost each month?+

The account carries no monthly fee, which matches the €0 median across the site and sits at the €0 end of the range. Extra charges come from transfers and currency conversion rather than account upkeep.

What interest rate does the Smart Saver balance pay?+

Smart Saver pays a variable rate of 0% to 5% on the savings balance. Variable means the number can change, and it is credited at the start of each month for the previous month rather than paid daily.

Is my money protected and who regulates the bank?+

The bank is supervised by the Saudi Central Bank. STC Bank is registered in Saudi Arabia as a mixed closed joint stock company with a commercial registration and a unified identity number on file.

Can I withdraw from savings whenever I want?+

Yes, the account is easy access, so withdrawals can be made at any time. You can also set up scheduled auto-saving to run daily, weekly or monthly to build the balance without thinking about it.

How much does it cost to send money abroad?+

International transfers cost SAR 15 to SAR 25 depending on the amount, with a fee waiver on qualifying transfers. Delivery is Instant for international transfers, and money can arrive in a bank account, at a cash pickup point or in a wallet.

Is there a fee for currency conversion?+

Currency conversion carries a 2% fee, above the 0.5% median on the site. If you convert often, this is the main cost to weigh against the free monthly account and free ATM withdrawals.

Who is this account designed for?+

The bank serves travelers, business and teen customers, with business and teen accounts highlighted. That mix suits freelancers, families and younger account holders who want a no fee account with a savings balance alongside it.

Can I open the account without visiting a branch?+

Banking is free atm and digital only, so the service runs through apps and online tools rather than branches. Support is still available by email, chat and phone if you need help with the account.

What is the minimum deposit for the savings balance?+

The savings balance needs a minimum deposit of SAR 1,000 to open. That compares with a €0 median across the site, so a starter balance is a modest ask for easy-access savings.

Sources

Compiled from 8 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term, Deposit protection.

STC Bank

STC Bank

Saudi savers and small businesses who want a no monthly fee account, an easy-access savings balance and instant international transfers.

8.4/10See alternatives