The United Arab Emirates is the second-largest recipient of remittances worldwide, according to a report by the World Bank. This indicates that a significant percentage of the population transfers money abroad.
However, the vast majority of UAE workers don’t even own a bank account. For this, Ratibi card is the most easy option to pay salaries to the employees and they can use the card for multiple purposes.
Understanding Ratibi card
The Ratibi card for salary is a prepaid bank card that you can use to pay your employees’ salaries. They can use the card to make purchases, withdraw cash, send money overseas, and pay bills, among other things. Employees whose monthly salary does not exceed AED 5,000 are eligible to get it. The simple fact that you can use Ratibi card without a bank account is its most significant feature.
Benefits of Ratibi card
The Ratibi prepaid card makes it easy for you to pay your employees’ salaries because it’s one of the WPS-approved methods to do it. In addition, it provides your staff with other advantages, which are detailed below:
Basic benefits
Global Acceptance: The Ratibi card is accepted at all ATMs, retail locations, and internet payment processors around the globe.
Personalized PIN: Ratibi’s ATM allows you to choose the PIN of your own.
24/7 customer service: You can contact customer service at any moment.
Free SMS notifications: Get notified by SMS when your income is credited.
WPS compliance: Adheres to the Government of the United Arab Emirates’ Wages Protection System (WPS) regulations.
Worldwide usage: You can use it anywhere in the globe using any Visa or Mastercard network.
Therefore, your employees can pay bills, transfer funds to their bank account back home, and utilize their Ratibi payroll card for a variety of additional functions.
Insurance benefits
Here are some insurance benefits
Free personal accident insurance: In the event of death or permanent total disability of the cardholder due to accident, eligible for 5x monthly salary or maximum of AED 25,000
Hospitalization for at least 24 hours due to accident: Eligible for daily cash benefit of AED 50 (for a maximum period of 30 days subject to a total of AED 1,500)
Repatriation of mortal remains: Actual expenses subject to maximum of AED 5,000
- Free personal accident insurance: In the event of death or permanent total disability of the cardholder due to accident, eligible for 5x monthly salary or maximum of AED 25,000
- Hospitalization for at least 24 hours due to accident: Eligible for daily cash benefit of AED 50 (for a maximum period of 30 days subject to a total of AED 1,500)
- Repatriation of mortal remains: Actual expenses subject to maximum of AED 5,000
Safety and convenience benefits
Here are some safety and convenience benefits:
No bank account required: Removes the need for a bank account.
Instant salary crediting: You can your salary credited immediately.
Transactions without cash: Minimizes the need to carry cash.
Automated service: Provides a completely automated, methodical service.
Employer benefits
Below are some employer benefits:
Real-time management: Online banking allows employers to manage cards in real-time.
Stress-free salary payments: Without using a bank, employees’ salaries are securely transferred from the company account to their Ratibi cards, guaranteeing there are no unanticipated fees.
Optional salary processing: Available based on business needs.
Read more: What is the Esaad card in Dubai? All you need to know
Ratibi card salary check online
You can check your Ratibi prepaid card inquiry through the Ratibi Card Salary Check guide by following the steps below:
- Visit the official Bank FAB website
- Enter your card details: Enter the last 2 digits of your card number and then enter your complete Card ID as shown in the figure below.
- Check your salary status: Once you have entered all the details, click on Go and you’ll be able to see your Ratibi card salary status.
Note: Make sure you enter your card details correctly. Incorrect information will prevent you from checking your salary status.
Eligibility to qualify for Ratibi card
In order to qualify for a Ratibi Card, you need to have the following:
UAE residency: You have to be a resident of the UAE.
Corporate account: The employer need to have a corporate account with First Abu Dhabi Bank (FAB)
KYC compliance: Workers need to be fully aware about and abide by the regulations about Know Your Customer (KYC).
How to apply for Ratibi card
You can provide employees with Ratibi cards from First Abu Dhabi Bank by following the simple below:
- Fill in the required details in the Ratibi application.
- Complete the employees’ details in the excel sheet.
- Fill up the iBanking application form to enable online card management access.
- Submit the application forms to the nearest FAB branches.
Bottom line
Employees can manage their salary conveniently, securely, and effectively with the Ratibi card. They don’t even need a bank account. For many UAE residents, it is the perfect option due to its many features and simple online income checks.
Frequently Asked Questions (FAQs)
What is Ratibi card?
Ratibi card is a WPS-approved card that is specially designed for people earning up to 5,000 AED. There’s no need to have a bank account in order to have a Ratibi card. You can receive your salaries directly on your Ratibi card.
How can you use your Ratibi salary card?
You can use your salary card for:
