Mashreq Neo Bank Accounts
MASHREQ Bank

Top Bank Accounts

Mashreq Neo Saving

Mashreq Neo Saving

Mashreq Neo Bank Accounts

MINIMUM SALARY

AED 0

MINIMUM BALANCE

AED 3000

MINIMUM DEPOSIT

AED 3000

  • Credit Card
  • Debit Card
  • Mobile Banking App
  • Special Currency Transfer Rate
  • Free platinum debit card
  • Fast & easy remittances to 30+ countries
  • Apply for a Gold Investment Account for free
  • Get travel, dining and lifestyle benefits
  • Earn interest of 0.15% per annum

Transaction Charges in UAE

ATM 0

Non-Bank ATM 0

Transaction Charges Abroad

ATM0

Non-Bank ATM0

Interest/Return

0.00 %

Minimum Balance

AED 3000

Minimum Deposit

AED 3000

Monthly Min Balance Fee

AED 25

Features

  • 0.15% p.a. (for AED currency only)
  • Monthly average balance of AED 3,000 required
  • AED 25 + VAT per month (In case minimum balance requirement or required debit card spends is not achieved)
  • Does not need employment or a salary transfer
  • Minimum age requriement is 18 years
  • Utility Bill Payments (DEWA, SEWA, ADDC, Etisalat, DU and SALIK
  • Non Mashreq Credit Card Payment will be charged AED 10
  • AED 1 for domestic transfers
Mashreq Neo Salary

Mashreq Neo Salary

Mashreq Neo Bank Accounts

MINIMUM SALARY

AED 5000

MINIMUM BALANCE

AED 3000

MINIMUM DEPOSIT

AED 3000

  • Cheque Book
  • Credit Card
  • Debit Card
  • Mobile Banking App
  • Special Currency Transfer Rate
  • Upto AED 2500 cashback on salary transfer
  • Earn Salaam points on your debit card spend
  • Zero Account Maintenance fee with salary transfer
  • Fast and Easy remittance
  • First check book free

Transaction Charges in UAE

ATM 0

Non-Bank ATM 0

Transaction Charges Abroad

ATM0

Non-Bank ATM0

Interest/Return

0.00 %

Minimum Balance

AED 3000

Minimum Deposit

AED 3000

Monthly Min Balance Fee

AED 10

Features

  • Earn upto AED 2500 cashback with salary transfer as joining offer
  • AED 350 Early Bird Cashback (Cashback on Debiit card, Quick Remit, Insurance etc. transactions done within first 90 days
  • Monthly average balance of AED 3,000 or Debit card spends of AED 1,000 per month 
  • Minimum income of AED 5000 onlyAccess to global stock exchanges
  • Fast & easy remittances
  • Free first cheque book, 1AED per leaf from second check book onwards
  • Enjoy 1% p.a interest through MaxSaver
  • Invest in gold and foreign currencies

Joining Offers

AED 350 Early Bird Cashback (Cashback on Debiit card, Quick Remit, Insurance etc. transactions done within first 90 days

MASHREQ Neo Smart

MASHREQ Neo Smart

Mashreq Neo Bank Accounts

MINIMUM SALARY

AED 5000

MINIMUM BALANCE

AED 3000

MINIMUM DEPOSIT

AED 0

  • Cheque Book
  • Credit Card
  • Debit Card
  • Mobile Banking App
  • Special Currency Transfer Rate
  • Send money instantly to 30+ countries
  • International transfers to India and Pakistan free
  • Earn upto AED 2500 cashback on salary transfer
  • Earn 1.1% on deposit
  • With Mashreqpay earn 5% cashback

Transaction Charges in UAE

ATM 0

Non-Bank ATM 2

Transaction Charges Abroad

ATM20

Non-Bank ATM20

Interest/Return

1.10 %

Minimum Balance

AED 3000

Minimum Deposit

AED 0

Monthly Min Balance Fee

AED 25

Features

Quick Remit:
Free transfers to India, Pakistan, instant transfer and 24/7 available

Instant loan:
Designed as an exclusive benefit for customers who use Neo as their Salary account. Mashreq Neo customers can now fast track their wish list with Neo Instant loans. To find your eligibility , Click on the menu button and then the loans button, post you log in to your Neo app.

Mashreq Millionaire:
Purchase Mashreq Millionaire Certificates to participate in our monthly and quarterly lucky draws. Each certificate is valued at only AED 1,000. The more you purchase, the better your chances of qualifying for all prizes, including the grand prize of AED 1,000,000!

Pay Bills
Etisalat, Du, DEWA, SEWA, Salik, school fees, international mobile connections and 100 other partners. Let us know and we will handle everything for you. No extra cost.

