Wafer PrePaid Individual Card

The Wafer Individual Card can be loaded or reloaded through:

FAB Cash Deposit Machines (CDMs)
The FAB Mobile app and Online Banking for retail
The payit mobile app (available soon)
Distribution channels (available soon)
MBME Kiosks
The UAE Funds Transfer System (UAEFTS)

Highlights:

Card issuance cost: AED 30 (deducted from the first load)
Easy issue prepaid card without registration or a bank account
Five-year validity (as per the expiry date pre-printed on the card)
Initial load amount will be limited to maximum AED 3,500 and can be used on the RAK Pay government transactions only. Reload and cash withdrawal capabilities will be enabled once the full KYC (Know Your Customer) is completed, with a maximum limit of AED 10,000

This card offers easy loading and reloading of funds to help you keep track of your spending. It is valid for five years (the expiry date is printed on the card).

Loading/Reloading Fees:

FAB Cash Deposit Machines (CDMs): AED 10*
MBME Kiosks: AED 10*
Distribution channels: AED 10* (available soon)
The FAB Mobile app, Online Banking and iBanking: AED 5*
FAB Branch and Nafura: AED 25*
The payit mobile app: AED 5* (available soon)
The UAE Funds Transfer System (UAEFTS) : AED 5*

The Wafer Individual Card is available at Magnati offices, FAB RAK branches and distribution channels.

The Wafer Individual Card includes the following features:

Prepaid card balance refunds:

The balance amount can be refunded at FAB ATMs (if the cash withdrawal feature is available) or you may request a refund at Magnati offices. Please note that incomplete refund requests cannot be processed.

Cash withdrawal amounts:

Cash withdrawals are available at any FAB or non-FAB ATM (the cash withdrawal option will be available once the full KYC process is completed).

FAB ATMs: Free
Non-FAB ATMs )within the UAE): AED 2*
International withdrawals: 2.5% or AED 15 (whichever is higher) *

The redemption fee at FAB branches is AED 25.*

*All the above charges are exclusive of 5% VAT.

	Maximum card balance	Maximum load amount	Maximum reload amount per transaction at FAB CDMs	Maximum reload amount per day at FAB CDMs	Maximum reload amount per month at FAB CDMs
Not registered	AED 3,500	AED 3,500 (one time only)	Not allowed	Not allowed	Not allowed
Full registration (full KYC)	AED 10,000	AED 10,000	AED 10,000	AED 10,000	Unlimited

	Withdrawal allowance per transaction	Withdrawal allowance per day	Withdrawal allowance per month
Full registration (full KYC)	AED 10,000	AED 10,000	Unlimited

Wafer Individual Card