Key Facts Statement – Letsgo Payit Card
Key Facts Statement – Letsgo Payit Card
The product is a virtual/physical card issued for full KYC individuals. The card helps cardholders to take care of their expenses efficiently. This
prepaid card is linked to the AED balance available on Payit (similar to a debit card linked to the account).
prepaid card is linked to the AED balance available on Payit (similar to a debit card linked to the account).
Key Features:
- Ability to make purchases in any merchant
- Ability to use for online transactions
- Ability to use ATM machines to withdraw or check balance
Letsgo Payit Card
Eligibility
Full KYC payit customers
Fees
Letsgo Payit Card Fees & Charges
Fees(AED)
Monthly fee
Free
Virtual Card Issuance Fee
Free
Physical Card Issuance Fee
25.00
Physical Card Replacement (lost/stolen)
25.00
Virtual Card Renewal (Every 5 Years)
Free
Physical Card Renewal (Every 5 years)
25.00
FAB ATM- Balance Inquiry
Free
FAB ATM- Cash Withdrawal
Free
NON-FAB ATM- Balance Inquiry
1.00
NON-FAB ATM- Cash Withdrawal
2.00
GCC ATM- Balance Inquiry
3.00
GCC ATM- Cash Withdrawal
6.00
International ATM- Balance Inquiry
3.00
International ATM- Cash Withdrawal
20.00
Declined Transaction (if no sufficient funds)
Free
Annual fee
Free
Card dispatch fee
Free
Cross currency conversion fee
Free
Closure fee
Free
False charge back fee
100.00
Maximum wallet Limit
AED 25,000
Cash withdrawal
Allowed from on us ATM and off us ATM
Load options:
- Letsgo Payit card will reflect the balance available in customer’s wallet
- Card will be loaded by topping up the wallet
Warning
- Payit Wallet must be funded before use. Insufficient funds loaded onthe Wallet may result in a transaction being rejected.
- The bank may suspend or cancel the access of Letsgo Payit Card if conduct is found unsatisfactory or against the Bank’s Compliance policy and/or Central Bank of the UAE regulations.
Notes:
- All the information / options provided by the Bank are for the purpose of your informed decision making and this will not be deemed as specific advice or recommendation.
- The Customer shall submit to the Bank all forms, documents and evidence relating to the issuance of Letsgo Payit Card that the Bank may require, in form and substance satisfactory to the Bank.
- It is the Customer’s responsibility to always provide the Bank with an up-to-date postal address, mobile telephone number and electronic mail address and to notify the Bank of any change of contact information previously provided to the Bank.
- The Bank reserves the right, at its absolute discretion, to add/amend/ delete / cancel any of the terms and conditions and will provide the customer with 60 days' written notice prior to making such changes.
- Consequences for failing to meet the Bank’s terms and conditions at any point either before or during the customer relationship may lead to rejection of request/service as deemed suitable by the Bank.
- This Key Facts Statement shall be governed by and construed in accordance with the federal laws in the United Arab Emirates. Any, dispute concerning the interpretation of these terms and conditions shall be submitted to the exclusive jurisdiction of United Arab Emirates courts.
- Customers can contact the "help@payit.ae" ’ mailbox for any queries related to any applicable terms and conditions.
- The detailed terms and conditions are provided on the Bank’s website Terms & Conditions - Consolidated | First Abu Dhabi Bank - UAE (bankfab.com)
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