Cash Management – Al Masraf

Cash Management

Our Cash Management Solutions make your financial flows easy and accurate and allow you to work seamlessly with your business to achieve your target.

To manage your cash flow you require different products and tools with Al Masraf we simplify it.

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Payment Services

Our Payments solutions extend total flexibility for corporates to manage their entire payment requirements offering a wide range of services covering.

Funds Transfer

  • Funds Transfer services offers variety of payments types for Corporate customers to handle large volumes of transactions /Bulk Transfers
  • Own Account Transfers
  • Account to Account Transfer (with in Al Masraf)
  • Domestic Funds Transfer ( UAE Central Bank payments)
  • International Fund Transfer (swift)
  • Customers can send requests through electronic format via secured email along with debit instructions from company authorized representatives
  • All funds transfer transactions are governed by separate cut-off times and Value dates for currencies.
  • Our Corporate Payroll solutions caters to all your employees covered under WPS (Wages Protection system as per the UAE Central Bank Guidelines) and Non WPS entities covering government , semi government, and other entities not registered under Ministry of labour.
  • Executive Payroll Services catering to employees maintaining personal accounts with Al Masraf and other bank accounts with in UAE.
  • Low wage Payroll services caters to employee with low income who do not have bank account will directly receive salary through vendor provided salary cards with cash payouts at exchange centers or client work places.
  • We have partnered with UAE Central Bank accredited Exchange houses such as Al Fardan.

Corporate Salary Transfers (WPS & Non WPS)

  • Our Corporate Payroll solutions caters to all your employees covered under WPS (Wages Protection system as per the UAE Central Bank Guidelines) and Non WPS entities covering government , semi government, and other entities not registered under Ministry of labour.
  • Executive Payroll Services catering to employees maintaining personal accounts with Al Masraf and other bank accounts with in UAE.
  • Low wage Payroll services caters to employee with low income who do not have bank account will directly receive salary through vendor provided salary cards with cash payouts at exchange centers or client work places.

Demand Drafts

  • Al Masraf offers payments solutions for corporate payments through Demand Draft.
  • Drafts are issued in foreign currency for USD, GBP, and EURO.
  • Customers can send requests through electronic format via secured email followed by debit instructions from company authorized representatives.
  • Drafts can be delivered to the customers directly or at the nearest branch on the following business day.

Managers / Pay Orders Cheques

  • Al Masraf offers payments solutions for corporate payments through Managers Cheques.
  • Customers can send requests through electronic format via secured email followed by debit instructions from company authorized representatives.
  • Managers cheques are issued only in AED Currency ,which are valid for Twelve months.
  • Manager’s cheques can be delivered to the customers directly or at the nearest branch on the following business day.
  • Corporate Customised Cheques.
  • Corporate customised cheques are tailor made incorporating company logo design carrying the brand image on the cheque issued by the corporate.
  • Corporate Cheques are designed with corresponding voucher format as required by the corporate for their easy accounting.
  • All customized Cheques are ICCS compliant with security features which can be made available in A4, Continuous form, book form with perforated voucher portion and carbonized copies.
  • Corporate mandated dividend and interest payments to shareholders can be facilitated with our available extensive payments options.
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Collection Services

Our Collection Solutions offer customized collections for corporates to enhance the collections cycle for quick availability of funds.

Cash & Cheque Collections

  • We offer various types of collection services to pick up cash, cheques, documents from customer location to bank and vice versa to meet your requirements.
  • Armored Car Services – We provide secure transportation of cash, cheque, and documents through a reputed security company through a joint agreement across emirates with flexible timing 365 days in the year.
  • Courier Service – Companies can outsource their pick-up and delivery of documents like Cheque book requests, remittance instructions, Trade documents and other bank documents to a reputed courier agency engaged by the Bank in a special tamper proof pack.
  • Six types of pick-up services are offered such as Verified Cash Pick-up and delivery, Unverified Cash pick-up and delivery, verified cheque pick-up, Cash denomination exchange and coin delivery, and transaction banking documents pick-up and delivery.
  • Pick-up services can be arranged for daily/weekly/fixed or multiple pick-ups from any client location in all seven emirates.

PDC Cheque Ware Housing

  • PDC ware housing service provides secure storage and timely lodgment of cheques on due dates enabling corporates to focus on core business activities.
  • Postdated cheques withdrawal or replacement is allowed as per corporate requests.
  • PDC collections can be arranged through courier services for pick & delivery

Customized Deposit Collections

  • To meet the specific needs of Corporates we have introduced customized deposit slips which are tailor made incorporating company requirements to capture specific data for easy reconciliation for company back office.
  • All customized deposit slips can be made available with perforated voucher portion or carbonized copies.
  • Our Capital markets team has specialized in handling corporate capital raising activities acting as bankers to the public issue by collecting share application amount from investors.

Corporate Capital Collections

  • Our Capital markets team has specialized in handling corporate capital raising activities acting as bankers to the public issue by collecting share application amount from investors.
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Direct Debt

The UAE Central Bank has introduced a simple, secure and fully automated system that helps to pay the regular recurring amounts towards, utility bills, mortgage cheques, loan EMIs, credit card bills, etc. by placing a Direct Debit.

The banking consumers will be able to make regular payments automatically from their bank accounts thus reducing the risk of missing the payments and reducing paperwork and processing time significantly.

