Don’t have an alrajhi bank account? Create one now
SWAR
The payment bracelet is an innovative and secure way for children, allowing them to make their daily purchases locally and internationally with ease.
This bracelet operates similarly as the alrajhi bank mada card for dependent accounts, as it is linked to the current account, allowing parents to control and monitor it.
SWAR's Benefits
Bracelet provides a secure solution for children to make purchases without the need to carry cash.
Child can simply pass the bracelet over the payment device reader to complete the purchase transaction.
Parents can control and monitor all purchasing transactions made by the child through the alrajhi bank application.
SWAR's Features
Cash withdrawal from ATMs that support Near Field Communication (NFC) technology.
Payment through point-of-sale devices via “NFC” Near Field Communication technology.
Free instant notification service via SMS that keeps you informed of all executed financial transactions.
Service And Fees
Service | Fees |
---|---|
Issuance Fee | Free |
Renewal Fee | Free |
Delivery fees | SAR 30 |
Replacement in case of Lost or damaged | SAR 30 |
Replacing A debit Card with Bracelet | SAR 30 |
Cash withdrawal through Saudi Payments Network ATMs | Free |
Cash withdrawal through Gulf Cooperation Council countries ATMs | SAR 10 |
Balance inquiry through GCC countries ATMs | SAR 3 |
Cash withdrawal (International) | SAR 25 |
Balance inquiry (International) | SAR 3.5 |
Additional fee on International Transactions* | 2.75% |
*Prices above are not VAT inclusive.
How to order the bracelet
Ensure that your child has their own "dependent" account before following the below steps:
- Log in to the Al Rajhi Bank app.
- Select Family Management
- Select the Minor’s name
- Select child’s minor account
- Navigate to account settings
- Select replacement
- Select replacement reason
- Submit the application
How to activate the bracelet
- Log in to the Al Rajhi Bank app.
- Select Family Management
- Select the Minor’s name
- Select child’s minor account
- Click on activate bracelet
- Allocate a PIN for the bracelet
- Follow the instructions and submit
General terms
Opening a "dependent account" for the child through the alrajhi bank application or by visiting the nearest Al Rajhi Bank branch.
The customer must ensure the destruction of the bracelet after the expiration dates shown in alrajhi bank app.
In case of loss or theft of the bracelet, please inform the bank immediately.
Existing current account for the parent.
The bracelet can only be issued through Al Rajhi Bank’s application and cannot be issued from branches
Don’t have an alrajhi bank account? Create one now
Frequently Asked Questions:
Share