The Commercial Bank of Dubai (CBD) is a private banking and financial institution in Dubai, United Arab Emirates. Established in 1969 and headquartered in Dubai, the bank has over 1,000 employees and six branches located in Abu Dhabi, Al Ain, Al Ain Airport, Ajman, Ras Al-Khaimah and Umm Al-Quwain.
Dubai is well known for its sky scrapers, shopping malls, and high-rise buildings. But it also houses an impressive number of commercial banks. The Commercial Bank of Dubai consists primarily of the retail banking operations in the UAE. The bank offers services that range from deposits to credit cards to traditional loans. They are one of the few financial institutions that provide Islamic banking services in Dubai which is great for people who follow Islam.
Debit Card Facilities
Commercial Bank of Dubai (CBOD) is a well-known and praised bank, especially in the Middle East. It has been the leading bank in UAE for over 30 years and remains one of the most reliable banks in the country. The Commercial Bank of Dubai debit card facilities are such that they offer an extensive range. They can be used around the world using any type of currency, and there is no need to pay additional fees when making payments or withdrawals in either local or foreign currency.
In this modern world, it seems like everything is instantaneous. In business, news can be broadcast instantaneously and even transactions can take place instantaneously. Commercial Bank of Dubai is capitalizing on this trend with their new app that allows customers to get bank balances, transfer funds and even withdraw money 24/7 from a select number of their branches.
In an interview with Eve, a senior employee at the Commercial Bank of Dubai in Dubai, she described her job as a salary sorter. Eve explained that one of her most important duties is to make sure the pay checks are accurate and correspond to the hours worked by each individual. In order to complete this process, employees need to enter data from their time sheet into a computer system.
The commercial bank of dubai has begun to charge customers for withdrawals from their ATMs. The change is due to the UAE Central Bank’s new rule, which requires commercial banks in the country to charge a fee on ATM cash withdrawals and impose a limit on daily withdrawals. The commercial bank of dubai offers unlimited transactions and charges no fees for card holders who use their cards overseas or who withdraw money from their account at one of its branches.
Tracking Your Spending
For many people, spending is an emotional battlefield that can be difficult to manage. It feels good to buy new clothes, go out for dinner, or buy a treat for yourself. These are not bad things but it can be easy to lose track of all the money you spend and how it affects your budget. A company called Commercial Bank has introduced a budgeting app that helps people stay on top of their spending by tracking every penny spent.
Cash Withdrawal Fees
Often times, people do not think about the amount of fees that they are paying when withdrawing money from their bank account. When taking out cash from your commercial bank of dubai checking account, there are separate fees for withdrawals and ATM use. The more you withdraw, the higher the withdrawal fee will be. The most common type is a surcharge on ATM withdrawals.
Card Replacement Fees
People all over the world are increasingly replacing credit cards with debit cards. This is because debit cards allow you to spend less money on interest rates and avoid the hassle of late fees. If your card isn’t working, or if it’s been lost or stolen, there are some things to keep in mind before you head down to the nearest branch of your bank. The first thing you should do is contact your bank as soon as possible.
The Commercial Bank of Dubai card replacement fee can vary depending on your card type. For example, the replacement fee for a platinum card is 50 AED and for a gold card it is 20 AED.