Bank cards have become a key part of our daily lives, making managing money easier than ever. These small but mighty cards help you handle various financial tasks without the hassle of carrying cash. With a bank card, you don’t have to worry about carrying large amounts of money or searching for the nearest ATM.
Whether you're shopping in-store or online, bank cards let you pay quickly and securely—making life much more convenient. There are many types of bank cards, each designed for different purposes. Credit cards, debit cards, and payroll or salary cards are among the most popular, helping both individuals and businesses stay organized and manage finances effortlessly.
One such option is the Ratibi Card from FAB, which is the only salary card available for employees earning up to AED 5,000 per month. This payroll solution is gaining popularity in the UAE for its simplicity and convenience. If you’re looking for a way to receive your salary without the need for a bank account, this card could be a perfect choice. It offers an easy and secure way to manage your salary while keeping your finances simple.
Ratibi Card: Everything You Need to Know
Difference between a Salary Card & Debit Card
Let’s first clear up the difference between a salary card and a debit card. A salary card is a type of debit card that’s linked directly to your employer’s payroll system. It's specifically set up for receiving wages, and the maintenance costs are typically covered by your employer, meaning you don’t have to pay any fees for using it.
In comparison, a debit card is linked to a personal bank account and can be used by anyone, whether they’re employed or not. With a debit card, you might face maintenance fees or minimum balance requirements depending on your bank.
What’s a Ratibi Card?
The Ratibi Card by FAB is a prepaid salary card specifically designed for employees earning up to AED 5,000 per month. This card allows employees to receive their salaries directly without needing a traditional bank account, making it an excellent choice for those seeking a simpler and more affordable way to manage their finances.
With this card, you can easily withdraw your salary from ATMs worldwide, free of charge. In addition, the card offers several key benefits, including free personal accident insurance, access to CDMs and ATMs, zero balance requirements, and no maintenance fees for cardholders.
FAB's prepaid salary card offers a cost-effective and convenient solution for UAE workers, providing a seamless alternative to traditional banking methods. Whether you're shopping in-store or online, this salary card helps you save money on banking fees while providing quick access to your funds.
Here is a list of the 6 Best Zero Balance Bank Accounts in UAE in case you are interested in knowing more about low-maintenance accounts.
Unique Advantages for Both Employer and Employee
The Ratibi Card offers unique benefits for both employers and employees in the UAE. Employers can deposit salaries directly onto the card, ensuring employees can access their payments conveniently at ATMs globally. This eliminates the need for a traditional bank account, simplifying payroll processing for businesses.
For employees, the Ratibi Card helps save on banking fees. Employees can withdraw their salaries without incurring extra charges and make transactions easily at retail stores. With the absence of bank account maintenance fees, this becomes an affordable option for low-income workers.
On the employer side, the Ratibi Card streamlines payroll management. Employers can make quick salary deposits, benefit from real-time card tracking, and use online banking for efficient salary disbursement. The card also supports secure salary transfers, ensuring peace of mind for both parties.
Notable Features and Benefits of Ratibi Card
Ratibi Card comes packed with a lot of attractive features and benefits to accommodate the varying needs of employers and employees. Besides offering a simplified solution to receive salaries, the Ratibi Card offers a lot of other advantages including:
- Elimination of a bank account
- Salaries are transferred directly to the card
- Free personal accident insurance which provides a financial net in the face of accidents
- Round-the-clock access to CDMs and ATMs across the globe
- Quick withdrawal and deposit at any time of the day
- Zero balance requirement
- No monthly maintenance charges
- Can be used for making payments in stores and online
- Free SMS alerts
- Easy monitoring of funds
- Personalized PIN selection at FAB’s designated ATMs
- Complied with the UAE Government’s WPS guidelines
- Salaries are credited automatically with simplified payroll processing
- Online card management
Who Can Use a Ratibi Card?
