Emirates NBD launches 'Advance Account' enabling instant accounts for new to UAE payroll customers
Source: Emirates NBD , Author: Posted by BI-ME staff
Posted: Wed August 16, 2017 11:41 am

UAE. Emirates NBD, a leading bank in the region, today announced the launch of ‘Advance Account’, which will enable employees of the bank’s payroll customers who are new to the UAE to receive their account number on the first day of employment.

The bank is currently piloting ‘Advance Account’ with select employers across the UAE with the aim to ease and accelerate newcomers’ transition to the country. Emirates NBD staff will work in collaboration with the payroll employer’s HR teams to deliver the Advance Account welcome pack to employees on their first day of employment in the UAE which will include current and savings account numbers, access to the bank’s award-winning online and mobile banking platforms and a debit card.

Commenting on the initiative, Suvo Sarkar, Senior EVP & Group Head – Retail Banking and Wealth Management said: “The UAE is home to among the world’s largest expatriate workforces and we are delighted to collaborate with our local payroll customers to provide their new employees a seamless start to life in the UAE. Having an account number from day one in the UAE will empower our customers, offering them convenience while saving valuable time. Advance Account raises the bar in terms of banking in the region and we are certain it will be well received.”  

Following visa processing, customers can apply for a range of products including a cheque book and their choice of credit card from Emirates NBD’s product suite. 

Photo Caption:  Suvo Sarkar, Senior EVP & Group Head – Retail Banking and Wealth Management

About Emirates NBD:
Emirates NBD is a leading banking Group in the region. As at 30th June 2017, total assets were AED 456.2 Billion, (equivalent to approx. USD 124 Billion). The Group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 per cent of all financial transactions and requests conducted outside of its branches.

The bank currently has 221 branches and 1023 ATMs and SDMs in the UAE and overseas and a large social media following, being the only bank in the Middle East ranked among the top 20 in the ‘Power 100 Social Media Rankings’, compiled by The Financial Brand. It is a major player in the UAE corporate and retail banking arena and has strong Islamic Banking, Global Markets & Treasury, Investment Banking, Private Banking, Asset Management and Brokerage operations.

The Group has operations in the UAE, Egypt, the Kingdom of Saudi Arabia, Singapore, the United Kingdom and representative offices in India, China and Indonesia.

The Group is an active participant and supporter of the UAE’s main development and community initiatives, in close alignment with the UAE government’s strategies, including financial literacy and advocacy for inclusion of People with Disabilities under its #Together Limitless platform.

For more information, please visit: www.emiratesnbd.com

 

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