Payments
Company Cheques
You can choose from our standard 25 or 50-leaf cheque books or
order customised cheques with your company logo as a personal
touch. You can even use continuous forms to facilitate printing in
bulk, and attach an advice form to your cheque to give your
suppliers more information about the payment.
Banker's Cheques and Demand Drafts
For urgent and high-value UAE Dirham and foreign currency
payments, simply apply for a Banker's Cheque/Demand Draft and we'll
take care of the rest.
Local and International Payments
We offer a comprehensive suite of services for all your payment
requirements. As a member of the UAE Funds Transfer System
and SWIFT, we can help you make:
- UAE Dirham and foreign currency payments domestically or
internationally through telegraphic transfers.
- Send high value UAE Dirham payments locally via UAEFTS
- Single or bulk domestic payments through Local Payments
You can also use our bulk payment facilities for your
high-volume, low-value domestic payments such as vendor/supplier
payments, as well as non-WPS salary payments.
Payroll Services
NBF's Payroll Services can help you meet your monthly payroll
requirements safely, conveniently, and expediently. We offer
WPS-compliant services for both banked and un-banked employees, and
can also support standard domestic or international salary
payments.
Wages Protection System (WPS)
Processing salary payments is more delicate than ever with the
Wages Protection System policies. Our WPS service is a simple
and straightforward facility that allows you to:
- Submit instructions in SIF or Excel formats
- Enjoy same-day processing
- Receive instant notifications for any exceptions and avoid
delays
Payroll Card Service
The Payroll Card Service is designed to meet the demands of
companies with large numbers of un-banked employees. With
this service, the company is able to:
- Cut out bank account formalities and costs
- Eliminate physical cash handling and disbursement
- Reduce operation work around salary payout
- Eliminate security issues related to physical cash
handling
- Avail of mobile or on-site ATMs for large labour camps
- Comply with WPS requirements
At the same time, employees also benefit from an improvement in
the way they receive and spend their salaries. With this
service, they are able to:
- Withdraw cash from any ATM in the UAE
- Avoid carrying cash
- Enjoy one free withdrawal per month
- Receive customer service assistance through a multilingual call
centre
Other Salary Payments
For your non-WPS local and foreign-currency salaries, you can
use our local and international payment facilities. You can
also make use of our bulk payment facilities for high-volume UAE
Dirham salary payments.