Saudi Arabia
activeFeaturedNeobankHalal banking
- HQ
- Riyadh
- Fee
- Confirm live — fees page on d360.com/en/services-fees
STC Bank
Ex-stc pay. SAMA digital bank. Same company numbers, new licence class.
Legal entity: STC Bank (formerly Saudi Digital Payments Company)
Rate this app
6.9Mixed
AlternativesFive questions
At a glance
Is it a bank?
Yes — Licensed digital bank (formerly Saudi Digital Payments Company / stc pay) (Saudi Central Bank (SAMA)). Still read the entity on the statement.
If it fails?
SAMA-licensed digital bank after the transformation from Saudi Digital Payments Company. Eligible bank deposits follow the kingdom’s bank scheme. The old e-wallet recovery story is not this file — read which product you still hold.
Salary?
Not listed. An IBAN or sort code is not automatically a salary account.
Open from abroad?
Saudi KYC. Existing stc pay customers should read the in-app conversion, not a directory.
Monthly fee
Confirm live in the STC Bank app
Account number
No IBAN-class local rail on this file.
NeoBankDBVerdict
Licence first · score second
6.9
/10 · Mixed
STC Bank’s own notice is the file: formerly Saudi Digital Payments Company, owner of stc pay, now licensed by SAMA to carry out digital banking. Same corporate registration numbers. SAMA no-objection to commence banking operations effective 28 January 2025. Directories that still say ‘stc pay e-wallet’ are describing the previous class. Barq remains an e-wallet. D360 is a digital bank built as a bank. STC Bank is a wallet that became a bank. During conversion, read which product you actually hold. Eligible deposits follow SAMA bank rules only on the bank product.
What it is
Saudi Digital Payments Company sat inside stc. The 2025 transformation is a licence-class change, not a new app icon. This file exists so ‘stc pay’ searchers land on the bank.
Best for: Existing stc pay users in Saudi Arabia whose balance is moving onto a SAMA digital bank.
Last checked 2026-09-02. Not advice.
What it does well
- +SAMA digital-bank licence on their transformation notice
- +Same corporate registration numbers
- +Distribution via stc
- +Not Barq
What to watch
- −Wallet vs bank product during conversion — name what you hold
- −Young as a bank (operations 2025)
- −Group telco is not the deposit insurer
- −Fees not printed clearly on the home animation
Legal entity, not the app icon
Who is behind it
- Legal name
- STC Bank (formerly Saudi Digital Payments Company)
- Formerly
- stc pay · Saudi Digital Payments Company
- Parent
- Saudi Telecom Company (stc) — subsidiary, per trade press and the transformation notice
The product, not the brand colour
The account
- Platforms
- iOS · Android
- Account types
- Digital bank (converted from e-wallet)
- Partner bank
- STC Bank
- Availability
- Kingdom of Saudi Arabia
- Remote open
- Saudi KYC. Existing stc pay customers should read the in-app conversion, not a directory.
How money actually moves
- Who holds the cash
- Bank balance
- How money moves
- In-app ledger
- Built for
- Personal
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Bank-grade; still not freeze-proof
- Card
- visa · physical · virtual · Apple Pay · Google Pay
Licence first
Safety
SAMA-licensed digital bank after the transformation from Saudi Digital Payments Company. Eligible bank deposits follow the kingdom’s bank scheme. The old e-wallet recovery story is not this file — read which product you still hold.
Holder / issuer: STC Bank (formerly Saudi Digital Payments Company)
- Saudi Central Bank (SAMA)Licensed digital bank (formerly Saudi Digital Payments Company / stc pay) · Saudi Arabia
Fees
- Monthly
- Confirm live in the STC Bank app
- FX markup
- Confirm live
- ATM
- Confirm live
Features
- –IBAN
- –Fee-free core
- –Multi-currency
- ✓Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- SAMA digital bank
- Ex-stc pay wallet
- stc group distribution
- Same CR numbers on their notice
Before you tap Sign up
How to open
Step 1
Name the class
SAMA digital bank. Not the old e-wallet class. Not Barq.
Step 2
Existing stc pay users
Follow the in-app transformation. Same company numbers, new licence.
Step 3
New customers
KYC in the STC Bank app. Residency-gated.
Operator documents
Their own papers
These are the operator’s documents. They outrank this review if they disagree.
Score
- Safety25%
- 8.0
- Fees20%
- 7.2
- Features15%
- 7.8
- App15%
- 8.0
- Global15%
- 2.8
- Support10%
- 7.0
Change log
Full logLicence
stc pay / Saudi Digital Payments Company became STC Bank
SAMA digital bank. Same corporate registration numbers. Not Barq. Not an e-wallet class anymore.
Available in
Straight answers
FAQ
01Is STC Bank a bank?
STC Bank holds a banking-style licence (Saudi Central Bank (SAMA)). Still read the legal entity on the statement, not the app icon.
02How is money protected?
SAMA-licensed digital bank after the transformation from Saudi Digital Payments Company. Eligible bank deposits follow the kingdom’s bank scheme. The old e-wallet recovery story is not this file — read which product you still hold.
03Where is STC Bank available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with STC Bank.
04Card and wallets?
visa · physical · virtual · Apple Pay · Google Pay
05Can I open STC Bank remotely?
Saudi KYC. Existing stc pay customers should read the in-app conversion, not a directory.
06What is the legal name behind STC Bank?
STC Bank (formerly Saudi Digital Payments Company) (formerly stc pay · Saudi Digital Payments Company). Read the entity on the statement, not the app icon.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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