Mashreq Bank

Last Updated on 14 May 2020

About the Bank

Mashreqbank PSC is the oldest private-owned bank in the United Arab Emirates. Mashreqbank PSC is the largest private-owned bank in the United Arab Emirates. In 1967, it was founded as Oman Bank, the first bank to issue debit and credit cards and was the first bank to make consumer loans. Mashreq was also the first UAE bank to install ATM Money Dispensers.

Mashreq has a total of 42 branches & 393 ATMs’ in UAE. It has strong retail and corporate banking presences in Egypt, Qatar, Kuwait and Bahrain throughout the Gulf of Persia. Mashreq has 12 overseas offices in nine countries, including Europe, the United States, Asia, and Africa.

Banking Products & Services

Mashreq Bank UAE offers a wide range of banking products & services like Credit Cards, Bank Accounts, Personal Loans, Business Loans, etc. Explore all the Mashreq Bank Products and Services here:

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Online banking

Mashreq Bank Online Banking Registration

Once you’ve opened your bank account with Mashreq, you can proceed for self-registration for internet banking. Before registering, keep the Debit/ Credit card number and registered mobile number

Steps to register for Mashreq Bank Internet banking

  1. Visit Mashreq bank website (https://www.mashreqbank.com/)
  2. On the homepage, click on Online banking and select Mashreq online
  3. It will redirect you to the login page, click on “Sign up”
  4. Choose one of option OTP or TIN to begin the registration process
  5. It will redirect you to the online banking registration page
  6. Enter your  debit/ credit card and CVV
  7. Enter your date of birth and click on generate authorization code
  8. Follow the further steps and create the User ID and password to complete the process
  9. Confirm your registration by login

Mashreq Online Banking Login

Using Mashreq internet banking you can easily operate your bank account from anywhere with just a few clicks. Before logging to internet banking, keep the User ID and password.

Steps to log in to Internet Banking

  1. Visit Mashreq bank website (https://www.mashreqbank.com/)
  2. On the homepage, click on Online banking and select Mashreq online
  3. It will redirect you to the login page
  4. Enter the User ID and password
  5. You’ve logged into your account, now you can access the online banking features.

Mashreq Online Banking Reset password 

Mashreq Internet banking provides a lot of banking services online to its customers anytime, anywhere. In case you forgot the password you can quickly reset it online. Before resetting the password, keep the Debit/ Credit card number and registered mobile number.

Steps to change or reset the net banking password

  1. Visit Mashreq bank website (https://www.mashreqbank.com/)
  2. On the homepage, click on Online banking and select Mashreq online
  3. It will redirect you to the login page, click on “forgot password”
  4. Choose one of option OTP or PIN to begin resetting the password
  5. Enter your debit/ credit card and CVV
  6. Enter your date of birth and click on generate authorization code
  7. Follow the further steps and reset your Password
  8. Kudos!! Your password can be reset now and you can log in using the new password.

Note: Don’t share your passwords, PINs with anyone

Popular Products & Services

Mashreq Bank provides different types of financial products in the UAE and other regions. The flagship products include Credit Cards, Loans, Bank Accounts, etc. Here are the popular financial products:

Bank Accounts:
Various types of bank accounts serve unique needs. It’s wise to put money into the best account, and use the right tools to spend and save, depending on your goals. Mashreq Bank provides different Bank Accounts according to your requirements like Savings Account, Current Account, Mashreq SME Account, Deposit Accounts, etc.

Loans & Mortgages:
Mashreq Bank provides attractive loan options for expatriates and UAE nationals. There are different Loans available at Mashreq Bank like Personal Loan, Home Loans, etc.

Credit Cards:
 Mashreq Bank UAE offers various credit cards for different purposes to suit everyone’s needs. There are different types of Credit cards available like Mashreq SmartSaver Credit Card, Mashreq Platinum Elite Credit Card, Mashreq SmartSaver Global Credit Card, etc.

Credit Card Offers

Mashreq UAE offers various discounts, deals, and promotions on shopping, dining, travel, hotels, entertainment, education, health, and wellness, etc.

