• Available to all online banking customers until June 30,
• Includes all foreign currency telegraphic transfers
• Bank committed to providing attractive benefits and greater
Dubai, May 9, 2011: Emirates NBD, a leading bank in the region, announced
today that its foreign currency telegraphic transfer facility is free of charge for
online banking customers until June 30, 2011.
“Today’s announcement will enable our customers to make all foreign currency
online transfers, free of charge, until end of June 2011,” said Abdulelah AlKindy,
General Manager, Retail Banking, Emirates NBD. “This is in line with our
commitment to provide attractive benefits and greater convenience to what is
already a fast and efficient alternate banking channel.”
The limited-period offer is in line with the bank’s commitment to providing
its customers with relevant and convenient services. It is valid for all foreign
currency telegraphic transfers that are conducted via BankNet, Emirates NBD’s
comprehensive online banking system.
“UAE remittances total around AED 120 billion each year, primarily to support
dependents or for investment purposes,” continued AlKindy. “With a large
expatriate population working and residing in the UAE, foreign currency
telegraphic bank transfers are among the more popular services provided by
“At almost half of the total, the largest volume goes to India, followed by China
Bangladesh, the Philippines, Pakistan, Nepal, Sri Lanka, Indonesia and other
countries,” he added.
“As the pioneering online banking service in the UAE, Emirates NBDs BankNet
offers the ideal platform for making fast and convenient telegraphic transfers
to anywhere in the world. The transaction can be carried out simply from any
Laptop or Smartphone, from the comfort of one’s home or office,” he continued.
BankNet allows customers to view their account details, transfer funds, open
accounts and order chequebooks and ATM/debit cards online, with no fees and
24-hour availability. With 32 payment partners, including Etisalat, Du, SALIK,
DEWA, RTA, Emaar Properties, flydubai and many others, the greater part of
managing personal finances can now be taken care of from a single platform.
Other banking solutions offered by Emirates NBD include mobile banking facility,
the latest addition to Emirates NBD’s numerous existing information technology
channels, which also include online, telephone and PDA banking.
About Emirates NBD:
Emirates NBD (DFM: Emirates NBD) is the biggest banking group in the Middle East by assets.
At 31st of December, 2009, total assets were AED 281.6 billion and a combined market share of
The Group has a leading retail banking franchise in the UAE, with 132 branches, 705 ATMs and
SDMs. It is a major player in the UAE corporate banking arena, with a combined market share of
almost a fifth of corporate loans. It also has strong Islamic banking, investment banking, private
banking, asset management and brokerage operations.
The Group has operations in the UAE, the Kingdom of Saudi Arabia, Qatar, the United Kingdom
and Jersey (Channel Islands), and representative offices in India, Iran and Singapore. For more
information, please visit: www.emiratesnbd.com