Terms and definitions

Bank

Banks and their foreign branches that are licensed by SAMA to carry out their business in the Kingdom of Saudi Arabia in accordance with the Banking Control Law.

Bank Account

It is an accounting record (financial account) with a bank licensed to operate in the Kingdom of Saudi Arabia in which all financial transactions made between the customer and the bank are recorded. Such a record is generated under a contract called "Account Opening Agreement" signed by the bank and the account holder (the Customer).

Freezing of Account

It is the temporary suspension of withdrawal from a bank account/relationship due to the expiration of the account holder’s ID or none updating by the customer or authorized party acting on behalf of him/her of the personal data and information addresses, income source, signatures and other relevant data.

Residents (Individuals)

Saudi nationals, nationals of the state members of the Gulf Cooperation Council (GCC) and expatriates.

Non-Residents

This includes individuals, commercial corporations, and other legal organizations and commissions with no physical location in the Kingdom via Iqama (residence) Card, commercial register, professional license or any other official existence, such as diplomats, multilateral international organizations.

Nationals of the GCC States

They are the nationals of the following states: Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman.

Original Identification Documents for Saudi Nationals

There are a number of original proof of identification documents that are for Saudi nationals which include the following: Civil Status Identity Card, National ID Card, Family Book, Family Register, Diplomatic or Personal Saudi Passport, Vital Records, Approved Civil Register for women, Birth Certificates, Passport for Saudi Woman.

Identification Documents for Non-Saudi Legal Residents of the Kingdom

  • Identity Book: It is proof of identity which is a magnetic card or a regular book.
  • Iqama (residence) Card with 5-year validity period: A card held by tribal individuals as proof of identity.

Passports of GCC Nationals

Passports issued by the immigration and passport authorities of any of the GCC states.

Diplomatic Card

A card issued by the Ministry of Foreign Affairs of Saudi Arabia for foreign diplomats.

Authorized Signatory to Authorize Other Signatories

Persons who are officers of specific entities (public/private) that banks can, on case by case basis, identify their powers by the following: approvals of the Ministry of Finance or the Saudi Arabian Monetary Authority, their job positions, appointment decisions, approvals of supervisory or concerned authorities, decisions of entities’ board of directors or owners, articles of associations of entities, commercial registers, job description (finance/human resources), powers of attorney, contracts entered into between banks and such entities, confirmation procedures set at the banks’ discretion, official seals or signature specimens.

First-Degree Relatives

This includes the father, mother, husband, wife, son and daughter.

Age of Maturity

It is eighteen years (in Hijri calendar).

Discerning Juvenile

A person whose age is fifteen years old (in Hijri calendar) and has a national ID or civil status identity card.

Incompetent Person

A person who is not legally allowed to manage his/her money due to dissipation, mental incompetence or bankruptcy.

Custodian

A person who is a custodian of an orphan, a steward of endowment or a guardian of a minor.

Guardian

The father of a minor or the latter grandfather in case the father is deceased.

Trustee

A person who is appointed as a Trustee of a minor in accordance with a trusteeship deed issued by Sharia courts.

Woman with Identity Referenced by Government Entity

A woman who works with and receives from a government entity a salary and financial earnings for which an opening of a bank account is required, and does not have any identification documents that show her identity (e.g. national ID or passport) or a relative person, who she can never marry (mahram), to serve as her identity reference.

Woman with Non-Disclosed Bank Information and Identity

A woman with no proof of identity/personal ID showing both her personal information and face, or a woman who has proof of identity/personal ID showing both her personal information and face, but is not willing to unveil her face at banks’ ladies branches nor does she allow photocopying of her proof of identity/personal ID (concealing information and identity.)

Personal Identity Reference for Veiled Woman

A person known to a veiled woman applying for an account, serving as her identity reference, who is: one of her first, second, third or fourth degree of relatives, who can never marry this woman (mahram), a relative through affinity or legally proven foster brother who is at least eighteen years old (in Hijri calendar), her fifteen-year-old (in Hijri calendar) sons or brothers holding civil status identity card/national ID, or a Saudi woman (who is not of the bank employees) having a national ID.

Personal Procedure Reference Assistant for Blind or Illiterate Persons

A literate person known the blind or illiterate person applying for an account, who is eighteen years old or fifteen years old having a civil status card or national ID. This person assists by reading out the procedures and the account opening agreement to the blind or illiterate person and acts as a witness to such proceedings. In case the blind or illiterate is a woman, this person must be one of her relatives whom she can never marry (mahram).