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Financial apps and digital money services in Saudi Arabia.
Seven approved records cover four direct banks, one Saudi electronic-money wallet and two overseas payment services. The exact legal entity and product determine whether Saudi DPF deposit protection can apply.
Direct answer
Four records are direct Saudi bank accounts; urpay, Wise and PayPal are not deposits.
Eligible deposits at STC Bank, D360 Bank, Al Rajhi Bank and Saudi National Bank can enter the DPF framework. The limit is SAR 200,000 per eligible depositor per member bank, including principal and accrued commission or return; branches and currencies at the same bank aggregate.
urpay is electronic money issued by Global Digital Financial Solutions Company. Wise uses an overseas electronic-money and safeguarding model, while PayPal serves Saudi accounts through PayPal Pte. Ltd. None becomes a DPF-covered deposit because an affiliated or linked bank processes money.
Product classification
Bank deposits and payment-service balances are not interchangeable.
Resolve the legal entity and product before comparing fees, rails or app convenience.
Licensed bank
Eligible deposits can enter DPF at the named Saudi member bank.
Digital bank
STC Bank and D360 are operative Saudi banks, not their earlier launch-stage descriptions.
EMI wallet
urpay electronic money and Wise safeguarding are not Saudi bank deposits.
Payment service
PayPal's linked-bank withdrawal path does not make its balance a bank deposit.
Verified SA comparison
Change the job, not the evidence.
These controls only reorder approved market records. Legal entity, product class, protection wording, source date and confidence stay fixed.
Bank deposits: Prioritises direct Saudi bank deposits and DPF aggregation.
| Provider | Product type | Market status | Legal entity | Protection model | Evidence | Compare |
|---|---|---|---|---|---|---|
| STC BankA direct Saudi digital-bank current account with cards and local transfers. | saudi licensed digital bank current account | available with residency identity acceptance account product and channel conditions | STC Bank | Eligible STC Bank deposits aggregate under DPF's SAR 200,000 limit.The bank launched after the historical STC Pay wallet; only operative bank deposits receive bank treatment, while cards, savings and finance retain separate terms. | 4 source records | |
| D360 BankA direct Saudi digital-bank current account with mada and separate Mudaraba savings. | saudi licensed digital bank current and savings account | available with residency identity acceptance account savings and product conditions | D360 Bank | Eligible D360 deposits aggregate under DPF's SAR 200,000 limit.Its cited Mudaraba savings agreement separately warns that expected profit and capital preservation are not guaranteed; confirm exact DPF eligibility by product. | 4 source records | |
| Al Rajhi BankA direct current account with digital, branch, cash, mada and finance access. | saudi licensed bank current account | available with residency identity acceptance account channel and product conditions | Al Rajhi Banking and Investment Corporation | Eligible Al Rajhi deposits aggregate under DPF.Savings, cards, finance, investments and business services retain separate contracts, prices and risk treatment. | 4 source records | |
| Saudi National BankA direct current account with digital, branch, mada, sarie and SADAD access. | saudi licensed bank current account | available with residency identity acceptance account channel and product conditions | The Saudi National Bank | Eligible SNB deposits aggregate under DPF.Gold, savings, cards, finance, investments and business services retain separate contracts and fees. | 4 source records | |
| urpayA Saudi EMI wallet for card, payment and domestic or international transfer use. | saudi electronic money institution wallet | available with identity mobile wallet card transfer and limit conditions | Global Digital Financial Solutions Company | urpay electronic money is not a DPF bank deposit.Al Rajhi affiliation does not make the wallet a deposit at Al Rajhi; wallet, card, identity, limit and remittance terms remain separate. | 4 source records | |
| WiseA safeguarded multicurrency account and international receiving or transfer tool. | uk electronic money multicurrency account for saudi residents | available with residency identity currency funding receiving and product conditions card unavailable | Wise Payments Limited for the cited Saudi resident account | Wise safeguards ordinary account money; it is not a DPF bank deposit.Saudi residents can hold supported currencies, but Wise does not currently issue new personal cards there; funding, account details and fees remain conditional. | 3 source records | |
| PayPalConditional cross-border PayPal payments and eligible withdrawal methods. | singapore payment service for saudi residents | available with residency identity payment withdrawal currency and transaction conditions | PayPal Pte. Ltd. | The PayPal balance is not a Saudi bank deposit or DPF product.Market functionality, linked bank or card, withdrawal eligibility, currency conversion, fees and review remain customer-specific. | 2 source records |
STC Bank
saudi licensed digital bank current account- Market status
- available with residency identity acceptance account product and channel conditions
- Legal entity
- STC Bank
- Product note
- STC Bank has operated as a licensed Saudi digital bank since 2025. Eligible deposits can enter the DPF framework; current accounts, savings, cards, transfers, business and finance products retain separate terms.
