The Advantages of FAB Prepaid Cards: A Comprehensive Overview

The FAB Prepaid Cards, offered by First Abu Dhabi Bank (FAB), is a leading prepaid card solution in the market today. With its innovative features, robust security measures, and widespread acceptance, the FAB Prepaid Card is redefining the way people manage their finances.

How to Get Started

Getting started with the FAB Prepaid Card is quick and easy. Simply visit the First Abu Dhabi Bank website or your nearest FAB branch to apply for a card. Once approved, you can load funds onto your card and start using it immediately for all your financial needs.

FAB Prepaid Cards

Government Black Corporate Card

The FAB Government Black Corporate Card is a specialized financial tool designed to streamline government transactions for UAE-registered companies. From loading funds to making secure transactions, the FAB Government Black Corporate Card ensures efficiency and reliability for businesses operating within the UAE.

Features:

• The card is available for a nominal fee of AED 25, which is deducted from the first load.
• The card comes with a validity period of five years.
• Enjoy a maximum card balance of AED 10,000,000, facilitating large-scale transactions and financial management.
• Nominal fees apply for loading and reloading transactions.
• FAB Cash Deposit Machines upto AED 5
• Apply for and purchase the card through Magnati offices, FAB’s website, and soon via FAB iBanking.
• Cash withdrawals are not permitted for corporate cards, ensuring secure and traceable transactions.

Requirements:

To apply for the FAB Government Black Corporate Card, ensure you have the following documents ready:
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)

Government Sahala Individual Card

The FAB Government Sahala Individual Card offers a convenient and secure way to manage finances without the need for a traditional bank account. With easy issuance and initial loading capabilities, this prepaid card is ideal for both government and non-government transactions.

Main Benefits:

• Convenient Issuance Process.
• Enjoy an initial loading limit of AED 3,500.
• Affordable Issuance Cost of AED 15.
• Increased Limit with KYC Completion.
• The prepaid card remains valid for five years from the pre-printed expiry date.
• Access to Visa Offers.
• Easily load and reload funds onto the card, simplifying transaction tracking and management for users.
• For KYC-completed users, cash withdrawals are available at both FAB and non-FAB ATMs, with no charges at FAB ATMs and reasonable fees for non-FAB ATMs.
• Use the card globally for transactions, with applicable fees for withdrawals from non-FAB ATMs outside the UAE.

Government Advanced Individual Card

The FAB Government Advanced Individual Card is a personalized prepaid card designed for hassle-free government transactions and everyday purchases. With a maximum balance of AED 75,000 and a host of convenient reload options, it ensures seamless financial management.

Main Benefits:

• Convenient Loading and Reload Options.
• Access special deals and offers through Visa Platinum, enhancing your shopping and lifestyle experiences.
• Utilize the card for government transactions as well as at other merchants, both domestically and internationally.
• Enjoy complimentary cash withdrawals at FAB ATMs, saving you money on transaction fees.
• Benefit from transparent and competitive fees for loading, reloading, and withdrawals, ensuring cost-effectiveness in managing your finances.
• With personalized card registration and no bank account requirement, enjoy peace of mind knowing your transactions are secure.
• Access cash conveniently with a generous withdrawal allowance of up to AED 10,000 per transaction and AED 75,000 per day.

Government Silver Corporate Card

FAB Government Silver Corporate Card, designed to streamline government transactions and enhance corporate financial management. With a nominal card cost of AED 25, deducted from the initial load, and no bank account required, this corporate card offers unparalleled convenience and efficiency. Valid for five years, it caters to a wide range of UAE-registered companies, facilitating seamless transactions through various channels.

Main Benefits:

• Convenient Application Process.
• With a minimal card cost of AED 25.
• No Bank Account Required.
• Valid for five years.
• With a maximum card balance of AED 2,500,000.
• Avail exclusive Visa deals and offers, enhancing the value proposition of the card and providing additional benefits to cardholders.
• With loading/reloading fees as low as AED 5 across various channels.

Abu Dhabi Pay Hayyak Card

The FAB Abu Dhabi Pay Hayyak Card is a convenient and versatile prepaid card designed for individuals and businesses in Abu Dhabi. With easy issuance and reload options, as well as a range of benefits including high maximum balances and free transactions, the card provides a hassle-free way to manage finances and make payments.

Main Benefits:

• The card is easy to obtain, requiring no registration or bank account. Plus, reloading funds is simple and can be done through various channels including FAB Cash Deposit Machines, the FAB Mobile app, and more.
• For cardholders who have completed full KYC, the maximum card balance is AED 50,000, allowing for substantial funds to be loaded onto the card for convenient spending.
• There are no issuance costs, loading fees, or reloading fees associated with the Pay Hayyak Card, making it cost-effective and user-friendly.
• For KYC completed users, the card offers a cash withdrawal facility with generous limits. Withdrawals can be made at FAB ATMs free of charge, with options available for both local and international transactions.

