RIYAD BANK* Charge (What It Is + Is It Legit?)
✓ LegitimateThe "RIYAD BANK*" charge is from Riyad Bank. Riyad Bank Saudi Arabia banking fee.
Riyad Bank
Riyad Bank Saudi Arabia banking fee.
Category
Banking
Avg. Charge
Variable
Country
SA
Billing Cycle
One-time
Cancel At
riyadbank.com/contact-us
Support
+966-920-002-470
Why does this charge appear?
When Riyad Bank processes fees and transactions through international payment networks, the billing system truncates the merchant identifier to fit within the character limits imposed by card networks like Visa and Mastercard, resulting in the shortened "RIYAD BANK*" descriptor on your statement. The asterisk following the name is a standard formatting convention used by Saudi Arabian banking institutions to separate the institution name from any additional transaction reference codes that may follow. If you see RIYAD BANK* on your statement, it is almost certainly a legitimate charge from Riyad Bank, one of Saudi Arabia's largest financial institutions, related to account fees, service charges, or cross-border transaction costs.
What should you do?
Verify Your Riyad Bank Account Activity
Log in to your Riyad Bank account at riyadbank.com and review your recent transactions to confirm the RIYAD BANK* charge matches a banking fee associated with your account, such as a service fee, maintenance charge, or transaction fee.
Check Your Riyad Bank Fee Schedule
Review the fee schedule tied to your specific Riyad Bank account type to confirm whether the RIYAD BANK* charge amount aligns with expected banking fees, such as monthly account maintenance or international transaction charges.
Contact Riyad Bank for Clarification
If you are unsure why the RIYAD BANK* charge appeared, reach out to Riyad Bank directly through their official contact page at riyadbank.com/contact-us to request a detailed explanation of the specific fee and when it was applied.
Manage or Adjust Your Riyad Bank Account Plan
If the RIYAD BANK* banking fee is recurring and you want to reduce or eliminate it, visit riyadbank.com/contact-us to speak with a Riyad Bank representative about switching to an account type with lower fees or waiving eligible charges.
Is this charge fraudulent?
No, this is a legitimate charge from Riyad Bank. However, if you did not authorize this charge or cancelled your subscription, you may be eligible for a refund.
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