- Protection model
- Eligible STC Bank deposits aggregate under DPF's SAR 200,000 limit.The bank launched after the historical STC Pay wallet; only operative bank deposits receive bank treatment, while cards, savings and finance retain separate terms.
View legal and product sources
D360 Bank
saudi licensed digital bank current and savings account- Market status
- available with residency identity acceptance account savings and product conditions
- Legal entity
- D360 Bank
- Product note
- D360 has operated as a licensed Saudi digital bank since 2024. Eligible deposits can enter DPF; its Mudaraba savings terms separately warn that expected profit and capital preservation are not guaranteed under that investment structure.
- Protection model
- Eligible D360 deposits aggregate under DPF's SAR 200,000 limit.Its cited Mudaraba savings agreement separately warns that expected profit and capital preservation are not guaranteed; confirm exact DPF eligibility by product.
View legal and product sources
Al Rajhi Bank
saudi licensed bank current account- Market status
- available with residency identity acceptance account channel and product conditions
- Legal entity
- Al Rajhi Banking and Investment Corporation
- Product note
- Al Rajhi provides the cited current account directly as a licensed Saudi bank. Eligible deposits aggregate under DPF; savings, cards, finance, investments and business services retain separate contracts and fees.
- Protection model
- Eligible Al Rajhi deposits aggregate under DPF.Savings, cards, finance, investments and business services retain separate contracts, prices and risk treatment.
View legal and product sources
Saudi National Bank
saudi licensed bank current account- Market status
- available with residency identity acceptance account channel and product conditions
- Legal entity
- The Saudi National Bank
- Product note
- SNB provides direct current and deposit accounts as a licensed Saudi bank. Eligible deposits aggregate under DPF; SADAD, sarie, cards, gold, finance, savings and business products retain separate terms.
- Protection model
- Eligible SNB deposits aggregate under DPF.Gold, savings, cards, finance, investments and business services retain separate contracts and fees.
View legal and product sources
urpay
saudi electronic money institution wallet- Market status
- available with identity mobile wallet card transfer and limit conditions
- Legal entity
- Global Digital Financial Solutions Company
- Product note
- urpay is an electronic-money wallet with conditional cash-in, payments, redemption, card and transfer functions. Its Al Rajhi affiliation does not make wallet money a bank deposit or create DPF coverage.
- Protection model
- urpay electronic money is not a DPF bank deposit.Al Rajhi affiliation does not make the wallet a deposit at Al Rajhi; wallet, card, identity, limit and remittance terms remain separate.
View legal and product sources
Wise
uk electronic money multicurrency account for saudi residents- Market status
- available with residency identity currency funding receiving and product conditions card unavailable
- Legal entity
- Wise Payments Limited for the cited Saudi resident account
- Product note
- Eligible Saudi residents can hold supported currencies with Wise under conditional overseas electronic-money terms. The balance is safeguarded rather than DPF-insured, and Wise does not currently issue new personal cards to Saudi residents.
- Protection model
- Wise safeguards ordinary account money; it is not a DPF bank deposit.Saudi residents can hold supported currencies, but Wise does not currently issue new personal cards there; funding, account details and fees remain conditional.
View legal and product sources
PayPal
singapore payment service for saudi residents- Market status
- available with residency identity payment withdrawal currency and transaction conditions
- Legal entity
- PayPal Pte. Ltd.
- Product note
- PayPal provides conditional payment and withdrawal functions for Saudi accounts through PayPal Pte. Ltd. It is not a Saudi bank, and linked-bank or card processing does not make the PayPal balance DPF-insured.
- Protection model
- The PayPal balance is not a Saudi bank deposit or DPF product.Market functionality, linked bank or card, withdrawal eligibility, currency conversion, fees and review remain customer-specific.
View legal and product sources
0 selected locally.No matching comparison is published
Protection boundary
SAR 200,000 follows the eligible depositor and exact member bank.
