Value Proposition

  • New Corporate Online Banking is a fully integrated and a secured end-to-end electronic platform for Transaction Banking services.
  • It provides a single customer interface for managing accounts, transaction reporting, payment initiations and reconciliation requirements.
  • The platform is used for real-time distribution of transactions and aggregation of reports, by being closely integrated with our Core Banking Systems.

Key Features

    • Transactions and Service Requests
      • Transfer between your own accounts at UAB
      • Transfer to other accounts at UAB
      • Domestic Transfers (Dirham)
      • International Transfers (Non Dirham)
      • Bulk payments
      • Payroll (WPS & Non WPS)
      • Utility Payments (AADC, ADDC, DEWA, FEWA, Etisalat, SALIK)
      • Cheque Book Requests
      • Request for Deposits
      • Sweep Setup and Amendments
      • Beneficiary Creation with Authorization
      • Issuance of Letter of Credit, Letter of Guarantee,& Shipping Guarantee
      • Amendment to Letter of Credit & Letter of Guarantee
      • Confirmation of Letter of Credit
      • Maintenance of Trade Clause Library



    • Online Reports
      • Real-time account balance information
      • Remittance Status
      • Transaction History
      • Download Account Statements
      • SWIFT Advices for Remittance
      • SWIFT Advises for Trade Transactions
      • Post Dated Cheque reports
      • Cheque Inquiry
      • Report on status of open trade transactions initiated through the platform
      • Details of Bills received or sent for payment against Letter of Credit's
      • Summary of Inward & Outward Documentary Collection transactions
      • View balances of your accounts with other banks (subject to RMA arrangements with other banks)

 

  • Security
    • All authorizers will be granted/ assigned their privileges /transaction rights based on the company account opening mandate or specific mandate applicable for online transactions
    • Dual authentication factor via RSA Tokens or a One Time Password (OTP)


For more Information on Cash Management Products and Services, please contact our Corporate Customer Service Unit (CCSU) on: 065075935 or at Click here to email