Frequently Ask Questions (FAQs)

FAQ

Answers To Your Common Questions

Discover some of the Frequently Asked Questions about Vision Bank.
What is Vision Bank?
Vision Bank is the first and only homegrown Category – 1 Bank within Abu Dhabi Global Markets (ADGM). Vision Bank empowers Corporates with tailored financial solutions both within ADGM and DIFC. Vision Bank offers a Seamless Digital Banking Experience in adherence with Shari’ah principles of banking.
What Products does Vision Bank Offer?
As part of our commitment to supporting Corporates in ADGM & DIFC, Vision Bank currently offers corporate bank accounts and payment services that are designed to provide convenient business banking solutions for every business financial operation.
How does Vision Bank ensure Security for its Clients?

Vision Bank prioritizes safety first. We have comprehensive measures to ensure the utmost security and protection of our clients financial data and assets.

 

Our bank is fortified with cutting-edge security systems, ensuring a banking experience that is both secure and dependable. These security measures encompass:

 

Advanced Data Encryption: Your sensitive financial information is shielded through robust encryption protocols, safeguarding it from unauthorized access. We use top-tier encryption technology to protect your data during transmission.

 

Multi-Factor Authentication: We enforce multi-factor authentication procedures, adding an extra layer of security by requiring multiple forms of verification to access your accounts.

 

Continuous Monitoring and Assessment: Implementing proactive monitoring of the bank’s networks and systems for any signs of suspicious activities or security incidents. We regularly conduct security assessments and penetration testing to identify and address any vulnerabilities.

 

Data Privacy: We adhere to strict data privacy regulations to keep your information confidential in accordance with the ADGM data protection regulations.

These precautions reflect our commitment to providing you with a banking environment that prioritizes the confidentiality and safety of your financial affairs.

Are your financial products aligned with Shari'ah principles?
At Vision Bank, we are dedicated to upholding Shari’ah principles in all our financial products and services. Our offerings are thoughtfully designed to align with Islamic banking values and practices. Under the guidance of our Shari’ah Supervisory Board, you can be assured that everything we offer, from financial products to transactions, adheres to Shari’ah-compliant banking in accordance with Fatwas from the Shari’ah Board. Choose Vision Bank for Islamic finance solutions that align with your values and provide you with confidence.
What is a Corporate Account, and how does it benefit Corporates?
A Corporate Account is a versatile business bank account designed for daily financial transactions. It’s ideal for Startups and Corporates as it offers easy access to funds, simplifies payments, and helps manage day-to-day business expenses efficiently. With this account, businesses can facilitate cash flow management, conduct foreign exchange transactions, and support trade financing.
What are the key features of Vision Bank's Corporate Account?
Vision Bank’s Corporate Account is designed to cater specifically to the unique needs of corporates registered in both Abu Dhabi Global Market (ADGM) and Dubai International Financial Centre (DIFC). Some of the key features of Vision Bank’s Corporate Account that sets it apart are
  • Low Maintenance Fees,
  • Completely Digital Banking
  • Dedicated RM for every Client providing a personalized support
  • Access to Payment Solutions, and More.
How can I open a Corporate Account with Vision Bank?
Opening a Corporate Bank Account with Vision Bank is a straightforward process. Here’s a quick guide:
  • Contact Us: Get in touch with our RM team through the website’s contact us section.
  • Documentation: Prepare the necessary documents, including your trade license, identification, and address proof.
  • Application: Our RM will send you an onboarding link.
  • Verification: We’ll review your application and documents, and upon approval, your Corporate Account will be activated for immediate usage.
That’s it! You’re now ready to start using your Vision Bank Corporate Account.
Are there any privileges for Corporates using Vision Bank’s Corporate Account?
Vision Bank’s Corporate Account for offers exclusive privileges and benefits such as:
  • Seamless Digital Banking Experience
  • Dedicated Relationship Manager
  • Tailored Financial Products for Corporates
  • Online Banking Tools

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