Skip to main content
Transaction Banking

Grow your business with the support of unrivaled expertise

Transaction Banking Services

Account services

Enjoy the many benefits offered to businesses by SIB's wide-ranging account services that come as part of the Current, Watany and/or Fixed Deposit account offering.

Collection services

Focus on what's important to your business on a daily basis and leave the collection services to a bank you can trust. With SIB, businesses can safely consider their cash, cheque and document collections done.

Payment services

SIB offers our Corporate Banking Customers a variety of payment services, including online payments, Demand Draft /Cashier Order, Cash Delivery, Payroll  and customized cheques with logo.

Account Services



 A full range of products and services that caters to all your needs.

  • Current Account
  • Watani Account
  • Fixed Deposit

Learn More

Physical Sweeping
Shortfall Protection
Reporting MT 940
Escrow Service

Payment Services

Online payments

Online payments

Our Bulk Payments Service is a simple, convenient and secure way to make regular payments such as wages, expenses and supplier payments. Managed via Online for Business, the service is ideal for companies that wish to make up to bulk payments in one batch.

You can initiate online transfers to your own account, as well as third party and vendor accounts, with SIB.

Demand Draft / Cashier Order
Cash Delivery
Payroll / WPS and Non-WPS
Host to Host
Bulk Cheque Printing

Collection Services

Cheque and Cash Collection

Cheque and Cash Collection

with benefits that facilitate the utmost convenience. This innovative service provides complete peace of mind, reduces the cost of keeping cash reserve in hand, as well as at the same time provide convince of cash management.


Secure cash handling services include:

  • Insurance of funds
  • Overnight storage facility
  • On-demand Service
  • UAE wide coverage
Post-Dated Cheques Warehousing
Remote Cheque Deposit

Islamic Trade Finance

SIB's wide-ranging Trade Finance solutions comprise innovative and flexible products and services.
Letter of Guarantee

SIB Letters of Guarantee are a valuable tool that helps customers grow their businesses by providing peace of mind to suppliers and contractors, who are in turn assured of timely payment thanks to the firm backing and support of a reputable and financially sound banking institution.

Export LC Murabaha

For businesses that are looking to boost their export capacity and business activity, as well as bridge the gap between cash inflow and outflow, the Export LC Murabaha is the ideal solution. It is a unique product, featuring a combination of two Sharia’a-compliant structures: the Export Letter of Credit and Murabaha

Wakala Collections Murabaha

Is your bank not financing imports due to the company name on the invoice? The innovative WCM improves cash flow by reducing the gap between the payment of imported goods and the payment of the after sale. WCM enhances business opportunities of both local and global suppliers. For more details contact your RM.

How can we help you?


We use cookies to personalize content and ads, to provide social media features and to analyze our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. You consent to our cookies if you continue to use our website.

Rotate For an optimal experience, please
rotate your device to portrait mode.