Mashreq Savings Accounts in UAE

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Features of Mashreq Savings Account

  • No minimum balance requirement on the saver accounts
  • Can avail in multiple currencies
  • Free products and services are provided 
  • Provides interest rate on the account balance 
  • Can avail account to account transfers on no/ low charges 
  • Can get a debit card on the account opening
  • Minimum balance of AED 3000 is required in the basic savings account

Eligibility Criteria of Mashreq Savings Account

  • Both UAE Residents and Non-Residents are eligible
  • Minimum salary of AED 5000 is 

Documents Required of Mashreq Savings Account

  • Valid Passport
  • Emirates ID(UAE Residents)
  • 2 months Bank account Statements(Non-Residents)
  • Visit Visa(Non-Residents)

Mashreq Bank Savings Account

Mashreq Bank

3 Savings Accounts Provided By Mashreq Bank

Basic Savings Account

Min Balance to Maintain

AED 3K

Monthly Fee

AED 0

Annual Fee

AED 0

Minimum Salary

AED 5K

Relationship Manager

Yes

minimum balance

AED 3K

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

minimum salary

AED 5K

Minimum Salary

relationship manager

Yes

Relationship Manager

Features

  • Both Residents and Non-Residents are eligible
Apply Now

Features

  • Both Residents and Non-Residents are eligible

Benefits

  • Get free net banking, mobile banking and telebanking services globally
  • Can use the debit card anywhere in the world
  • Even Non-Residents are eligible for the savings account
Apply Now
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Max Saver Account

Min Balance to Maintain

AED 0

Monthly Fee

AED 0

Annual Fee

AED 0

Minimum Salary

AED 5K

Relationship Manager

Yes

minimum balance

AED 0

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

minimum salary

AED 5K

Minimum Salary

relationship manager

Yes

Relationship Manager

Features

  • Should have an existing savings or current account at Mashreq bank
  • Can get free accident insurance cover
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Features

  • Should have an existing savings or current account at Mashreq bank
  • Can get free accident insurance cover

Benefits

  • Provides accident cover of up to AED 100,000
  • Can access the account in AED and USD currencies
  • Can open up to 10 Max Saver accounts
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Easy Saver Account

Min Balance to Maintain

AED 0

Monthly Fee

AED 0

Annual Fee

AED 0

Minimum Salary

AED 5K

Relationship Manager

Yes

minimum balance

AED 0

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

minimum salary

AED 5K

Minimum Salary

relationship manager

Yes

Relationship Manager

Features

  • Even Non-Residents are eligible
Apply Now

Features

  • Even Non-Residents are eligible

Benefits

  • Can access the account in foreign currencies
  • Can transfer the funds in no time using online banking facility
  • Interest rate of 0.25%-0.70% is provided
  • Debit card is not provided in order to limit the unnecessary expenses
Apply Now
View Details

View details on bank page

Benefits

  • Free manual transactions at the branch every month
  • Free accident insurance cover
  • Free personalized chequebook
  • Free debit card
  • Provides interest rate depending on the account balance
  • Can open up to 10 saver accounts
  • Can transfer the funds to other accounts on no charges

Frequently Asked Questions

⭐ Can I use my debit card at the ATM on no charges?

A. Yes, you can use the debit card at Mashreq ATMs on no charges.

⭐ Do Non-Residents need to provide UAE bank account statements?

A. No, Non-Residents need to provide bank account statements of their resident country.

⭐ What is the interest rate provided on the balance?

A. The interest rates can vary from 0.20% to 1.25%, depending on the account balance.

⭐ What are the charges on non-maintenance of balance in the account?

A. In the basic savings account if there is no minimum balance then AED 25 is charged per month.

⭐ What are the charges to open an extra Easy Saver account?

A. An account holder can open up to 10 saver accounts on no charges.

⭐ What are the benefits of Mashreq savings account?

  • Free online, mobile & tele banking access service
  • Easy cash withdrawals via debit card anytime
  • Cash withdrawals limit is more than 1.8 million via ATM in 200 countries
  • ⭐ What is the eligibility criteria to open a Mashreq saving account?

  • Minimum monthly income AED 5,000
  • UAE residents
  • Non - residents with a visit or transit visa are also eligible
  • ⭐ What are the documents required for Mashreq savings account?

  • Duly filled application form
  • Original Passport
  • Emirates ID
  • Non - UAE residence must have 2 months (latest) bank statements from country of residence
  • ⭐ Is there any fee to open Mashreq savings account?

    A. No, Mashreq doesn’t charge any fee for opening a savings account.

    ⭐ What is the minimum balance required for Mashreq savings account?

    A. AED 3000 is required to maintain a monthly Mashreq savings account.

    ⭐ In which currency can I do transactions with Mashreq savings account?

    A. Mashreq savings account holders can perform transactions in AED & USD.

    ⭐ Can a non - UAE resident open a Mashreq savings account?

    A. Yes, a non - UAE resident with a valid passport can open a Mashreq savings account.

    About Mashreq

    Mashreq Bank is a private sector bank established in 1967. It was started by Al-Ghurair Group and it also known as largest private sector bank. Mashreq Bank provides both retail and commercial services to their customers.

    Mashreq provides a wide range of products and services that suits the needs of every customer. It works with an aim to provide their customers best banking experience and establish a good customer bank relationship. Mashreq Bank has marked its presence globally by starting their operations at regions like Bahrain, Egypt, Kuwait, Qatar. It also has branches in New York, Mumbai(India), London and Honk Kong.

       Get in touch with Mashreq Bank Customer Care

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