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Mashreqbank

Founded in 1967. One of the leading banks in the UAE with a growing presence in the region, including Egypt, Qatar, Kuwait and Bahrain. Twelve overseas offices in nine countries, including Europe, USA, Asia and Africa

https://www.mashreqbank.com/en/uae/personal

from 8 000 AED
General Information
Banking products
The bank offers a wide range of banking and financial services, including bank accounts for corporate and individual clients, private banking, asset management, investments, and loans
Account Types
Private; Corporate; Savings; Current
Minimal Requirements
Minimum balance, €
Minimum average monthly balance in the account is AED 500.000
Permissible number of transfers per month
There are no restrictions on the number of transactions
Efficiency of payment
The payments are executed same day
Tariffs
Transfer, € (for the amount of € 50 000)
5 any transactions per month are free of charge, each subsequent up to 20 transactions - AED 20, over 20 transactions - AED 40
Crediting, € (for the amount of € 50,000)
5 any transactions per month are free of charge, each subsequent up to 20 transactions - AED 20, over 20 transactions - AED 40
Account maintenance, € / year
The account maintenance fee is charged if the account drops below the minimum balance and is AED 250 (~ USD 68) per month
Account Opening
Requirements

For a personal account: proof of identity (passport); proof of address (not older than 3 months); Resident Visa; CV; bank reference letter + bank statements for the last 6 months.

For a corporate account: completed bank questionnaires for the company and owner; bank statements from the company account for the last 6 months (if the company is new, then bank statements from the owner’s other company account); copies of existing contracts with partners; office lease contract, cash flow chart, ownership structure chart, etc.

Departure to the bank
The beneficial owner must visit the country for account opening
Duration of application, months
1-2 months