Joining Offers

Early Bird Cashback Offer for AED 350.
AED 35 - Purchase 3 Mashreq Millionaires Certificates +
AED 65 - Debit Card Spends AED 3000 +
AED 75 - Quick Remit of AED 3000 +
AED 75 - Motor Insurance AED 100 - Term Life or Critical Insurance Plan

RAKBANK RAK Salary Transfer account

RAKBANK RAK Salary Transfer account

RAKBANK

MINIMUM SALARY

AED 5000

MINIMUM BALANCE

AED 0

MINIMUM DEPOSIT

AED 0

  • Cheque Book
  • Debit Card
  • Internet Banking
  • Current account with no minimum balance requirement
  • One cheque book free / month
  • Free Debit Card

Transaction Charges in UAE

ATM 0

Non-Bank ATM 0

Transaction Charges Abroad

ATM0

Non-Bank ATM0

Interest/Return

0.00 %

Minimum Balance

AED 0

Minimum Deposit

AED 0

Monthly Min Balance Fee

AED 0

Features

  • Current account with no minimum balance requirement
  • One cheque book free / month
  • FREE Debit Card, which gives you 24/7 global access through any Mastercard ATM
  • Free for life Credit Card based on eligibility
  • Unlimited free domestic remittances through Digital Banking
  • One free swift international remittance per month through Digital Banking. RAKMoneyTransfer is excluded
  • Up to 3* Free Non-RAKBANK ATM Cash withdrawals per month
  • Number of Free Non-RAKBANK ATM cash withdrawals will be as per below segments.
MASHREQ Business First account

MASHREQ Business First account

MASHREQ Bank

MINIMUM SALARY

AED 0

MINIMUM BALANCE

AED 50000

MINIMUM DEPOSIT

AED 0

  • Cheque Book
  • Debit Card
  • Dedicated Relationship Manager
  • Internet Banking
  • Mobile Banking App
  • Dedicated Relationship Manager, FX & Trade Specialists
  • Free Business Cheque Books

Transaction Charges in UAE

ATM 0

Non-Bank ATM 2

Transaction Charges Abroad

ATM2

Non-Bank ATM20

Interest/Return

0.00 %

Minimum Balance

AED 50000

Minimum Deposit

AED 0

Monthly Min Balance Fee

AED 400

Features

  • Dedicated Relationship Manager, FX & Trade Specialists
  • Free Business Cheque Books (if requested online), Free Business Debit card & host of privileges
  • Dedicated Online & Mobile Business Banking platform for Business entities
  • Access to World currency Markets through the FX & rate service desk
  • An investment platform, offering an extensive array of customized products
  • Secured Business Loan against collateral in form of Term loan or mix of term loan and overdraft at competitive interest rates
  • Trade finance/Working capital credit facilities with unique services like Trade doc, Pre check & Doc Prep etc.
ADIB Savings account

ADIB Savings account

Abu Dhabi Islamic Bank (ADIB)

MINIMUM SALARY

AED 0

MINIMUM BALANCE

AED 3000

MINIMUM DEPOSIT

AED 0

  • Debit Card
  • Internet Banking
  • Mobile Banking App
  • Free ADIB Visa Electron Debit Card​
  • Expected Quarterly Profits

Transaction Charges in UAE

ATM 0

Non-Bank ATM 2

Transaction Charges Abroad

ATM2

Non-Bank ATM20

Interest/Return

0.51 %

Minimum Balance

AED 3000

Minimum Deposit

AED 0

Monthly Min Balance Fee

AED 25

Features

  • Free Unlimited Teller Transactions At Over 80 Branches Across The UAE
  • Free ADIB Visa Electron Debit Card
  • Expected Quarterly Profits
  • ADIB Mobile Banking App
  • 24 Hour Banking Services
  • Account Statements, Free e-Statements
  • ADIB WebSecure
  • Choice of Currency.
ADIB Current account

ADIB Current account

Abu Dhabi Islamic Bank (ADIB)

MINIMUM SALARY

AED 0

MINIMUM BALANCE

AED 3000

MINIMUM DEPOSIT

AED 0

  • Cheque Book
  • Debit Card
  • Internet Banking
  • Mobile Banking App
  • Free Unlimited Teller Transactions
  • Free ADIB Visa Electron Debit Card

Transaction Charges in UAE

ATM 0

Non-Bank ATM 2

Transaction Charges Abroad

ATM2

Non-Bank ATM20

Interest/Return

0.00 %

Minimum Balance

AED 3000

Minimum Deposit

AED 0

Monthly Min Balance Fee

AED 25

Features

  • Free Unlimited Teller Transactions At Over 80 Branches Across The UAE
  • Free ADIB Visa Electron Debit Card, cheque book, ADIB Mobile Banking App, Instant Overdraft Facility,Standing Instructions
  • 24 hour banking services
  • Account statements, free e-statements
  • Adib web secure, choice of currency.
ADIB Business One account

ADIB Business One account

Abu Dhabi Islamic Bank (ADIB)

