National Bank of Fujairah (NBF), a full-service corporate bank, has launched the NBF Lite Bank Account to provide the benefits of digital banking solutions to startups and Small and Medium-sized Enterprises (SMEs) in the UAE.
The new offering is designed to suit the needs of flexi desks and co-working businesses in select free zones. The NBF Lite Bank Account is a one-stop solution for SMEs aimed at providing the benefits of digital banking solutions to entrepreneurs.
The Lite Account is a unique offering from NBF Connect, the first-of-its-kind digital platform dedicated to SMEs. It provides start-ups with exclusive banking services while also assisting them in building their network, connecting with like-minded SMEs, and discovering development opportunities.
SME and start-up customers will be required to maintain a monthly average balance of only $2,723 to open an NBF Lite Account, and new customers will be eligible for free maintenance for the first three months, among other benefits.
Business owners and entrepreneurs can follow three simple steps to open the account by login on to NBF Connect and following the process of completing the digital form online, uploading the required documents, and submitting the application to receive the acceptance confirmation.
Rehan Ali Head – Business Banking NBF
“We have always believed in supporting businesses grow by leveraging our cross-sectorial expertise, as well as a range of products and services. The banks boast a solid track record of supporting the burgeoning SME ecosystem in the country in line with the UAE’s vision and vibrant entrepreneurial spirit. With business banking at its core, NBF aims to unlock emerging opportunities for start-ups and SMEs through tailored digital banking offerings and leverage the growth opportunities that lie in the UAE.”
In 2021, NBF has also launched two innovative banking products tailored to SMEs, the “Ahlan” SME account and the “OneStop” business account. Through these products, NBF is expanding its award-winning banking services and expertise across various sectors to meet businesses and corporates’ needs.
