Mashreqbank - ITA Business Consultants

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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

6 610 AED

Open Account

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 50 000 (~USD 2 722)

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)

The incoming transfer fee is AED 75 (~USD 20)

Crediting, € (for the amount of € 50,000)

The outgoing transfer fee is AED 100 (~USD 27)

Account maintenance, € / year

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