Mashreq
Neo Biz

UAE based company with trade license
Upto AED 30million per year
Atleast  one UAE resident signatory
100% individual shareholders

Lite Account

• No minimum balance
• AED 200 monthly maintenance fee**
• 2 months free trial account**
• 10 free* fund transfer per month

**Monthly maintenance charges will be applied & then reversed on the 2nd of the subsequent month

Charges

• Monthly Maintenance Fee : AED 200Cheque book: 1st book free and 1AED per leaf from second book onwards
• Account Closure Fee: AED100 if less than 6 months else waived.
• Local remmitance/transfers in AED:  9 free monthly transactions  and AED 2 afterwards
• International or local transfers in foreign currency: 1 free per month and AED 20 afterwards
• Cash withdrawals Non Mashreq ATM:  10 free and AED 2 thereafter
• Cash withdrawals Non Mashreq ATM within GCC:  AED 6 per transaction
• Cash withdrawals outside GCC:  AED 20 per transaction
• Bank Teller Charges ( Cash/Cheque/Fundstransfer): 2% of transaction or AED 200 whichever is higher.
• Balance Confirmation letter : AED 100
• WPS payroll to Mashreq Account/ Other bank account:  AED 5 per record with minimum of AED 100
• NON WPS payroll to Mashreq Account:  Waived
• NON WPS payroll to Other bank account:  AED 10 per record with minimum of AED 50
  
  

Trader Pro Account

• No minimum balance
• AED 200 monthly maintenance fee**
• 2 months free trial account**
• 10 free* fund transfer per month

**Monthly maintenance charges will be applied & then reversed on the 2nd of the subsequent month

Charges

• Monthly Maintenance Fee : AED 200Cheque book: 1st book free and 1AED per leaf from second book onwards
• Account Closure Fee: AED100 if less than 6 months else waived.
• Local remmitance/transfers in AED:  9 free monthly transactions  and AED 2 afterwards
• International or local transfers in foreign currency: 1 free per month and AED 20 afterwards
• Cash withdrawals Non Mashreq ATM:  10 free and AED 2 thereafter
• Cash withdrawals Non Mashreq ATM within GCC:  AED 6 per transaction
• Cash withdrawals outside GCC:  AED 20 per transaction
• Bank Teller Charges ( Cash/Cheque/Fundstransfer): 2% of transaction or AED 200 whichever is higher.
• Balance Confirmation letter : AED 100
• WPS payroll to Mashreq Account/ Other bank account:  AED 5 per record with minimum of AED 100
• NON WPS payroll to Mashreq Account:  Waived
• NON WPS payroll to Other bank account:  AED 10 per record with minimum of AED 50
  
  

Prime Account

• AED 50,000 monthly average balance
• Fall below fee AED 100
  11 free* fund transfer per month
  
  Charges
• Monthly Maintenance Fee : AED 200Cheque book: 1st book free and 1AED per leaf from second book onwards
• Account Closure Fee: AED500 if less than 6 months else waived.
• Local remmitance/transfers in AED:  11 free monthly transactions  and AED 2 afterwards
• International or local transfers in foreign currency: 1 free per month and AED 50 afterwards
• Cash withdrawals Non Mashreq ATM:  10 free and AED 2 thereafter
• Cash withdrawals Non Mashreq ATM within GCC:  AED 6 per transaction
• Cash withdrawals outside GCC:  AED 20 per transaction
• Bank Teller Charges ( Cash/Cheque/Fundstransfer): 2% of transaction or AED 200 whichever is higher.
• Balance Confirmation letter : AED 100
• WPS payroll to Mashreq Account/ Other bank account:  AED 5 per record with minimum of AED 100
• NON WPS payroll to Mashreq Account:  Waived
• NON WPS payroll to Other bank account:  AED 10 per record with minimum of AED 50
  
  Pls refer to the Mashreq Neo Biz Schedule of charges for the latest updates prior to signing up.