Having a Savings Account at Mashreq Bank is very good because it comes with a lot of benefits. You see in Dubai, there is a large selection of banks, several of which have branches, and banking over there is very cool.
Check out the List of Banks in Dubai and their classifications
You must abide by the bank’s policies in order to create a bank account in Dubai.
Depending on the kind of account you want to create (corporate, current, or savings), each bank has different criteria. Click here to see all the accounts that you can open at Mashreq Bank.
To see all the bank’s branches go to this page Mashreq Bank Branches or you can just check out Credit Cards offered by Mashreq Bank.
If you want details on How to Open a Mashreq Bank Account Online and to know more about their accounts check out the Types of accounts offered by Mashreq Bank.
But in this article, we are going to look at how you can easily open a Savings Account at Mashreq Bank.
It’s crucial that you carefully follow these instructions in order to prevent issues. The requirements for creating savings accounts in Dubai are listed in this article.
Why you should create a Savings Account at Mashreq Bank
- As soon as you open a savings account, you may access it at any time using the online banking interface, an ATM, or a nearby banking facility.
- You can get interest on your balance by making a deposit into a savings account. With this, your money can increase gradually over time thanks to Mashreq Bank’s reasonable interest rates.
- Mashreq Bank’s savings accounts facilitate efficient and ambitious savings for a variety of purposes, including emergency funds, dream vacations, and down payments for homes.
- Another benefit is that your savings account to cover overdraft fees or low-transaction expenditures.
For these reasons, you are very sure of what to expect when you finally open the account.
If you using an Android device it is best you check out the How to Download and Register for the Mashreq Bank mobile banking app on Android but if you are using an iPhone you can check out How to Download and Register for the Mashreq Bank mobile banking app on iPhone.
Documents Needed to Open a Savings Account at Mashreq Bank
To open a bank account you need to have these documents at hand.
- Valid original passport
- Valid residency visa (for UAE residents)
- Valid Emirates ID (for UAE residents)
- Proof of income
- You must be over 18 years old
- Proof of UAE residence
Now that you have seen the documents that are required to open a bank account, we should look at the process involved in creating the Savings Account.
If you love banking from the convenience of your home then you should see how you can register for internet banking.
To open a savings account, click here, but if it is a current account, check it out here; if it is an Islamic bank account you want to see how to create an Islamic Bank Account.
Procedure to Open a Savings Account at Mashreq Bank
There are two ways to open a savings account at Mashreq Bank. You can do that by visiting the bank branch or registering online.
By visiting the bank branch
- Step 1: You should visit the bank branch with the required documents
- Step 2: Speak to the customer service rep about your intent to open a savings bank account
- Step 3: The customer service rep will assist you in filling out the forms and also answer all the questions you may have about opening a Savings Account.
- Step 4: You will be given an account number and all the relevant particulars about your account.
If you have any questions, then use the information on this page Mashreq Bank Contact Details to contact the bank.
By registering online
- Step 1: Go to the bank’s website via the URL https://www.mashreq.com/en/uae/neo/
- Step 2: Click on the header and head to Accounts and Click on Savings Account
- Step 3: From there select the type of Savings account you want to create
- Step 4: Then Click on the Apply Now button
- Step 5: Now a new Form will below the page appear asking you to input your personal details
- Step 6: Fill the Form
- Step 7: Click Next till you complete the process