Basic Savings Account

The Basic Savings Account from Mashreq gives you the freedom to conduct your banking transactions at no cost, while earning a return on your deposit. A nominal account maintenance fee of AED 25 is charged only if your minimum monthly balance falls below AED 3000.

Key Features

  • Initial balance of AED 3,000
  • Minimum Balance requirement of AED 3,000
  • AED 25 fall-below fee per month, only if above minimum balance is not maintained
  • Up to 6 free manned transactions every month
  • Interest rate of 0.25% p. a. credited every 6 months


  • Quick & easy processing
  • Instant VISA Debit card issuance*
  • Flexibility to use your money any time through Debit Card
  • Withdraw cash at more than 1.8 million ATM's in over 200 countries with ease
  • Make purchases at more than 24 million retail outlets worldwide
  • Free online banking access
  • Free mobile banking access
  • Free tele-banking services
(*at select branches)


  • Minimum monthly Income of AED 5,000
  • UAE residence visa holders
  • Non-residents on a visit or transit visa


  • Application form
  • Valid Passport with residence visa page for Expatriates/Emirates I.D.
  • In case of non-residents, a 2 month bank statement from country of residence

»Basic Savings Account FAQs View

»Terms & Conditions View

Mashreq Salaam Rewards

Easily earn points for all retail banking solutions such as Current & Saving Accounts, Fixed and Unfixed Deposits, Home/Car Loans, Insurance, Investments, ROD/SOD and Mashreq Millionaire certificates and also on Mashreq Credit and Debit cards