| Minimum Balance Required | Currencies | Features | |
|---|---|---|---|
Mashreq Bank - Sweep Current Account
|
Minimum Balance: AED 3,000 | Currencies: AED | Features: Free Cheque Book, Free Credit/Debit Card |
Introducing an ideal current account that lets you earn interest on unused funds without locking your money away for a fixed time period. With the new Sweep Current Account, funds above a certain level are automatically moved into an interest-bearing deposit; but should you need to, you can access these funds anytime without penalty.
Features:
- An interest-bearing current account
- Earn interest on unused funds without locking your money away
- Funds above certain threshold automatically earn interest
- No penalties when you need your money
- The account comes with a free Debit Card and first complimentary cheque book
- Access and withdraw funds anytime using any Mashreq channel ie Branch, ATM, MOL, mobile banking
- Initial balance of AED 3,000
- Minimum Balance requirement of AED 3,000
- AED 25 fall-below fee per month, only if above minimum balance is not maintained
- Up to 6 free manned transactions every month
- Quick & easy processing
- Instant VISA Debit card and cheque book issuance*
- Flexibility to use your money any time through Debit Card or Cheque
- Withdraw cash at more than 1.8 million ATM's in over 200 countries with ease
- Make purchases at more than 24 million retail outlets worldwide
- Free online banking access
- Free mobile banking access
- Free telebanking services
Required Documents:
- Valid Passport with residence visa page for Expatriates/Emirates ID.
Eligibility:
- Minimum monthly Income of AED 5,000
- UAE residence visa holders
- Must be aged 21 or above