DPF aggregates eligible principal and accrued commission or return across branches, accounts and currencies at the same member bank. Several accounts at one bank do not create several limits, while eligible deposits at different member banks are assessed separately.
Protection depends on both depositor and product eligibility. D360's cited Mudaraba savings agreement says expected profit and capital preservation are not guaranteed under that structure, so its exact DPF treatment must be confirmed instead of inferred from the bank's licence.
urpay, Wise and PayPal remain electronic-money or payment-service relationships. Safeguarding, affiliate banks, account details, cards and withdrawal processing are legally distinct from an eligible deposit held at a DPF member bank.
Bank deposit
Confirm product eligibility and combine covered balances at the same bank.
Multiple accounts
Do not multiply the limit across account pockets, plans or currencies at one bank.
Payment-service funds
Read the safeguarding, wallet, withdrawal and insolvency terms without claiming DPF.
Adjacent product
Finance, investment-style savings, cards, rewards and promotions retain their contracts.
Eligibility and identity
Residence, identity, income, channel and live product terms still control access.
Providers can require Saudi residence, nationality or an eligible Iqama, age, National ID, a Saudi mobile number, address and tax information, supported-device checks, KYC screening and account acceptance. Business, savings, finance, remittance and card products can add further tests.
STC Bank's conversion from the historical STC Pay wallet does not retroactively turn wallet balances into bank deposits. urpay's Al Rajhi affiliation does not reclassify the wallet. Wise card issuance is currently unavailable to new Saudi personal customers, even though eligible residents can hold supported currencies.
Read the evidence methodologyFee snapshot
A zero monthly fee does not make every cash, instant, card or FX action free.
STC Bank's cited schedule lists local instant transfers at SAR 0.50 up to SAR 2,500 and SAR 1 above SAR 2,500 through SAR 20,000, excluding VAT. RTGS, international, card, cash, business and other charges remain separate.
Al Rajhi's cited schedule lists current-account opening, domestic ATM cash and primary mada issuance as free; SNB lists account opening and digital banking as free. D360 separates account, card, transfer and lending fees and states 15% VAT applies. urpay, Wise and PayPal costs vary by action, currency and route. Confirm the current schedule and final screen.
Payment rails
sarie, SARIE RTGS, mada and SADAD are infrastructure, not protection badges.
Participation, direction, identifiers, device support, timing, screening, limits and fees remain provider-specific.
sarie
Saudi market context only. Verify the exact account, provider, direction, identifier, participant, schedule, limit and price.
SARIE RTGS
Saudi market context only. Verify the exact account, provider, direction, identifier, participant, schedule, limit and price.
mada
Saudi market context only. Verify the exact account, provider, direction, identifier, participant, schedule, limit and price.
SADAD
Saudi market context only. Verify the exact account, provider, direction, identifier, participant, schedule, limit and price.
SAMA owns sarie for instant low-value transfers among participating local banks and distinguishes SARIE RTGS, mada card and ATM infrastructure, and SADAD bill payments as national systems. A rail listing, IBAN, card or bank-processing relationship does not prove universal support, guaranteed timing or DPF eligibility.
Source ledger
Every material Saudi Arabia claim keeps its entity, product, source and date.
Sources were observed on 12 July 2026 and require launch-time reverification.
STC Bank Saudi Arabia source drawer
STC Bank is displayed as saudi licensed digital bank current account in Saudi Arabia.
- SAMA granted licensed digital bank STC Bank no objection to commence banking operations on 28 January 2025.
- The current bank must not be confused with historical STC Pay EMI treatment.
- Operating approval does not prove every current account, card, deposit or finance term.
- STC Bank identifies itself as the bank and lists current banking, card, savings and finance product families.
- The page warns that some described services may be planned rather than currently offered.
- Each deposit, card, savings or finance product requires its operative agreement.
- The schedule lists local instant transfers at SAR 0.50 up to SAR 2,500 and SAR 1 above that through SAR 20,000, excluding VAT.
- RTGS, international, card, cash, business and other service charges remain separate.
- Temporary campaigns and expected savings returns are not permanent pricing claims.
- The in-force DPF rules protect eligible deposits up to SAR 200,000 including principal and accrued commission or return per eligible depositor per member bank.
- Deposits across branches and currencies at the same bank aggregate, while eligible deposits at different member banks are assessed separately.
- Inter-bank deposits, bearer instruments, repurchase agreements, EMI money, payment balances and investments do not inherit this statement.
