Last Updated on 18 March 2024
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Thank you for providing your details.FAB Abu Dhabi Pay Elite Corporate Card
Abu Dhabi Pay Elite Corporate Card
Features
- There are no charges for card issuance, loading or reloading fees
- The card can be used for Abu Dhabi government transactions and other merchants by corporates
- The card is valid for Five-years from the date of issue The Maximum card balance is AED 2,500,000
- Corporate cards require KYC/KYB (Know Your Customer/Know Your Business) registration, no bank account required Abu Dhabi Pay Elite Corporate Card can be loaded or reloaded through the following channels
- FAB Cash Deposit Machines (CDMs)
- FAB iBanking and Nafura
- Distribution channels and government counters (available soon)
- UAE Funds Transfer System (UAEFTS)
Required Documents
- The Documents required for the Abu Dhabi Pay Elite corporate card
- Completed Abu Dhabi Pay Elite Card Application Form
- Valid Emirates ID (front and back)
- Company Trade Licence/Registration document
- Certificate of Incumbency (if applicable)
- Proof of address
- Official company letter
- Power of Attorney (POA)/Board Resolution
- Memorandum/Articles of Association (If applicable)
- Completed FATCA Entities Form
- Company bank statement (3 months)
Main Benefits
- The maximum card balance is AED 2,500,000
- The maximum card load is AED 2,500,000
- The Maximum reload amount per transaction at FAB CDMs is AED 75,000
- The Maximum reload amount per day at FAB CDMs is AED 75,000
- The Maximum reload amount per month at FAB CDMs is unlimited
- The card loading and reloading fees are as follows
- FAB Cash Deposit Machines (CDMs): Free
- Distribution channels and government counters: Free(available soon)
- FAB iBanking and Nafura: Free
- UAE Funds Transfer System Free(UAEFTS)
- Corporate can can be purchased/applied through:
- Magnati offices
- FAB’s website (www.bankfab.com)
- FAB iBanking (available soon)
- There are no issuance costs if the customer chooses to collect them from Magnati offices. If the customer requests card delivery, there will be a charge of AED 25
- Cash withdrawals are not permitted for corporate cards.
- All the UAE registered companies are eligible for getting this card
- The balance amount may be refunded on FAB ATMs (if cash withdrawal feature is available)
- The card user can place a request at Magnati offices to receive a refund of the balance of your Abu Dhabi prepaid card. Please note that incomplete refund requests cannot be processed.
Frequently Asked Questions
Q. What is the maximum amount of balance on the card?
A. The maximum card balance is AED 2,500,000
Q. Who is eligible to receive the card?
A. All the UAE registered companies are eligible to get this card
Q. Is cash withdrawals permitted on this card?
A. Cash withdrawals are not allowed on this card
Q. How long is the card valid?
A. The card is valid for five years from the date of issuance
Q. Are there any charges on this card?
A. There are no charges for card issuance, loading or reloading fees
FAB
First Abu Dhabi Bank (FAB) is one of the largest banking institutions established in 2017 and is a merger of NBAD and FGB. FAB offers tailor made solutions, products and services to the customers.The international network of FAB is spread over 5 continents providing global relationships, expertise and financial strength to local and international business. FAB offers its diversifying services by having differentiation, agility and innovation as their main motto and vision
Get in touch with FAB Customer Care