Alinma Bank launches no-fee instant savings service

Alinma Bank launches no-fee instant savings service
Alinma Bank launches no-fee instant savings service

We show you our most important and recent visitors news details Alinma Bank launches no-fee instant savings service in the following article

Hind Al Soulia - Riyadh - RIYADH — As part of Alinma Bank’s effort to support the government’s 2020 Financial Sector Development Program, which promotes saving and prudent financial planning, Alinma Bank has launched its "Instant Savings" service, which allows customers to save either a fixed amount or a percentage on each of their purchases. The service is provided free of fees.

Speaking about the new service, Alinma Bank CEO and Managing Director Abdulmohsen Al-Fares said that the new service was in line with the bank’s commitment to meet the ever-evolving needs of its partners, including the need for effective, convenient mechanisms to grow personal savings and plan for the future.

With Instant Savings, partners are able to easily register for the service through Alinma’s 24/7 self-service channels, where service settings can also be managed. Once registered, partners can indicate whether they wish to save a fixed amount or a percentage on each of their in-store and online mada or credit card purchases.

They can also instruct the bank to either deposit saved amounts into an Alinma savings account, or to donate saved amounts to an Alinma-certified charity.

The service also includes a number of usesul features such as the ability to set maximum daily savings limits and minimum account balances. Partners may cancel the service at any time, using the bank’s self-service channels; and the service is provided free of registration fees.

Services such as Instant Savings are important tools for partners who wish work toward important goals such as education savings, marriage savings, or debt repayment. And in addition to Instant Savings, Alinma Bank provides its customers with a number of other useful saving and protection services that suit their needs. — SG


These were the details of the news Alinma Bank launches no-fee instant savings service for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Saudi Gazette and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV How Vision 2030 is transforming Saudi Arabia into a globally competitive economy
NEXT Saudi Arabia’s business landscape witnessing dynamic shift as AI adoption rises