iVestor Glossary

Ending your relationship with iVestor. Before closing, you need to ensure your balance is zero and there are no pending transactions or disputes.

A summary of your account activity for a period of time, including transfers, card payments, withdrawals and fees. iVestor provides monthly statements by email or in the app.

A mobile payment service by Apple that lets you pay in stores, apps and on websites using your iPhone, Apple Watch or other Apple devices instead of your physical card.

A self-service machine that allows you to withdraw cash, check your balance and sometimes deposit cash into your iVestor account.

The amount of money currently accessible for you to spend, withdraw or transfer from your iVestor account, after any pending transactions are taken into account.

The bank that receives a transfer. When you top up your iVestor account by bank transfer, Emirates NBD is the beneficiary bank.

A licensed financial institution that executes buy and sell orders for securities on your behalf. iVestor is not a broker; it works with partner brokers such as xCube and BHM Capital.

Issuing a new iVestor card to replace a lost, stolen, damaged or expired card.

Any event initiated by a listed company that affects its shareholders, such as dividends, bonus shares, stock splits, mergers or IPOs.

A central institution that holds securities (like shares) and manages ownership records and settlement. Shares held in CSD can be transferred to a broker for trading.

The process of changing one currency to another when you pay or withdraw in a foreign currency. VISA exchange rates and applicable fees are used for these conversions.

The stock exchange where many UAE companies are listed and traded. iVestor is linked to DFM to view your portfolio, corporate actions and dividends.

Payments made by a company to its shareholders, usually from profits. Participating companies on DFM can choose to distribute dividends directly to your iVestor account.

A card payment made online, such as on a website or in a mobile app.

The rate at which one currency is exchanged for another when you use your iVestor card abroad or in a foreign currency.

The costs associated with using certain services, such as international transfers, ATM withdrawals at non-Emirates NBD ATMs, or extra virtual cards. iVestor lists all standard fees in the Fees section.

A standard international number used to identify your bank account for transfers. Your iVestor account has an IBAN that you can use to receive funds from other banks.

“Know Your Customer.” The process of confirming your identity using documents such as Emirates ID or passport, as required by law. This helps prevent fraud and unauthorised use of your account.

The first time a company offers its shares to the public on a stock exchange. You can use iVestor to subscribe to eligible IPOs listed on DFM.

A type of order where you set the price at which you want to buy or sell a stock. The order will only be executed if the market reaches your chosen price or better.

A trading account that allows you to borrow money from the broker to trade larger amounts. If your broker account becomes a margin account, some iVestor trading features may be restricted.

An order to buy or sell a stock at the best available current market price.

A feature in the app that lets you view live prices, indices and market movements for securities listed on DFM.

A single-use code sent to your registered mobile number or email to confirm actions such as login, payments or changes to your security settings.

The four-digit code you use to authorise ATM withdrawals or POS payments. You can change your PIN in the iVestor app.

The terminal used by merchants to accept card payments in-store. The iVestor card supports chip, swipe and contactless (tap) payments at POS terminals.

The collection of all your investments in listed securities, such as stocks, as seen in your iVestor app. It shows holdings, quantities, values and performance.

A card that you load with money before spending. The iVestor card is a prepaid debit card, not a credit card.

Your main physical iVestor card that is linked to your account. Some actions, such as receiving iVestor-to-iVestor transfers, require a primary card.

A feature that rounds your POS purchases up to the nearest whole amount and automatically sends the difference to your saving goal.

A bank transfer made by an employer to pay wages. iVestor is not designed to receive salary transfers, and these transactions will be rejected.

A dedicated target for saving money, such as for travel, education or emergencies. You can set a target amount and date, and fund it through automatic transfers, round-ups and dividends.

A feature that allows you to divide a transaction amount between several people. Each participant receives a request to pay their share through iVestor.

A document showing your transactions and balances during a given period. iVestor provides monthly account statements electronically.

Paying by holding your iVestor card or device close to a POS terminal that supports contactless payments. For security, the first transaction may require inserting or swiping the card.

A dedicated account used for trading through iVestor. You can transfer money from your iVestor card into this account and use it to place trades with the partner broker.

The maximum amount you can transfer in a set period (for example, per day). iVestor has daily limits for iVestor-to-iVestor transfers, bank transfers and top-ups to brokers.

A digital version of your card used for online or remote payments. It has its own card number, expiry date and CVV, and can be funded from your primary iVestor card.

The global payment network that processes transactions made with your iVestor card at ATMs, POS terminals and online.

The section in the iVestor app that shows your overall financial position, including your iVestor card balance, Trading Fund account, saving goals, portfolio and IPO subscriptions.

A custom list of stocks you choose to monitor. You can add and organise securities to track their prices and movements easily.