Last Updated on 18 March 2024
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Thank you for providing your details.FAB Abu Dhabi Pay Excellence Corporate Card
Abu Dhabi Pay Excellence Corporate Card
Features
- There are No card issuance costs and no loading or reloading fees
- The card can only be used for Abu Dhabi Government transactions by corporates
- Card is valid for five years from the date of issue
- The Maximum card balance is AED 10,000,000
- Corporate cards require KYC/KYB (Know Your Customer/Know Your Business) registration, no bank account is required The card offers easy loading and reloading of funds to help you keep track of your spending.
- The Card can be loaded or reloaded through the following ways
- FAB CDMs
- FAB iBanking and Nafura
- Distribution channels and government counters (available soon)
- UAE Funds Transfer System (UAEFTS)
- The card loading and reloading can be done through the following channels.
- FAB Cash Deposit Machines (CDMs): Free
- Distribution channels and government counters: Free (available soon)
- FAB iBanking and Nafura: Free
- UAE Funds Transfer System (UAEFTS): Free
- Cash withdrawals are not permitted for corporate cards.
Required Documents
- Documents required for the Abu Dhabi Pay Excellence Corporate Card are as follows.
- Completed Abu Dhabi Pay Excellence 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 10,000,000
- The Maximum load amount is AED 10,000,000
- The Maximum reload amount per transaction at FAB CDM 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 AED unlimited
- The card can be purchased/applied for through:
- Magnati offices
- FAB’s website (www.bankfab.com)
- FAB iBanking (available soon)
- There are no card issuance costs if the customer chooses to collect them from Magnati offices. If the customer requests delivery, there will be a charge of AED 25.
- The balance amount on the card may be refunded on FAB ATMs (if cash withdrawal feature is available)
- The card user may place a request at Magnati offices to receive a refund of the balance of your Abu Dhabi prepaid card. The incomplete refund requests cannot be processed.
Frequently Asked Questions
Q. Are cash withdrawals permitted on corporate cards?
A. Cash withdrawals are not permitted on corporate cards
Q. What is the maximum card balance?
A. The maximum card balance is AED 10,000,000
Q. How long is the card valid?
A. The card is valid for a period of five years from the date of issue
Q. What are the charges for issuing the card?
A. There are No card issuance costs and no loading or reloading fees
Q. What is the maximum card load amount?
A. The maximum card load amount is AED 10,000,000
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