Global Economy
Saham Bank Rolls Out 5‑Minute Fully Online Account Opening
Saham Bank has introduced a new service that lets customers open a bank account entirely online in just five minutes via its mobile app, eliminating the need for a branch visit. The move is part of a broader digital transformation that combines speed, convenience, and continued human support, and it follows a series of other digital upgrades such as instant free transfers and 24/7 customer service.
Listen to this article
Unlock audio versions of premium articles and more with a Pro subscription.
5‑Minute Fully Online Account Opening
Saham Bank announced that customers can now open a new bank account entirely online, directly from its mobile app, in just five minutes and without visiting a branch.
This service is part of the bank’s ongoing digital transformation aimed at delivering a smoother, more convenient experience while preserving the personal touch of human advisors.
How it works
- Download or open the Saham Bank app.
- Complete the KYC questionnaire in under five minutes.
- Select the physical branch you wish to be linked to.
- Enjoy instant access to the account and a dedicated relationship manager.
According to Ahmed El Yacoubi, Chairman of the Board, “The five‑minute account opening reflects months of work to simplify banking and free up our teams to focus on high‑value advisory services.”
Broader digital initiatives
The launch follows several other digital upgrades, including free unlimited instant transfers, 24/7 customer support, digital loan applications, tuition‑payment tools for overseas studies, and the MyFX platform for real‑time currency management.
By automating routine tasks, Saham Bank aims to let its advisors spend more time on complex needs such as mortgage financing, corporate funding, wealth‑management strategy, and personalized advice.
What’s next?
In the coming months, the bank plans to roll out new mobile apps tailored to different client segments and modernise its branch network, integrating digital tools to enrich human interaction.
The initiative underscores Saham Bank’s commitment to innovation, speed, and customization, helping customers free up time for their personal projects and ambitions.