Al Rajhi Capital Deposit

al rajhi capital Deposit & Withdrawal Guide 2025: Methods, Limits, and Processing Times Explained

Part 1: al rajhi capital Minimum Deposit Explained

Minimum Deposit Amount

The minimum deposit for opening an investment account with al rajhi capital is SAR 1,000. This amount is applicable to various types of investment accounts offered by the firm.

Account-Type Comparison

• Investment Account: Minimum deposit of SAR 1,000.
• Robo-Advisory Account: Minimum deposit of SAR 5,000.
• Mutual Funds: Minimum investment can start from SAR 10.

Advantages

1. Low Entry Barrier: The minimum deposit is relatively low compared to other investment platforms.
2. Diverse Investment Options: Clients can choose from various account types and investment funds.
3. Sharia-compliant Investments: All investment options adhere to Islamic finance principles.
4. User-friendly Platform: The al rajhi capital app provides a seamless investment experience.

Disadvantages

1. Higher Minimum for Certain Accounts: Some accounts, like the Robo-Advisory, require a higher initial investment.
2. Limited International Options: Focused primarily on the Saudi market, which may not appeal to all investors.
3. Fees on Certain Transactions: Some transactions may incur fees, reducing overall returns.

Competitor Comparison

Compared to competitors like NCB Capital and Samba Capital, al rajhi capital offers a lower minimum deposit for basic investment accounts but may have higher minimums for advanced investment options.

Part 2: al rajhi capital Deposit Methods Comprehensive Guide

Available Deposit Methods

1. Bank Transfer

• Processing Time: Instant to 1 business day.
• Fees: Generally free.
• Availability/Regions: Available to all customers in Saudi Arabia.
• Limits: Minimum SAR 1,000; maximum varies by account type.
• Pros: Secure and direct.
• Cons: May take longer if not processed during business hours.

1. Credit/Debit Cards

• Processing Time: Instant.
• Fees: Typically free.
• Availability/Regions: Accepted for local transactions.
• Limits: Minimum SAR 1,000; maximum depends on card limit.
• Pros: Quick and convenient.
• Cons: Not available for international transactions.

1. Cash Deposit Machines (CDMs)

• Processing Time: Instant.
• Fees: Free for al rajhi bank customers.
• Availability/Regions: Available across Saudi Arabia.
• Limits: Minimum SAR 1,000; maximum varies.
• Pros: 24/7 access.
• Cons: Limited to cash deposits only.

1. Mobile App Deposits

• Processing Time: Instant.
• Fees: Free.
• Availability/Regions: Available to all users with the app.
• Limits: Minimum SAR 1,000; maximum varies.
• Pros: Convenient and user-friendly.
• Cons: Requires a smartphone.

Supported Currencies

The primary currency for deposits is the Saudi Riyal (SAR). Other currencies may not be supported for direct deposits.

Recommended Methods

For quick and hassle-free deposits, using the mobile app or credit/debit cards is recommended due to their instant processing times.

Part 3: al rajhi capital Deposit Steps Explained

Deposit Procedure

1. Choose Deposit Method: Select your preferred method (bank transfer, card, etc.).
2. Log In: Access your al rajhi capital account via the website or mobile app.
3. Navigate to Deposit Section: Find the deposit option in your account dashboard.
4. Enter Deposit Amount: Specify the amount you wish to deposit (minimum SAR 1,000).
5. Complete Transaction: Follow the prompts to complete the deposit, including any necessary verification.

Mobile vs Web Platform Differences

• Mobile App: Offers a streamlined process with fewer steps and instant notifications.
• Web Platform: May require additional verification steps and is less optimized for quick deposits.

KYC/Verification Notes

New users must complete KYC (Know Your Customer) verification before making deposits. This includes submitting identification and proof of address.

Common Issues and Solutions

• Transaction Delays: If deposits take longer than expected, check with customer support.
• Verification Issues: Ensure all documents submitted for KYC are clear and complete.

Typical Fund Crediting Times

Deposits via bank transfer may take up to 1 business day, while card deposits and CDM transactions are credited instantly.

Part 4: al rajhi capital Withdrawal Methods Overview

Available Withdrawal Channels

1. Bank Transfer

• Processing Times: 1 to 3 business days.
• Fees: Generally free for local transfers.
• Supported Currencies: Primarily SAR.
• Limits: Minimum SAR 500; maximum varies.
• Pros: Secure and reliable.
• Cons: Longer processing time compared to other methods.

1. ATM Withdrawals

• Processing Times: Instant.
• Fees: SAR 28 for withdrawals from al rajhi ATMs; SAR 42 from other local banks.
• Supported Currencies: SAR only.
• Limits: Up to 30% of your credit limit.
• Pros: Immediate access to funds.
• Cons: Limited to ATM withdrawal limits.

1. Mobile App Withdrawals

• Processing Times: Instant.
• Fees: Free.
• Supported Currencies: SAR only.
• Limits: Minimum SAR 500; maximum varies.
• Pros: Convenient and user-friendly.
• Cons: Requires the app and internet access.

Recommended Withdrawal Options

For speed, mobile app withdrawals are recommended, while bank transfers are better for larger amounts due to higher limits.

Part 5: al rajhi capital Withdrawal Steps Explained

Withdrawal Instructions

1. Log In: Access your al rajhi capital account on the website or app.
2. Navigate to Withdrawal Section: Find the withdrawal option in your account dashboard.
3. Select Withdrawal Method: Choose your preferred method (bank transfer, ATM, etc.).
4. Enter Amount: Specify the amount you wish to withdraw (minimum SAR 500).
5. Complete Transaction: Follow the prompts to confirm and complete your withdrawal.

ID Verification Requirements

For withdrawals, users may need to verify their identity, especially for larger amounts or if withdrawing to a new bank account.

Expected Fund Arrival Time

• Bank Transfers: 1 to 3 business days.
• ATM Withdrawals: Instant.

Typical Delay Reasons and How to Resolve Them

• Bank Processing Delays: Contact customer support if funds do not arrive within the expected timeframe.
• Verification Issues: Ensure all KYC details are up-to-date and accurate.

FAQs – al rajhi capital Deposits & Withdrawals

1. What is the minimum deposit for al rajhi capital？

• The minimum deposit is SAR 1,000 for standard investment accounts.

1. How long do withdrawals take？

• Withdrawals typically take 1 to 3 business days for bank transfers and are instant for ATM withdrawals.

1. Are there fees for deposits or withdrawals？

• Deposits are generally free, while withdrawals may incur fees depending on the method used.

1. Can I use the same method for both deposits and withdrawals？

• Yes, you can use the same method for both, such as bank transfers or ATM withdrawals.

1. Does al rajhi capital support cryptocurrency or local payment methods？

• Al rajhi capital does not support cryptocurrency deposits or withdrawals; transactions are primarily in Saudi Riyals (SAR).