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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.

New mada Card Issuance

Free

mada Card Renewal

Free

mada Card Reissuance (Lost/Damaged)

30

mada Supplementary Card

30

Mada Card PIN Reissuance

15

International Cash Withdrawal

25 + 2.75% currency exchange rate

Balance Inquiry (GCC Net)

3

Cash Withdrawal (GCC Net)

10

Balance Inquiry (Outside KSA)

3.5 

POS Purchase (Outside KSA)

2.75% currency exchange fee

Frequently Asked Questions

The Mada Silver 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 Silver Card has no minimum eligibility requirements.
It is issued automatically when you open a Current or AlBarakah Savings Account with SIB as a Silver 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 Silver 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 Retail App and SIB Retail 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 Retail App or SIB Retail Online, or request it through SIB Phone Banking.

You can report the loss or theft through SIB Retail App, SIB Retail 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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