D360 Bank Saudi Arabia source drawer
D360 Bank is displayed as saudi licensed digital bank current and savings account in Saudi Arabia.
- SAMA granted licensed digital bank D360 no objection to commence banking operations in December 2024.
- The notice establishes operating-bank status, not customer acceptance, product coverage or fees.
- Current account, card, savings and lending products retain separate terms.
- The agreement identifies a Mudaraba savings account governed with the retail current-account terms and requires an existing D360 current account.
- Expected profit is not guaranteed and the agreement states capital may be exposed to loss except under specified misconduct conditions.
- The page is not used to claim that every investment-style balance has DPF coverage; exact DPF eligibility requires confirmation.
- D360 publishes separate fee groups for customer accounts, statements, mada cards, transfers, services and lending.
- The schedule states listed fees are subject to 15% VAT.
- The final current schedule and transaction screen control because product and action charges vary.
- The in-force DPF rules protect eligible deposits up to SAR 200,000 including principal and accrued commission or return per eligible depositor per member bank.
- Deposits across branches and currencies at the same bank aggregate, while eligible deposits at different member banks are assessed separately.
- Inter-bank deposits, bearer instruments, repurchase agreements, EMI money, payment balances and investments do not inherit this statement.
Al Rajhi Bank Saudi Arabia source drawer
Al Rajhi Bank is displayed as saudi licensed bank current account in Saudi Arabia.
- SAMA's register identifies Al Rajhi Bank and Saudi National Bank as licensed local banks and separates banking from payment-service licences.
- STC Bank and D360 operating status is established by separate SAMA launch notices.
- A bank licence does not prove product eligibility, pricing, approval or payment-rail participation.
- The in-force DPF rules protect eligible deposits up to SAR 200,000 including principal and accrued commission or return per eligible depositor per member bank.
- Deposits across branches and currencies at the same bank aggregate, while eligible deposits at different member banks are assessed separately.
- Inter-bank deposits, bearer instruments, repurchase agreements, EMI money, payment balances and investments do not inherit this statement.
- Al Rajhi describes a direct Shariah-compliant current account with transfers, mada card, cash and banking-channel access.
- Identity, residence, documentation, acceptance, salary and finance conditions remain separate.
- The bank relationship does not make every investment, card or finance product a DPF-eligible deposit.
- The schedule effective 20 February 2026 lists current-account opening, domestic ATM cash and primary mada issuance as free.
- Replacement, international, transfer, card and other service charges vary and VAT can apply.
- No universal free-banking or cheapest claim is inferred.
Saudi National Bank Saudi Arabia source drawer
Saudi National Bank is displayed as saudi licensed bank current account in Saudi Arabia.
- SAMA's register identifies Al Rajhi Bank and Saudi National Bank as licensed local banks and separates banking from payment-service licences.
- STC Bank and D360 operating status is established by separate SAMA launch notices.
- A bank licence does not prove product eligibility, pricing, approval or payment-rail participation.
- The in-force DPF rules protect eligible deposits up to SAR 200,000 including principal and accrued commission or return per eligible depositor per member bank.
- Deposits across branches and currencies at the same bank aggregate, while eligible deposits at different member banks are assessed separately.
- Inter-bank deposits, bearer instruments, repurchase agreements, EMI money, payment balances and investments do not inherit this statement.
- SNB's current schedule lists current-account opening and digital banking as free and separates sarie, local, international, card and statement fees.
- Quick local transfer fees vary by amount and other actions use separate charges.
- Credit, gold, prepaid, finance and savings products do not share one fee or protection model.
- SNB documents SADAD bill and government-fee payment through app, online, phone, ATM and branch channels.
- Channel access does not prove every biller, schedule, refund or transaction outcome.
- SADAD support is a payment capability, not deposit-insurance evidence.
urpay Saudi Arabia source drawer
urpay is displayed as saudi electronic money institution wallet in Saudi Arabia.
- SAMA's current register separates Electronic Money Institutions from Payment Institutions and lists the urpay entity by its unified number.
- An EMI may issue electronic money but is not a bank merely because it is licensed by SAMA.
- Licence status does not prove every wallet, card, remittance or merchant feature.
- The rules define an electronic wallet as an EMI service for issuing, storing and managing electronic money.
- EMI safeguarding and customer-limit duties remain separate from the bank DPF framework.
