Is having personal bank accounts from two different banks prohibited in Saudi Arabia?

Expert Info

Posted by

on 7 Mar 2012

I am an expatriate worker here in Saudi Arabia for more than two (2) years now and I wanted to open a personal account to another bank other than the present bank institution where my salary is being forwarded to. One of the requirements is the Salary and Employment Certificate in opening up an account and our company won't issue said certification unless I have a document from my present bank showing the cancellation of my account and our HR also told me that "any employee cannot possess two personal accounts into different bank". Is this true with regards to Saudi Banking Laws?

Anonymous (not verified) on 7 Mar 2013 - 15:30

HR department is talking rubbish. You can open accounts in different banks. Late reply, but might be useful info for further use.

Anonymous (not verified) on 12 Mar 2013 - 13:24

You can have more than 1 bank account so I don't know what your HR group is talking about. Sorry

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