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Transaction Banking

Seamless transactions, powerful solutions.

Streamline your business transactions with our advanced transaction banking solutions. From cash management to trade services, we optimise your financial operations.

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Cash Management

Optimise liquidity, streamline cash flow, and empower your business with our cash management solutions.

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Merchant Services

Tailored payment solutions to help you offer the best and most flexible payment solutions for your business.

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Payments & Channels

A comprehensive suite of payment channels to ease and simplify your business’s different payment requirements.

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Trade Finance Solutions

Trade finance solutions that provide the working capital needed to help with your import, export, and local purchases and sales needs.

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Cash Management

Comprehensive cash and liquidity management solutions, featuring automated collection services, flexible call accounts, direct debit services, and more to enhance business cash flow and financial visibility.

Liquidity Management

Maximise efficiency with comprehensive liquidity management solutions allowing you to take well-informed funding or investment decisions.

  • Account Pooling & Aggregation: Allowing you to view all the group accounts in a single view.
  • Cash Concentration: Helps in identifying excess funds available and better managing the funds availability by transferring funds from different accounts into a central account using various methods like.
  • Zero Balancing: Possibility of zero balancing accounts to manage the liquidity in a better way.
  • Target Balancing: Facility to maintain a certain limit on funds in a particular account by transfer of funds from main account to sub account or vice versa.
  • Fixed Sweep: Facility to move a fixed amount of funds from a particular account to the main account.
  • Call Account: Experience the flexibility of higher returns and immediate fund access with our call account. Enjoy the convenience of real-time access to your funds coupled with competitive interest rates. Interest is accrued daily and credited monthly, ensuring your balance grows steadily. Withdraw or deposit funds without any time constraints.

Collections

Our collection services enhance your business by providing you with visibility over receivables. We offer a wide range of collection services to cater to your needs, including:

  • Direct Debit: Automate collections, allowing clients to collect payments from payers automatically and address challenges around late collections or reconciliation.
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Merchant Services

Flexible, secure, and easy-to-use point-of-sale solutions provide multiple payment methods, enhancing customer experience.

NBB GO (SoftPoS)

Versatile payment solutions for diverse corporate transactions.

  1. Contactless Card Payments & Digital Wallets: Process various payment methods through smartphones.
  2. Secure Transactions & Advanced Encryption: Ensure data protection during payment processing.
  3. Works on NFC Android Smartphones: Compatible with a wide range of devices.
  4. Quick & Simple Installation: Easy setup process for immediate use.
  5. Real-Time Transaction History: Access up-to-date payment records instantly.
  6. E-receipt Sharing: Send digital receipts to customers conveniently.

Minimum Device Requirements

  • Android Device (OS Version 12+)
  • NFC Compatibility
  • Google Play Store Access
  • Internet Connection

Point-of-Sale (PoS)

Work with handheld or self-service terminals and systems that allow your customers to pay easily.

  • Handheld Terminals: Compact POS that can be carried and operated by hand.
  • Unattended Terminals: Self-service systems that allow customers to complete transactions without assistance.

Benefits

  • No Installation, Subscription, or SIM Card Fees: Cost-effective solution with minimal setup charges.
  • Direct ECR Integration: Easily connect with electronic cash registers for efficient operations.
  • Robust Security & End-to-End Encryption: Ensure transaction safety with advanced security measures.
  • Contactless Payments: Accept tap-and-go payments for faster transactions.
  • Multi-Merchant Support: Manage multiple businesses through a single terminal.
  • Fraud Monitoring: Detect and prevent fraudulent activities in real-time.
  • Dynamic Currency Conversion: Offer customers the option to pay in their preferred currency.

For added convenience, the gateway offers a hosted payment page option, where customers can be directed to a secure, bank-hosted page for payment entry. With high availability and uptime, businesses can rely on the National Bank of Bahrain payment gateway to facilitate and secure online transactions, delivering a superior customer experience.

Payment Gateway

The National Bank of Bahrain payment gateway is designed to provide a flexible and reliable solution for processing online payments.

The gateway features fast and simple integration, allowing businesses to easily incorporate it into their e-commerce platforms or websites. To enhance security, the gateway utilises tokenisation, replacing sensitive card data with unique identifiers. Real-time fraud monitoring and PCI DSS compliance ensure the safety and integrity of transactions.

Corporate Credit Card

National Bank of Bahrain’s corporate credit cards offer customisable spending limits, global acceptance, and enhanced security features, simplifying business expense management and providing valuable travel benefits.

Requirements

Discover the simple steps and requirements to open your corporate business credit card account, ensuring seamless financial onboarding.

