What is an iVESTOR card?: How to apply? Requirements

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What is an iVESTOR card?

Launched in 2010, the iVESTOR card is a ground-breaking and creative solution from Dubai Financial Market (DFM). Instead of the customary cheque in the mail, the pre-paid card enables investors to receive their dividends straight into their iVESTOR card.

Dividends are automatically transferred to your iVESTOR card, which you can use to withdraw cash from ATMs that bear the VISA or PLUS logos as well as Emirates NBD branches.

How to get an investor card in Dubai?

For Individual

Fill in the form.
Submit with the appropriate documentation via : Dubai CSD, Trading Floor, Dubai World Trade Centre, DFM Broker (see Brokerage Firms).

Documents Required

UAE Nationals and Residents: Valid copy of Emirates National ID.
Non Residents: Valid copy of the passport.
If a Minor (below 21 years)UAE nationals and residents, a valid copy of the guardian’s Emirates National ID, and for non-residents, a valid copy of their passport.

For new investor

Fill in the form.
Submit with the appropriate documentation via : Dubai CSD, Trading Floor, Dubai World Trade Centre, DFM Broker (see Brokerage Firms).
Your Investor Number will be sent by SMS once processed.

Documents Required

A valid copy of the Trade License and Commercial register.
A true copy of the Memorandum of Association.
A true copy of a duly authenticated authorized signatory letter issued by the company.
For UAE citizens and residents, a valid copy of their national ID is required; for non-residents, a valid copy of their passports is required.
Clearly state the bank account information in a bank statement or certified bank letter. The investor’s name should be on the bank account.

How to activate my DFM account?

You need to contact +971 4 305 5555 or email at customerservice@dfm.ae to activate your card.
Can contact nearest branch center.

What is the minimum amount to invest in DFM?

Cash deposit machines from Emirates NBD will accept up to AED 40,000. Any sum above AED 40,000 can be placed in cash at any Emirates NBD branch, or you can use the online banking services of Emirates NBD to transfer money from your personal Emirates NBD account to an iVESTOR card.

Where is the iVESTOR card accepted?

The iVESTOR card is accepted everywhere in the world at ATMs bearing the VISA and PLUS marks, as well as in stores, eateries, other retail locations, and online retailers who take VISA. For instance, to buy phone apps through app stores, reserve movie tickets, buy phone credits, or pay regular bills.

Can I make purchases with the iVESTOR card?

Through a point-of-sale device that accepts VISA, purchases goods, services, perks, and/or reservations from retail establishments inside the UAE and abroad.
Purchase goods, services, benefits, and/or reservations via the internet or telephone.
For further information check here.

Features and benefits of iVESTOR card

Any due dividends from DFM-listed companies will be credited immediately to your iVESTOR Card.
DFM dividends can be quickly and easily withdrawn as cash from millions of VISA or PLUS ATMs spread over 200 countries, from Emirates NBD ATMs, or “over the counter” at any of the Emirates NBD branches located throughout the UAE.
USE THE DFM eIPO ONLINE SUBSCRIPTION PLATFORM TO SUBSCRIBE TO IPOs/Rights Issues.
Any Emirates NBD branch, ATM, or internet banking can CASH TOP UPS into your iVESTOR Card.
OVER-THE-COUNTER AND ONLINE SALES of products and services made with your iVESTOR Card at millions of retail locations across the world