Tweeq
Saudi spending account.
- Who holds it
- An e-money institution holds your balance in a safeguarding account — SAMA e-money license.
- The ledger
- The e-money institution’s own ledger.
- If it fails
- Safeguarded funds are returned in administration — ring-fenced, but access can be frozen and slow.
Derived from Tweeq’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional |
| HQ | Riyadh, SA |
| Founded | 2022 |
| Custody | Custodial |
| Regulation type | E-money institution |
| License detail | SAMA e-money license |
| Card | Mada/Visa · Debit |
| Stablecoins | No |
| KYC | Yes |
| Active regions | MENA |
Verified links: official site ↗
Common questions about Tweeq
What is Tweeq?
Tweeq is a fiat neobank, headquartered in Riyadh, SA and founded in 2022. Your money is held custodially, so Tweeq or its partner bank holds the balance and you hold a claim on it. It is regulated as an e-money institution (SAMA e-money license).
Does Tweeq have a card, and where can you use it?
It issues a Mada and Visa debit card. It is available in MENA.
Does Tweeq require KYC?
Yes. Tweeq requires identity verification (KYC) to open an account, as a e-money institution.
Peers
Wise · Telda · Wio Bank · Zand · YAP · Liv.
Tweeq appears in
Neobanks authorised as e-money institutions (48) · Neobanks available in MENA (85) · Neobanks that issue a Visa card (182) · Neobanks on domestic card networks (16)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.