Overview Cash Deposit Card is a secure and convenient solution that allows businesses to deposit cash directly into their accounts without visiting the branch counter. Designed for corporates with frequent cash collections, it streamlines deposits, reduces risk, and ensures faster crediting of funds. Features & Benefits Secure Cash Collection Ensure the safety of your funds through professionally trained personnel and secure transport vehicles. Flexible Pickup Scheduling Schedule pickups based on your business needs, whether daily, weekly, or on demand. Direct Bank Deposits Deposit collected cash directly into your designated business accounts. Multi-Location Coverage Access services for single or multiple business locations. Regulatory Compliance Ensure operations follow local regulatory and security standards for cash transportation. Detailed Reporting Track deposits through transaction receipts and online banking. Eligibility Criteria Documents Required How to Apply 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. Corporate Cash Deposit Card Eligibility Issued to agents working for the same corporate entity, holding a valid ID/Iqama, and under the company’s sponsorship. If not under the company’s sponsorship, proof of employment is required. Account Linking Requirement The Corporate Cash Deposit Card must be linked to a Current Account only. View full Terms & Conditions 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. View full Terms & Conditions 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. View full Terms & Conditions Frequently Asked Questions How do I use the Cash Deposit Card? Insert the card into a designated cash deposit ATM, follow the on-screen instructions, and deposit the cash securely. Who can use this service? Authorized company representatives holding a Cash Deposit Card can use this service. Can multiple employees use it? Yes. You can assign multiple Cash Deposit Cards to authorized staff for making deposits. Is there a deposit limit? Each account may have a daily deposit limit set by the bank based on risk assessment. Limits are determined by SAIB and may vary by business. How quickly will funds reflect? Funds are typically credited to your account immediately after deposit. We’re Always Within Reach Stay connected to your banking, through our customer care team, digital channels, and branches everywhere. Customer Care Submit inquiries, raise complaints, and access support anytime. /customer-care Branches & ATMs Easily locate branches and ATMs wherever you are. E-Banking Services Bank smarter and faster with our secure digital platforms. /personal/e-banking-services