RIYADH: The Saudi Central Bank has announced a significant update to its banking regulations, now permitting the use of the “Visitor ID” as a valid document for opening bank accounts within the Kingdom.
The “Visitor ID,” an official identification document issued by the Ministry of Interior for visitors, can be authenticated via authorized digital platforms.
The move is a strategic step under Saudi Arabia’s Vision 2030, aimed squarely at boosting the tourism sector and creating a seamless, digitally-enabled experience for the millions of tourists, business travelers, and pilgrims who visit the Kingdom annually.
“This decision will enable banks to open accounts for new consumer segments and enhance the visitor experience during their stay in the Kingdom,” SAMA said in a statement.
The statement clarified that this regulatory update stems from a periodic review process, ensuring that policies keep pace with market developments.
The change is expected to streamline account opening procedures, advance financial inclusion, and further support the ongoing digital transformation of Saudi Arabia’s banking services.
This decision effectively bridges a major gap for visitors. Now, with a bank account tied to their Visitor ID — which is issued through the government’s “Absher” platform — they can use local mobile wallets and make digital payments with ease, reducing their reliance on cash.
