Cash Management and Escrow Services

We take pride in understanding the individual needs of each client, providing bespoke solutions tailored to support you at any stage of your business cycle. Our comprehensive products and services include:

  • Transactional & Current Accounts
  • Deposit Accounts
  • Corporate Electronic Banking
  • Payment Services
  • Direct Debit Services
  • Cash Cheque Collection and Delivery Services
  • Debit Card Services
  • SWIFT related services

 

Current Accounts

  • A dedicated Relationship Manager
  • 24/7 customer service representatives  
  • Availability in multiple currencies including AED, EUR and USD
  • Custom designed cheque book
  • Free corporate debit card
  • Convenient electronic banking facilities
  • Monthly statements
  • Standing instruction facilities
  • Attractive remittance exchange rates

 

Saving Accounts

We offer a range of saving accounts all coupled with attractive interest rates:

 

Fixed Deposit Account

  • Available in AED, USD and other major currencies
  • Flexible deposit tenures
  • Option to maximise your returns by reinvesting the original amount (principal) or, the principal amount plus interest, at maturity
  • Competitive interest rates

 

Call Account

  • Easily access your money when needed
  • Available in AED, USD and other major currencies
  • Attractive overnight interest rates on credit account balances
  • Interest calculated daily and paid monthly

Corporate Electronic Banking

Our corporate electronic banking solution offers a range of functionalities designed to enhance convenience and efficiency:

  • Account balance and online statement download in PDF, CSV and Excel formats
  • Status tracking of inward and outward cheques
  • Seamless same currency and multicurrency funds transfers between CBI accounts
  • Efficient local and cross-border transfers
  • Demand drafts and Manager’s cheques upon request

 

It comes packed with security features to give you complete peace of mind:

  • 24/7 system availability
  • System support from our dedicated electronic banking representatives 
  • Two-factor authentication(2FA) such as static password and the RSA security
  • Ability to setup a comprehensive authorisation matrix
  • Security alerts, transaction alerts and workflow notifications

 

Payment Services

Our domestic and global payment services provide added value, enhancing your ability to efficiently manage payments both locally and internationally.

Domestic payments:

  • Local bank cheques/drafts/ cashier’s orders
  • Corporate cheques
  • Local bank transfers
  • Direct debit system (DDS)
  • Wages Protection System (WPS)
  • General pension payment

 

Cross-border payments:

  • Telegraphic transfers
  • International bank cheques/drafts

 

Direct Debit System

Our Direct Debit System (DDS) provides a secured, automated solution designed to seamlessly manage your collections and receivables online. It simplifies recurring payments, allowing you to automate payments for  mortgages and credit card payments.

 

Cash Cheque Collection Delivery Services

Through this service, we eliminate the risks of transporting bulk cash and offer a cost-effective transport and deposit function. We enable faster fund collection and realisation, streamlining treasury functions and, providing access to Smart Cash Deposit Machines (SCDM), including those at remote locations, for added convenience. We also give you the option to visit Transguard’s Cash Management Centers, even outside of usual working hours, to deposit cash directly.

 

Other Services

Sweep Services

Automatically move excess funds from your account to maximise returns or manage cash flow efficiently.

PDC Warehousing Services

Securely store and process post-dated cheques, ensuring timely deposits without manual tracking.

SWIFT Services Through MT940 Statements

Get detailed account statements via SWIFT for seamless reconciliation and global cash management.

Statement Services

Escrow Account Services

We offer comprehensive escrow account related services tailored for property developers Dubai and Ras Al Khaimah, ensuring full compliance with the governance framework of each Emirates and adherence to all relevant laws and regulations. Our services are carefully designed to provide support and transparency throughout the entire property developing process.