Bonus Multiplier Account
1) What is Bonus Multiplier Account?
It is an upgrade to your Savings/Current Account with Liv Bonus Multiplier offers enhanced interest rates and pre-decided banking benefits
2) How much interest can I receive if I upgrade to a Bonus Multiplier Account?
You can receive up to 3.00% interest on your Primary Account balance.
(Interest will be capped at AED 2000 per month)| Category | Eligibility | Interest rate % p.a |
| Transfer your Salary to Liv | Minimum salary > 10K AED | 1% |
| Primary Account Balance | Minimum balance > 30K AED | 0.5% |
| Credit Card spends | Spends > 2.5K AED | 0.75% |
| Debit card spends | Spends > 2.5K AED | 0.25% |
| Remittances, Transfers, Bill Payments | Minimum 3 payments/transfers | 0.25% |
| Personal Loan | Taking a personal loan | 0.25% |
| Total | 3.00% |
3) What benefits will I get?
- Free DirectRemit
- Free local transfers
- Free World Credit Card (Free for the first year)
- Free Global ATM withdrawals
All fees will be reversed into your Primary Account
4) What are the Eligibility requirements?
1) Make Liv your Salary Account. Transfer a salary of AED 10K or more OR
2) Maintain a monthly balance of AED 30K+ across your accounts (Includes Goal Accounts)
Instant balance deposits or salary transfers will not reflect a segment upgrade immediately. Calculations for eligibility will be considered from 1st calendar day of every month.
5) What happens if I do not maintain the eligibility requirements?
Once you are upgraded to Bonus Multiplier, eligibility requirements must be met to continue receiving benefits. If you are unable to do so, there will be 90 calendar days provided to you to fulfill the requirements again. After completion of the 90-day period, if you are unable to meet the requirements, you will be downgraded to a regular Savings/Current Account.
Liv Blog Articles
Hacker Alert! How to Protect Your Data
As technology becomes even more advanced (and hackers become even smarter), it is essential that we stay mindful of our online activities. Here are some tips on staying safe!
Promoting your business on social media
Before you think of a business campaign or promotion on social media, it is important to have a clear vision of what you’re hoping to achieve. Read more to find out what your next steps can be.
How has the pandemic changed the digital banking industry?
While the ongoing pandemic has taught us many lessons over the last two years, one of the most important ones is how to stay distant yet connected. Amongst the social distancing and ‘work from home’ culture that has taken over our world, it is no doubt that our lives are becoming more digital in many aspects.