Awards & Achievements

Year Award Name Award By
2018 Best Digital Bank in the ME Euromoney ME Awards
2018 Best Retail Bank in the ME Banker ME – Industry Awards
2018 Best Premium Credit Card Solitaire – Banker ME – Product Awards
2018 The Best Bank in the UAE EMEA Finance
2018 Most Innovative Islamic Banking Solutions Provider UAE Global Banking & Finance Review

Customer Support

The bank provides customer support 24/7 to its customers. You can get in touch with the bank via call or email on +9714 424 4444 and [email protected].

Mashreq Products

Basic Savings Account

Basic Savings Account
Min Balance to Maintain 3K Monthly Fee 0
Annual Fee 0 Minimum Salary 5K
Relatinship Manager Yes
Easy Saver Account
Min Balance to Maintain 0 Monthly Fee 0
Annual Fee 0 Minimum Salary 5K
Relatinship Manager Yes
Max Saver Account
Min Balance to Maintain 0 Monthly Fee 0
Annual Fee 0 Minimum Salary 5K
Relatinship Manager Yes

Credit Card Provided by Mashreq

Solitaire Credit Card
ProfitRate 3.45% Fx Rate 2.79%
Minimum Salary AED 25K Annual Fee AED 1.575K
Balance Transfer Yes Cashback No
Advantages ✓ Up to 30% off on dining ✓ Free valet parking ✓ Free golf privileges
Novo Credit Card
ProfitRate 3.45% Fx Rate 2.79%
Minimum Salary AED 5K Annual Fee AED 300
Balance Transfer No Cashback No
Advantages ✓ High discounts on movie tickets ✓ Free access to airport lounges ✓ Free multi-trip travel insurance
SmartSaver Global Credit Card
ProfitRate 3.45% Fx Rate 2.79%
Minimum Salary AED 30K Annual Fee AED 750
Balance Transfer Yes Cashback Yes
Advantages ✓ Up to 10% cashback ✓ Up to 20% OFF on Careem rides ✓ Up to AED 750 annual cash bonus
SmartSaver Credit Card
ProfitRate 3.45% Minimum Salary AED 10K
Annual Fee AED 0 Balance Transfer Yes
Cashback Yes
Advantages ✓ 8% cashback on groceries, etc. ✓ 0.5-1% cashback on every dirham spent ✓ Free travel insurance
Platinum Elite Credit Card
ProfitRate 3.45% Minimum Salary AED 10K
Annual Fee AED 650 Balance Transfer Yes
Cashback No
Advantages ✓ 3 Salaam points on every 1 AED ✓ Free airport pickup & drop facility ✓ Up to 50% OFF on Entertainment & Leisure
Portrait Credit Card
ProfitRate 3.45% Fx Rate 2.79%
Minimum Salary AED 7K Annual Fee AED 682
Balance Transfer Yes Cashback No
Advantages ✓ 3 Salaam points on every 1 AED ✓ Free access to Fitness First clubs ✓ Free airport lounges access
sMiles Credit Card
ProfitRate 3.45% Minimum Salary AED 5K
Annual Fee AED 300 Balance Transfer Yes
Cashback No
Advantages ✓ Up to 30% OFF on dining bills ✓ 1.5 sMiles on every 1 AED spent ✓ Free travel protection
Corporate Credit Card
ProfitRate 3.25% Minimum Salary 2.3%
Annual Fee AED 0 Balance Transfer No
Advantages ✓ No annual fees are charged ✓ Up to 30% off on dining ✓ Free travel insurance

Personal Loan Provided by Mashreq

Personal loan for Expats
Flat Rate 3.57% Minimum Salary AED 7K
Reducing Rate 6.49% Max Loan Amount AED 1000K
Early Settlement Fee 1% Arrangement Fee 1%
Advantages ✓ Flexible tenure ✓ Quick processing ✓ High finance
Personal loan for UAE Nationals
Flat Rate 3.3% Minimum Salary AED 10K
Reducing Rate 5.99% Max Loan Amount AED 3000K
Early Settlement Fee 1% Arrangement Fee 1%
Advantages ✓ High loan amount ✓ Simple documentation ✓ Can avail top-up facility
Emirati Personal loan for Pensioners
Flat Rate 3.57% Minimum Salary AED 10K
Reducing Rate 6.49% Max Loan Amount AED 1000K
Early Settlement Fee 1% Arrangement Fee 1%
Personal loan for New to UAE/New to Employer
Flat Rate 3.57% Minimum Salary AED 7K
Reducing Rate 6.49% Max Loan Amount AED 150K
Early Settlement Fee 1% Arrangement Fee 1%

