Bank Saderat Iran products, services and reviews

About Bank Saderat Iran

Bank Saderat Iran is a large commercial bank founded in 1952 and headquartered in Tehran, operating under the supervision of the Central Bank of Iran. After nationalization in the post-1979 period, it has continued to run a broad domestic branch and ATM network and offers standard retail and corporate services, including current and savings accounts, term deposits, debit cards linked to Iran’s Shetab payment network, domestic transfers, consumer and business lending, trade finance instruments such as guarantees and letters of credit, foreign exchange services as permitted by regulation, and digital channels through internet and mobile banking. The bank has maintained an international footprint at various times through overseas branches and subsidiaries, though cross-border activity has been frequently constrained by international sanctions and related compliance requirements, which can limit correspondent relationships and access to major currencies and global payment systems. Financial reporting and governance follow Iranian banking regulations, with periodic audited statements published in Persian; products are primarily rial-denominated, and pricing and credit activity are influenced by domestic monetary policy and regulatory directives. Deposits fall under the framework of the Iran Deposit Insurance Corporation subject to local coverage limits, and customer onboarding, KYC/AML controls, and foreign-currency services are administered according to Iranian law and licensing conditions. Operational considerations for non-residents include restricted service availability due to sanctions and local eligibility rules, and service scope may change in response to regulatory updates in Iran or in host jurisdictions.