Mashreq Basic Savings Account

Last Updated on 09 June 2020

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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

Mashreq
min balance

AED 3K

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

min salary

AED 5K

Minimum Salary

relationship manager

Yes

Relationship Manager

View details on bank page

Features

  • Both Residents and Non-Residents are eligible
  • A minimum salary of AED 5000 is required
  • A minimum amount of AED 3000 should be deposited and maintained
  • Get an interest of 0.25%(for 6 months) on the account balance

Main 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

Frequently Asked Questions

⭐ What are the documents required for the Non-Residents?

A. Visit Visa and passport are the mandatory documents for Non-Residents.

⭐ What are the charges on using the debit card outside UAE?

A. AED 20 is charged per transaction on using the debit card outside UAE.

⭐ Can I get my account balance details for free at the ATMs?

A. For balance enquiry AED 1-3 (depends on the location) is charged.

⭐ Is it mandatory to have a passport to open the account?

A. Yes, a valid passport is the mandatory document to open Mashreq Basic Savings account.

⭐ Do I get notified on my transactions?

A. Yes, you get SMS alerts on every transaction done from your account.

⭐ Who is eligible to open Mashreq Basic Savings Account?

  • UAE residents
  • Non-UAE residents
  • Minimum monthly income AED 5,000 salaried person
  • ⭐ What is the initial balance required for opening a Mashreq Basic Savings account?

    A. Initial deposit AED 3,000 is required for opening the Mashreq Basic Savings account.

    ⭐ What is the minimum balance required to maintain a Mashreq Basic Savings account?

    A. AED 3,000 is the minimum balance required to be maintained in the Mashreq Basic Savings account.

    ⭐ What are the fall below charges if I don’t maintain the minimum balance of this account?

    A. AED 25 is fall below fee charged if you don’t maintain the minimum balance.

    ⭐ Do we get any debit card on Mashreq Basic Savings account?

    A. Yes. We can get a debit card with this account.

    ⭐ What is the interest rate we get on this account?

    A. 0.25% p.a. Interest rate is credited to your account on half-yearly basis.

    ⭐ How can we access Mashreq Basic Savings Account?

    A. You can access this account through its free online, mobile & tele banking services.

    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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