- A parent-bank affiliation does not reclassify wallet money as a deposit at that parent bank.
- The January 2026 terms identify Global Digital Financial Solutions Company, unified ID 7021176180, as the urpay wallet provider and an Al Rajhi affiliate.
- The wallet supports conditional cash-in, payments, redemption and domestic or international transfers.
- Affiliate status does not make wallet money an Al Rajhi bank deposit or create DPF coverage.
- urpay's virtual and physical prepaid cards are governed as additions to the e-wallet agreement.
- Card issuance, annual, transaction, reward and cancellation conditions remain offer-specific.
- A card linked to electronic money is not evidence of a bank deposit.
Wise Saudi Arabia source drawer
Wise is displayed as uk electronic money multicurrency account for saudi residents in Saudi Arabia.
- Wise lists Saudi Arabia among locations where eligible residents can hold money, subject to account-specific changes and restrictions.
- The list does not establish a Saudi bank entity or local SAR account details.
- Currencies, funding, receiving, business and transfer functions require exact in-product confirmation.
- Wise describes ordinary account money as safeguarded in cash, secure liquid assets or through a comparable guarantee rather than bank-deposit insurance.
- The responsible Wise entity and safeguarding arrangement depend on residence and service.
- Saudi resident eligibility does not create DPF coverage.
- Saudi Arabia is not in Wise's current personal-card issuance list.
- An existing card issued in another eligible country does not prove new or replacement Saudi issuance.
- The page preserves an unavailable card state while account functions remain separately assessed.
PayPal Saudi Arabia source drawer
PayPal is displayed as singapore payment service for saudi residents in Saudi Arabia.
- The Saudi legal hub agreement identifies PayPal Pte. Ltd. as the service provider.
- Service, balance, payment, withdrawal, currency and account functionality varies by country and customer.
- PayPal is not listed as a Saudi bank and its balance does not receive DPF coverage merely through a linked bank or card.
- PayPal's Saudi help page describes conditional withdrawal to a bank account and warns product availability differs by market.
- Transfer method, eligibility, review, timing, currency and fees remain customer-specific.
- A withdrawal destination does not make the prior PayPal balance a deposit at that bank.
Saudi Arabia regulator, protection and rail sources
- SAMA's register identifies Al Rajhi Bank and Saudi National Bank as licensed local banks and separates banking from payment-service licences.
- STC Bank and D360 operating status is established by separate SAMA launch notices.
- A bank licence does not prove product eligibility, pricing, approval or payment-rail participation.
- The in-force DPF rules protect eligible deposits up to SAR 200,000 including principal and accrued commission or return per eligible depositor per member bank.
- Deposits across branches and currencies at the same bank aggregate, while eligible deposits at different member banks are assessed separately.
- Inter-bank deposits, bearer instruments, repurchase agreements, EMI money, payment balances and investments do not inherit this statement.
- SAMA owns sarie, launched in 2021 for instant low-value transfers among participating local banks around the clock.
- The page states a SAR 20,000 low-value scope and alternative identifiers for eligible transfers, with a lower no-beneficiary-activation threshold.
- Participation, direction, exact limit, fee, screening and availability remain provider-specific.
- SAMA distinguishes SARIE RTGS, mada card and ATM infrastructure and SADAD bill payment as national payment systems.
- System infrastructure does not prove every provider or product supports each rail.
- A mada card, IBAN, SADAD option or sarie transfer does not create deposit protection.
- SAMA's current register separates Electronic Money Institutions from Payment Institutions and lists the urpay entity by its unified number.
- An EMI may issue electronic money but is not a bank merely because it is licensed by SAMA.
- Licence status does not prove every wallet, card, remittance or merchant feature.
- The rules define an electronic wallet as an EMI service for issuing, storing and managing electronic money.
- EMI safeguarding and customer-limit duties remain separate from the bank DPF framework.
- A parent-bank affiliation does not reclassify wallet money as a deposit at that parent bank.
Unavailable or deliberately not inferred
- A universal winner, guaranteed approval, permanent rate or permanent fee.
- DPF coverage for urpay, Wise, PayPal, finance, investments, rewards or cards.
- A separate protection limit for each app section at the same institution.
- Universal sarie, SARIE RTGS, mada, SADAD, cash, ATM or open-finance support.
- Independent onboarding, payment, support, fraud-recovery or insolvency testing.