NBAD Ratibi Prepaid Cards
A prepaid card is a card given by a bank or a money related establishment or institute which is can be loaded with the money you need to spend.
While a platinum card is connected to your financial record and a Visa offers you credit, a prepaid card can be bought with no earlier financial relationship and offers no credit. These cards can be loaded with funds by you or an outsider and can carry transactions up to the money that is accessible.
So, when you utilize a prepaid card, there is no advance included. You are going through the cash that is as of now kept with the bank or monetary financial institutions.
There are numerous banks offering prepaid cards to clients. These were intended to meet the prerequisites of clients who needed a reloadable card that can be utilized for online buys yet didn’t need the problem of dealing with a credit card. A few features of a prepaid card are:
- Prepaid cards are acknowledged comprehensively through the VISA or MasterCard network.
- These cards are not connected to any financial institution, so buys or withdrawals can be made uniquely to the degree to which balance is available on the card.
- There is no credit check done before giving a prepaid card as there is no credit advertised.
- A few banks or financial organizations may charge a little expense for the issuance of a prepaid card.
- There is no obligation included.Therefore, no worries of an increase in interest over funds.
- Available balance in the prepaid card doesn’t possess interest.
- While a prepaid card can be given quickly, reloading it might be an awkward procedure.
- A few banks or financial organizations offer points or cash rewards to prepaid cardholders too.
- Since there is no credit offered, all transactions above are cancelled automatically.
Prepaid Cards by the National Bank of Abu Dhabi (NBAD)
National Bank of Abu Dhabi (NBAD) which is now known as First Abu Dhabi Bank(FAB), with its vision ‘helping you get out more of life’ offers a wide range of prepaid cards. Featuring in the World’s Top 50 most secure banks, FAB is a bank you can go to for your monetary needs without tension. The list of NBAD prepaid cards is as per the following:
- Blue eDirham Prepaid Card
- Red eDirham Prepaid Card
- Green eDirham Prepaid Card
- Silver eDirham Prepaid Card
- Gold eDirham Prepaid Card
- Ratibi Prepaid Card
The eDirham Prepaid Cards (Blue, Red, Green, Silver, and Gold) are given in a joint effort with the Ministry of Finance, UAE. These cards can be utilized all things considered Ministries and Federal offices over the UAE. You don’t have to have a bank account with FAB to apply for these cards. The features of eDirham prepaid cards are as per the following:
|Blue eDirham Prepaid Card||Red eDirham Prepaid Card||Green eDirham Prepaid Card||Silver eDirham Prepaid Card||Gold eDirham Prepaid Card|
|Issuance charges||AED 12||AED 6||AED 27||AED 30||AED 25|
|Expiry after||Two Years||One Year||Three Years||Three Years||Three Years|
Key Features of the NBAD Ratibi Prepaid Card
In 2008, the National Bank of Abu Dhabi (NBAD) propelled an innovative payroll solution, Ratibi, to help corporates payroll to their employees in a speedy and practical way. Ratibi was planned by FAB(Once NBAD) to accomplish organizations with an option in contrast to the customary methods of the salary of checks and money.
It gives organizations better authority over their finance handling and representatives access to overall ATMs and POS [Point of Sale] exchanges. Further, it wipes out the requirement for opening a retirement fund and keeping up a base salary, making it a practical alternative for employees gaining up to AED 5000.
By starting one exchange each month, organizations can fund payrolls straightforwardly into the Ratibi cards of the considerable number of workers. This can cut down the expense and labour associated with printing and dispersion of checks and money as salary, particularly at off-site areas. The key features of the NBAD Ratibi Prepaid card are:
- Workers don’t need to keep up any base parity
- Boundless access to a tremendous system of ATMs and CDMs
- The complimentary individual accidental cover offered with the card
Features and Benefits
The Ratibi framework benefits the business and employees the same. It is an activity taken by NBAD to make banking simpler for its clients by giving electronic financial arrangements. How about we investigate the notable highlights and advantages of Ratibi:
- No need to keep a bank account.
- Kills delay in getting salary(including check clearing deferrals or preparing delays).
- The mechanized process which guarantees most extreme proficiency in processing
- No compelling reason to have delays in accruals
- Approach to get your pay
- Balance can be checked online
- Get ready when your payment is credited (Free of cost])
- Access to VISA/MasterCard overall systems
- Can be utilized for money withdrawal [at ATMs] and online and disconnected shopping (EFTPOS)
- 24 hours support through a call centre for customer care service.
- You can visit a FAB ATM and select your Personal Identification Number (PIN)
- Totally agreeable with the rules set somewhere near the Wages Protection System (WPS), UAE
- Complimentary mishap protection. You are qualified for multiple times your month to month pay (subject to a limit of AED 25,000] on account of an unplanned passing or perpetual all out inability brought about by any accident)
- You can profit a day by day money advantage of AED 50 (subject to a most extreme time of 30 days/AED 1500) for hospitalization costs because of the mishap assuming any. The base time frame is 24 hours.
