Cash Management Solutions | Emirates NBD Egypt

Cash Management Products

Competing with advanced up-to date technology

We always have the technology needed to compete ENBD Offers a wide range of products and services to improve the easiness and efficiency of managing cash inflows and outflows in the most secured way.

Payables

Receivables

Escrow Solutions

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Payables Products

Our payment solutions provide you with reliable and cost-effective ways to automate your payment processes.

Scoring MT101

Creating an efficient payment environment. Using Swift Score services, corporates can send their financial payment requests to Emirates NBD for processing via the Swift network. This cost-efficient solution offers simplified payment processing, eliminates manual intervention and increases transparency and security of payments. With Swift Score you can: Process FIN and File ACT messages

Corporate Payment Service (CPS)

Ideal solution for settlement of Egyptian Governmental dues. We provide a secured linked line to settle all the governmental payments including customs fees, taxes, social insurance and any other governmental dues from the bank account. With this service there is no need to visit any of the bank branches and the service is available even during bank holidays.

Cor-Pay ACH (bulk payment in EGP)

A service specially created for our high net worth clients. Payment can be initiated through a robust online payment solution. Our corporate clients can use the infrastructure of the automated clearing house for automating different payments through a Direct Credit payment instruction to any bank account in Egypt.

Cheque factory

Enjoy the distinction of having personalized cheques with the bank’s logo along with your company’s logo. The cheques are issued in A4 size and payment summary. This service is linked to your company’s billing system or the Enterprise Resource Planning system (ERP) to minimize duplicating the effort of writing and revising in the company’s books.

Cards

Your Emirates NBD Corporate Credit and Debit Cards help you with managing your cash, controlling your business expenses and also to enjoy an array of premium features and benefits.

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Our collection services provide visibility of your receivables and enhance your business. We have a wide range of collection services that caters to your needs, and allows you to:

Direct Debit System.
Our custodial services for post-dated cheques ensure timely credit on the due date, thus eliminating operational activities and reducing costs.
Our vendor services provide secure cash and cheque pickup and delivery services through an authorized security agency.

Receivables Products

Our collection services provide visibility of your receivables and enhance your business.

EG-ACH Direct Debit

Direct Debit is a quick, easy and convenient method of collecting regular accruing payment from large number of clients like bills, installments, subscriptions, etc., without having to visit the bank.

E-collection

Your Cash Collection services are developed & designed to meet all of your Collection needs in a secure, efficient and convenient way. We have cooperated with Fawry as a pioneering electronic payment network. Our Services including Cashless model & drop off points.

Cash Collection

Eliminate the risk of transporting cash from your company to the bank. Our tailor-made service will transport the cash through strategic alliance with reputed service providers and deposit the cash in your company’s account.

Cash Delivery

Another service that eliminates risks, while saving time and effort is where we can deliver cash to any person or company, at any location, on any specified date & debit the amount from company’s account.

Escrow Services offered to our clients, where the Bank acts as an intermediary between them and other party or parties in managing a deal agreed upon between ENBD client(s) and other parties (sellers or buyers) in all financial transactions or partnership.

A three-way contract in created including all conditions for managing the deal, the various parameters, payment methods, and money transfers that are agreed upon between all parties. The primary role of the Bank is limited to managing all transactions and settlements that take place on the Escrow Account in accordance with the three-way contract in order to preserve the rights of the parties to the transaction in return for the bank collecting the commission set for the service.

Our Escrow services go hand-in-hand with sound advice and detailed management of your day-to-day Escrow operations.

Escrow Account

Benefits of Escrow Services

An escrow account is a legal financial arrangement between two transacting parties where a third-party (bank) holds the financial payment on behalf of two other parties that are in the process of completing a transaction.

Cost Savings and efficiency improvements

Ease of managing

By controlling the terms and conditions provided in the three-way contract, in addition to having full knowledge on the role of each party included.

Increased Security and compliant practices

Safety in concluding

as each of the parties included in the deal completes its role according to the three-way contract.

Confidentiality/Neutrality

ENBD guarantees complete confidentiality not only for all clients involved, but also for the concluded transactions, as in all other banking transactions.

Escrow Account Features

A current account can be set up for all customer segments (Large, Commercial, SMEs)
The account may be in EGP or any foreign currency
No minimum balance to open the account
The account accepts transfers (internal or external) ACH - SWIFT

Escrow Account Types

Real Estate Escrow

We help you open Escrow accounts for your off-plan residential projects and provide guidance on regulations.

Commercial Escrow

We advise on, customize, and manage Escrow accounts tailored to your needs.

Cash Management

Indispensable tools for today's businesses

Cash Management

Cash Management Products

Competing with advanced up-to date technology

Payables

A comprehensive product suite for all of your payments needs

Payables

Payables Products

Our payment solutions provide you with reliable and cost-effective ways to automate your payment processes.

Scoring MT101

Corporate Payment Service (CPS)

Cor-Pay ACH (bulk payment in EGP)

Cheque factory

Cards

Receivables

Flexible, innovative and efficient collection services

Receivables Products

Our collection services provide visibility of your receivables and enhance your business.

EG-ACH Direct Debit

E-collection

Cash Collection

Cash Delivery

Escrow Solutions

Safeguard your Transactions & Reduce the risk of fraud when buying or selling with Escrow

Escrow Account

Benefits of Escrow Services

Ease of managing

Safety in concluding

Confidentiality/Neutrality

Escrow Account Features

Escrow Account Types

Real Estate Escrow

Commercial Escrow

Digi-Sign

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