Alinma Bank has launched its new Family Account for bank partners (customers), a product that facilitates the efficient management of household finances. With the Family Account, primary accountholders can create subaccounts for their immediate family members and can then manage the balances, spending limits and authorizations related to those accounts. All of this can be executed directly through the bank’s Alinma Internet service, including the account opening process, without the need to visit an Alinma Bank branch. No fees are assessed for opening a Family Account. Additionally, primary accountholders can choose to open either current or savings accounts for their family members and can issue Alinma Mada cards for those accounts, which can be printed directly at selected Alinma ATMs, without the need to visit the branch. The Family Account provides the option to access the full array of account functionality including transfers and online account management, depending on the privileges designated by the primary accountholder.