- On account of death, the cost engaged with the repatriation of your human remains will be repaid up to AED 5,000.
- A payroll framework that is simple and helpful
- Deal with all Ratibi cards of your employees online.
- Singular organization prerequisites for salary preparing can be overhauled as well.
- Move salaries from your corporate account to individual Ratibi cards in a safe way utilizing the web-based financial assistance.
- A proficient and mechanized administration with a group of devoted experts to assist you with questions, assuming any
- A single bank move can credit salaries to all your employees holding Ratibi prepaid cards.
- Wipes out the hazard engaged with taking care of money.
- Pay compensation in nearby money at very lower costs
- Non-WPS payroll handling accessible. You can send mass documents through FAB’s protected electronic channel with charge guidelines from your corporate record
FAB has some fundamental qualification models for businesses and representatives to have the option to profit their Ratibi administrations.
- The business must have a corporate record with the First Abu Dhabi Bank.
- Ratibi prepaid cards may be given to workers inhabitant in the UAE.
- Employees need to outfit total KYC archives, as required by FAB to be qualified.
Some essential policies and procedures
- Aside from holding a corporate account to issue Ratibi cards, businesses will be the single purpose of contact between the employees and the bank.
- Employers are dependent to prepare their workers on the taking care of and utilization of the card. This is fundamental since the greater part of the low-pay laborers don’t have related knowledge with utilizing present day banking offices.
- Cards can get reallocated by ATMs for an assortment of reasons. In such a situation, Ratibi cards will be obliterated by the getting bank. The business should apply for a substitution card.
- Download, print, finish and present the Ratibi application structure alongside the Employee subtleties to your closest FAB branch or network banking branches to apply for Ratibi NBAD prepaid card.
- Download, print, finish and present the iBanking application structure for access to FAB’s online card the board highlight.
NBAD Ratibi balance inquiry
You can check the equalization of Ratibi, the National Bank of Abu Dhabi prepaid card by:
- Go to PPC NBAD website.
- Punch in the last two digits of the card number
- Enter the card ID, which can be found on the lower some portion of the essence of the card
- Click GO.
- When you’ve entered the correct essentials, you will gain permission to “Transactions detail screen”
- This shows the keep going 10 exchanges done for you. Clients can look rapidly by giving the date of the exchange and furthermore the number of exchanges to show.
- It gives the total salary attributed sum and complete equalization close to every single exchange.
NBAD PPC is the prepaid card request framework planned by the bank to make NBAD online prepaid equalization request simple and helpful. Bosses should prepare their workers to utilize the administration of NBAD prepaid card request each time they need to realize the equalization left in their Ratibi card.
As per the Corporate Sustainability report distributed by the bank, Ratibi administrations are furnished as per the directing principles of WPS in the UAE. The issue of low-pay area of the labourers in UAE [monthly pay up to AED 5,000] not approaching directed monetary items will be tended to by the WPS. Bosses, then again, save money on labor, expenses, and dangers engaged with paying wages in real money or checks, which was the training before.
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Question: Can I store more money into my NBAD Salary card?
⭐ Answer. No. The NBAD Ratibi prepaid card is implied distinctly to store compensation. No further stores are permitted. You can check with the bank for changes in approaches assuming any.
Question: How would I be able to realize the record number of my NBAD Ratibi Salary Card?
⭐ Answer. The NBAD Salary card isn’t connected to any record. It is a prepaid card wherein your compensation is stacked each month (or week as the case may be) by your employees.
Question: I am not having the option to do an NBAD prepaid card balance request?
⭐ Answer. If there should be an occurrence of NBAD balance request mistakes, you should make a note of it and contact the 24-hour client service group.
Question: What is the Wages Protection Scheme [WPS]? How can it advantage me?
⭐ Answer. In 2009, the Ministry of Labor and the Central Bank, UAE started a program to encourage mistake-free pay instalments on schedule. This was done to make a compelling compensation instalment structure in the UAE and ensure the privileges of workers. The NBAD Ratibi card is 100% consistent with the WPS guidelines.
Question: What worker subtleties are required by the bank?
⭐ Answer. There is an exceed expectations position which can be downloaded here. The transaction required are:
Question: How would I do a balance check of my National Bank of Abu Dhabi prepaid card?
⭐ Answer. As portrayed above, you can check your Ratibi NBAD compensation card balance by visiting NBAD PPC website, entering the last two digits of your card number and the card ID which can be found on the lower some portion of the substance of the card.
Question: My Ratibi card is damaged. What would it be advisable for me to do?
⭐ Answer. Since your manager is the sole purpose of contact among you and the bank, you should contact your boss to demand a substitution card.