Seamless transactions, powerful solutions.

Armoured Car Services
Secured deposit/transportation of cash, cheques and documents

Types of Services:

• Cash Collections
• Cash Delivery
• Smart Cash deposit

Documentation Required: Armoured Car Services Agreement & Service Activation Form

Courier Services
Simple and efficient solution to transport non-Cash transactional banking documents.

Types of Services:

• Documents/Cheques Pick-up and delivery
• Ad hoc/On request pick-ups

Documentation Required: Courier Service agreement & Service Activation Form

Local Payments – the payment types currently offered include the following:

• Supplier payments through UAEFTS
• WPS Salary Payments
• Non-WPS Salary Payments

International Payments – international payments can be processed in various currencies

Cheques:
Presently the Bank offers regular cheques in Book form

• Account Pooling & Aggregation: Grants you a consolidated access to view all the group accounts in a single screen
• Cash Concentration: Helps in identifying excess funds available and better managing the funds availability by transferring funds from different accounts into a central account using various methods like:
  • Zero Balancing: Possibility of zero balancing accounts to manage the liquidity in a better way.
  • Target Balancing: Facility to maintain a certain limit on funds in a particular account by transfer of funds from main account to sub account or vice versa.
  • Fixed Sweep: Facility to move a fixed amount of funds from a particular account to the main account.

• Personalized Service: Receive tailored assistance from our knowledgeable staff.
• Wide Range of Services: Access a variety of banking services, including account management, loans, and investment advice.
• Convenient Locations: Find branches in key locations for easy access.
• Extended Hours: Benefit from extended banking hours to suit your schedule.
• ATM Services: Utilize our ATMs for cash withdrawals, deposits, and other transactions.

Additional Payment Options

Versatile payment solutions for diverse corporate transactions:

• Regular and Special Cheques
• Demand Drafts
• Manager’s Cheques/Pay Orders

• Robust Security: Safeguard your company’s financial data with state-of-the-art encryption protocols, multifactor authentication, and continuous monitoring.
• Seamless Transaction Management: Effortlessly manage your company’s cash flow with features such as automated and scheduled fund transfers, instant payments, customisable workflows, and limits.
• Scalable Solution: Adapt to evolving needs with a platform that scales with your business growth.
• Integration Capabilities: Enhance productivity with seamless integration with accounting software, ERP systems, and other third-party applications.
• Enhanced Productivity: Empower your team with online tools and streamlined workflows.
• Improved Efficiency: Reduce administrative overhead, freeing up valuable time and resources for core business activities.

Features
Discover how to streamline and manage your business’s financial processes, easily.

• 24/7 Access: Round-the-clock availability of account information and services
• Secure & Password-less Login: Enhanced security measures for account access.
• Mobile Application: On-the-go management of banking activities
• Local (IPP & UAEFTS) & International Transfers: Integration with local payment systems and cross-border transactions
• Term Deposit Management: Ability to book fixed-term investments
• Single User Access to Multiple Companies: Consolidated view and control for multi-entity businesses
• Exchange Rate Automation for Cross-Currency Transfers: Streamlined process for international payments at competitive FX rates
• Bulk File Processing for Salary and Vendor Payments: Efficient handling of multiple types of domestic payments
• Account Statements in Multiple Formats: Flexible reporting options for financial records
• Payment Receipts: Immediate confirmation of completed transactions
• SWIFT Confirmation Reports: Detailed documentation for international transfers
• Email Alert Management: Customisable notifications for account activities
• Configurable Workflows for Transactions & Bulk File Processing: Tailored approval processes for various payment types

How to Get Access: Please send a request to [email protected] or contact your Relationship Manager or the nearest National Bank of Bahrain branch.

NBB DigiConnect is a cutting-edge host-to-host solution designed to automate business processes by connecting your ERP, financial, and internal systems with National Bank of Bahrain’s banking platform.

This versatile solution supports both file-based and API-based integration, offering 24/7 availability and compatibility with major ERP systems. This comprehensive solution is ideal for businesses seeking to optimise their banking operations and achieve easy system integration.

Features

• 24/7 Availability: Round-the-clock access to banking services and data exchange
• Support for File-Based Integration: Seamless transfer of financial data using various file formats
• Support for API-Based Integration: Direct connection between systems using Application Programming Interfaces
• Flexibility to Adopt Any Type of ERP Integration: Compatible with major ERP systems including SAP, Oracle, Microsoft, and cloud-based solutions
• Support for Encrypted File Transfer: Secure transmission of sensitive financial data
• Multiple File Format Support: Compatibility with various file types including .txt, .xls, .csv, IDOC, XML, etc.
• Support for Straight-Through Processing with Reverse/Feedback File: Automated end-to-end transaction processing with confirmation capabilities
• Email Alert Management: Customisable notifications for important activities and updates

How to Get Access: Please send a request to [email protected] or contact your Relationship Manager

• Tender Guarantee: Assures the project owner that the bidder will honour their bid and sign the contract if selected.
• Performance Guarantee: Ensures the contractor will complete the project according to the agreed terms and conditions.
• Advance Payment Guarantee: Protects the buyer if they make an advance payment to the seller before receiving goods or services.
• Retention Guarantee: Allows the contractor to receive full payment by replacing the cash retention with a bank guarantee.
• Payment/Financial Guarantee: Assures the beneficiary that a specific financial obligation will be met by the guaranteed party.
• Customs Guarantee: Enables importers to clear goods through customs before paying applicable duties and taxes.

• Letter of Credit Refinancing: The bank provides financing to the importer after the LC has been issued, helping manage cash flow
• Usance Payable at Sight (UPAS) Letter of Credit: Allows the exporter to receive immediate payment while the importer enjoys extended credit terms. 
• Standby Letter of Credit (SBLC): Acts as a guarantee of payment, typically used in ongoing business relationships or for large transactions. 

• Letter of Credit Advising: The bank informs the exporter about the terms of the LC issued by the importer’s bank.
• Letter of Credit Negotiation: The bank examines documents presented by the exporter and provides payment if they comply with LC terms.
• Letter of Credit Confirmation: The bank adds its guarantee to the LC, assuring payment to the exporter even if the issuing bank fails to pay.
• Letter of Credit Discounting: The bank provides immediate payment to the exporter by discounting the future payment due under the LC.

• Documentary Collection Refinancing: The bank provides financing to the importer towards bill payment helping manage cash flows
• Avalisation: The bank guarantees payment of a bill of exchange, enhancing the security of the transaction for the exporter. 

• Invoice Prepayment: Buyer centric solution where the bank pays suppliers early at a discount, with the buyer paying the full amount to the bank at the original due date.
• Invoice Discounting: Suppliers sell their invoices to the bank at a discount, receiving immediate payment while buyers maintain longer payment terms.
• Advance Against Invoice: The bank provides an advance to the supplier against specific invoices, with the supplier retaining ownership and responsibility for collection.