Key Features of Liv Bank ⚙️
Liv describes itself as “the easier bank account you will ever open in the UAE”. It says its target audience includes young people living in the UAE or anyone who possesses a smartphone. The service is owned by Emirates NBD, and most things are done via the app. It’s easy to link your utility bills, mobile and Salik accounts to a one-tap payment system. It’s also simple to send and receive money to and from anyone else who has a liv account. Your Liv card will work at any ATM.
There’s also a useful feature that recommends facilities near you including restaurants. Offers are frequently made available and have included discounts on cruises in the past. You can even link your fitness tracker to the app if you like. You’ll be able to get 1.5% interest on your savings, and it’s simple to transfer your salary to Liv. If you need help with saving, automatic rules can be set up to help you put money aside for essential purchases as well as costlier treats. There are many 50% off deals to look forward to, whether you want to save money on eating out, shopping or entertainment.
You can also get access to a free Liv Platinum credit card and enjoy up to 15% cashback. Liv personal loans are also available, which are ideal for times when you need access to substantial sums of cash, perhaps for a house move, home improvement or just a hard-earned break. Transferring money locally and globally is also straightforward. If you want to request money from friends or send cash to them, you can do this through SMS or social media before a simple bank transfer is carried out. If you’re from outside the UK and need to send money home, this is also perfectly possible. Competitive FX rates are available.
It can be very easy to overspend when you’re in a new country and exploring what it has to offer, but you can get a real-time insight into where you currently stand financially at any point.