Last Updated on 14 July 2022
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Mashreq Neo NXT Digital Account
Neo NXT Digital Account
Required Documents
- Teenagers should have a valid Emirates ID
- Residence Visa & Passport
- Any other document requested by the bank
Main Benefits
- You can open an account without any fee.
- You can avail a Free Debit Card.
- Can access it through the app.
- Can apply up to 5 Neo NXT accounts.
- There is no monthly fee on this account.
- There is no minimum balance required for this account.
- Only UAE residents can open Mashreq Neo Nxt Account.
Frequently Asked Questions
⭐ How to create an Mashreq Neo NXT account?
A. Parents can login to the app and create a new account in 5 minutes.
⭐ What can I get from this account?
A. Neo Nxt allows you to manage money independently. This is done with the visibility of parents on children expenses. The teen gets their own Neo Nxt Debit card and has access to Mashreq Neo app with login credentials. The user will have access to send money, request money through the app.
⭐ How can parents check and control the account?
A. Parents can login into the Mashreq Neo account or the Mobile app and they will be able to see details of the Neo Nxt account. With this parents will be able to set weekly allowance or monthly allowance. They can have control on teen accounts and view transactions. They can receive OTP for all transactions with this account under their control.
⭐ How to access my Neo Nxt account?
A. The user can access the account through the Neo app. In the application process the user should create login credentials. The teen can use their own credentials and access the account. This app is customized for Neo Nxt account holders which will provide tailored experience for the teens.
⭐ Is there any fee charged?
A. There is no fee charged to the Neo NXT account.
⭐ Are there any transaction regulations?
A. To ensure safety of the users the following are the transaction limits.
⭐ With which gadgets can I access the account?
⭐ Can I have Multiple accounts?
A. Parents can get up to five Neo Nxt accounts. The accounts can be viewed through Mashreq Neo or Mashreq mobile app.
⭐ Will the parent receive transaction alerts & OTPs?
A. The parent will receive all OTPs and transactional alerts. At the time of opening an account parent should provide their teen’s mobile number. The account will be guided through the parent to the teen.
⭐ Can a Non-Existing Mashreq customer open a Neo Nxt account?
A. Parents should have an account with Mashreq. The Mashreq customer are allowed to open account through the Mashreq Mobile and Mashreq Neo App.
⭐ How can a Non-Existing Mashreq customer open a Neo Nxt account?
A. If you are a non existing customer then you should have an account with Mashreq and you are allowed to open account through Mashreq Neo app.
⭐ What is the eligibility criteria form opening an Mashreq Neo NXT Account
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