What is a Universal Account?
Enhanced Banking Services!
Universal Account is a Current Account in UAE Dirhams (AED) designed for individuals earning monthly salary/ income of AED 5,000 or less and can be accessed digitally or using linked Debit Card.
Receive your salary and use essential banking services such as payments, withdrawals, and transfers without the need to maintain minimum balance in addition to a unique IBAN number linked to your Account.
Additional services:
- Transfer or Receive money to/from other banks or senders directly.
- Enjoy international transfers at competitive rates
- Debit card for everyday transactions such as bill payments, shop online and in-store in addition to cash withdrawal through ATM
- Access to mobile banking services through SIB Digital App.
*Effective 8th May 2026 Payroll Prepaid Cards have been upgraded to Universal Debit Card Accounts.
Instant Transfers within SIB
Transfer funds instantly between your own SIB accounts and cards. Or send instant transfers to other accounts or cards in SIB.
What is a Universal Account?
Enhanced Banking Services!
Universal Account is a Current Account in UAE Dirhams (AED) designed for individuals earning monthly salary/ income of AED 5,000 or less and can be accessed digitally or using linked Debit Card.
Receive your salary and use essential banking services such as payments, withdrawals, and transfers without the need to maintain minimum balance in addition to a unique IBAN number linked to your Account.
Additional services:
- Transfer or Receive money to/from other banks or senders directly.
- Enjoy international transfers at competitive rates
- Debit card for everyday transactions such as bill payments, shop online and in-store in addition to cash withdrawal through ATM
- Access to mobile banking services through SIB Digital App.
*Effective 8th May 2026 Payroll Prepaid Cards have been upgraded to Universal Debit Card Accounts.
| Warning | |||
|---|---|---|---|
| The actual time to complete a transaction may differ from estimates due to increased scrutiny of transactions by the correspondent bank/financial institution or entity providing financial services to the beneficiary of remittances | Additional fees may be levied by the correspondent bank/financial institution or entity providing financial services to the beneficiary of remittances. | Penalties and Fees may be applied if there is a customer error or omission in providing correct or incomplete information for remittances. | This product/service may be affected by changes in foreign currency exchange rates. |
Send money to a SIB Card
Send money to any SIB covered or prepaid card in any currency at zero fee and competitive exchange rates, instantly 24/7, using SIB Mobile app, Internet Banking, ATMs, or SIB Branches.
Covered card may take up to 2 working days to reflect updated balance.
What is a Universal Account?
Enhanced Banking Services!
Universal Account is a Current Account in UAE Dirhams (AED) designed for individuals earning monthly salary/ income of AED 5,000 or less and can be accessed digitally or using linked Debit Card.
Receive your salary and use essential banking services such as payments, withdrawals, and transfers without the need to maintain minimum balance in addition to a unique IBAN number linked to your Account.
Additional services:
- Transfer or Receive money to/from other banks or senders directly.
- Enjoy international transfers at competitive rates
- Debit card for everyday transactions such as bill payments, shop online and in-store in addition to cash withdrawal through ATM
- Access to mobile banking services through SIB Digital App.
*Effective 8th May 2026 Payroll Prepaid Cards have been upgraded to Universal Debit Card Accounts.
Send money to a UAE Bank Account
Send money to a UAE bank account, in any currency instantly 24/7 at competitive fees and exchange rates, using SIB mobile app, Internet banking, ATMs, or via SIB branches.
What is a Universal Account?
Enhanced Banking Services!
Universal Account is a Current Account in UAE Dirhams (AED) designed for individuals earning monthly salary/ income of AED 5,000 or less and can be accessed digitally or using linked Debit Card.
Receive your salary and use essential banking services such as payments, withdrawals, and transfers without the need to maintain minimum balance in addition to a unique IBAN number linked to your Account.
Additional services:
- Transfer or Receive money to/from other banks or senders directly.
- Enjoy international transfers at competitive rates
- Debit card for everyday transactions such as bill payments, shop online and in-store in addition to cash withdrawal through ATM
- Access to mobile banking services through SIB Digital App.
*Effective 8th May 2026 Payroll Prepaid Cards have been upgraded to Universal Debit Card Accounts.
Send money using Aani
Transfer money to other Aani users instantly using a mobile number or email address without bank account or IBANs.
Powered by El Etihad Payments, Aani enables seamless & secure real-time payments within the UAE. Aani enables you to transact with Aani users (individuals and businesses) of participating banks and other entities. Send or request money, scan & pay or split bills, manage requests with other Aani users of participating entities.
You can send or request money using mobile numbers, QR codes, or email addresses, without the need to exchange bank account numbers or IBANs.
Transactions are processed instantly, 24x7.
Visit www.sib.ae/aani for more
The smarter way to bank
International Fund Transfers
What is a Universal Account?
Enhanced Banking Services!
Universal Account is a Current Account in UAE Dirhams (AED) designed for individuals earning monthly salary/ income of AED 5,000 or less and can be accessed digitally or using linked Debit Card.
Receive your salary and use essential banking services such as payments, withdrawals, and transfers without the need to maintain minimum balance in addition to a unique IBAN number linked to your Account.
Additional services:
- Transfer or Receive money to/from other banks or senders directly.
- Enjoy international transfers at competitive rates
- Debit card for everyday transactions such as bill payments, shop online and in-store in addition to cash withdrawal through ATM
- Access to mobile banking services through SIB Digital App.
*Effective 8th May 2026 Payroll Prepaid Cards have been upgraded to Universal Debit Card Accounts.
Send money to an International Bank
Transfer funds directly to overseas bank accounts in a wide range of currencies 24/7 at competitive exchange rates through SIB Mobile App, Internet Banking, ATMs and Branches.
International bank transfers provide a secure and convenient way to send money globally, whether for personal, family or business purposes. With access to an extensive international banking network and competitive exchange rates, you can transfer funds confidently to beneficiaries across the world.
Enjoy zero transfer fees when transferring to India, Pakistan, Egypt and Jordan making it an efficient and cost-effective way to send money to these destinations.
What is a Universal Account?
Enhanced Banking Services!
Universal Account is a Current Account in UAE Dirhams (AED) designed for individuals earning monthly salary/ income of AED 5,000 or less and can be accessed digitally or using linked Debit Card.
Receive your salary and use essential banking services such as payments, withdrawals, and transfers without the need to maintain minimum balance in addition to a unique IBAN number linked to your Account.
Additional services:
- Transfer or Receive money to/from other banks or senders directly.
- Enjoy international transfers at competitive rates
- Debit card for everyday transactions such as bill payments, shop online and in-store in addition to cash withdrawal through ATM
- Access to mobile banking services through SIB Digital App.
*Effective 8th May 2026 Payroll Prepaid Cards have been upgraded to Universal Debit Card Accounts.
Cash Pick-up Transfers
- India
- Pakistan
- Sri Lanka
- Philippines
- Nepal
- Bangladesh
Required Documents
- Application form
- Passport & Emirates ID copy
- Valid residence visa for expats
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