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Xtra by STC Pay review

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

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Our verdict

Xtra by STC Pay suits people in Saudi Arabia who want a digital everyday account with no monthly charge, since the monthly fee is SAR 0. The trade-off is currency conversion: the fee of 2% sits above the site median.

Key facts

Best for
People in Saudi Arabia who want a digital everyday account with no monthly fee and instant international transfers.
Monthly fee
SAR 0↗
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↗
Legal entity
STC Bank (mixed closed joint stock company, commercial registration number 1010901344)↗
Headquarters
Saudi Arabia↗
Founded
2021↗
Support channels
Email, Chat, Phone, Help-centre↗
Audience
Travelers, Business, Teens
Pricing model
No monthly fee
Features
Free ATM withdrawals, Digital-only
Official website
stcbank.com.sa

Savings

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↗
Account kind
Easy access↗

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
LinkedInXappgallery.huawei.com

Pros and cons

Pros

  • Free ATM withdrawals and a digital-only service (free atm and digital only).
  • The savings balance is easy-access (easy access) and stays reachable whenever you need it.
  • Money sent abroad arrives fast: Instant for international transfers, and payouts cover a bank account, cash pickup or a wallet (bank, cash pickup and wallet).

Cons

  • The currency conversion fee is 2%, above the site median of 0.5%.
  • The savings account asks for a minimum deposit of SAR 1,000.
  • Savings pay a variable rate, so the return can move with the bank's pricing.
Xtra by STC Pay

Ready to try Xtra by STC Pay?

Scored 8.6 / 10 by VaultCue.

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Who it suits

  • People in Saudi Arabia who want a digital everyday account with no monthly charge.
  • Businesses, travelers and teenagers, the audiences the bank lists for this account (travelers, business and teen).
  • Savers who want easy-access savings they can reach at any time (easy access).

Who should look elsewhere

  • Frequent currency converters should look elsewhere: the fee of 2% sits above the site median of 0.5%, and Skrill, with a monthly fee of €0, is worth weighing up.
  • Anyone who wants a wallet account rather than a bank account should look at PayPal Colombia, whose monthly fee is $0, since this service is digital-only (free atm and digital only) and run from SA.

Rates and terms

Xtra by STC Pay pays a variable rate on the savings side, and the account kind is easy access. The headline rate is 0% to 5% while the rate type is variable, so the return follows the bank's own pricing rather than a fixed deal. Because it is variable, the figure on offer today can change while you hold the balance, so check the current rate before committing money.

Who runs it

Xtra by STC Pay is run by STC Bank, a mixed closed joint stock company supervised by the Saudi Central Bank (SAMA) in Saudi Arabia. The bank was founded in 2021 and is based in Saudi Arabia, SA. Support runs through email, chat and phone, so you can reach the bank by phone, chat or email, or read answers in the help centre.

How Xtra by STC Pay compares

Where Xtra by STC Pay 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

What does Xtra by STC Pay cost to run?+

The everyday account carries a monthly fee of SAR 0 and is listed under a no monthly fee model. The charges to weigh are currency conversion at 2% and international transfers, where fees run SAR 15 to SAR 25. Domestic payments follow the bank's own schedule, with a small local fee and higher amounts for same-day high-value transfers.

Who runs Xtra by STC Pay and who supervises it?+

The account is run by STC Bank, a mixed closed joint stock company, supervised by the Saudi Central Bank (SAMA) in Saudi Arabia. The bank was founded in 2021 and is based in Saudi Arabia, SA. Local payment details come in IBAN format (iban), so ordinary domestic payments follow the usual format.

What do I earn on the savings balance?+

The headline rate is 0% to 5% and the rate type is variable, so the return follows the bank's own pricing rather than a locked deal. Interest for a month that has just ended is credited at the start of the next one, which keeps the saving easy to follow and leaves the balance free of any notice period.

Can I take money out of the savings account whenever I want?+

Yes, the savings side is easy access and the balance stays reachable, so you are not tied to a fixed term. You can set standing deposits to run every day, every week or every month, and the return for a period that has just ended lands at the start of the next one.

How fast are international transfers and where can the money land?+

Delivery is Instant for international transfers. Payouts cover a bank account, cash pickup and a wallet (bank, cash pickup and wallet), so the person receiving the money can pick the form that suits them. Fees on those transfers run SAR 15 to SAR 25, and the bank waives them on larger transfers to Pakistan. Money sent inside the country follows the local schedule instead.

What does it cost to convert currency?+

The currency conversion fee is 2%. The median across the brands listed on the site is 0.5%, and Xtra by STC Pay sits at position 214 of 312 on that measure. If you convert regularly, that gap is the main thing to weigh up before switching, since the account is otherwise free to run.

Who is this account aimed at?+

The bank lists travelers, business customers and teenagers among the audiences it serves (travelers, business and teen). The service is digital-only with free ATM withdrawals (free atm and digital only) and is based in Saudi Arabia (SA). Help runs through email, chat and phone, so questions can be raised by phone, chat or email, or read in the help centre.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Deposit protection, Currencies.

Xtra by STC Pay

Xtra by STC Pay

People in Saudi Arabia who want a digital everyday account with no monthly fee and instant international transfers.

8.6/10See alternatives