Ratibi Prepaid Card

First Abu Dhabi Bank (FAB), one of the leading financial institutions in the UAE, offers a diverse range of financial products and services. Among these innovative products is the Ratibi prepaid card. This card is designed to streamline salary payments, providing a convenient and secure alternative to traditional banking methods.

To discover more about the Ratibi prepaid card and understand its transformative potential in the realm of payroll management, keep on reading below.

What is the Ratibi Prepaid Card?

Ratibi is a salary payroll solution offered by First Abu Dhabi Bank, specifically designed for employees who earn up to AED 5,000. This solution allows employees to receive their salaries directly on their Ratibi prepaid cards, eliminating the need for a traditional bank account.

This is especially beneficial for both employers and employees. For employees, it provides a secure and convenient way to access their salaries, make payments at retailers, and withdraw money from ATMs globally - all without the usual banking fees.

For employers, the Ratibi card offers a stress-free salary payment solution. It includes real-time card management via online banking, various options for salary processing, and secure salary transfers.

Furthermore, the system aligns with the Wages Protection System (WPS) and Non-WPS payroll standards.

Key Features and Benefits of Ratibi Prepaid Card

The Ratibi card is loaded with features and benefits that cater to the needs of employees and employers. More than just presenting a convenient way to receive salaries, this card also offers several advantages -

• No Need for a Bank Account: Salaries are directly credited to the card
• Free Personal Accident Insurance: Provides financial security in case of accidents
• 24/7 Access to ATMs and CDMs: Easy withdrawal and deposit of funds at any time
• No Minimum Balance or Monthly Charges: Makes it cost-effective for cardholders
• Secure Payments: Can be used at retailers and for online shopping globally
• Free SMS Alerts: Provided for every salary credit, these alerts enhance the monitoring of funds.
• Personalised PIN Selection: At FAB ATMs for added security
• UAE Government WPS Compliant: Ensures adherence to local wage protection guidelines
• Automated Salary Crediting: Fast and efficient transfer of wages
• Stress-Free Salary Payment for Employers: Simplified payroll processing
• Real-Time Card Management: Via online banking for employers
• Supports WPS and Non-WPS Payroll: Flexible processing of salary payment

Additional Advantages of Ratibi Prepaid Card

Here are the additional insurance benefits that enhance the value of the Ratibi card -

• Free Personal Accident Insurance: This insurance covers the cardholder in case of death or permanent total disability due to an accident. The benefit can be up to 5 times the monthly salary or a maximum of AED 25,000.
• Hospitalisation Benefit: If the cardholder is hospitalised due to an accident for at least 24 hours, they are eligible for a daily cash benefit of AED 50. This benefit is applicable for a maximum period of 30 days, subject to a total of AED 1,500.
• Repatriation of Mortal Remains: In the unfortunate event of the cardholder's death, the cost of repatriating their mortal remains is covered, with expenses up to a maximum of AED 5,000.

Who Should Opt for Ratibi Prepaid Card?

Individuals and entities who should consider opting for the Ratibi card include -

• Employees Earning Up to AED 5,000: Ratibi is specifically designed for employees with salaries up to this amount, offering a convenient way to receive their wages without needing a bank account.
• Employers with Corporate Accounts at FAB: Employers who have corporate accounts with First Abu Dhabi Bank can avail of this service for their employees for a stress-free salary payment solution and real-time management of cards​​​​.
• UAE Residents: The card is available to employees who are residents of the UAE, catering to a significant portion of the workforce in the region​​.

Eligibility Criteria for Ratibi Prepaid Card

The eligibility criteria for obtaining the Ratibi prepaid card from the First Abu Dhabi Bank are as follows -

• Employer Requirements: The employer must have a corporate account with the First Abu Dhabi Bank.
• Employee Residency: The employee applying for the card must be a resident of the United Arab Emirates (UAE).
• KYC Compliance: Only employees with complete and up-to-date Know Your Customer (KYC) details will be accepted for the Ratibi card.

How to Apply for a Ratibi Prepaid Card?

Here’s how you can seamlessly apply for the Ratibi card and access this convenient financial instrument -

• Complete Application Forms: Fill out the Ratibi application form along with the employee details Excel sheet. These forms are essential to initiate the request for Ratibi cards.
• iBanking Application Form: Complete the iBanking application form. This step is necessary to obtain online card management access, which allows for efficient handling and tracking of card usage.
• Submit Applications: Once the forms are filled, submit them to the nearest branch or community banking branches of First Abu Dhabi Bank.

Ratibi Card Balance Check Process

Checking the balance of your Ratibi Card regularly is vital for managing finances and ensuring that you are aware of your spending.

Here are the steps for the Ratibi card balance check -

• Visit the official website of First Abu Dhabi Bank.
• Go to the Ratibi prepaid card section from the menu.
• On the Ratibi card profile page, locate the sub-section titled ‘Existing Ratibi Card Holder’.
• Click on the hyperlinked text ‘Ratibi prepaid card balance enquiry’.
• You will be redirected to a page where you need to enter the last two digits of the card number and card ID.
• Click on the ‘go’ button.

Alternatively, you can directly go to PPC NBAD, which is the FAB prepaid card enquiry system. You can enter the card details here and check your Ratibi card balance.

For quick facts about the Ratibi card, check out some frequently asked questions in the next section.

Frequently Asked Questions