Last Updated on 18 March 2024
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Thank you for providing your details.FAB Al Ruzmah Corporate Card
Al Ruzmah Corporate Card
Features
- The cost of the card is AED 30 which will be deducted from the first load
- The Corporate cards will require KYC/KYB (Know Your Customer/Know Your Business) registration, no bank account required
- The Maximum card balance of AED 2,500,000
- The card is valid for a period of five years from the date of issue
- The Al Ruzmah Corporate Card can be loaded or reloaded through:
- FAB Cash Deposit Machines (CDMs)
- FAB iBanking and Nafura (available soon)
- Distribution channels (available soon)
- MBME Kiosks
- The UAE Funds Transfer System (UAEFTS)
- The loading or reloading fees is as follows
- FAB Cash Deposit Machines (CDMs): AED 10
- MBME Kiosks: AED 10
- Distribution channels: AED 10 (available soon)
- FAB iBanking: AED 5 (available soon)
- FAB Branch and Nafura (available soon): AED 25
- UAE Funds Transfer System (UAEFTS) : AED 5
Required Documents
- The Documents required for the Al Ruzmah Corporate Card are as follows
- Completed Al Ruzmah Corporate 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 (three months)
Main Benefits
- The Maximum card balance is AED 2,500,000
- The Maximum load amount 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 prepaid card can be purchased/applied for through the following channels.
- Magnati offices and FAB RAK branches
- FAB’s website (www.bankfab.com)
- FAB iBanking (available soon)
- Cash withdrawals are not permitted for corporate cards.
- All the UAE registered companies are eligible for getting Al Ruzmah Corportate Card
- The balance amount may be refunded at FAB ATMs if the cash withdrawal feature is available.
- You may request a refund at Magnati offices, incomplete refund requests cannot be processed.
Frequently Asked Questions
Q. What is the cost of the card?
A. The cost of the card is AED 30 which will be deducted from first load
Q. What is the Maximum card balance?
A. The Maximum card balance is AED 2,500,000
Q. Can cash be withdrawn from the card?
A. Cash withdrawals are not permitted for corporate cards.
Q. How long is the card valid?
A. The card is valid for a period of five years from the date of issue
Q. Who is eligible for getting Al Ruzmah Corporate Card?
A. All the UAE registered companies are eligible for getting the card.
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