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Banking Services Overview

BSI-UAE offers a robust set of everyday banking services designed to ensure convenience, efficiency, and security for individuals and businesses alike. Here’s a closer look at the services provided:

Open Account

Teller Services

Our teller counters offer fast, secure, and professional in-branch banking services for all basic transactions.

Services include
  • Cash deposits and withdrawals
  • Fund transfers
  • Cheque encashments
  • Bill payments
  • Account inquiries
Key benefits:
  • Personalized service
  • Real-time processing
  • Available across all BSI-UAE branches

Direct Debit Services (DDS)

Central Bank Of the UAE (CBUAE) has implemented the enhanced. Payments systems offered in the country by introducing a system that is referred to us as UAE Direct Debit System (UAEDDS).

The DDS Is An Alternative Method Of Offecting Recurring Payment Transactions.

Participants In DDS Are
  • Banks, NBFC, Utility Companies, Schools, Service Providers, Corporate, etc
Payer
  • Retail & Corporate customer who have opted to pay for the service provided by OROGINATORS using DD.
Sponsoring Banks
  • Banks through which pre-registered ORIGINATORS can participate in UAEDDS and send out DD-Request are sent out by SPONSORING BANKS.
Paying BANKS
  • Banks to which the DD-Requests are sent out by SPONSORING BANKS

WPS Service (Salary Transfers)

BSI-UAE is an authorized provider of the UAE’s Wages Protection System (WPS). This system allows companies to disburse employee salaries electronically, ensuring compliance with UAE labor laws.

Ideal for
  • Companies with UAE-based employees
Key features
  • Secure salary processing
  • Reduces risk of salary disputes
  • Real-time reporting for employers
ICCS (Inward / Outward Clearing)

The Image Cheque Clearing System (ICCS) is a digital platform that processes cheque transactions across UAE banks.

Inward ICCS: When BSI-UAE receives cheques issued from other banks for crediting to a BSI account.

Outward ICCS: When cheques issued by BSI customers are sent to other banks for collection.

Benefits of ICCS:
  • Faster cheque clearance
  • Reduced manual processing
  • Enhanced security and tracking
Post-Dated Cheque Handling

BSI-UAE offers secure handling and scheduled presentation of post-dated cheques (PDCs), often used in business agreements, rental contracts, and payment plans.

How it works
  • Cheques are held in safekeeping by the bank
  • Automatically presented on the agreed future date
Why it's useful
  • Facilitates future payments
  • Helps manage monthly commitments
  • Avoids missed payment deadlines
Cheque Book Issuance

We provide customized cheque books for both personal and corporate accounts. Cheques can be used for rent, salary, vendor payments, and other business-related transactions.

Features
  • Fast processing of new cheque books
  • Optional courier delivery
  • Available in multiple denominations
Usage tip
  • Always ensure sufficient balance before issuing cheques to avoid penalties.

Fund Transfer System

CThe Central Bank of UAE has announced the launch of an enhanced local electronic funds transfer system (UAEFTS). These enhancements will improve payment and returns processing times for electronic payments within the UAE. The following changes will apply to all domestic UAE Dirham (AED) payment instructions processed via your accounts maintained in UAE from 14 April 2012.

Effective 14 April 2012, all customers are required to provide a valid Transaction Type Code (listed below) to allow banks to accept and process payment instructions. Any payment instruction submitted to Bank Saderat Iran without a valid Transaction Type Code may be rejected, OR delayed. Salaries processed via The Wages Protection System (WPS) do not require a Transaction Type Code. IBAN was implemented on 19 November 2011 with a grace period ending on 12th April, 2012. Therefore, effective 14 April 2012, all domestic payment instructions are required to contain an IBAN in the beneficiary account number.

Any payment instructions including WPS payments submitted without IBAN, with the exception of credit card payments, are subject to rejection by the UAEFTS. If you have standing orders/instructions for effecting payments in future, you also need to amend the same, by providing a valid Transaction Type Code and IBAN equivalent for the beneficiary account. Please be advised that, as per Central Bank guidelines, starting April 14th 2012, credit to accounts held in banks operating in the UAE will be affected solely based on the beneficiary IBAN. As a valued customer of us, we would advise you to provide your proper IBAN to your payers and also obtain valid IBAN numbers from your payees.

You can Download valid Transaction Type Code with description  Here

Please be advised, the codes that can be used are dependant on the type of account that you hold in the books of Bank Saderat Iran. For Transaction Type Code with reference number (INV, ROB, ROC) please provide the reference number in customer reference field.

For further information you may; Contact your Relationship Manager Visit your nearest BANK SADERAT IRAN branch We thank you for banking with BSI.

Yours sincerely To get more information please click on the folowing link : CBUAE Payment and Settlement Systems

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