RATIBI SALARY CARD

United Arab Emirates, where there is economic prosperity prevails. A system is so transparent that not everyone can store lots of money in bank accounts.

Inflation is in control and basic needs are, being met. At the same time, it’s where lots of financial transactions occur.

Most of the employees don’t own a bank account. So how those workers are, getting paid? Ratibi Salary card is the answer. 

Ratibi isn’t just a salary card but carries out many tasks. It is the cure to all ills of employees who earn up to 5000 AED, in the strict banking system of UAE.

 Employees enjoy many benefits by using Ratibi’s salary card. Ratibi also keeps the financial transaction in line for the company and employers. In this article, we will unveil everything you need to learn about Ratibi Salary Card.

Story of Ratibi:

The birth of Ratibi in FAB, The First Bank of Abu Dhabi, broke the chains of the traditional salary system based on cheques and cash.

Ratibi Salary card was presented by FAB, a bank that came into existence after the merger of First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD).

The new salary card approach was rapidly accepted in the corporate world of UAE. The employers started paying employees digitally and systematically. The FAB brought a Tsunami of change in the corporate sector of the UAE. It fastened up the salary processing and omitted the need for bank accounts.

What is it and how it works:

Ratibi’s payroll card is, a bank prepaid card, used by companies, firms, and patrons to pay salaries to the ones, who work for them. The workers can additionally use Ratibi to deposit money, international transactions, and pay their bills.

It is, issued to workers making a maximum of 5000AED monthly. Employees and businesses are, highly benefited from the approach. Without any inconvenience and hustle the employees get their wages and businesses started a monthly transfer.

Cash is, replaced by Ratibi cards in organizations, consequently saving the expenditure spent on cheques processing and payment. However, one cannot deposit money into Ratibi’s payroll card by themselves, as it was made to receive wages from employers with zero inconveniences.

Eligibility for Ratibi services:

1. A corporate account in FAB must be, owned by Employers
2. Their employees must be residents of the Arab Emirates
3. EMPLOYEES ‘ complete KYC documents (Know Your Customers) should be with employers.
4. A valid residency visa is crucial for employees to be eligible.

Method for Employers to Apply for Ratibi Card: 4 Easy Steps:

1. Enter all the details necessary in the Ratibi application form.
2. In the Excel sheet enter complete employee detail.
3. To have online card management access, fill up the iBanking form.
4. Hit your nearest FAB branch and submit your application.

Method to check the balance on Ratibi Card:

1.  Go to https://ppc.bankfab.com/PPCInquiry/, an online portal to inquire about balance, facilitated by FAB.

2.  Enter the last two digits of the Ratibi card number. Keep your card with you till the end. You will be needing it to fill another field.

3. There is, a 13-digit number written on the lower left of your card. Fill it in the field
4. Click on the “Go” button and you are all set.

Why is it necessary to keep checking your Ratibi card balance?

Budget Control:

To stretch your legs according to the length of your sheets, it’s necessary to keep a check on your balance status. Spending within the limits of your means will make budgeting easy and keep you from extravagance.

Stolen/Lost Card:

You might lose your card to your weak memory or a thief, but you can keep a check on the balance to know how much is missing from the account.

Fraud:

Although your Ratibi account is fully secure no one knows when things go south, keep checking your balance will enable you to identify fishy and unusual activities.

Tasks that can be, performed by Ratibi card:

Money-On-Demand:

Need your salary earlier for emergencies? Ratibi is there of uninvited troubles. By using the money-on-demand feature to get an advance salary. You can receive 50% of your salary earlier in advance from your employee.

International Transaction:

With the Ratibi card, a cardholder can send money to more than 200 countries around the globe. The hours wasted waiting in line at the money exchange centers are, saved due to the Ratibi card.

Balance Check:

Pay it mobile app, allows you to check the balance of your Ratibi card. No need to follow steps to check your balance.

Bill payment and Recharge:

Ran out of balance at an odd hour? Now you can Recharge Your Phone Balance with Ratibi anytime anywhere. Bills of services like Etisalat, Salik, Du, and Mawafiq are easily paid via Ratibi card.

Cashless Purchases:

More than 5000 stores in the whole UAE accept Ratibi Cards. No need to carry cash now. In-store purchases payment will be, done by Ratibi.

Perks of being a Ratibi cardholder:

The facility of free injury insurance is provided by Ratibi. A deceased or lifetime disabled cardholder, as a result of injury, they are eligible to 5x monthly pay.

• If a cardholder was hospitalized for 24hr minimum, would receive 50AED daily, for a month.
• Free from annual charges and requirement of minimum balance.
• Cardholder is notified with an SMS alert about each salary credit.
• Useable in any ATM, in-store, and online
• Useable at worldwide VISA/MASTERCARD networks.
• 24/7 customer care is provided by the call center of Ratibi
• Cardholders can select a pin of their own choice at FAB ATMs

Policies of Ratibi:

• Only an employer owning a corporate account can issue a Ratibi Card.
• Employers must give cardholding training to workers.
• A card confiscated by an ATM will be, destroyed by receiving bank. A replacement request should be, made by the employer.

More Info.

The Ratibi Salary Card allows employees to receive their wages electronically, eliminating the need for traditional paper checks or cash payments.

1. Direct Deposit: Employers can deposit employees’ salaries directly onto the Ratibi Salary Card, eliminating the need for physical checks.
2. Access to Funds: Cardholders can access their wages through ATMs, point-of-sale (POS) terminals, and online transactions, providing convenient access to funds for everyday expenses.
3. Security: The card is equipped with security features to protect the cardholder’s funds, such as PIN protection and fraud monitoring.
4. Convenience: Employees can manage their finances more efficiently with the Ratibi Salary Card, as they can easily track their transactions and account balance online or through mobile banking services.
5. Government Endorsement: The Ratibi Salary Card is often endorsed or sponsored by government entities in Dubai, providing assurance of its reliability and credibility.
6. Incentives: Some Ratibi Salary Card programs may offer additional benefits or incentives to cardholders, such as discounts on retail purchases or access to special promotions.

FAQ’S

Conclusion

FAB’s proud initiative, the Ratibi salary card bought a digital revolution in UAE. The second largest place in the entire world in remittances UAE, embraced the change with open arms. Ratibi payroll card by FAB is.

 It has put a stop to many inconveniences, errors, and delays. It has brought many incentives for employees and ended the need for bank accounts. Old wage practices are replaced with this all-in-one card.

It has provided numerous facilities to cardholders and made alliances with related technologies all over the world. Buying and paying became cash-free and the expense decreased.

Modern UAE, which is flexible to digitalization can’t think of a world without FAB‘s Ratibi payroll card.

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