Mbank signs MoU with DMCC to digitize business account opening

Mbank signs MoU with DMCC to digitize business account opening

Al Maryah Community Bank (Mbank), the UAE’s pioneer digital bank, has entered into a Memorandum of Understanding (MoU) with Dubai Multi Commodities Centre (DMCC), to streamline the account opening process for businesses within DMCC through a Mbank integrated digital platform. Utilizing Mbank’s Corporate Platform, companies seeking to establish themselves in DMCC can now digitally complete their business bank account opening […]Al Maryah Community Bank (Mbank), the UAE’s pioneer digital bank, has entered into a Memorandum of Understanding (MoU) with Dubai Multi Commodities Centre (DMCC), to streamline the account opening process for businesses within DMCC through a Mbank integrated digital platform.

Utilizing Mbank’s Corporate Platform, companies seeking to establish themselves in DMCC can now digitally complete their business bank account opening in just six straightforward steps, within 48 hours.

This account features no minimum balance requirements or monthly fees, providing businesses access to a comprehensive suite of secure, customized, and advanced digital banking solutions to propel their operations.

Entities based in DMCC can leverage the Mbank’s Corporate Platform, gaining access to a diverse array of offerings including Current & Savings accounts, Online/Mobile banking, the Wages Protection System (WPS), Overdrafts, Loans, and Trade Finance, among other services.

Furthermore, the Corporate Platform offers advanced functionalities like real-time account monitoring, customizable alerts and workflows, swift local fund transfers, standing order instructions, and automated payment