Everything You Need to Know About Mashreq Bank

Everything You Need to Know About Mashreq Bank

Mashreq Bank

For every visitor and business alike in the UAE, Banks play an important role in managing their finances. Mashreq Bank is one of the leading financial institutions which offers an extensive range of banking solutions. It was established in 1967 and provides exceptional banking experiences through advanced technology. Moreover, the dedication of Mashreq Bank to customer satisfaction and top-class services sets it apart from other banks in the UAE. In this detailed blog, we will discuss services, account opening, and the branches of Mashreq Bank.

Services Offered by Mashreq Bank

Account Type

Minimum Initial Deposit

Monthly Maintenance Fee

Interest Rate

ATM Withdrawal Fees

Other Benefits

Savings Account

AED 3,000

AED 25 (waived if balance > AED 3,000)

1.5% p.a.

Free at Mashreq ATMs

Free online banking, SMS alerts

Current Account

AED 5,000

AED 25 (waived if balance > AED 5,000)

0%

Free at Mashreq ATMs

Cheque book, debit card, online banking

Mashreq Millionaire

AED 1,000

AED 10

0%

Free at Mashreq ATMs

Monthly raffle draw for cash prizes

Fixed Deposit Account

AED 10,000

None

Up to 3% p.a.

Not applicable

Flexible tenure options, higher returns

Mashreq Neo Account

None

None

1.5% p.a.

Free at Mashreq ATMs

Digital-only account, no branch visits

Personal Banking Services

Mashreq Bank offers you an extensive range of savings/current accounts with competitive interest rates. In this reputable bank, customers can avail the option of top services like Personal loans and home loans. Moreover, you can also experience services like mutual funds and insurance products for financial growth.

Digital Banking

In the UAE, if you choose Mashreq Bank then you can 24/7 access your account and financial services. Moreover, the bank also allows you to manage your cash with their easy-to-use mobile app in this country.

Business Banking Services

Mashreq Bank allows its customers to experience accounts to support business growth and international trade management. Moreover, in this leading institution, you can also avail of the option of services like cash Management and Corporate Banking.

Must Read : How to Easily Check Your FAB Bank Balance Online!

Branches of Mashreq Bank in the UAE

City

Branch Name

Services

Contact No

Operating Hours

Dubai

Deira Branch

Accounts, Loans, ATM

+971 4 424 4444

Mon-Fri: 8:00 AM - 3:00 PM

Abu Dhabi

Khalifa Street Branch

Wealth, Cards, ATM

+971 2 635 5000

Mon-Fri: 8:00 AM - 3:00 PM

Sharjah

Al Qasba Branch

Personal, Corporate, ATM

+971 6 569 4411

Mon-Fri: 8:00 AM - 3:00 PM

Ajman

Sheikh Khalifa Branch

Savings, Business, ATM

+971 6 747 4343

Mon-Fri: 8:00 AM - 3:00 PM

Ras Al Khaimah

Al Nakheel Branch

Investments, Finance, ATM

+971 7 227 9666

Mon-Fri: 8:00 AM - 3:00 PM

Fujairah

Hamad Bin Abdullah Branch

Loans, Accounts, ATM

+971 9 223 3388

Mon-Fri: 8:00 AM - 3:00 PM

Al Ain

Al Ain Main Branch

Personal, Wealth, ATM

+971 3 764 3344

Mon-Fri: 8:00 AM - 3:00 PM

Umm Al Quwain

King Faisal Road Branch

Deposits, Loans, ATM

+971 6 765 5444

Mon-Fri: 8:00 AM - 3:00 PM

In the UAE, Mashreq Bank offers an extensive branch network to provide various banking services to its customers. These branches are strategically located in major cities and ensure reliable banking experiences in this bustling country. Mashreq Bank allows you to open accounts, finances management, and other needs of banking.

How to Create an Account with Mashreq Bank

Method

Fee

Time to Complete

Additional Information

Online Account Opening

No fee

10-15 minutes

Available 24/7; ideal for those who prefer digital convenience.

In-Branch Account Opening

No fee

30-60 minutes

Provides personalized service; good for those who need guidance.

Mobile App Account Opening

No fee

10-15 minutes

Convenient for on-the-go users; app-based access.

Call Center Assistance

Standard call charges apply

Varies

Useful for initial inquiries; follow-up through another method may be required.

In-Branch Account Opening

If you are looking to create an account with Mashreq Bank then visit their any branch in the UAE. Furthermore, this method is without the need for the internet and face-to-face interaction.

Visit a Branch: For account opening, you have to find the nearest Mashreq Bank branch to start the process. Moreover, you can use their locator tool on the Mashreq Bank's official website

Prepare Your Documents: Always remember to bring all required documents like Emirates ID, Passport, and Proof of address. It is important for non-UAE nationals to bring their residency visa.

Meet a Bank Representative: Now you have to speak with the representative, I am willing to create an account in  Mashreq Bank.

Complete Application Form: The next step is to take the form and fill it out carefully.

Submit Documents: Now you have to provide all required documents to the representative 

Verification: The representative of the bank makes a verification process of your documents and processes your application.

Account Activation: At last, the bank will notify you when your account is activated and ready for use after approval. Moreover, after receiving a message remember to collect your relevant banking materials like a cheque book or debit card.

Must Read : How to Open a FAB Bank Account Online: Easy Steps

Tips for Maximizing Your Experience with Mashreq Bank

Leverage Digital Banking

Always remember to prefer the Mobile app and online banking, as it allows you to manage your finances from anywhere.

Monitor Account Fees

Always remember to review your account statement as it is beneficial to stay informed about associated fees and avoid unexpected charges.

Stay Updated on Promotions

It is vital to check Mashreq’s promotional offers on loans and credit cards as it is helpful for extra rewards.