Last Updated on 07 September 2021

Credit Bureau Consent, Welcome Offer & General Terms & Conditions

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 Basic Savings Account

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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