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FAQs

  • Should I verify my account through IAM?

    No, your bank and its services will be within your hands 24/7.

  • Is there a minimum balance required for an STC Bank account?

    No minimum balance is required.

  • Can I transfer money to my contacts by phone number, or I should transfer via an IBAN?

    You can transfer in different ways; phone number, account number, or IBAN.

  • Can I have my monthly salary in my STC Bank account?

    You can share your account number and IBAN with your employer to enjoy all STC Bank benefits.

  • What will happen to my old account number in ANB and Riyad banks?

    It will be canceled, and you'll get a new account number and IBAN for your STC Bank account.

  • Can I transfer the domestic workers’ salaries which will be received on the same day?

    Yes, via Musaned service.

  • Will STC Bank cards have different tiers based on the yearly average balance?

    No, you can choose your preferred card.

  • Will STC Bank have merchant services\portal?

    Yes, we’ll continue to provide merchant services through the portal with additional and new services.

  • Will it be company\merchant and individual accounts?

    You must be +18 years old.

  • Will STC Bank have both company/merchant and individual accounts?

    Yes, both companies/merchants and individuals can enjoy STC Bank benefits and services.

  • Can I digitally open a merchant account with STC Bank online?

    You can open a merchant account through the STC Bank onboarding link.

  • Does STC Bank have a business portal?

    Yes, the business portal allows you to view and execute transactions.

  • Will STC Bank offer merchant services?

    STC Bank will provide merchant services through the portal, offering additional and new services.

  • What payment options are available through STC Bank?

    STC Bank offers various payment options, including Business Payments, QR Payments, Online Payments, Payroll, and Payouts.

  • Can I transfer money via IBAN to beneficiaries outside and within the bank?

    You can transfer funds to any local bank using IBAN instantly.

  • Can I transfer salaries to my employees and obtain the WPS file?

    You can link your account with Mudad to transfer salaries and comply with WPS requirements.

  • What will happen to my old IBAN account number in ANB and Riyad Bank?

    It will be canceled, and you will receive a new account number and IBAN for your STC Bank account.

  • Is there a minimum balance required for an STC Bank account?

    No minimum balance is required.

  • Will there be physical branches for STC Bank?

    No, your bank and its services will be available 24/7 in your hands.

  • How can I activate STC Bank as a payment method in my store?

    You can activate the service by contacting STC Bank representatives at (920011444) or your service provider.

  • Can I transfer funds from a merchant account to individuals using the bulk upload feature by phone number?

    You can execute transactions through the merchant portal or our B2B channel using APIs.

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© STC Bank. All rights reserved

STC Bank, a mixed closed joint stock company, incorporated and existing under the laws of the Kingdom of Saudi Arabia, with paid-up capital of SAR 2,500,000,000, commercial registration number 1010901344 and unified ID number 7010933328, P.O. Box 87912 Riyadh 11652, National Address: 7252 King Khalid Rd – Al Asemah Dist. Ad Dir’iyah 13714 – 5260, Kingdom of Saudi Arabia, www.stcbank.com, licensed by Councils of Ministers under decree 671 dated 12/11/1442H corresponding to 22/06/2021G, and under the oversight and supervision of Saudi Central Bank.

العربية

Regulated by the Saudi Central Bank

Regulated by the Saudi Central Bank

© STC Bank. All rights reserved

STC Bank, a mixed closed joint stock company, incorporated and existing under the laws of the Kingdom of Saudi Arabia, with paid-up capital of SAR 2,500,000,000, commercial registration number 1010901344 and unified ID number 7010933328, P.O. Box 87912 Riyadh 11652, National Address: 7252 King Khalid Rd – Al Asemah Dist. Ad Dir’iyah 13714 – 5260, Kingdom of Saudi Arabia, www.stcbank.com, licensed by Councils of Ministers under decree 671 dated 12/11/1442H corresponding to 22/06/2021G, and under the oversight and supervision of Saudi Central Bank.

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