Current Account Provided by Mashreq

Current Account
Min Balance to Maintain AED 3K Monthly Fee AED 0
Minimum Salary AED 5K Relationship Manager Yes
Sweep Current Account
InterestRate 0.25% Min Balance to Maintain AED 3K
Minimum Salary AED 5K Relationship Manager Yes
Neo Current Account
Min Balance to Maintain AED 0 Monthly Fee AED 0
Minimum Salary AED 5K
Happiness Account
Min Balance to Maintain AED 0 Monthly Fee AED 0
Annual Fee AED 0 Minimum Salary AED 10K

Deposit Account Provided by Mashreq

Fixed Deposit Account
Min Balance to Maintain AED 10K Relationship Manager Yes

SME Account Provided by Mashreq

Business Value Plus Account
Min Balance to Maintain AED 25K Monthly Fee AED 400
Relationship Manager Yes
Business Premium Account
Min Balance to Maintain AED 150K Monthly Fee AED 400
Relationship Manager Yes
Business Platinum Speed X Account
Min Balance to Maintain AED 350K Relationship Manager Yes
NeoBiz
Min Balance to Maintain AED 0 Monthly Fee AED 200
Local Transfer Cost AED 0 International Transfer Cost AED 0

Frequently Asked Questions

Frequently Asked Questions

Frequently Asked Questions

GENERAL
⭐ Are there any charges for MashreqPay?

No. MashreqPay is provided for free.

⭐ Can I transfer funds to other countries through Mashreq Mobile?

Yes. You can transfer funds to anywhere in the world using Mashreq Mobile.

⭐ What are the charges levied to transfer funds to India?

Mashreq mobile users can transfer funds to India on no charges and competitive conversion rates.

⭐ Can I get the details of all my Mashreq accounts on Mashreq Mobile?

Yes. Mashreq mobile gives the details of all your accounts at Mashreq bank.

⭐ Where is Mashreq Bank headquarters?

The Mashreq Bank headquarter is located in Dubai, United Arab Emirates

⭐ How to contact Mashreq Bank Customer Care?

The Mashreq bank provides customer support 24/7 to its customers. You can get in touch with the bank via call or email on +9714 424 4444 and [email protected]

⭐ What is the Mashreq Bank swift code?

The Mashreq Bank Swift code (8 characters)- BOMLAEAD

⭐ what is Mashreq bank cif number

The “Customer Information file” number is to identify the customer information assigned to each customer. You can find your cif no. on Bank statement.

⭐ Mashreq Bank branches in UAE?

To find the branches of Mashreq Bank in UAE you can visit Mashreq Customer care page.

⭐ Where is Mashreq bank located in the UAE?

The Mashreq bank is located in 45 locations in UAE. You can visit Mashreq Customer care page to find locations of Mashreq bank branches and other information.

⭐ What is Mashreq direct?

Mashreq Personal direct banking is 24×7, 365 days of banking with Mashreq. You can call on anytime on personal direct banking no. +971 4 4244444 and they will assist you.

⭐ How to login to Mashreq bank online banking?

Visit Mashreq Bank website and Click on online banking to login into Mashreq Bank. Check our online banking section for assistance on Mashreq Bank online banking section.

ACCOUNTS
⭐ Does Mashreq offer any zero balance account?

Yes. Mashreq Easy Saver account is a Zero Balance account.

⭐ How can I open the Mashreq Bank account?

You can open the Mashreq Bank in following ways-

  • You can Instantly open Mashreq Instant E-account by visiting the Official website of Mashreq Bank
  • Download the Mashreq UAE mobile app and you can Instantly apply for an Mashreq account
  • Visiting the nearest Mashreq Bank branch

⭐ How to close the Mashreq Bank account?

You can visit the nearest Mashreq Bank branch and submit the request to close the account or you can call the customer care executive of the bank to close the account.

⭐ How to open Mashreq bank account online?

Visit the Mashreq bank website > click on the digital banking option at left sidebar> select Instant- account to open Mashreq bank account online

⭐ Does Mashreq bank offer a business account?

Visit the Mashreq bank website > Click on business tab form above bar> Select business accounts > You can access Mashreq business banking .

⭐ What are the benefits provided on a Mashreq bank gold account?

