FAB Wafer Individual Card

Features

• The card issuance cost is AED 30 which will be deducted from the first load
• It is easy issue prepaid card without registration or a bank account
• The card is valid for five years from the date of issuance
• The Initial load amount will be limited to maximum AED 3,500 and this can be used on the RAK Pay government transactions only.
• Reload and cash withdrawal capabilities will be enabled once the full KYC (Know Your Customer) is completed and this is with a maximum limit of AED 10,000
• This card offers easy loading and reloading of funds to help you keep track of your spending.
• The Wafer Individual Card can be loaded or reloaded through the following channels
• FAB Cash Deposit Machines (CDMs)
• The FAB Mobile app and Online Banking for retail
• The payit mobile app (available soon)
• Distribution channels (available soon)
• MBME Kiosks
• The UAE Funds Transfer System (UAEFTS)
• The card loading or reloading fees is as follows
• FAB Cash Deposit Machines (CDMs): AED 10
• MBME Kiosks: AED 10
• Distribution channels: AED 10 (available soon)
• The FAB Mobile app, Online Banking and iBanking: AED 5
• FAB Branch and Nafura: AED 25
• The payit mobile app: AED 5 (available soon)
• The UAE Funds Transfer System (UAEFTS) : AED 5
• The Wafer Individual Card is available at Magnati offices, FAB RAK branches and distribution channels

Main Benefits

• Card users who are not registered the maximum card balance is AED 3,500
• Card users who completed KYC get maximum card balance and maximum load balance of AED 10,000
• Card users who are not registered the maximum load amount is AED 3,500 one time only
• Maximum reload amount per transaction at FAB CDMs is not allowed for non registered users
• Maximum reload amount per transaction at FAB CDMs for KYC users is AED 10,0000
• Maximum reload amount per day at FAB CDMs for KYC users is AED 10,000
• Maximum reload amount per month at FAB CDMs for non KYC users is not allowed
• Maximum reload amount per month at FAB CDMs for KYC users is unlimited reload
• Withdrawal allowance per transaction for KYC users is AED 10,000
• Withdrawal allowance per day for KYC users is AED 10,000
• Withdrawal allowance per month for KYC users is unlimited The balance amount can be refunded at FAB ATMs (if the cash withdrawal feature is available).
• The card user may request a refund at Magnati offices.
• Incomplete refund requests cannot be processed.
• The cash withdrawals are available at any FAB or non FAB ATM. Note that cash withdrawal is available only for KYC completed customers.
• FAB ATMs: Free
• Non-FAB ATMs )within the UAE): AED 2
• International withdrawals: 2.5% or AED 15 (whichever is higher)
• The redemption fee at FAB branches is AED 25

Frequently Asked Questions

FAB