Revolutionizing Banking in the UAE
Al Maryah Community Bank (بنك المارية المحلي) has made history as the first digital community bank in the United Arab Emirates to receive a banking license from the Central Bank of the UAE. With a focus on serving the individual retail banking segment and small business commercial banking segment, the bank is set to transform the way people and businesses manage their finances.
Founded in 2021, Al Maryah Community Bank quickly established itself as a trailblazer in the banking industry. Embracing digital innovation, the bank aims to provide convenient and accessible banking services to its customers. While traditional brick-and-mortar branches have their merits, Al Maryah Community Bank has taken a different approach by harnessing the power of technology to bring banking services directly to the fingertips of its customers.
Al Maryah Bank Physical Branches
Despite its digital nature, Al Maryah Community Bank recognizes the importance of physical presence for certain banking transactions. As a result, the bank has strategically placed three physical branches across the UAE. Its headquarters in Al Mushrif, Abu Dhabi houses a full-service branch, providing a comprehensive range of banking services. In addition, a smart hub (excluding teller) can be found at the Mall of the Emirates in Dubai, catering to the needs of customers in the bustling city. Notably, the bank has also introduced an innovative artificial intelligence technology-based SmartHub at the Abu Dhabi National Oil Company (ADNOC) headquarters. This SmartHub offers services such as subscriptions to Initial Public Offerings (IPOs), instant cash deposits, cheque deposits, and ATM services. Furthermore, at the ADNOC location, customers have access to a multi-functional kiosk (MFK) capable of printing cheque books and debit cards.
Recognizing the importance of accessibility, Al Maryah Community Bank has partnered with Al Ansari Exchange branches throughout the UAE to enable cash deposits. This strategic collaboration ensures that customers have convenient options for depositing funds across the country. Additionally, the bank provides mobile apps available for download from the Google and Apple app stores, allowing customers to access a wide range of services from the comfort of their smartphones.
Al Maryah Community Bank offers an impressive array of financial products and services to both consumers and small businesses. Its consumer banking services encompass a wide range of offerings designed to meet the diverse needs of individuals. For small businesses, the bank provides tailored solutions to support their growth and development, empowering them to thrive in a competitive market.
While Al Maryah Community Bank offers a comprehensive suite of financial services, it does not currently provide an online equities trading platform. However, the bank recognizes the importance of capital markets and allows its consumer clients to subscribe to initial public offerings (IPOs), giving them the opportunity to participate in the exciting world of investment.
Keeping pace with evolving payment technologies, Al Maryah Community Bank supports popular contactless payment methods such as Samsung Pay and Apple Pay. These digital wallet options offer customers a secure and convenient way to make transactions, further enhancing the overall banking experience.
For seamless international transactions, Al Maryah Community Bank employs the SWIFT Code or BIC E097AEXX. This code ensures the smooth and efficient transfer of funds between financial institutions, enabling customers to engage in cross-border transactions with ease.
Al Maryah Community Bank has ushered in a new era of banking in the UAE, leveraging digital innovation to create a customer-centric and technologically advanced banking experience. As the first digital community bank in the country, it has set a high standard for others to follow. With its strategic physical branches, mobile apps, and diverse range of financial services, Al Maryah Community Bank is well-positioned to serve the needs of individuals and small businesses, empowering them to achieve their financial goals in the digital age.