Internet Banking for Legal Entities


اینترنت‌‌بانک ویژه شرکت‌ها و اشخاص حقوقی

The Middle East Bank offers the Internet Banking special service for Legal Persons and Companies, to facilitate easy and quick access to banking operations. Using the MEB Internet Banking for Legal Entities, you will be able to carry out your banking operations, only with a few clicks, without need to visit a branch.

Some advantages of the system are as follows:
• Online access to banking operations with better concentration,
• Option for making payments/ transferring funds from the company’s accounts only with the electronic confirmation of authorized signatories, without their physical presence,
• Managing accounts and carrying out banking operations after office hours and on holidays,
• Speed in doing banking operations and reducing costs.

To have access to MEB Internet Banking, you may visit a branch to receive your username and login password and then enter the Internet Banking through MEB website at www.middleeastbank.ir
The authorized signatories who already have a username for their personal Internet Banking of MEB, may, if interested, use the same username to get access to the company’s accounts after visiting a branch for enabling their access to company’s accounts.

Procedure for online payment for companies and legal persons
• Enabling financial transactions by the maker at the (venue of ) company ( by the accountant, officer for banking affairs, …),
• Sending the request to the company’s authorized signatories’ dashboard,
• Acceptance or denial of the request by the signatories after their logging into internet /mobile banking ,
• Identifying the withdrawal terms and conditions ( in line with the withdrawal terms and conditions, stipulated in the latest notice of the company in official gazette),
• Registration and final approval of the maker of transaction ( by the accountant, officer for banking affairs, …),

Interbank services especially for companies and legal entities
Account Services
Summary of accounts balances
• Summary of all active legal accounts and their details, including account number, account type, type of foreign currency, account balance, blocked amounts , IBAN  (SHEBA) number, the branch in which the account opened and status of the account, are displayed. A summary of loans granted and guarantees and L/Cs issued, if any, are shown as well.

Access to account balance
• You will have access to, and checking of, balance and financial transactions of company accounts for one-year periods.

Viewing the POS terminal statement
• If you enjoy POS terminal, you have the option to view and control statement of funds transferred to your account through POS terminal.

Funds transfer report
• The option of receiving separate reports of bills paid, repayment of loans and all other transactions through MEB internet banking,
• Possibility to follow up and reprint transactions made through internet banking,
• Viewing details of transactions of various portals, separately.

Funds transfer services
• Internal funds transfer,
• This service provides the option to transfer funds from the company’s account to other accounts of the company or accounts of others with the Middle East Bank,
• Option for uploading attachments, in image or pdf formats, for single transactions is available,

Funds transfer between PAYA (Iranian version of real time gross settlement) and SATNA (Iranian version of automated clearing house)
• This service is used to transfer funds from the company accounts to other accounts with other banks,
• Option to make inquiry about the validity of SHABA number for certainty about the destination account,
• Option for uploading attachments, in image or pdf formats, for single transactions is available,

Collective funds transfer
• For internal, or through PAYA system, funds transfer, simultaneous transfer to many accounts and uploading files for multiple users would be possible,
• Option for obtaining receipt and print of the receipt, individually or collectively, for collective funds transfer.

Standing order (standing instruction)
• This option is for multiple funds transfer from the company account to one or many other accounts on certain dates or on daily or monthly bases.
• The standing orders can be viewed and/or deleted.

Bill Pay Services
• All bills, including utility bills ( land line telephone, mobile, water and wastewater connection, gas, electricity), traffic tickets and municipality bills can be paid through this service across the country.

Check Services
• Viewing the list of checks issued by the company,
• Viewing the statues and details of company’s check books in MEB (cashed/unused,….)
• Option to register the amount, date and particulars of the receiver of check (the person who is going to cash it), prior to cashing of it by the user through internet banking.

Loans and obligations services
• Reviewing the loans,
• Viewing  the details of the loans  received from MEB as well as the details of repayment s of received loans.

Repayment of loans
• This option displays the repayment amounts for participatory loans and number of installments for exchange ( installment) loans.

Credit Report
• The full report of instalment facility and details of which (including all details as well as payment and repayment statements)
• The full report of facilities and details of all of them ( including details and payment and repayment statements of non-instalment facilities, debt purchase and facilities related to guarantees)
• The full report of guarantees and details of guarantees issued in IRR (including related details and statements on issuance, amendment and cancellation)
• The list and details of frozen accounts
• It is possible to register the request, made for getting access to credit reports from the branch, through internet banking (official report stamped by the Bank)

International Report
• The report of guarantees issued in foreign currencies
 Report of transfers in foreign currency 
• Report of letters of credit (L/C) in foreign currency
• Report of drafts in foreign currency
• It is possible to register the request, made for getting access to international reports from the branch, through internet banking (official report stamped by the Bank)

Adding to control layers between the maker and the checker
this is offered by request for better control of the company’s transactions. To that end, an operator, who is authorized to control the maker’s transactions(supermaker), controls the transaction prior to signatories’ approval and if the transaction is confirmed by the supermaker, it is
sent to signatories ( checkers) dashboard.
Noteworthy points for using MEB Internet Banking Special Service for Companies and legal Entities.
You are advised to study the Internet Banking Manual for Companies, before logging on and using Internet banking Services.

Login password
Every person nominated by the company, depending on the level of required accessibility, receives a specific user name and login password through the branch or the distance services.
To log  onto internet banking, it is required to change your password after the first time you log in.
Having received the password, you will have seven days to log onto your account.
If the password is entered wrongly three times ( in a row),  the user’s account is blocked.
It would be possible to enable the dynamic password for Internet Banking via text message.

Transaction Password
Transaction password is used to transfer funds through Internet Banking. You can set your password the first time you log onto Internet Banking.

Dynamic Transaction Password
Dynamic, or one-time, password is a security measure, replacing the static password, designed to reduce the passwords- abuse crimes. This service is enabled through making a request at the branch.
It is required to apply dynamic password to make transactions exceeding a certain amount ( 500 million Rials for legal persons) through Internet Banking.
It would be possible for all MEB customers to receive dynamic passwords for the amounts less than the pre-defined amount.
The password is produced and made available through text messaging or  applications.