Individuals and establishments who can register for a Ratibi Card include:
- Low-income earners: Employees who earn a maximum salary of AED 5,000 a month can receive their payments directly into the card without opening a bank account. This will help them save money on banking fees and get payments on time without stress.
- Employers with Corporate FAB Accounts: Organizations and employers who already have corporate accounts at FAB can benefit from the Ratibi Card service and pay salaries using diverse payment solutions. To top it off, employers can manage cards in real-time and keep a check on transactions much more conveniently.
- UAE Residents: A Ratibi Card can be obtained by UAE residents who are employed under registered organizations in the country.
Eligibility Criteria
To obtain a Ratibi Card from FAB, you should fulfill the below-given requirements:
- The employer must have a corporate bank account with FAB.
- The employee for which the card is being requested must be a resident of the UAE
- Employees must have updated KYC details to be able to apply for a Ratibi Card.
How to Apply for a Ratibi Card?
to apply for a Ratibi Card, you must first log on to FAB’s official website and hover to the prepaid cards tab. From here on, select the Ratibi Prepaid Card. A dedicated webpage will open providing all details related to the bank card. Scroll down the page and you will find downloads.
- Select the Ratibi application form and provide all essential details.
- After completing the application form, fill in the employee details Excel sheet to send a request for a Ratibi Card.
- Now complete the iBanking application form to get access to the online card management
- All applications must be printed and submitted to the nearest FAB branch or community banking branch.
How to Check Your Ratibi Card Balance Online and via ATM?
Managing your finances effectively starts with keeping a close eye on your Ratibi card balance. Whether you're using the prepaid card to receive your salary or to manage daily expenses, performing a salary check and balance check regularly is key to staying in control of your funds. Here’s how you can do it:
How to Check Ratibi Card Balance Online (FAB Balance Check)
- Log on to the FAB’s official website.
- Hover to the Prepaid Card section and select Ratibi Prepaid Card.
- On the Prepaid Card page, find the “existing Ratibi Card Holder” tab.
- Under this section, click on the “Ratibi Prepaid Card Balance Inquiry”.
- You will now be redirected to a new page where you will have to provide the last two digits of your card number along with your Card ID.
- After providing the required details, click on the “go” button.
- Your available balance will be displayed on the screen.
Important Note: Always use official channels to check your Ratibi Card Balance online. Avoid clicking on fishy links as it puts your privacy and sensitive financial data at risk.
How to Check Ratibi Card Balance at an ATM
Alternatively, you can check your Ratibi card balance at any nearby ATM:
- Insert your Ratibi card into the ATM and enter your PIN code.
- From the main menu, select “Balance Inquiry”.
- The ATM will display your available balance on the screen.
- You can then choose to either withdraw cash or leave the ATM.
By following these simple steps, you can easily perform a FAB balance check on your Ratibi card anytime you need to track your salary or available funds.
FAQs
Can the Ratibi Card be used for withdrawing cash through an ATM?
Yes. It can be used at ATMs around the globe to withdraw cash at any time of the day. You just need to insert your card, type in your PIN, and select “withdraw cash” from the main menu.
What to do in case a Ratibi Card is lost?
In case of loss or theft, immediately contact the customer support team through the designated number. They will provide guidance and required assistance to report the loss and safeguard your funds.
Are there any maintenance fees associated with the Ratibi Card?
No. There are no fees to be paid when making transactions or withdrawing money through Ratibi Card. It’s a zero-balance account with no minimum balance requirement. Cardholders can use the card for free as per their needs.
The card can also be used globally for making payments and shopping online.
Can Money be transferred from Ratibi Card to another bank account?
No. You cannot transfer money from a Ratibi Card to another bank account. The card is designed only for processing salaries and does not allow fund transfers to other accounts.
Is there any limit on the amount to be withdrawn from a Ratibi Card in a day?
Yes. There is a limit on the amount of money to be withdrawn in a day. However, the limit may vary depending on the terms specified by the employer or the bank