The tech revolution is alive and well in the UAE with more than 90% of the population using digital banking. That means millions of people across the nation are using smartphones and mobile banking apps to open new accounts and make their banking transactions in minutes, shop through e-commerce channels, and make and receive payments.
Forward-thinking leaders and tech-savvy residents are keeping banks and other institutions in the region on their toes, demanding more from banking apps, and seeking out benefits that make going digital even more rewarding.
Read on to find out how to squeeze the best benefits from your online banking experience.
Join the revolution
If you’re one of the 10% of people in the UAE who haven’t embraced digital banking, we’re here to help. One of the first and easiest processes you can start with is making an Instant account opening which is incredibly transparent and takes just a few minutes. All it requires from UAE banks’ side is being a UAE resident and meeting a minimum salary requirement or making an up-front deposit into the account.
Once approved, the new account holder will receive a debit card that allows them to kick-start their digital banking life, and revel in the rewards it brings.
Instant access to your accounts
The majority of banks in the UAE have dedicated smartphone banking apps that allow you to view all transactions, balances, and statements online and in real-time. If you’re a stickler for budgeting or have trouble keeping track of your incomings and outgoings, this is for you. Simply open the app and take a look, or set up alerts so you can be on top of any activity occurring in your bank account.
Make sure your loyalty is rewarded
There are loads of digital banks in the UAE vying for your attention, so make sure you choose one that’s packed with benefits for you. A study by McKinsey & Company revealed that 65% of consumers in the UAE said they would be more likely to open an online account with a loyalty program attached. Banks are stepping it up to meet the expectations: points earned on purchases or bill paying can be accumulated and spent on cashback offers, air miles, vouchers, travel, and more.
Check which doors will be opened by the debit card you’re issued with. First Abu Dhabi Bank’s Platinum Mastercard debit card gets you complimentary airport lounge access across the Middle East with no prior booking necessary. If you’re a jet-setter, this is the account and the card for you.
Insurance against the unexpected
Shopping online via banking apps. has become the norm in the UAE, and most consumers are smart about security. It’s not unheard of, however, that occasionally your online shopping experience won’t go according to plan. Look for a digital bank that offers peace of mind with a watertight insurance policy such as covering you for up to AED1,000 per year if your items don’t arrive within 30 days, or are incorrect when they do.