  • Corporate Credit Card Agreement & Application Form
  • Corporate Credit Card Fees Disclosure
  • Credit Card Board Resolution
  • Credit Card Request Letter
  • Valid Commercial Registration (CR) Copy
  • 2 Valid Identification (ID) Documents (for each cardholder with the residency permit for non-Bahraini)

VISA Signature & Platinum Business

Our business credit cards allows flexibility, convenience, and ease required for efficient management of business purchases and travel expenses.

  • Customisable Spending Limits: Set and adjust credit limits for individual cardholders based on company policies.
  • Global Acceptance: Use the card for purchases worldwide, wherever the card network is accepted.
  • 24/7 Customer Support: Access round-the-clock assistance for any card-related queries or issues.
  • Detailed Monthly Statements: Receive comprehensive reports of all card transactions for easy expense tracking.
  • Mobile Wallet Compatibility: Add the card to digital wallets for contactless payments using smartphones.
  • Enhanced Security Features: Benefit from advanced fraud protection and secure transaction technologies.
  • Travel Benefits: Enjoy perks such as travel insurance, airport lounge access, and concierge services.

Payments & Channels

Reliable and cost-effective payment solutions, including online and manual options for various types of corporate transactions, from local bill payments to international transfers.

Additional Payment Options

Versatile payment solutions for diverse corporate transactions.

  • Cheque Book Facility
  • Cheques
  • Demand Draft
  • Manager Cheque
  • eCheque

Payments Overview

Our online and manual options enable corporates to pay various types of payments with just a few clicks.

  • Reliable and Cost-Effective Payment Solutions: Our online and automated options enable corporates to pay various types of payments with just a few clicks:
  • National Bank of Bahrain Commercial Cards Payment: Transfer funds and payments into your corporate credit card accounts.
  • Within National Bank of Bahrain and Self-Account Transfers: Facilitate internal transfers between accounts.
  • Local Bill Payment Using Fawateer: Pay local bills through the Fawateer system.
  • Local Payments (Fawri, Fawri+): Conduct domestic transfers using Bahrain’s payment systems.
  • Cross-Border Payments: Execute international money transfers.
  • Support for AFAQ Payments: Process payments through the AFAQ system.
  • Single and Bulk Transfers: Perform individual or multiple payments in one transaction.

Features

Discover how to streamline and manage your business’s financial processes, easily.

  • 24/7 Access: Round-the-clock availability of account information and services.
  • Secure & Password-less Login: Enhanced security measures for account access.
  • Mobile Application: On-the-go management of banking activities.
  • Local (Fawri, Fawri+, Fawateer) & International Transfers: Integration with local payment systems and cross-border transactions.
  • Credit Card & Prepaid Card Management: Control and oversight of corporate card accounts.
  • Term Deposit Management: Ability to manage fixed-term investments.
  • Single User Access to Multiple Companies: Consolidated view and control for multi-entity businesses.
  • Exchange Rate Automation for Cross-Currency Transfers: Streamlined process for international payments.
  • Bulk File Processing for Salary and Vendor Payments: Efficient handling of multiple payments.
  • Account Statements in Multiple Formats: Flexible reporting options for financial records.
  • Payment Receipts: Immediate confirmation of completed transactions.
  • SWIFT Confirmation Reports: Detailed documentation for international transfers.
  • Email Alert Management: Customisable notifications for account activities.
  • Configurable Workflows for Transactions & Bulk File Processing: Tailored approval processes for various payment types.

Gain Access: Please send a request to DigiCorp@nbbonline.com or contact your Relationship Manager or the nearest National Bank of Bahrain branch.

NBB DigiCorp

A comprehensive digital banking platform for efficient business management for all types of companies.

  • Robust Security: Safeguard your company’s financial data with state-of-the-art encryption protocols, multifactor authentication, and continuous monitoring.
  • Seamless Transaction Management: Effortlessly manage your company’s cash flow with features such as automated and scheduled fund transfers, instant payments, customisable workflows, and limits.
  • Scalable Solution: Adapt to evolving needs with a platform that scales with your business growth.
  • Integration Capabilities: Enhance productivity with seamless integration with accounting software, ERP systems, and other third-party applications.
  • Enhanced Productivity: Empower your team with online tools and streamlined workflows.
  • Improved Efficiency: Reduce administrative overhead, freeing up valuable time and resources for core business activities.

Features

Discover how NBB DigiConnect can help streamline your financial processes.

Features

  • 24/7 Availability: Round-the-clock access to banking services and data exchange.
  • Support for File-Based Integration: Seamless transfer of financial data using various file formats.
  • Support for API-Based Integration: Direct connection between systems using Application Programming Interfaces.
  • Flexibility to Adopt Any Type of ERP Integration: Compatible with major ERP systems including SAP, Oracle, Microsoft, and cloud-based solutions.
  • Support for Encrypted File Transfer: Secure transmission of sensitive financial data.
  • Multiple File Format Support: Compatibility with various file types including .txt, .xls, .csv, IDOC, XML, etc.
  • Support for Straight-Through Processing with Reverse/Feedback File: Automated end-to-end transaction processing with confirmation capabilities.
  • Email Alert Management: Customisable notifications for important activities and updates.

