Saudi banks clarify cases of freezing bank accounts of clients

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Saudi banks clarify cases of freezing bank accounts of clients

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The Banking Information and Awareness Committee in Saudi banks announced the cases covered by the suspension of bank accounts for clients, whether individuals or legal persons.
The committee indicated through its Twitter account that cases of suspending bank accounts for individuals include the expiration of the national identity, or the account status is turned into a stagnant account.
She added regarding legal persons, the authority of those authorized to sign for reasons related to the expiry of the identity and the expiration of the commercial record that could not be renewed, as well as the expiry of the identity of the authorized signatory, stating that the conditions for suspending the freezing of bank accounts are the end of the national identity during this period and accept it and transfer the account to a stagnant account during this period.
It indicated that the mechanism of activating the bank account requires going to the branch, communicating through the toll-free number for the bank or bank, or communicating through the electronic banking channels of the bank or bank.

May 04, 2020 – 11 Ramadan 1441

07:47 PM


I showed the mechanism of activating the account through several methods, such as direct communication

The Banking Information and Awareness Committee in Saudi banks announced the cases covered by the suspension of bank accounts for clients, whether individuals or legal persons.
The committee indicated through its Twitter account that cases of suspending bank accounts for individuals include the expiration of the national identity, or the account status is turned into a stagnant account.
She added regarding legal persons, the authority of those authorized to sign for reasons related to the expiry of the identity and the expiration of the commercial record that could not be renewed, as well as the expiry of the identity of the authorized signatory, stating that the conditions for suspending the freezing of bank accounts are the end of the national identity during this period and accept it and transfer the account to a stagnant account during this period.
It indicated that the mechanism of activating the bank account requires going to the branch, communicating through the toll-free number for the bank or bank, or communicating through the electronic banking channels of the bank or bank.





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