Mashreq Sweep Current Account

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I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

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Mashreq Bank

Sweep Current Account

Interest Rate

0.25%

Min Balance to Maintain

AED 3K

Minimum Salary

AED 5K

Relationship Manager

Yes

Mashreq
interest rate

0.25%

Interest Rate

min balance

AED 3K

Min Balance to Maintain

min salary

AED 5K

Minimum Salary

relationship manager

Yes

Relationship Manager

View details on bank page

Features

  • Only UAE Residents with a valid resident visa are eligible
  • Monthly income of AED 5000 is required
  • A minimum balance of AED 3000 should be maintained
  • Provides interest on the balance maintained

Main Benefits

  • Can get an interest of 0.25% per annum
  • Get a free chequebook and debit card
  • Can get 6 free manned transactions every month
  • No charges on the ATM withdrawals at any Mashreq ATMs worldwide
  • Can withdraw money anytime from the bank or ATM on additionals charges

Frequently Asked Questions

⭐ What is the minimum balance required to get the interest rates?

A. To get the interest rate on the sweep current account you need to maintain a minimum balance of AED 50,000.

⭐ Is it mandatory to maintain a minimum balance in the account?

A. Yes, a minimum balance of AED 3000 should be maintained.

⭐ Are Non-Residents eligible to open Mashreq Sweep Current account?

A. No, only UAE Residents are eligible to open Mashreq Sweep Current account.

⭐ What are the charges on withdrawing money from other bank ATMs?

A. AED 2 is charged per transaction on withdrawals at other bank ATMs in UAE.

⭐ Can I use my debit card outside UAE?

A. Yes, you can use your Mashreq Visa Debit Card anywhere in the world.

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

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