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Abu Dhabi Pay Excellence Corporate Card

Please visit Magnati website https://www.magnati.com to apply for a Card.

Abu Dhabi Pay Excellence Corporate Card can be loaded or reloaded through:

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  • OR
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    FAB iBanking and Nafura
  • OR
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    Distribution channels and government counters (available soon)
  • OR
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    UAE Funds Transfer System (UAEFTS)
  • OR

Highlights

  • No card issuance costs, loading or reloading fees
  • Can only be used for Abu Dhabi Government transactions by corporates
  • Five-years validity
Maximum card balance is  10,000,000
Corporate cards require KYC/KYB (Know Your Customer/Know Your Business) registration, no bank account required

This card offers easy loading and reloading of funds to help you keep track of your spending.

Loading/Reloading Fees

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    FAB Cash Deposit Machines (CDMs)

    Free

  • OR
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    Distribution channels and government counters

    Free (available soon)

  • OR
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    FAB iBanking and Nafura

    Free

  • OR
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    UAE Funds Transfer System (UAEFTS)

    Free

  • OR

Cards can be purchased/applied for through:

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    Magnati offices
  • OR
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    FAB’s website

    (www.bankfab.com)

  • OR
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    FAB iBanking

    (available soon)

  • OR

There are no cards issuance costs if the customer chooses to collect them from Magnati offices. If the customer requests delivery, there will be a charge of  25.

Abu Dhabi Pay Excellence Corporate Card include the following features:

Maximum card balance Maximum load amount Maximum reload amount per transaction at FAB CDM Maximum reload amount per day at FAB CDMs Maximum reload amount per month at FAB CDMs
 10,000,000  10,000,000  75,000  75,000 Unlimited

Cash withdrawal

Cash withdrawals are not permitted for corporate cards.

Eligibility

Available to all companies registered in the UAE.

Documents required for the Abu Dhabi Pay Excellence Corporate Card:

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    Completed Abu Dhabi Pay Excellence Card Application Form
  • OR
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    Valid Emirates ID (front and back)
  • OR
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    Company Trade Licence/Registration document
  • OR
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    Certificate of Incumbency (if applicable)
  • OR
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    Proof of address
  • OR
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    Official company letter
  • OR
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    Power of Attorney (POA)/Board Resolution
  • OR
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    Memorandum/Articles of Association (If applicable)
  • OR
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    Completed FATCA Entities Form
  • OR
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    Company bank statement (3 months)
  • OR

Prepaid Card Balance Refunds

The balance amount may be refunded on FAB ATMs (if cash withdrawal feature is available) or you may place a request at Magnati offices to receive a refund of the balance of your Abu Dhabi prepaid card. Please note that incomplete refund requests cannot be processed.

Need more help? Get in touch

Contact us anytime for further assistance or check out our FAQ page for more information.