Last Updated on 05 December 2025
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Mashreq Neo NXT Account
Neo NXT Account
Features
- Mashreq NEO NXT UAE offers the best children's bank account for ages 8-18 with zero fees, full parent controls, and AED 5,000 monthly debit limits.
- Parent must maintain existing active Mashreq customer account.
- Child eligibility covers ages 8 through 18 years with valid Emirates ID.
- Account activation occurs through parent's Mashreq Mobile App login.
- NEO NXT Debit Card issued mandatorily for transaction access.
- Monthly consolidated e-statements delivered to parent's registered email.
- Child contact details synchronized with parent's mobile, email, addresses.
- No teller or manned branch transactions permitted.
- Zero account maintenance fees apply universally.
- No minimum balance requirement or associated fees.
- No account closure charges incurred.
Required Documents
- Child's valid Emirates ID plus parent's active Mashreq account login credentials.
Main Benefits
- Children gain practical banking experience with spending, saving, goal-setting.
- Parents receive OTPs and real-time transaction notifications for oversight.
- Recurring weekly/monthly allowances scheduled easily from parent account.
- Children complete parent-set challenges to earn additional allowance.
- Parents customize debit card controls including merchant restrictions and limits.
- Cash deposits disabled while ATM withdrawals permitted within monthly limit.
- Separate child login credentials enable independent Mashreq Mobile App access.
- Single parent dashboard displays up to 5 NEO NXT accounts simultaneously.
Frequently Asked Questions
Q. Who qualifies for Mashreq NEO NXT Account?
A. Existing UAE-resident Mashreq parent customers with children aged 8-18 holding valid Emirates ID.
Q. What fees apply to Mashreq NEO NXT Account?
A. Zero maintenance fees with no minimum balance or fall below charges.
Q. Does Mashreq NEO NXT Account provide debit card?
A. Mandatory NEO NXT Visa Debit Card issued with AED 5,000 monthly transaction limits.
Q. How many NEO NXT accounts permitted per parent?
A. Maximum 5 accounts visible through single parent Mashreq Mobile App dashboard.
Q. What occurs when NEO NXT child reaches age 18?
A. Account receives temporary block; parent verifies fund sources for continuation or independent upgrade.
Q. NEO NXT access methods available?
A. Mashreq Mobile App exclusively (Android/iOS/Huawei); no online banking access.
Q. What transaction restrictions exist for NEO NXT?
A. AED 5,000 monthly limits apply to transfers, online/offline spending, and ATM withdrawals.
Q. Parent debit card controls for Mashreq NEO NXT?
A. App enables merchant restrictions, spending limit adjustments, and instant card blocking.
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 Customer Care