MINIMUM SALARY

AED 0

MINIMUM BALANCE

AED 5000

MINIMUM DEPOSIT

AED 0

  • Cheque Book
  • Debit Card
  • Internet Banking
  • Mobile Banking App
  • Up to 5 monthly free teller transactions
  • ADIB Business Classic Chequebooks

Transaction Charges in UAE

ATM 0

Non-Bank ATM 2

Transaction Charges Abroad

ATM2

Non-Bank ATM20

Interest/Return

0.00 %

Minimum Balance

AED 5000

Minimum Deposit

AED 0

Monthly Min Balance Fee

AED 25

Features

  • Up to 5 monthly free teller transactions
  • Business Classic Debit Card
  • ADIB Business Classic Chequebooks
  • Open your account in select currencies
  • Bank on the go and enjoy telex transfers with ADIB Business internet Banking by competitive pricing.
ADCB Savings account

ADCB Savings account

Abu Dhabi Commercial Bank (ADCB)

MINIMUM SALARY

AED 5000

MINIMUM BALANCE

AED 0

MINIMUM DEPOSIT

AED 0

  • Debit Card
  • Internet Banking
  • Mobile Banking App
  • Available in AED and USD currencies
  • Free e-statements (within the statement cycle)

Transaction Charges in UAE

ATM 0

Non-Bank ATM 2

Transaction Charges Abroad

ATM2

Non-Bank ATM21

Interest/Return

0.20 %

Minimum Balance

AED 0

Minimum Deposit

AED 0

Monthly Min Balance Fee

AED 25

Features

  • Available for UAE residents and non-residents
  • Available in AED and USD currencies
  • Interest bearing account, with interest rate of 0.2% p.a. for AED and 1.0% p.a. for USD Savings accounts
  • Interest is accrued monthly on the minimum balance and is paid half-yearly on minimum monthly balance
  • Free e-statements (within the statement cycle)
  • Debit card available for AED Savings accounts only
ADCB Current account

ADCB Current account

Abu Dhabi Commercial Bank (ADCB)

MINIMUM SALARY

AED 5000

MINIMUM BALANCE

AED 0

MINIMUM DEPOSIT

AED 0

  • Cheque Book
  • Debit Card
  • Internet Banking
  • Mobile Banking App
  • Available in AED and other major currencies
  • Free cheque book (AED account only) and free e-statements

Transaction Charges in UAE

ATM 0

Non-Bank ATM 2

Transaction Charges Abroad

ATM2

Non-Bank ATM21

Interest/Return

0.00 %

Minimum Balance

AED 0

Minimum Deposit

AED 0

Monthly Min Balance Fee

AED 25

Features

  • Transfer your salary, move money, make payments, order a cheque book or pick up a new debit card with ease
  • Open to UAE residents only
  • Free cheque book (AED account only) and free e-statements (within the statement cycle)
  • Available in AED and other major currencies
  • Access to ADCB Personal Internet Banking and Mobile Banking

Top Banks

Abu Dhabi Commercial Bank (ADCB)
First Abu Dhabi Bank (FAB)
RAKBANK
CitiBank (CITI)
Emirates NBD Bank
Emirates Islamic Bank (EIB)
HSBC Bank
Abu Dhabi Islamic Bank (ADIB)
MASHREQ Bank
Commercial Bank International (CBI)
Commercial Bank of Dubai (CBD)
Noor Bank
United Arab Bank (UAB)
Standard Chartered Bank (SCB)
Al Masraf Bank
Mashreq Neo Bank Accounts

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FAQs

You can open an account in the UAE either by physically visiting a branch of the bank, filling in the required form and providing your documents or you can apply for and open a bank account online. The option to open a bank account online is not available with all banks but is offered by some of the leading banks in the UAE including Emirates NBD, Mashreq Bank and so on.
The main documents required to open a bank account in the UAE are the passport, visa, and Emirates ID. Both originals and copies are required. Depending on the type of account being opened other supporting documents may be required. For instance, to open an account to have your salary transferred a salary transfer letter from your employer may be required. To open a current account for your business you would need to provide trade license copies and other company related documents.
An inactive bank account can be reactivated by visiting the bank and providing the required documents to reactivate the account. These documents are usually the same documents required to open the account – passport and visa (originals and copies) and Emirates ID.
Many bank accounts always require the account holder to maintain a minimum balance in the account. In such bank accounts if the balance maintained in the account goes below the required minimum balance amount, then a fee is charged to the account holder. This fee is deducted from the available balance in the account at the time it is levied or the next time the funds are available in the account. To avoid these fees, it is always advisable to ensure the minimum balance level is always maintained in the account.
To close your bank account, you will need to visit a branch of your bank and fill in the required account closure forms. You would be required to withdraw or move out any available funds in the accounts prior to the account being closed.