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| Minimum Balance Required | Currencies | Features | |
|---|---|---|---|
Mashreq Current Account
|
Minimum Balance: AED 3,000 | Currencies: AED | Features: Free Cheque Book |
The Mashreq current account, while providing a combination of convenience, flexibility, financial and non-financial benefits, ensures that you always have access to an account that caters to your needs, making it the best current account in UAE.
Features& Benefits:
- 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 tele-banking services
- Mashreq Salaam Rewards
- Free Cheque book (initial only)
- Up to 6 free manned transactions every month
- Regular statement free quarterly, additional Statement AED 25
- Minimum monthly income of AED 5,000
- Minimum balance - AED 3000
- Monthly fee - AED 25 fall-below fee per month, only if above minimum balance is not maintained
- Cheque book - free
- Valid Passport with residence visa page for Expatriates/Emirates ID
- UAE residence visa holders
- Must be aged 21 or above
- Minimum monthly income of AED 5,000
- UAE residence visa holders
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