The Current gold account offered by the Mashreq bank offer great offers and benefits but to open Mashreq Current gold account you need to ensure that you meet any of below criteria –

  • Monthly salary transfer of AED 50,000 or above
  • Maintain an average balance of AED 300,000 and above in any of the Current Accounts,Savings Accounts, Fixed Deposits or Investments
  • Have a minimum home loan of AED 2.5 Million

⭐ What is Mashreq’s bank happiness account?

The Mashreq Bank Happiness Account is a campaign designed for a set of individual customers identified by Mashreq based on equal basis.

⭐ How do I create a Mashreq Online Banking account?

Visit the Mashreq bank website > click on online banking> select Mashreq online > click on sign up to create Mashreq online banking . For more information you can check our Mashreq online banking section

⭐ How to login to Mashreq bank online banking?

Visit Mashreq Bank website and Click on online banking to login into Mashreq Bank. Check our online banking section for assistance on Mashreq Bank online banking section.

LOANS
⭐ Can I get Mashreq Bank personal loan details ?

Mashreq Bank personal loan helps in meeting the major financial needs. Both expatriates and UAE nationals can apply for the loan.

  • The Interest rate on the personal loan for UAE Nationals is 5.99%-12.99% p.a (Reducing Interest Rate)
  • The Interest rate on the personal loan for UAE Expats is 6.49%- 31.99% p.a(Reducing Interest Rate)

To get the complete detail about Mashreq personal loan you can visit Mashreq personal Loan page

⭐ Are Non-residents of UAE eligible for Mashreq bank home loan?

Yes. Non-residents can apply for Mashreq bank Home Loan.

CARDS
⭐ how to apply for Mashreq bank credit card

Visit the official website of Mashreq Bank > Click on cards option present at the life sidebar > You can apply for the credit card you want. To compare credit cards you can visit our credit card offers page.

OTHERS
⭐ How many days can I use multi-trip travel insurance?

Multi-trip insurance can be used for 90 days

⭐ Can foreign citizens buy shares in Mashreqbank?

Yes, Mashreq bank has a foreign ownership limit of 49 percent.

⭐ What is Mashreq Neo?

Mashreq Neo is the bank of a brilliant new world. A Mashreq-powered digital bank that exists entirely on your phone. With all the banking services you could need in the palm of your hand, you’re never going to have to step into a branch again!

⭐ How to get Mashreq bank iban number

Visit Mashreq Bank website IBAN Generator page Click on “Get your IBAN” -> Enter your Mashreq account number -> Click on Generate IBAN.

Frequently Asked Questions

Frequently Asked Questions

Frequently Asked Questions

GENERAL
⭐ Are there any charges for MashreqPay?

No. MashreqPay is provided for free.

⭐ Can I transfer funds to other countries through Mashreq Mobile?

Yes. You can transfer funds to anywhere in the world using Mashreq Mobile.

⭐ What are the charges levied to transfer funds to India?

Mashreq mobile users can transfer funds to India on no charges and competitive conversion rates.

⭐ Can I get the details of all my Mashreq accounts on Mashreq Mobile?

Yes. Mashreq mobile gives the details of all your accounts at Mashreq bank.

⭐ Where is Mashreq Bank headquarters?

The Mashreq Bank headquarter is located in Dubai, United Arab Emirates

⭐ How to contact Mashreq Bank Customer Care?

The Mashreq bank provides customer support 24/7 to its customers. You can get in touch with the bank via call or email on +9714 424 4444 and [email protected]

⭐ What is the Mashreq Bank swift code?

The Mashreq Bank Swift code (8 characters)- BOMLAEAD

⭐ what is Mashreq bank cif number

The “Customer Information file” number is to identify the customer information assigned to each customer. You can find your cif no. on Bank statement.

⭐ Mashreq Bank branches in UAE?

To find the branches of Mashreq Bank in UAE you can visit Mashreq Customer care page.

⭐ Where is Mashreq bank located in the UAE?

The Mashreq bank is located in 45 locations in UAE. You can visit Mashreq Customer care page to find locations of Mashreq bank branches and other information.

⭐ What is Mashreq direct?

Mashreq Personal direct banking is 24×7, 365 days of banking with Mashreq. You can call on anytime on personal direct banking no. +971 4 4244444 and they will assist you.

⭐ How to login to Mashreq bank online banking?

