Since 1967, Mashreq Bank has been a leader in UAE banking under the Central Bank’s regulations. It is known for its creative ideas and wide international presence. The bank serves people in the Middle East, Europe, Asia, and the U.S., providing both traditional and online banking services.

Mashreq Bank focuses on keeping its customers happy by offering excellent banking solutions. Its commitment to quality has earned it a strong reputation in the banking industry.

For entrepreneurs setting up a company or planning to open a corporate account in the UAE, RIZ & MONA Consultancy acts as a trusted partner, helping you handle licensing, documentation, and bank account opening so you can focus on growing your business.

Steps to Open a Bank Account with Mashreq

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Check Eligibility

  • Ensure you are 18 years or older (teen accounts need parental consent).
  • Confirm UAE residency or have a valid Emirates ID if required for your chosen account.
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Prepare Required Documents

  • Gather your Emirates ID or passport for identity verification.
  • Collect proof of address, like a utility bill or rental agreement.
  • Check if additional documents are needed for specific accounts (e.g., NRI accounts).
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Choose Your Account Opening Method

  • For Digital Accounts: Download the Mashreq Neo App, fill in your details, and submit to open your account instantly.
  • For Traditional Accounts: Visit the nearest Mashreq branch to complete the process in person.
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Get Support If Needed

  • Contact Mashreq’s 24/7 support via phone, email, or live chat for help.
  • For select accounts, connect with a dedicated relationship manager for personalized assistance.

Start Your Business Journey with Our Professional Support!

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Why Choose Mashreq Bank Over Other Banks?

Full Digital Banking

Exclusive Rewards

Tailored Accounts

Global Corporate Services

AI-Driven Insights

24/7 Customer Support

Required Documents for Mashreq Bank Account

  • 1. Emirates ID: Required for UAE residents
  • 2. Passport: Valid passport with UAE residence visa for expatriates
  • 3. Proof of Address: Recent utility bill or tenancy contract
  • 4. Bank Statement: Shows current address
  • 5. Salary Certificate: Provided by your employer
  • 6. Payslips: Recent salary slips
  • 7. Salary Bank Statements: Reflects salary credits
  • 8. Trade License: For opening business accounts
  • 9. MOA and AOA: Required for company accounts
  • 10. Board Resolution: Authorizes account opening for corporate accounts

Types of Accounts Offered by Mashreq Bank

Current Accounts

Mashreq Current Account – Includes a Visa debit card, online banking, and global ATM access.
NEO Current Account – Digital account with instant access, cashback rewards, and global usage.

Savings Accounts

Easy Saver: Up to 2.40% interest, no minimum balance.

NEO Savings: 0.15% interest, free debit card, no fees.

NEO Plus Savings: 4.5% interest for AED 35,000–300,000 balances.

Dream Saver: 1% interest for goal-based savings.

Money Multiplier: Up to 3% interest based on balance and spending.

Specialized Accounts

NEO NXT Account – For teens aged 12–18, with a welcome bonus or gifts from Amazon, VOX, and more.
NEO NRI Account – Designed for Non-Resident Indians, allowing seamless transactions between the UAE and India.

Salient Features of Mashreq Neo Accounts

Instant Account Opening

Open accounts quickly via the Mashreq app without visiting a branch.

Transfers and Bill Payments

Transfer funds locally or internationally, and pay bills instantly.

Digital Wallet Integration

Compatible with Apple Pay, Google Pay, and Samsung Pay for ease.

Cardless Cash Withdrawals

Withdraw cash from ATMs without a physical card.

Biometric Security

Stay protected with biometric login and real-time fraud monitoring.

24/7 Support

Receive assistance anytime through chat and personal managers.

Rizmona Consultancy 15 Years Experience

Mashreq Bank Account Opening Consultants in Dubai

How Riz & Mona Consultancy Can Help?

Riz & Mona Consultancy is renowned as one of the top business setup consultants in Dubai, with over 15 years of experience facilitating a wide range of businesses throughout the UAE. Our deep connections with government officials and key authorities, combined with our extensive expertise in consultancy, streamline the process of establishing your business in Dubai. Additionally, we offer comprehensive financial, legal, and corporate services to support our clients throughout their business endeavors.

We are here to provide comprehensive support for your Mashreq Bank Account Opening in Dubai, from preparing your documents to completing the process. Connect with us now to begin your journey with a FREE consultation!

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FAQS (Frequently Asked Questions)

How can I talk to Mashreq customer care?

You can contact Mashreq customer care within the UAE by calling 04 424 4444 or from outside the UAE at +971 4 424 4444.

Can I open a zero-balance account in Mashreq Bank?

Yes, Mashreq offers accounts like the NEO Salary Account, which requires no minimum balance if you transfer your salary to the account.

What is the minimum salary to open a Mashreq account?

The minimum salary requirement varies; for the NEO Salary Account, it’s AED 5,000.

What is the minimum balance for a Mashreq account?

For the NEO Current Account, maintaining a monthly average balance of AED 3,000 or transferring a minimum salary of AED 5,000 waives the minimum balance requirement.

Does Mashreq have a zero-balance account?

Yes, Mashreq offers zero-balance accounts like the NEO Salary Account, provided you transfer your salary to the account.

Why choose Mashreq UAE for mobile banking?

Mashreq’s mobile banking offers instant account opening, comprehensive account management, seamless transfers, digital wallet integration, and advanced security features.