Bing Bang | meem Digital Bank - Kingdom of Saudi Arabia

Make your money work harder with meem!

Enjoy up to 3% profit on your meem OnePack account  

Last update on 17/1/2024

Make your money work harder with meem!

Last update on 17/1/2024

Enjoy up to 3% profit on your meem OnePack account

Open your account now!

3% Profit

Earn 3% profit on your savings, for balances from SAR 10,001 - SAR 200,000

Unmatched Flexibility

No lock-ins, and no restrictions on withdrawals. We calculate profit based on your average monthly average balance.

Profit Rewarded Monthly

We credit your profit earnings monthly! Profit is rewarded based on your monthly average balance

Control at your fingertips

Saving has never been easier! Use meem Auto-sweep feature to move money into your savings account automatically.

Monthly Average Balance in OnePack account Profit Rate (Per Annum)

SAR 0 - 10,000

0.05% (on the entire balance)

SAR 10,001 - 200,000

3% (on the entire balance)

SAR 200,000 and above

3% - Up to SAR 200,000  + 0.25% - SAR 200,000 and above



Open to nationals and residents of the Kingdom of Saudi Arabia aged 18 and above upon opening a meem OnePack account.

The profit rate is applicable only to the balances maintained in the meem savings account in Saudi Riyals and not in any other currency.

For November 2023, the profit rate will be only apply to the last 10 days of the month from 21st to 30th November 20

The profit rate is calculated based on the monthly average balance in your meem OnePack Savings account.

The profit will be credited to your meem OnePack account before 10th of every month for the balances maintained for the previous month.

The profit will only be credited if your meem OnePack account is in active status and is not blocked or frozen during the time of credit.

The profit rate is valid from 21st Nov 2023 until 31st December 2024, and is subject to change based on bank's internal policy criteria.

Frequently asked questions

What is the 3% offer on savings in the meem OnePack account?

The meem OnePack account is a 3-in-1 account with a combination of current, savings and foreign currencies tied to one card. Whenever you add funds to your meem OnePack account, our Auto-sweep feature can automatically move money to the OnePack savings account which is a profit bearing Shariah Compliant account. You can earn up to 3% Profit on the monthly average balance maintained in the account

How is the profit calculated?

Every month, we calculate the monthly average balance in your meem OnePack savings account. The profit is calculated based on the average balance tiers mentioned in the table above. There are no restrictions on withdrawals, so you can enjoy full flexibility while making your money grow!

When is the Profit paid?

The profit is calculated every month based on the monthly average balance in your OnePack savings account, based on the table below. The profit will be credited to your meem OnePack account before the 15th of every month for the balances maintained for the previous month.

 

Monthly Average Balance in OnePack account Profit Rate (Per Annum)

SAR 0 - 10,000

0.05% (on the entire balance)

SAR 10,001 - 200,000

3% (on the entire balance)

SAR 200,000 and above

3% - Up to SAR 200,000  + 0.25% - SAR 200,000 and above

How do I fund my OnePack account?

You can easily fund your meem OnePack account in any of the following ways:
a) Bank transfer – Transfer money from another bank to your meem OnePack account.
b) Cash or Cheque Deposit - Deposit Cash or Cheques at any of our GIB branches.  
Login to the meem app and select “Add money” button to learn more.

Is there a minimum amount required to open a meem OnePack Account?

There is no minimum amount required to open a meem OnePack account.

Are there any fees incurred upon opening or cancelling a meem OnePack account?

There are no fees applied annually or upon opening or cancelling a meem Onepack account.

What is the auto-sweep feature?

meem's Auto-sweep feature automatically moves money from your current account to your savings account on the meem OnePack which is a profit bearing Shariah Compliant account. This allows you to maximize your profit, and also allows you the flexibility to use your meem OnePack account for all transactions. Whenever the balance in meem OnePack account falls below zero, we automatically debit the OnePack savings account to process your transaction. You can login to the meem app to configure the auto-sweep and start saving easily!

Is there any threshold for the auto-sweep feature?

Yes, there is. To maximize your savings, the autosweep feature is set to SAR 0. You can login to the meem app at anytime to configure meem Auto-sweep feature. Whenever the balance in meem OnePack account falls below zero, we automatically debit your OnePack savings account process the transaction. This gives you full flexibility to perform all transactions using your OnePack account, and maximizing your savings at the same time. 

Are there any restrictions like a lock-in period or limit to withdrawals?

There are no lock-ins, and no restrictions on withdrawals from your meem OnePack account. Profit is calculated based on your monthly average balance so you can enjoy unlimited withdrawals and flexibility with meem!

Download the app to get started

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