Mashreq Neo

Mashreq
Neo

Minimum Balance AED 3000
Minimum Salary AED 5000
Minimum Deposit AED 0
Minimum Balance AED 3000
Minimum Salary AED 5000
Minimum Deposit AED 0

Top Reasons To Choose

  • 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

Your Fully Fledged Digital Bank. Offering two type of current accounts 1) Mashreq Neo Smart Account 2) Mashreq Neo Salary Account and one savings account

Reward/Deposit Features

Cashback on purchases:

With MashreqPay get 5% cashback on all your spends each month. Simply tap your smartphone on the POS terminal during checkout to make contactless, cashless & secure payments in a jiffy. This service works at all NFC enabled Terminals in UAE and abroad across all android devices.

•Register your Mashreq Credit or Debit Card on MashreqPay and make 1 transaction to get your Joining Bonus of AED 25 guaranteed cashback.
•You are eligible for a 2% cashback of up to AED 50 for the first 10 transactions and an additional 5% cashback of up to AED 50 for more than 10 transactions in a calendar month.
•Opt in for free coupons from your favorite stores. You will get the coupons for redemption once you reach the required spends.

Joining Offers

Treat yourself every month! Get up to AED 150* Welcome Bonus!

Step 1: Deposit AED 3,000 and get AED 25 Welcome Bonus!

Step 2: Spend AED 1,000 on Debit Card and get AED 25 Welcome Bonus. Every Single Month!*

Note: You need to maintain minimum balance of AED 3,000 each month to get Welcome Bonus.

Eligibility

Mashreq Neo Accounts would need to be applied through Mashreq Neo app.

  • Minimum age - 21 years
  • Salary accounts require minimum of AED 5000
  • UAE resident holder or UAE National

Documents Required

  • A valid Emirates ID
  • A valid Passport
  • Valid visa page for expatriates

 

Detailed Features

Neo smart account

Free for first 3 months
AED 10 per month(waived off,
1. if customer spends AED 1000 on Debit card) (or)
2. if customer maintains AED 3000 minimum balance)


AED 1000 will not include the below transactions -
Charitable and Social Service Organizations, Religious Organizations; Electric, Gas, Sanitary and Water Utilities; Court Costs, including Alimony and Child Support; Fines; Bail and Bond Payments; Tax payments; Government Services (Not Elsewhere Classified); Postal Services –Government Only; Intra – Government Transactions

Neo Salary account

Free for first 3 months. AED 10 per month (waived off is customer salary is received in the Neo account)

Key Benefits

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!

Cashback on purchases:

With MashreqPay get 5% cashback on all your spends each month. Simply tap your smartphone on the POS terminal during checkout to make contactless, cashless & secure payments in a jiffy. This service works at all NFC enabled Terminals in UAE and abroad across all android devices.

•Register your Mashreq Credit or Debit Card on MashreqPay and make 1 transaction to get your Joining Bonus of AED 25 guaranteed cashback.
•You are eligible for a 2% cashback of up to AED 50 for the first 10 transactions and an additional 5% cashback of up to AED 50 for more than 10 transactions in a calendar month.
•Opt in for free coupons from your favorite stores. You will get the coupons for redemption once you reach the required spends.

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.

Apply Now

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