While banking used to be overwhelming and time-consuming, digitalization has made everything easy. You can easily open an account, track your transaction and pay your bills without visiting the bank. Besides simplifying account opening and transactions, digital banking allows you to get instant virtual debit cards.
Why are instant virtual debit cards important? Unlike physical debit cards, the online bank sends you the card immediately for you to start using for your various needs. UAE has numerous online or digital accounts that provide the best services and instant debit cards. Here is a review of the best online bank account with instant debit card.
Liv by Emirates NBD
Emirates NBD launched the ‘Liv’ account in 2017 to help customers save and manage their finances. This digital lifestyle banking app has an attractive 2% return on account balances. It’s one of the best digital bank accounts that offer instant debit cards upon opening an account. After getting the card, you can start using it for various purposes, including paying your bills, purchasing goods online, etc. Experts reveal that the transactions are less costly compared to other options.
Besides the instant virtual debit card, the online bank account has other features that make it the best option in UAE. For instance, you can enjoy various discounts on travel, events, or restaurants when using a debit card. In addition, the account provides users with an automatic save depending on account sharing and personal goals. These features make Emirates NBD remain one of the top online bank accounts in the UAE and the Middle East. Thus, you can easily register or open your account online and start transacting immediately.
Mashreq Neo
The Dubai-based Mashreq Bank launched this online bank account in 2017 to make digital banking easy. What are the main features of this online account? The account offers a wide range of in-app services, including saving accounts, checking accounts, and debit card payment. Mashreq Neo offers its customers instant virtual debit cards to make it easy to make online transactions. With the rise of technology and the increase in mobile phone use, the bank has been beneficial to many consumers.
Besides the instant virtual debit cards, the online bank account offers a wide range of other beneficial digital financing services. For instance, the bank account allows ID scanning, data auto-complete, and optical character recognition during registration. You can also enjoy a decent support system that allows you to reach them via the Neo Chatbot or call center. After opening the account, you enjoy the foreign exchange, gold trading, and global stock trading at good rates. Lastly, the account allows various payment options, including Mashreq Pay Wallet, Samsung Pay wallet, etc., making transactions effortless.
MoneySmart
MoneySmart remains one of the best online bank accounts with instant debit cards in the United Arabs Emirates (UAE). Since early 2018, it has remained a top choice for individuals seeking the best digital bank account for sharing financial guidance. You can enjoy the wide range of financial features the bank offers. For instance, you can enjoy rewards that you can redeem for discounts and vouchers on the online platform. Besides the instant debit card, you can enjoy these discounts and promotions when making transactions.
Most users rank the bank as the top online bank account due to the instant debit card login and account opening. You can easily open and start transacting with your bank instantly. Besides the instant account opening and debit card login, the account offers 24/7 customer service and a user-friendly interface. However, the bank charges a certain fee for cash withdrawals from other banks, making the transactions costly. Thus, it might not be the best option for freelancers or startup enterprises.
CitiBank UAE
Studies show that CitiBank is one of the top digital bank accounts in Dubai. What are the best features of this digital bank account? The bank account offers a simple and instant account for users in the UAE. You can enjoy an instant debit login upon approval of your account details. The instant debit card login makes it easy to make transactions online. Besides the instant account opening and debit card, you can also enjoy other financial features.
The bank includes a mobile application that makes it easy to operate and make transactions. You can also enjoy a simple and user-friendly interface on the website or mobile application. Citibank UAE has one of the best customer services that respond to your issues instantly. The bank also offers a wide range of credit cards with attractive benefits and rewards. Nevertheless, you have to prepare to pay some fees on non-CitiBank withdrawals.
Xpence
Konstantin Danilkov and Saad Ansari founded this online bank account in 2017. Since its launch, the bank has remained one of the best accounts, offering top digital services. These services range from online transactions to instant debit cards. Xpence is the best online bank account that entrepreneurs open for entrepreneurs in the UAE. The bank has features that best suit sole proprietors, startups, and freelancers, as it combines banking and accounting in one application.
This digital bank account provides automatic tags and shows all expenses or income in real-time to make it easy to monitor your transactions. With advanced technological features, you can add a receipt or click every time you’re using a credit and debit card. Besides adding files and notes to transactions, the bank allows you to create your tags and attach the visa card to the invoice. The account also integrates with several third-party technicians to enhance functionality and user experience.
Conclusion
With banks focusing on digitalizing financial transactions, most banks are introducing online bank accounts. These bank accounts make it easy to make transactions, including withdrawals and deposits. Instant virtual debit cards is one of the best features that these digital bank accounts offer to make it easy to transact online. Above are the best options for an online bank account with instant debit card in UAE. You can open an account with the bank today and get an instant debit card to start your transactions online.