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.

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.

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.

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.

Manager’s cheques are issued only in 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.

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 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

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.

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.

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

Current Account

Call Account

Fixed deposit

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 balancet

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.

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.

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

Access control for corporate user to manage user activities

Daily limits for funds transfers

Transaction limits for authorizers to effect payments

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