Ahlibank unveils Corporate Deposit Card for corporate companies and SMEs
3 July 2023
Doha, Qatar – July 3, 2023: Ahlibank, a leading Qatari owned financial institution, has launched the Corporate Deposit Card to allow corporate companies and Small to Medium Enterprises (SMEs) to deposit cash or cheques in bulk in the account conveniently and securely at any time through Ahlibank’s Cash & Cheque Deposit Machines (CDMs) available at all its branches across the country.
The new Corporate Deposit Card provides a convenient, risk-free and secure method for businesses that frequently deposit cash or cheques to have their accounts credited instantly 24/7 through Ahlibank’s CDMs.
The card offers an alternative to making deposits at the teller’s counter and helps company representatives avoid long queues at the branches, while also giving them the opportunity to securely deposit cash and Cheques into bank accounts.
With the card, which can only be used on Ahlibank’s CDMs, unlimited number of cheques can be deposited one at time and up to QAR 1,000,000 cash deposit per month to be credited instantly to the company’s account.
To benefit from the service, one company can apply for more than one card, which is valid for 5 years. Cardholders will be restricted from making cash withdrawals, debit transactions, balance enquiry, viewing previous statements or any other financial related information on the company.
Commenting on the launch, Mr. Andrew McKechnie, Deputy CEO - Retail and Private Banking said: “Ahlibank is excited to introduce the Corporate Deposit Card as an easy and secure alternative for our business customers to making deposits conveniently around the clock and avoid keeping cash at their premises overnight. The card will save representatives of corporate companies and SMEs a lot of time as they will not need to queue in any branch to make their deposits. Ahlibank is committed to providing essential banking support and services to meet the needs of our valued customers in Qatar.”
To learn more about the Corporate Deposit Card or to apply, visit any Ahlibank branch or call our 24/7 contact centre on 4420 5222 or visit www.ahlibank.com.qa