For the purpose of setting up a unified electronic database for bank accounts, all banks shall establish an electronic registration system in accordance with the classification set forth in Appendix (C) and its updates and based on the information provided in the approved IDs. This system serves as an electronic record, and should include the requirements provided in the paragraphs below as well as the detailed requirements provided in Chapters III and IV herein, as a basis for opening, operating, and following up bank accounts.

- Banks must have in place an electronic record for all Saudi nationals having, as a minimum, the following:

• a. The full name (first, second, third and family name) as shown in the ID.

• b. ID number.

• c. ID expiry date.

• d. National address and contact information.

• e. Employer (if any).

- Information used shall be based on the national ID, family register for minors, or birth certificate for people of special circumstances staying at housing centers of the Ministry of Human Resources and Social Development and shall be obtained from reliable sources.

- Banks must maintain an electronic record for all GCC nationals having, as a minimum, the following:

• a. The full name as shown in the national ID.

• b. National ID number.

• c. National ID expiration date.

• d. Nationality.

• e. Address and contact information.

• f. employer (if any).

- Information shall be obtained from the national ID and from reliable sources.

The bank shall establish an electronic register specifically for non-Saudi resident natural persons, which includes - at a minimum - the following data:

• A. The full name as recorded in the passport, residence permit, or visitor identity. The name shall be recorded in the same language as it appears in the passport or residence permit according to the language priority (Arabic - English - Latin letters). If the name is in a language or characters other than those mentioned, it shall be recorded as it appears in the visa granted by the Saudi embassies and consulates issuing the entry visa.

• B. Nationality.

• C. Residence permit number or visitor identity number and their validity date.

• D. The national address - in case of residence -, the accommodation address in the Kingdom, and the visitor's country - in case of visitation.

• E. Contact information.

• F. Employer (if any).

- For holders of five-year residence cards issued to certain tribal members, the full name as stated on the card, its number, and its validity date shall be recorded.

- Expatriates holding Saudi passports are not permitted to open bank accounts under those passports except with the approval of the Ministry of Interior through the Central Bank.

• The bank shall establish an electronic register specific to legal entities that includes - at a minimum - the following data:

  • A. The full official name of the legal entity according to official documents.
  • B. The unified number for non-governmental establishments starting with the number (7) included in the document required to practice the activity (such as: commercial register, license), in addition to the document number - if any - (in case the account is for the purpose of the main commercial register, the main commercial register number is recorded; if the purpose is for a branch of the commercial register, the branch commercial register number is recorded).
  • C. Identification numbers of the owners - whose names appear in the articles of incorporation according to its latest amendments - authorized to manage the accounts (owners in listed joint-stock companies are exempted from recording their identification numbers).
  • D. The signature specimen of the authorized account manager.
  • E. The national address of the legal entity.
  • F. The tax number (if any).
  • G. The legal entity identifier number (if any).

• For accounts opened based on official approvals or requests, it is required to record the reference number, its date, and the name of the entity issuing that approval or request.

Banks shall use an electronic search system to perform the routine search according to information required in the electronic records under each category. Such search shall cover all transactions, relationships, products and services offered to customers in addition to express transfers and investment deposits.

As a rule between banks and customers, the relationship must start and continue under valid identification documents and IDs for all transactions, whether those covered by the definition of bank account in Chapter I or other contractual relations or account-related services.