Cash Management Services
Enhance your business with tools that save you time and enable you to efficiently manage your payment, collection and liquidity requirements with ease.
- Payments
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Automate your salary, vendor and bulk payments through our tested, secure and reliable electronic platform
- Reliable and cost-effective electronic platform smartBUSINESS
- Automate your vendor, salary and bulk payment requirements
- Receive valuable automated vendor advising
- Avail of Accounts and Payments reconciliation services
Salary Prepay Visa CardEnsure smooth processing of your employee salaries through Wage Protection System, salary payment initiative mandated by the Ministry of Labour and the Central Bank.
- The process is safe, secure and easy to implement
- Offers online validation of the WPS file format
- Online updation of processing status on salaries.
A prepaid card offering unique banking convenience for employees of UAE-based companies accredited by Emirates NBD, saving you valuable time and resources.
- Deposit employee salaries directly into a PIN protected, Visa Prepaid Debit Card
- No need to open an account and no minimum balance required
- Reduce manual administrative work and costs
- Establish an accounting paper trail and ease of records reconciliation
- Eliminate risk of handling cash for payroll processing each month
- Fast & Efficient funding gives instant access to cash
- Access to the extensive network of Emirates NBD ATMs (largest in the UAE with more than 650 locations and growing) as well as global access to funds from any local or International ATMs
- No transaction fee by bank for Point of Sale (POS) transactions
- Fully compliant with UAE Ministry of Labour's Wages Protection System (WPS) which mandates all salary payments via banking channels
- Allows bulk uploading and re-loading of salaries directly into the card by the employer through our corporate online portal (smartBUSINESS)
- A dedicated 24x7 Cardholder helpline including IVR service
- A separate dedicated Employer HelpDesk to service employers for their Salary Prepay Card related queries and requests
For further details about the product, please contact us at salaryprepay@emiratesnbd.com.
- Collections
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Flexible and efficient collection systems to manage your cash, cheque and accounts receivables.
- Secure cash and cheque pick-up and delivery services through strategic alliance with reputed service providers.
- Outsource the risks associated with transportation of physical cash and cheque with added benefits of convenience and reduction in costs.
- Avail of Direct Debits, which enable you to collect payments online from your customers in a secure, timely and cost effective manner.
- Liquidity Management
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Manage your deposit balances and enhance returns on available funds, generate working capital and reduce costs with our range of simple and proven liquidity management solutions.
- Standing instructions at reduced costs
- Simple and complex sweeping and pooling capabilities
- Maximise returns on idle or surplus cash through investments