Traditional Providers
Open a Saudi Riyal Business Account
Open a SAR business account and operate across Saudi Arabia with confidence. Hold, send, and receive SAR via SWIFT for international transfers, with policy-driven control in a USD-pegged currency. Manage your SAR balances with clear control over every transaction.
Reduce FX friction and simplify international transfers
Unique account details in your company’s name
Access SWIFT network for SAR payments
Suitable for international operations, non-resident directors, and multi-jurisdictional ownership
Saudi Riyal
Currency name
SAR
ISO code
﷼
Currency symbol
What’s Included with Your Saudi Riyal Business Account
A dedicated SAR account aligns Saudi revenues and costs in one currency, improves acceptance with local counterparties, and lets treasury manage USD↔SAR conversions within a stable peg. It also connects your processes to local rails for faster settlement and better reconciliation.
Key Benefits
Hold and operate in SAR: receive, store, allocate, and pay in Saudi Riyal without forced, ad-hoc conversions.
Global reach via SWIFT: accept SAR from international partners and pay Saudi-based vendors through cross-border rails.
FX control: time SAR conversions to market conditions using market orders and desk support to protect operating margins.
Unified platform with role-based permissions, approvals, and audit trails for controlled, auditable operations.
The Risk of Not Having a Saudi Riyal Business Account
Relying on foreign-currency accounts and one-off wires for Saudi activity increases cost, delay, and uncertainty.
FX erosion:
Repeated, unplanned conversions compress margins.
Payment delays:
SWIFT-only routes add intermediaries, days, and fees.
Counterparty friction:
Local partners prefer SAR transfers to domestic accounts.
Compliance hurdles:
Paying taxes and payroll without SAR can be challenging.
Who We Serve
Our SAR Business Accounts Are Designed for
We support a wide range of internationally minded businesses. From fast-growing companies expanding into Saudi Arabia to established global organisations managing complex operations.
Global Corporates
Centralise SAR receivables, fund suppliers and payroll, and align SAR costs with SAR revenues for cleaner margins.
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Funds & Institutions
Manage capital calls and distributions in SAR with role-based approvals and clear audit trails.
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Private Equity
Efficient SAR flows for deals, fees, and SPV/holdco structures with policy-driven FX.
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Family Offices
Discreet SAR management for assets, commitments, and inter-entity transfers under tight permissions.
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The All-in-One Platform
Banq Global vs. Traditional Providers
Open business accounts (20+ countries)
Open multi-currency accounts (30+ currencies)
Preferential exchange rates (130+ currencies)
Receive global payments (190+ countries)
Make global payments (190+ countries)
Currency risk management
Mass payments
Trade finance
All-in-one platform
Dedicated relationship manager
Business Account - Step by Step
How to Open a Saudi Riyal Business Account
A clear, expert-led process that reduces rework, shortens decision time, and maintains certainty.
01
Scoping & Fit
We review your structure, directors, UBOs, and SAR flows to confirm feasibility and align the account with your treasury needs.
02
Document Pack
A precise, tailored checklist for your entity type and structure, minimising rounds of clarification.
03
Compliance Review
Disciplined AML/KYC due diligence with prompt Q&A and clear status visibility.
04
Account Issuance
SAR account in your company’s name with unique IBAN and BIC.
05
Go-Live & Controls
Users, roles, approvals, payment templates, and FX policy (including market orders) configured to your standards.
Saudi Riyal Business Account - FAQs
Opening a SAR account raises questions on eligibility, payment rails, non-resident onboarding, and compliance. Below are answers to the questions global finance teams ask most often.