Visit Mashreq Bank website and Click on online banking to login into Mashreq Bank. Check our online banking section for assistance on Mashreq Bank online banking section.

ACCOUNTS
⭐ Does Mashreq offer any zero balance account?

Yes. Mashreq Easy Saver account is a Zero Balance account.

⭐ How can I open the Mashreq Bank account?

You can open the Mashreq Bank in following ways-

  • You can Instantly open Mashreq Instant E-account by visiting the Official website of Mashreq Bank
  • Download the Mashreq UAE mobile app and you can Instantly apply for an Mashreq account
  • Visiting the nearest Mashreq Bank branch

⭐ How to close the Mashreq Bank account?

You can visit the nearest Mashreq Bank branch and submit the request to close the account or you can call the customer care executive of the bank to close the account.

⭐ How to open Mashreq bank account online?

Visit the Mashreq bank website > click on the digital banking option at left sidebar> select Instant- account to open Mashreq bank account online

⭐ Does Mashreq bank offer a business account?

Visit the Mashreq bank website > Click on business tab form above bar> Select business accounts > You can access Mashreq business banking .

⭐ What are the benefits provided on a Mashreq bank gold account?

The Current gold account offered by the Mashreq bank offer great offers and benefits but to open Mashreq Current gold account you need to ensure that you meet any of below criteria –

  • Monthly salary transfer of AED 50,000 or above
  • Maintain an average balance of AED 300,000 and above in any of the Current Accounts,Savings Accounts, Fixed Deposits or Investments
  • Have a minimum home loan of AED 2.5 Million

⭐ What is Mashreq’s bank happiness account?

The Mashreq Bank Happiness Account is a campaign designed for a set of individual customers identified by Mashreq based on equal basis.

⭐ How do I create a Mashreq Online Banking account?

Visit the Mashreq bank website > click on online banking> select Mashreq online > click on sign up to create Mashreq online banking . For more information you can check our Mashreq online banking section

⭐ How to login to Mashreq bank online banking?

Visit Mashreq Bank website and Click on online banking to login into Mashreq Bank. Check our online banking section for assistance on Mashreq Bank online banking section.

LOANS
⭐ Can I get Mashreq Bank personal loan details ?

Mashreq Bank personal loan helps in meeting the major financial needs. Both expatriates and UAE nationals can apply for the loan.

  • The Interest rate on the personal loan for UAE Nationals is 5.99%-12.99% p.a (Reducing Interest Rate)
  • The Interest rate on the personal loan for UAE Expats is 6.49%- 31.99% p.a(Reducing Interest Rate)

To get the complete detail about Mashreq personal loan you can visit Mashreq personal Loan page

⭐ Are Non-residents of UAE eligible for Mashreq bank home loan?

Yes. Non-residents can apply for Mashreq bank Home Loan.

CARDS
⭐ how to apply for Mashreq bank credit card

Visit the official website of Mashreq Bank > Click on cards option present at the life sidebar > You can apply for the credit card you want. To compare credit cards you can visit our credit card offers page.

OTHERS
⭐ How many days can I use multi-trip travel insurance?

Multi-trip insurance can be used for 90 days

⭐ Can foreign citizens buy shares in Mashreqbank?

Yes, Mashreq bank has a foreign ownership limit of 49 percent.

⭐ What is Mashreq Neo?

Mashreq Neo is the bank of a brilliant new world. A Mashreq-powered digital bank that exists entirely on your phone. With all the banking services you could need in the palm of your hand, you’re never going to have to step into a branch again!

⭐ How to get Mashreq bank iban number

Visit Mashreq Bank website IBAN Generator page Click on “Get your IBAN” -> Enter your Mashreq account number -> Click on Generate IBAN.

Latest Updates About Mashreq

Instant Bank Account Opening With The Region’s First KYC Blockchain Platform. – 01 March 2020

With the help of Mashreq and Dubai International Financial Centre (DIFC) Blockchain data-sharing platform, business banking customers can open digital bank accounts easily and instantly.

Mashreq Becomes First Bank In The UAE To Launch A Complete Digital Banking Proposal For Small and Medium-sized Enterprises – 24 September 2019

Mashreq announced the launch of NeoBiz, the first digital banking proposal in the UAE to provide personalized and tailored digital services for SMEs, including start-ups and young businesses in the country. NeoBiz offers a comfortable and contemporary business platform under the motto “Built for Business.”