Thanks to the promising efforts of Al Hilal Bank, UAE residents can now use their Emirates ID as an ATM card too. The Bank will be the first to provide this service. Hopefully this service will come into practice within the next three months. This achievement is a direct outcome of the partnership agreement signed by Al Hilal Bank and Eida in January 2013.
“We were the first bank to cooperate with Eida on the unique idea of using their card’s stored information to simplify and streamline the bank account opening process, which we successfully implemented in 2013. This time we will be the first bank to allow the use of Emirates IDs for ATM withdrawals. This concretizes our philosophy of providing pioneering and cutting-edge services to our customers,” said Mohamed Jamil Berro, the Group CEO of Al Hilal Bank.
“The ID card will be used for authentication processes to verify the identity of the cardholder. The ATMs [machines] or credit card terminals will process the financial transactions,” Dr Ali Al Khoury, Director General of Emirates ID, said. “We expect ID cardholders to carry out ID-based financial transactions anywhere in the world. Emirates ID is exploring ID authentication services with Visa and MasterCard to integrate their services for global use,” Al Khoury said.
Thus UAE residents are very soon going to be free of the hassle of carrying around a great number of cards .Please do keep in mind that till all the other banks follow suit, those ATM cards will have to be kept in hand.