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A leading Islamic bank in the UAE, ADIB is based out in Abu Dhabi and is vouched for its impeccable banking solutions related to personal banking, corporate banking, and more. The financial products provided by the bank include personal bank accounts, credit and debit cards, Takaful, financing, business accounts, etc.
Besides these, ADIB also allows you to open bank accounts like current accounts, savings accounts, Ghina savings accounts, electron accounts, Ghina salary accounts, short-term investment accounts, investment deposit accounts, and more. Among these options is the ADIB Smartbanking account which offers bountiful bonuses and rewards.
This article will help you discover more about what is Smartbanking account, how to open ADIB Smartbanking Account, and the features and the benefits offered by this account. However, we will first explore this question:
What is moneysmart?
moneysmart is a digital community developed by the ADIB Bank to bring together people with different financial experiences and allow them to exchange their knowledge about the same. With this digital platform, you can get in touch with active members across the globe and get insights into financial trends.
When you join this community, you can view product reviews and expert reviews before making new investments. You can even avail of smartbonus when you participate in the community. Individuals opening an ADIB Smartbanking account can easily participate in the moneysmart community.
ADIB Smartbanking Account: An Overview
ADIB Smartbanking account, reportedly the world’s first digital Islamic bank account, is a savings account only meant for personal use that allows you to save in AED. It is usually focused on technology-savvy people who prefer a convenient online banking experience. This account has a social community network where you can exchange ideas and get updates on the recent market trends.
With this account, you can participate in the moneysmart community and avail yourself of rewards and bonuses for being an active member. This banking account will allow you to enjoy easy online banking and even view monthly e-statements via your emails.
Features of ADIB Smartbanking Account
The following are the key features of the smartbanking account:
Both UAE nationals and expatriates are eligible to open this account
You can earn a smartbonus when you refer a friend to ADIB Smartbanking
The debit card can be customised as per your financial requirements
You can block, freeze, or re-issue the cards and regulate the spending/withdrawal limits immediately
You must be earning at least AED 5,000 per month or be a student between the ages of 18 and 24 years
You can manage this account using the latest Smartbanking application
You don’t need to visit the ADIB branch for the on-boarding process, as you can open the account digitally and receive a welcome pack delivered for free
Benefits of ADIB Smartbanking Account
Mentioned below are the advantages of opening an ADIB Smartbanking Account:
You can transfer your salary to this account and win rewards via the ADIB salary bonus scheme
You can avail of high discounts when you use the ADIB Smartbanking card for ADIB Smart deals application
Individuals can earn more rewards for being a member of the ADIB moneysmart community
You get a free debit card and chequebook at your doorsteps for free
One can easily withdraw cash at any of the ADIB ATMs with Smartbanking mobile application
You get the option to easily transfer funds to any UAE bank accounts using your mobile number
Users can earn attractive profits on every Dirham available in the account
With smartdeals, you can avail of more than 1,500 deals and discounts
You earn a bonus of AED 20 for referring a friend or by being active in the moneysmart community
You can send money home if you are an expatriate, with this banking account offering one free domestic and international transfer every month
There is a facility of Expressfinance for select customers with ADIB Smartbanking accounts and salary transfer accounts. Its benefits are:
You qualify for personal finance for amounts up to AED 3 million
You can customise the repayment amount as per your requirements
You can easily apply for a personal loan using your mobile phone
You can monitor and redeem the Sukuks allocated to you with National Bonds
You can avail of a finance amount of up to AED 100,000 within two hours
The entire financing process is paperless and quick
Eligibility Criteria for Opening an ADIB Smartbanking Account
For salaried people, the eligibility criteria are:
Minimum monthly income of AED 5,000 per month
You must be a salaried professional, a business owner, or a partner in a firm
Other people who can apply for the same:
Housewives (including housewives with Visas)
Students (with valid student ID) aged under 24 years
Documents Required to open an ADIB Smartbanking Account
The following are the documents necessary to open a smartbanking account:
Original passport
Emirates ID (for nationals and residents)
Valid residence Visa
Banking service agreement
Ways to Utilise ADIB Smartbanking Account
You can open the smartbanking account online simply by filling out the online form and submitting the required documents
You can schedule an appointment to avail of your free debit card at a convenient time
Download the mobile application and monitor your account even when you travel
Co-create and earn smartbonus by participating in the moneysmart community. You can earn rewards even for referring a friend.
Once the account is set up, you can enjoy simple and smooth online banking and get your e-statements in your mail
KEY TAKEAWAYS
ADIB, the Islamic Bank based in Abu Dhabi, offers various banking and financial solutions. Its recently launched moneysmart community, a digital network of active members, is beneficial for those wishing to learn about managing funds using financial education programs. You can use the account to get market updates and even connect with experts for financial planning.
One of the main offerings of this initiative is the ADIB Smartbanking account, which is a digital savings account that enables tech-savvy people to avail of banking services easily. What sets the ADIB Smartbanking account apart from the mainstream accounts is that you can customise your debit card according to your financial acumen. With the ADIB Smartbanking account, you can avail of smartbonus, referral rewards, and more by participating in the moneysmart community.
The account can be opened by both salaried and non-salaried groups in UAE. Students aged between 18 and 24 years can also open an account to manage their finances conveniently, while salaried employees earning above AED 5,000 per month can do the same for the ADIB Smartbanking account.
Emirates Islamic Bank is one such bank offering exclusive Islamic banking products in the UAE, with the Emirates Islamic Bank zero balance accounts being among the most preferred savings accounts in the UAE.
Zero balance account is fundamentally a bank account that does not have a requirement to maintain a minimum balance, unlike a regular savings bank account.
Dubai Islamic Bank is renowned for offering numerous exquisite financial products in the UAE, with its zero balance account being one of the top options for the same.
Zero balance account does not require an account holder to maintain a minimum balance in their savings bank account, i.e., a bank account with no minimum balance.
Zero balance accounts (ZBAs) prove highly profitable. These are essentially savings accounts that require you to maintain a zero balance at the time of opening.
Transfer your salary to ADCB Hawwil –current account to earn ADCB touchpoints. The ADCB touchpoints are simply rewards offered through the ADCB loyalty program.
Internet Banking, also known as I-Banking or Net Banking, is a service provided by the banks to enable their customers to access their banking details over the internet.
Banks in the UAE charge a penalty on non-maintenance of a minimum account balance by the account holders. There could be numerous reasons for the account holders not being able to maintain the minimum balance in their bank accounts.
Opening a bank account is the heart of the best financial planning discussion. This can be one of the crucial and most effective moves that one can make to manage their finances in an outstanding way.
With a zero balance account, you don’t need to maintain a minimum balance to enjoy the banking services. The article below gives detail about zero balance business accounts in the UAE.
In the simplest of terms, your net worth is the difference between what you have and what you need to give. The things you have are considered your assets.
Opening a salary account specifically, the bank requires a salary certificate issued by your employer. With this certificate, the bank verifies your income, employment status and how stable you have been in your job.
The best laid plans might often not come to fruition, due to factors that are out of one’s control, leading to complications in one’s financial portfolio.
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