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Overview
 

Corporate customers continuously seek to optimize their cash flow and manage payments efficiently, whether for business travel expenses, equipment purchases, online payments, or petty cash disbursements.

Features & Benefits

Deposit Cash 24/7

Make deposits at ATMs anytime, even outside branch hours.

Branch-Free Convenience

Deposit cash directly through ATMs without waiting in queues.

Secure Transactions

Meets EMV and PCI DSS security standards to protect cardholder data.

Real-Time Credit

Credit funds to your account immediately after each deposit.

Multi-User Access

Entity can issue multiple cards to different users. Each card is linked to a single individual, and multiple cards can be linked to one account.

Registered Business Entity

Must be a registered corporate entity or SME with an active business account.

Credit Assessment

Must have a satisfactory credit assessment in line with bank policy.

Business Standing

Must operate as an established business entity in accordance with applicable regulations.

Issuance Application

Complete the issuance application and provide the details of the agent who will use the cash deposit card, along with the required documents based on nationality:
 

For Saudi agents:

  • Copy of a valid Saudi ID signed by the agent

  • Employment letter stating the job title or employment card

For non-Saudi agents:

  • Copy of a valid Iqama signed by the agent

  • Printout from the Yaqeen system including Iqama details and expiry date

  • Employment letter stating the job title.

Document Certification

Stamp all documents as “True Copy” and sign against the stamp. Ensure authorized signatures are provided on each application form.

Sponsorship Letter for the Corporate Agent

Provide an authorization letter to the bank confirming that the employee works for the company and is authorized to use the deposit card to deposit cash on its behalf.

Bank Account Statements

Submit bank account statements covering the last 6 months.

Prepare Required Documents

Gather and ensure all required documents are ready before proceeding with the application.

Submit Your Application

Submit your application along with the required information to begin the review process.

Application Review

The bank reviews your application to assess eligibility and next steps.

Final Decision

Based on the review outcome, the application is either approved or declined, and you are notified of the decision accordingly.

Frequently Asked Questions

The Corporate Currency Card is a multi-currency card designed to help corporates manage business payments and expenses more efficiently.

The Corporate Currency Card supports payments in 100 currencies.

A fixed USD exchange rate of 3.75 applies to the Corporate Currency Card.

Yes. Companies can issue cards for employees based on business needs.

Yes. The Corporate Currency Card portal supports online load and unload functionality.

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Corporate Currency Card App

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