Abu Dhabi Pay Diamond Individual Card

Abu Dhabi Pay Diamond Individual Card, valid for five years and with a maximum balance of AED 75,000, it’s perfect for both Abu Dhabi Government transactions and everyday purchases. Personalized cards require simple KYC registration, and no bank account is needed. Easily load or reload funds through various channels including FAB Cash Deposit Machines, mobile apps, and more. Plus, enjoy free cash withdrawals at FAB ATMs and competitive rates at non-FAB ATMs.

Main Benefits:

• No Charges.
• Use your card for Abu Dhabi Government transactions and at various merchants, providing convenience and flexibility in your everyday purchases.
• Benefit from a maximum card balance of AED 75,000, allowing you to manage larger sums with ease.
• Easily add funds to your card via multiple channels including FAB Cash Deposit Machines, online banking, and more, ensuring you always have funds available when you need them.
• Free cash withdrawals at FAB ATMs, saving you money on transaction fees.
• Withdraw up to AED 10,000 per transaction.
• Straightforward refund process for your card balance, ensuring that unused funds can be easily accessed when needed.

Abu Dhabi Pay Elite Corporate Card

The FAB Abu Dhabi Pay Elite Corporate Card is a premier financial solution designed to streamline corporate transactions for businesses operating in Abu Dhabi. With no charges for card issuance, loading, or reloading fees, this card offers unparalleled convenience and cost-effectiveness. Valid for five years from the date of issue, and with a maximum card balance of AED 2,500,000, this card empowers businesses to manage their finances with ease. Corporate cards require KYC/KYB registration, eliminating the need for a bank account.

Main Benefits:

• Cost-Effective Transactions.
• Valid for five years from the date of issue, the FAB Abu Dhabi Pay Elite Corporate Card offers businesses long-term financial management solutions without the hassle of frequent renewals.
• With a maximum card balance of AED 2,500,000, businesses can maintain substantial funds on their card, ensuring they have the resources they need for various financial transactions.
• Corporate cards can be purchased or applied for through Magnati offices, FAB’s website, and FAB iBanking (available soon), making the acquisition process simple and hassle-free for businesses.
• No Issuance Costs.
• All UAE registered companies are eligible to apply for the FAB Abu Dhabi Pay Elite Corporate Card, making it accessible to a wide range of businesses operating in the region.

Abu Dhabi Pay Excellence Corporate Card

The FAB Abu Dhabi Pay Excellence Corporate Card is a specialized payment solution tailored for corporate entities conducting transactions with the Abu Dhabi Government. With no issuance costs and convenient loading options, this card streamlines financial transactions, ensuring efficient and secure payments.i.

Main Benefits:

• There are no card issuance costs, loading fees, or reloading fees associated with the FAB Abu Dhabi Pay Excellence Corporate Card. This ensures that corporations can manage their finances without incurring unnecessary expenses.
• Exclusive Use for Abu Dhabi Government Transactions.
• With a maximum card balance of AED 10,000,000, the FAB Abu Dhabi Pay Excellence Corporate Card provides ample capacity for managing large-scale financial transactions efficiently.
• Corporates can reload funds onto the card according to their specific needs, with a maximum reload amount per transaction and per day at FAB CDMs, ensuring flexibility in managing finances.
• The card requires KYC/KYB registration, ensuring compliance with regulatory requirements and providing enhanced security for corporate transactions.
• Simple Application Process.

Wafer Individual Card

The FAB Wafer Individual Card is a convenient, prepaid solution for managing transactions in the UAE. With a minimal issuance cost of AED 30, users can access a range of benefits, including easy loading and reloading capabilities, secure transactions, and flexible usage options.

Main Benefits:

• The card issuance cost is only AED 30, deducted from the first load, making it an affordable option for users.
• Easily issue the prepaid card without the hassle of registration or the requirement of a bank account, providing quick access to financial transactions.
• Access an initial load amount of up to AED 3,500, exclusively for RAK Pay government transactions, ensuring immediate usability for essential needs.
• Complete the KYC process to unlock additional features, including reload and cash withdrawal capabilities, with a maximum limit of AED 10,000.
• Benefit from a clear fee structure for card loading or reloading, ensuring transparency and cost-effectiveness in financial transactions.

Al Ruzmah Corporate Card

The FAB Al Ruzmah Corporate Card offers unparalleled convenience and flexibility for businesses in the UAE. With a maximum card balance of AED 2,500,000 and various convenient reloading options, it simplifies corporate transactions while ensuring compliance with KYC/KYB regulations.

Main Benefits:

• Businesses can load up to AED 2,500,000 onto the card, with a maximum reload amount per transaction of AED 75,000 at FAB CDMs. There’s no limit on the number of reloads per month, providing flexibility in managing finances.
• Cost-effective reloading with nominal fees ranging from AED 5 to AED 25 depending on the reloading channel, ensuring efficient fund management without excessive charges.
• Simplify the registration process with no bank account required. The Al Ruzmah Corporate Card ensures compliance with KYC/KYB regulations, streamlining administrative tasks for businesses.
• The prepaid card can be purchased and applied for through various channels including Magnati offices, FAB RAK branches, FAB’s website, and soon through FAB iBanking, making it accessible to businesses across the UAE.
• Benefit from enhanced security features, ensuring safe and secure transactions for all corporate expenditures.
• All UAE registered companies are eligible for the Al Ruzmah Corporate Card, making it a preferred choice for businesses of all sizes and sectors.

