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Eligibility for Mada Gold Card

The mada Gold Card is automatically issued to customers who qualify for the SIB Gold Segment.

 

View Segments eligibility and benefits

Maintain an average balance of

100,000

for 3 consecutive months
Make a minimum instant deposit of

500,000

for new customers within 90 days
of account opening
Receive a minimum monthly salary of

25,000

for 3 consecutive months

To qualify for the SIB Gold Segment, customers must meet at least one of these criteria.

Primary Account & Segmentation

Applicants must have an active SIB account and meet the Gold segment eligibility requirements.

Government Identification

Expatriats must have a valid Iqama and passport.

 

Issuance of MADA Card

Free

Renewal of MADA Card

Free

Reissuance of a MADA Card Retained by an ATM

Free

Reissuance of a MADA Card (Lost / Damaged / Incorrect PIN entered three times)

5

Issuance of an Additional MADA Card

5

Local Use of MADA Card at POS Terminals or Online Purchases

Free

Use of MADA Card at POS Terminals within the GCC Net

Free

International Purchase Transactions

2% of the transaction amount

Cash Withdrawal Using MADA Cards via the GCC Net

10 

International Cash Withdrawal Using MADA Cards (Excluding GCC Net)

Not exceeding 3% of the transaction amount, with a maximum limit of 25

Balance Inquiry and Mini Statement via ATM

Free

Balance Inquiry Using MADA Cards via ATMs within the GCC Net

3

Wrong dispute of transactions or account statement

15

Frequently Asked Questions

The Mada Gold Card from The Saudi Investment Bank gives you instant access to the funds in your account, without the need to withdraw cash. You can use your card locally and internationally through the Visa network, while easily managing your finances and monitoring your spending, as all transactions appear on your account statement.

The Mada Gold Card has no minimum eligibility requirements.The Mada Gold Card has no minimum eligibility requirements.The Mada Gold Card has no minimum eligibility requirements.The Mada Gold Card has no minimum eligibility requireThe Mada Gold Card has no minimum eligibility requirements

The Mada Gold Card has no minimum eligibility requirements.
It is issued automatically when you open a Current or AlBarakah Savings Account with SIB as a Gold Segment customer.

A Mada Card works on a “buy now, pay now” basis, while a Credit Card follows a “buy now, pay later” model. When you use your Mada Gold Card, payments are deducted directly from your account, so there are no monthly repayments or profit charges.

You can access a wide range of services through SIB Mobile and SIB Online, including:

  • Viewing account balances

  • Viewing transaction history and statements

  • Viewing card details and card transaction history

  • Transferring funds between your accounts and other SIB accounts

  • Making SARIE transfers within the Kingdom of Saudi Arabia

  • Transferring funds to your investment account with Alistithmar Capital

  • Making international transfers

  • Paying SADAD utility bills

  • Making Ministry of Interior (MOI) government payments

  • Viewing payment history

  • Earning Rewards points, redeeming rewards, and accessing exclusive offers through SIB’s Loyalty Programs

  • Using Tap & Pay features for fast and secure contactless payments

Additional services are also available. Learn more

You can view your PIN through SIB Mobile or SIB Online, or request it through SIB Phone.

You can report the loss or theft through SIB Mobile, SIB Online, or by calling 800 124 8000 (within the Kingdom) or +966 11 418 3100 (from overseas).
Your card will be blocked immediately, and a replacement will be sent to you within 5–7 business days. You will receive a new PIN, and the card will remain inactive until you activate it

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