• SAMA approves Visitor ID for opening bank accounts in Saudi Arabia, expanding access for visitors and enabling banks to serve new segments.
• Issued by the Ministry of Interior, the Visitor ID is an official document verified through digital platforms for regulatory compliance.
• The update reflects SAMA’s periodic reviews, aiming to simplify account procedures, enhance financial inclusion, and support banking sector digital transformation initiatives.

Saudi Central Bank

The Saudi Central Bank (SAMA) approved the usage of the “Visitor ID” for opening bank accounts at banks in Saudi. This is in accordance with banks’ account opening rules.

The ‘Visitor ID is ’issued by the Ministry of Interior as an official identification document for visitors to the Kingdom. Furthermore, the ID can be verified through authorized digital platforms.

This decision will enable banks and financial institutions to open accounts for new consumer segments. It will also enhance the visitor experience with banking services during their stay in the Kingdom. 

SAMA clarifies that this update to the bank account rules is part of a periodic review. Its periodic reviews seek to keep pace with regulatory developments and facilitate procedures for opening and operating bank accounts. Moreover, it seeks to further promote financial inclusion and supports digital transformation initiatives in banking services. ​Additionally, it supports digital transformation initiatives in banking services, and improves the overall customer experience.

Bottom Line: Saudi Arabia is widening financial access by recognizing Visitor ID for banking, marking a step toward inclusive banking services.nThe move simplifies account openings for visitors, allowing banks to tap into new consumer segments across the Kingdom.

SAMA’s periodic reviews show its commitment to aligning regulations with evolving needs while promoting financial inclusion and digital banking growth. Ultimately, this decision strengthens Saudi Arabia’s banking ecosystem, enhances customer experience, and supports the Kingdom’s broader digital transformation goals.