PayRow Individual Card

The FAB PayRow Individual Card offers a convenient and secure way to manage your finances, whether it’s for government transactions or everyday purchases. With no bank account required, this card simplifies the process with easy loading and reloading options through various channels. Enjoy the flexibility of managing your funds with a maximum balance of AED 75,000 and a validity period of five years. Plus, with low fees for loading/reloading and redemption, you can make the most of your money.

Main Benefits:

• The FAB PayRow Individual Card offers a hassle-free solution for managing your finances, whether it’s for government transactions or everyday purchases. With this card, you can conveniently make payments without the need for a bank account.
• Funds with a maximum card balance of AED 75,000. Whether you need to make large transactions or everyday purchases, this card gives you the freedom to spend according to your needs.
• Easy Loading and Reloading.
• Low Fees.
• The FAB PayRow Individual Card is valid for a period of five years from the date of issue. This means you can continue to use the card for an extended period without the need for frequent renewals, providing added convenience and peace of mind.

Required Documents:

To apply for the FAB PayRow Individual Card, you will need to provide the following documents:

Completed Application Form: Fill out the application form accurately and completely. This form typically includes personal information such as your name, contact details, and identification details.

Valid Emirates ID (Front and Back): Submit a copy of your valid Emirates ID, both the front and back sides. This serves as proof of identity and is required for the KYC (Know Your Customer) registration process.

Completed FATCA Individual Form: FATCA stands for the Foreign Account Tax Compliance Act. As part of regulatory requirements, you will need to complete and submit the FATCA Individual Form. This form collects information about your tax residency status and helps ensure compliance with international tax regulations.

PayBlue Corporate Card

FAB PayBlue Corporate Card, has a maximum card balance and load amount of AED 10,000,000, and convenient reloading options, managing transactions has never been easier. Enjoy the benefits of quick and hassle-free payments, KYC/KYB registration, and a five-year validity period. Say goodbye to cash withdrawals and hello to efficient, secure transactions.

Main Benefits:

• The FAB PayBlue Corporate Card is tailored specifically for government transactions by corporates, ensuring swift and efficient payment processes.
• Acquire your FAB PayBlue Corporate Card for a minimal issuance cost of AED 30, deducted from the first load.
• Say goodbye to the hassle of opening a bank account; our card requires KYC/KYB registration, simplifying the onboarding process for corporates.
• Enjoy peace of mind with a five-year validity period from the date of issue, reducing the need for frequent renewals.
• With a maximum card balance and load amount of AED 10,000,000, manage large-scale transactions effortlessly.
• Reload your card conveniently through various channels, including FAB Cash Deposit Machines (CDMs), FAB iBanking, MBME Kiosks, UAE Funds Transfer System (UAEFTS), and more.
• Benefit from low fees for loading or reloading transactions, ensuring cost-effectiveness in managing your card balance.

Key Features

Let’s take a closer look at some of the key features that make the FAB Prepaid Card a game-changer:

• Multi-Currency Support: One of the standout features of the FAB Prepaid Card is its ability to support multiple currencies. Whether you’re traveling abroad or making online purchases in different currencies, the card automatically converts the transaction amount at competitive exchange rates, saving you time and money on currency conversion fees.
• Online Account Management: Managing your finances has never been easier thanks to the FAB Prepaid Card’s online account management portal. Users can easily track their spending, view transaction history, and set up automated alerts and notifications to stay informed about their account activity in real-time.
• Budgeting Tools: The FAB Prepaid Card empowers users to take control of their finances with built-in budgeting tools. From setting spending limits to categorizing expenses, users can customize their budgeting preferences to suit their individual needs and financial goals.
• Global Acceptance: Whether you’re shopping at your local supermarket or exploring a far-flung destination, the FAB Prepaid Card is accepted at millions of merchants worldwide, making it the perfect travel companion for jet-setters and globe-trotters alike.
• Enhanced Security: Protecting your financial information is paramount, which is why the FAB Prepaid Card incorporates advanced security features such as EMV chip technology and two-factor authentication. These measures help prevent unauthorized access and ensure that your transactions are safe and secure at all times.
• Financial Control: With the FAB Prepaid Card, users have complete control over their spending, allowing them to stay within their budget and avoid overspending or accumulating debt.
• Convenience: Whether you’re shopping online or traveling abroad, the FAB Prepaid Card offers unparalleled convenience with its versatile functionality and widespread acceptance.
• Security: The FAB Prepaid Card prioritizes the security of its users’ financial information, incorporating advanced security measures to protect against fraud and unauthorized transactions.
• Cost Savings: By eliminating the need for currency conversion fees and offering competitive exchange rates, the FAB Prepaid Card helps users save money on international transactions and foreign exchange.
• Flexibility: From multi-currency support to customizable budgeting tools, the FAB Prepaid Card offers unmatched flexibility, empowering users to tailor their financial experience to their individual needs and preferences.