How to Get Access: Please send a request to DigiCorp@nbbonline.com or contact your Relationship Manager

NBB DigiConnect

Seamless ERP-banking integration for automated financial processes.

NBB DigiConnect is a cutting-edge host-to-host solution designed to automate business processes by connecting your ERP, financial, and internal systems with National Bank of Bahrain’s banking platform.

This versatile solution supports both file-based and API-based integration, offering 24/7 availability and compatibility with major ERP systems. This comprehensive solution is ideal for businesses seeking to optimise their banking operations and achieve easy system integration.

Trade Products

Trade finance products and services, including letters of guarantee, import and export letters of credit, documentary collections, supply chain finance, and specialised loan facilities to support your local and global trade operations.

Letter of Guarantee

We offer various types of guarantees to meet your tendering and contracting needs: From Non-Financial Guarantees like Tender and Performance Guarantees to more:

  • Tender Guarantee: Assures the project owner that the bidder will honour their bid and sign the contract if selected.
  • Performance Guarantee: Ensures the contractor will complete the project according to the agreed terms and conditions.
  • Advance Payment Guarantee: Protects the buyer if they make an advance payment to the seller before receiving goods or services.
  • Retention Guarantee: Allows the contractor to receive full payment by replacing the cash retention with a bank guarantee.
  • Payment/Financial Guarantee: Assures the beneficiary that a specific financial obligation will be met by the guaranteed party.
  • Customs Guarantee: Enables importers to clear goods through customs before paying applicable duties and taxes.

Import Letter of Credit

Letters of credit are one of the most secure payment terms required by many sellers and exporters. We offer letter of credit facilities where National Bank of Bahrain acts as an issuing bank, guaranteeing payment to your suppliers against complying documents. Additional solutions include:

  • Letter of Credit Refinancing: The bank provides financing to the importer after the LC has been issued, helping manage cash flow.
  • Usance Payable At Sight (UPAS) Letter of Credit: Allows the exporter to receive immediate payment while the importer enjoys extended credit terms.
  • LC Based Deposit: The bank offers a deposit product based on the LC, potentially providing better returns for the importer’s funds.
  • Standby Letter of Credit (SBLC): Acts as a guarantee of payment, typically used in ongoing business relationships or for large transactions.

Export Letter of Credit

As an exporter or seller, a letter of credit favouring your business provides an undertaking and comfort to receive payment against shipment of goods, provided shipping documents comply with terms and conditions of the letter of credit. The services include:

  • Letter of Credit Advising: The bank informs the exporter about the terms of the LC issued by the importer’s bank.
  • Letter of Credit Negotiation: The bank examines documents presented by the exporter and provides payment if they comply with LC terms.
  • Letter of Credit Confirmation: The bank adds its guarantee to the LC, assuring payment to the exporter even if the issuing bank fails to pay.
  • Letter of Credit Discounting: The bank provides immediate payment to the exporter by discounting the future payment due under the LC.

Documentary Collections

Open account trading is not always the best option for all importers and exporters. Certain businesses will require a bank to act upon its instructions, thereby giving control of the status of the shipping documents. Documentary collections eliminate high costs and charges of letters of credit with limited risk mitigation.

  • Documentary Collection Refinancing: The bank provides financing against documents under collection, allowing importers to obtain funds before the due date of the collection.
  • Avalisation: The bank guarantees payment of a bill of exchange, enhancing the security of the transaction for the exporter.

Supply Chain Finance

Supply Chain Finance (SCF) optimises cash flow by allowing businesses to lengthen their payment terms.

  • Invoice Prepayment: Buyer centric solution where the bank pays suppliers early at a discount, with the buyer paying the full amount to the bank at the original due date.
  • Invoice Discounting: Suppliers sell their invoices to the bank at a discount, receiving immediate payment while buyers maintain longer payment terms.
  • Advance Against Invoice: The bank provides an advance to the supplier against specific invoices, with the supplier retaining ownership and responsibility for collection.

Trade Import Loan

More than 90% of global trade is conducted on open account basis. Whether your supplier requires an advance payment or payment after receipt of goods, National Bank of Bahrain can offer financing against invoices and shipping documents, subject to terms and conditions.

Discounting Progress Payment Certificates

As a contractor, you may need funding to optimise cash flow, purchase raw materials, and cover operating expenses. Against an acknowledged progress payment certificate by an acceptable paymaster, National Bank of Bahrain can advance the funds, subject to terms and conditions.

Found something inaccurate?

Let us know, we’d be more than happy to help and support, reach out to us

Terms & Conditions
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