The 60-second version
Saudi bank exit needs zero balance certificate, SAR SWIFT to NRE, and closure letter — complete before visa cancel and final gratuity wire.
Final gratuity may credit in SAR — wire before visa cancel and labour card surrender
Al Rajhi / SNB serve Gulf expats — request written closure after final salary and end-of-service credit.
SAR wires to NRE need Indian AD bank FEMA declaration; USD leg common for large gratuity balances.
Tax lane: Saudi tax guide for payroll and gratuity exit.
Saudi bank wind-down
| Bank | Currency | Step |
|---|---|---|
| Al Rajhi | SAR/USD | Written notice |
| SNB | SAR | Zero balance |
| Gratuity | SAR | EOS wire first |
| NRE | INR/USD | SWIFT receipt |
Closure
EOS credit
Wait for gratuity.
Notice
Written closure request.
SAR wire
SWIFT to NRE.
Closure letter
Zero balance cert.
Schedule FA
Last FY foreign account.
Flow
Saudi bank kit
- Account stmt.
- Closure letter.
- SWIFT.
- Passport.
- EOS letter.
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Gratuity timing
Close absher-linked account before iqama cancel — outbound wire may need active iqama at branch.
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Search community threads for the exact phrase, then treat repeated complaints as risk signals rather than official advice.
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FBAR?
US person — FinCEN 114 if aggregate > USD 10K.
Gratuity wire?
End-of-service payment often credits separately — wait before closure.
Schedule FA?
Declare in last FY you held foreign account.
Visa cancel?
Wire before labour card / visa cancel — branch may block outbound transfer after.
TCS?
Inbound remittance may attract TCS — verify AD bank.
Joint account?
Both holders sign closure.
Your NRE account redesignation has a deadline.
Banks don't remind you. You need the right account stack before salary, rent, and EMIs start moving. Get the exact sequence.