Article image: What is online banking and what are its advantages? Which banks provide this service in the UAE?

Interesting facts:

Currently, there are more than 7,5 thousand companies registered in RAKIA Free Zone Full version

Convenient and well-established online banking is the indicator of a successful bank that keeps up with the current times. Development and maintenance of this service require considerable spending, what also speaks in favour of a bank’s reliability.

What is Internet Banking?

Internet banking is primarily a concern of a bank about the convenience of its clients. It allows clients to perform various operations without visiting a banking branch. When having access to the Internet, you can log in to your personal account and perform all the necessary operations from anywhere and at any time.

Reputable banks are very serious about the security of online banking. Privacy and data protection are invested heavily in. Usually, the security system consists of several protection levels: entering a secret code and a password, log in validation using a verification code sent via SMS, limits for session time, the amount of payments per day, etc.

If necessary, you can block your online account by calling a banking customer service.

Follow simple rules to protect your money:

  • never tell your password and code to anyone;
  • store your personal data carefully;
  • use only reliable computers to log in.

Clarify the cost of opening company, corporate or personal bank account, obtaining a residence visa, or another question regarding business in Dubai, UAE:

Advantages of online banking

  • Convenience and time savings. You don't need to wait for the bank office hours or spend your time in the bank to transfer funds or receive a statement. Online banking allows you to manage your personal funds at any time and in any place.
  • Opening Deposit online. Many banks offer their clients the facility to open and close the deposits without visiting a branch, but directly in the online service. If necessary, you can immediately print out the Deposit documents.
  • Payment for services: utilities, mobile services, TV, fines, train and air tickets, etc.
  • Transfer of funds. You can transfer money both between your accounts and to the accounts of other natural persons and companies. It is especially convenient that you can send money transfers anywhere in the world.
  • One-click monthly statements. You can download and print a bank statement for the required period without visiting a banking outlet.

Banks that provide this service in the UAE

The UAE banks are considered not only the most reliable but also the most advanced banks regarding applying modern technologies. Online banking is not a surprise to anyone in the UAE. It is provided by almost all banks, both public and private.

Here are some of them: Bank of Dubai, Emirates NBD, Commercial Bank of Dubai, NBAD (National Bank of Abu Dhabi), Abu Dhabi Commercial Bank, First Gulf Bank, Central Bank of the United Arab Emirates, The Dubai Islamic Bank, HSBC, Standard Chartered Bank, etc.

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