  • Direct Debits System is a way to pay your regular recurring payments from your account.
  • Direct debit is a secure one time set-up by signing a Direct debit mandate form.
  • Once the Direct debit mandate is set then you bank account will automatically debit the amount on the due date ,no need to remember the payment date and rush for payment on the last day.
  • Direct debit is paper less, cost effective and above all greater convenience.
  • Click here to view FAQ for Direct Debit.
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Account & Liquidity Management

Account Management

  • Our Account solutions offer flexibility for corporates to open and operate multiple accounts in different currencies like AED,USD, GBP,EURO just by maintaining minimum balance that fits to your business needs
    • Current Account
    • Call Account
    • Fixed Deposit

Liquidity Management

  • Our Liquidity solutions offer effective management of funds by cash pooling for corporates with different group structures and large business volumes to minimize the cost of funds and maximise the returns on idle funds to increase profitability.
  • Customers can select different options to accumulate there funds for better liquidity management by giving standing instructions like
    • Standard Sweep – Standard sweep is set to maintain account regular minimum balance
    • Surplus sweep – Surplus amount in different accounts to be swiped to the pooling account
    • Two way sweep – combination of standard & surplus sweep where minimum balance is maintained and surplus is pooled.
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Corporate Online Banking

Al Masraf (Arab Bank for Investment and Foreign Trade) is introducing Corporate Online Banking Services to make the banking more efficient and convenient by providing round-the-clock and around-the-globe online access to your accounts and transactions.
It has always been our endeavor to offer our services to meet your banking needs.

Key Features

  • Online Real-time Account reporting
  • Access control for users
  • Authorization limits for funds transfer
  • Transaction initiation singly or in Bulk
  • Submit wide array of service requests
  • Integrated alerts and reports
  • High level of security
  • Dedicated implementation and customer support.

Accounts

Accounts module provides you with the ability to view all your local and foreign currency accounts, deposits & loans such as

  • View all your local and foreign currency accounts, fixed deposit & loan balances
  • View all your account, fixed deposit & loan details
  • View and search account transactions
  • Download account statements up to one year in various formats (PDF, Excel)

Transfers

Funds Transfers module provides you with the ability to effect payments such as

  • Within own & Al Masraf accounts
  • Process domestic local payments
  • Process International payments
  • Make use of inbuilt features of beneficiary management to create and manage beneficiary

Trade Finance

Trade finance modules provides you with the ability to view all your trade products such as

  • View all your letter of credit, bank guarantee & shipping guarantee products
  • View all trade products reports
  • View all your treasury money market and foreign exchange deals

Alerts and Services

Alerts and Services provides you the ability to request for various requests as part of the services

  • Initiate service requests for Cheque book, Archived statements, & trade products
  • Monitor the status of service requests
  • Service completion alerts will be delivered to the user mail box
  • Foreign exchange rates
  • Deposit rates for different currencies and tenures

Administration

Administration function provides you with the ability to request for

  • Access control for corporate user to manage user activities
  • Daily limits for funds transfers
  • Transaction limits for authorizers to effect payments

Security

We have incorporated a range of security features

  • Industry standard 128 bit SSL encryption standard to ensure high level of security for your online transactions
  • Different login & transaction passwords to execute transactions to effect payments
  • Virtual keyboard to protect your login and password credentials
  • Secure Image to protect form phishing attack

Dedicated implementation and customer support

Our dedicated customer service and implementation team will support customers in all activities including handling of documentation, set-up, training, service, and product assistance maintaining highest standard of quality and delivery Team of experts and technical team are always available for your support, who are a phone call away, to support customer queries.

Security Notice

  1. Please do not share your user ID and Passwords with anybody. Keep it totally Confidential
  2. Please Keep your Passwords Complex and change them regularly
  3. Please do not share your Debit/ATM card or Credit card password with anybody. Keep it totally Confidential
  4. Never respond to any Email or SMS asking for your User ID, Passwords, Credit / ATM Card information or any other information. If you receive any, report to us
  5. For using Al Masraf Online Banking, Ensure you type www.almasraf.ae and avoid following any links received via e-mail, SMS, etc.
  6. Ensure your personal, identification and contact details are up to date in our bank records
  7. Ensure to log off immediately once you have finished using your online banking.

إشعار امني

  1. يرجى عدم مشاركة معرف المستخدم وكلمات المرور مع أي شخص. ابقها سرية تماماً
  2. يرجى أن تختار كلمات مرور معقدة مع الحرص على تغييرها بانتظام
  3. يرجى عدم مشاركة كلمة المرور لبطاقة الايداع / بطاقة الصراف الآلي أو بطاقة الائتمان الخاصة بك مع أي شخص. ابقها سرية تماماً
  4. لا ترد أبدا على أي رسالة بريد إلكتروني أو رسالة قصيرة تطلب منك الإفصاح عن هوية المستخدم الخاص بك أو كلمات المرور أو معلومات بطاقة الائتمان/الصراف الآلي أو أي معلومات أخرى. إذا تلقيت أي من الرسائل المشار إليها أعلاه، يرجى منك أن تبلغنا بذلك
  5. لاستخدام خدمات " المصرف " عبر الإنترنت، تأكد www.almasraf.ae و تجنب اتباع أي روابط ترِدُك عبر البريد الإلكتروني أو الرسائل القصيرة أو غيرها
  6. تأكد من أن معلوماتك الشخصية والتعريفية وتفاصيل الاتصال بك المصرح بها في سجلاتنا المصرفية محدثة
  7. تأكد من تسجيل خروجك فورا بعد الانتهاء من استخدام الخدمات المصرفية عبر الإنترنت.

نصائح أمنية لاستخدام الخدمات المصرفية عبر الإنترنت

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