Banking Made Easy for You
Let us simplify your financial life
Join Riyad Bank for secure, seamless, and stress-free banking. Take the first step today.
It enables the cardholder to withdraw cash at a participating merchant when paying by their Mada card. The cash amount will then be deducted directly from your bank account along with the purchase amount.
“Naqd” Service Features:
| Service | Fees & Charges |
|---|---|
| Card issuance | Free |
| Card Renewal | Free |
| Card re-issue / replacement for stolen and missing or incorrectly entered ATM card (3 attempts) |
S..R 10 |
| Card re-issue/ replacement for a Card captured in an ATM | Free |
| Issuing an additional Debit Card | S..R 10 |
| Balance inquiry (within the GCC Net) | S..R 3 |
| Balance inquiry – International ATM | S..R 5 |
| Cash withdrawal – Local ATM | Free |
| Cash withdrawal – GCC ATM | S..R 10 |
| Cash withdrawal – International ATM (excluding GCC) | 3% per transaction (S..R 25) |
| Foreign transaction fee | 2% |
| Incorrect dispute claim | S..R 15 |
| Card usage fees via point-of-sale devices or online purchases - Local | Free |
| Card usage fees via point-of-sale devices - GCC | Free |
| Balance inquiry and mini statement fees - Local ATM | Free |
Banking Made Easy for You
Join Riyad Bank for secure, seamless, and stress-free banking. Take the first step today.