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Thu 5 Mar 2020 12:03 PM

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Emirates NBD announces reduction in bank charges

Emirates NBD said it's supporting business in the UAE by announcing reduced tariff offers over next three months

Emirates NBD announces reduction in bank charges

In particular, it applies to customers using its revamped 'Smarttrade' platform, which replaces the need for physical branch visits.


Emirates NBD has reduced its bank charges in a bid to support business in the UAE.

In line with recent government and UAE Central Bank initiative, the bank’s 'Transaction Banking' unit has announced reduced tariff offers over the next three months.

In particular, it applies to customers using its revamped 'Smarttrade' platform, which replaces the need for physical branch visits.

The bank will also offer clients new smartTrade activation at no cost for the next three months to allow them to route more digital transactions to the bank.

Ahmed Al Qassim, senior executive vice president and group head, Corporate & Institutional Banking, at Emirates NBD, said: “We are pleased to offer our clients reduced bank charges for transactions initiated via smartTrade platform with immediate effect which will help alleviate pressure by reducing operational costs.

“In addition, our continued investments and focus on digitisation equips our customers to conduct a majority of their trade finance transactions online, eliminating the need for physical requests, enabling them to operate seamlessly from the safety of their offices or homes.”

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