How To Withdraw Money From Frozen Account With Expired Iqama

Withdrawing money from a frozen account is a difficult task in Saudi Arabia, yet possible. In KSA the banks can freeze your accounts but can’t stop you from withdrawing your hard-earned money.

There are three major reasons why your bank account is frozen in KSA. 

• You have not renewed an expired iqama.
• The bank detects suspicious activities or transactions happening through your account.
• You have attained a final exit from the Kingdom of Saudi Arabia

The Saudi Central Bank barre the banks to not block your amount. There are different ways to withdraw the amount from a frozen Saudi bank account in each case.

Related Read: Renew iqama in Bank Al Bilad

Withdraw Money From Account Frozen Due To Iqama Expiry

The easiest way to withdraw money from a frozen bank account is to renew your iqama. But if you or your company haven’t renewed your iqama due to some reasons, you can still withdraw your amount in the following way:

• Take your expired iqama along with your passport to the relevant bank.
• Get the token and wait for your turn.
• On your turn, tell the officer your query and show the expired iqama.
• They’ll ask for the required documents or proofs (Each bank has different protocols, most of them only ask for your passport and expired iqama)
• The bank will process your query and upon confirmation, they will write you a check through which you can withdraw your amount.

Recommended Read: How To Update Iqama In Bank Al Rajhi

Withdraw Money From Frozen Account Due To Final Exit

Remember that if you have attained Khurooj Nihai(Final Exit) but your iqama is still not expired, you can use the bank account. However, in case of iqama expiry, you can follow these steps:

Procedure

• Visit the relevant bank’s branch along with your expired iqama and Saudi passport.
• Take a token from the ‘Token Machine’ and wait for your turn.
• Explain your query to the officer and he will ask you for proof.

• Show them the expired iqama and any other documents that they ask for.
• They will send your query for approval and give you a certain time(Maximum of two days) till your request is approved.
• Now the bank will either open your frozen account temporarily or write you a check. You can withdraw money from your frozen bank account in both cases.

Recommended Read: How To Renew/ Update Iqama in Bank al Ahli

Withdraw From Account Frozen Due To Commercial Activity

Another major cause for the freezing of bank accounts is the suspicion of commercial activity. If the bank notices irregular transactions to and from your account, they notify you 30 days before freezing your bank account.

For example, your salary is SR10,000, but SR25,000 is deposited to your account each month i.e. the volume increases your monthly salary amount. The bank will become suspicious thinking that you are running an unregistered side-business along with your job. 

In this case, you can withdraw the amount in two ways:

• Withdraw the amount within 30 days of the bank’s notification.
• Show the bank your salary letter and provide a valid justification for the irregular transactions.

Also Read:

• How To Pay Iqama Expiry Fine
• How To Refund Money From Absher in Saudi Arabia
• Check Available Iqama Funds And Balance Online | MyKSA
• How To Update Iqama In Bank AlBilad – Enjaz
• How To Update Iqama In SABB Bank