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Medina, Saudi Arabia | Where should I setup a bank account in Medina? | Expat Exchange
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Where should I setup a bank account in Medina?

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We asked expats in Medina what banks they use and there advice about banking. They advised...

"Expats considering retirement in Medina, should be aware that the city is considered one of the holiest in Islam, and non-Muslims are not allowed to enter the central part. The cost of living in Medina is relatively low compared to Western countries, but it can vary depending on lifestyle and housing choices. Healthcare in Saudi Arabia is of a high standard, with both public and private healthcare systems available. Expats should also be aware of the strict laws and customs in Saudi Arabia, which are based on Islamic law. This includes strict dress codes, especially for women, and restrictions on alcohol and pork. The official language is Arabic, and while English is widely spoken in business and by younger generations, it can be beneficial to learn some basic Arabic. The climate in Medina is desert-like, with high temperatures during the day and cooler temperatures at night. It is also important to note that the Saudi Arabian government has implemented a "Saudization" policy, which aims to employ more Saudi nationals and could potentially affect the availability of certain services for expats. Lastly, while Saudi Arabia has made significant strides in human rights in recent years, there are still issues, particularly regarding the rights of women and migrant workers. Therefore, it's important for expats to familiarize themselves with their rights and the local laws," said a member in Medina, Saudi Arabia.

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Where should I setup a bank account in Medina?

If you live in Medina, newcomers to Medina would love to hear your answer to this question.


SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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