FAB Government Black Corporate Card

Features

• The cost of the card is AED 25 which will be deducted from the first load
• The Corporate cards require KYC/KYB (Know Your Customer/Know Your Business) registration, no bank account required
• The card has five years validity
• The Maximum card balance is AED 10,000,000
• The card can be used for government transactions
• The Government Black Corporate Card can be loaded or reloaded through: FAB Cash Deposit Machines (CDMs)
• FAB iBanking corporate
• Distribution channels and MBME Kiosks
• The UAE Funds Transfer System (UAEFTS)
• The loading and reloading fees is as follows:
• FAB Cash Deposit Machines (CDMs): AED 5
• MBME Kiosks: AED 5
• Distribution channels and iBanking: AED 5
• The UAE Funds Transfer System (UAEFTS): AED 5

Required Documents

• The documents required for the Government Black Corporate Card are as follows
• - Completed Government Black Corporate Card Application Form
• - Valid Emirates ID (front and back)
• - Company Trade Licence/Registration
• - 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 statements (for three months)

Main Benefits

• The maximum card balance is AED 10,000,000
• The maximum load amount is AED 10,000,000
• 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 Cards can be purchased and applied for through the following channels
• - Magnati offices
• - FAB’s website (www.bankfab.com)
• - FAB iBanking (will be available soon)
• Cash withdrawals are not permitted for corporate cards.
• This card is available to all UAE-registered companies.

Frequently Asked Questions

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