Complete list of Mashreq Service Charges for the Personal section
Services Charges
Current Account
| Current Account | Current Gold | |
|---|---|---|
| Initial Deposit | AED 3,000 | AUM * |
| Monthly Minimum Balance requirement | AED 3,000 | AUM* |
| Fall below fee | 25 per month | N/A |
| No of free transactions - other than ATM & Online | 6 per month | Unlimited |
| Additional transaction fee | AED 10 | N/A |
* Maintain a monthly average relationship balance of AED 300,000 in deposits or investments, or a mortgage loan relationship balance of AED 1,500,000 or more. T&C apply
Savings Accounts
| Savings Account | Easy Saver | |
|---|---|---|
| Initial Deposit | AED 3,000 | AED 500 |
| Monthly Minimum Balance requirement | AED 3,000 | N/A |
| Fall below fee | 25 per month | N/A |
| No of free transactions - other than ATM & Online | 6 per month | Unlimited online transactions |
| Additional transaction fee | AED 10 | N/A |
Bank Statements
| All Other Accounts | MashreqGold | |
|---|---|---|
| Regular Statement | Free Quarterly | Free Monthly |
| Additional Statement | AED 25 | Free |
Term Deposits
| Fixed Deposits | Un-fixed Deposits | |
|---|---|---|
| Minimum Amount | AED 10,000 | AED 10,000 |
| Maximum Amount | No limit | No limit |
| Tenor | 7 days to 5 years | 6 months to 5 years |
| Premature Withdrawal Rate | Rate of actual tenor, less 2% | Rate of actual tenor, less 2% |
| Partial Withdrawal | Not allowed | Allowed in units of AED 1,000 & USD 250 |
| Overdraft Against Fixed Deposit | 2.5% above deposit rate | 2.5% above deposit rate |
MashreqMillionaire
| Issuance Fee | AED 35 / waived for Mashreq Gold Customers |
| Pre-enchashment Fee within 90 days of issuance | 2.5% (AED 25 per certificate) |
Investments*
| Subscription / Redemption | Front end and/or back end fees, if any, on our capital guaranteed/non-capital guaranteed funds are variable and subject to the investment vehicle and/or type |
| Borrowing against Investment | Interest charges for borrowing against investments are subject to market conditions and depend on the customer’s banking relationship with us |
* For terms and conditions, please refer to product-offer document.
Credit Cards
Click to view the detailed Service Charges for Credit Cards
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Loans & OverDrafts
| Loans | Personal Loans | Home Loans | Car Loans |
|---|---|---|---|
| Rate of Interest | Interest Rates linked to Mashreq Prime Rate (MPR) * » Learn More | ||
| Processing Fee | 1% of the loan amount | 1% of loan amount | 1% of the loan amount |
| Minimum | AED 500 | AED 500 | |
| Maximum | AED 2500 | Subject to offer | AED 2500 |
| Life Insurance Charges | 1.25% of the loan amount | Subject to offer | N/A |
| Loan top up fee | 1% of the top up amount | Subject to offer | N/A |
| Minimum | AED 500 | N/A | |
| Maximum | AED 2500 | N/A | |
| Postponement Fee | AED 100 per postponement | N/A | AED 100 per postponement |
| Late Payment Fee | 2% of the delayed amount | Subject to offer | 2% of the delayed amount |
| Minimum | AED 50 | AED 50 | |
| Maximum | AED 200 | AED 200 | |
| Early Settlement Fee | |||
| Through other Banks | 1% from remaining balance | Subject to the offer with a max of 3% of the outstanding amount | 1% from remaining balance |
| For repeat Loan | 1% from remaining balance | Subject to offer | N/A |
| Through own Sources | 1% from remaining balance | Subject to the offer with a max of 1% of the outstanding amount | 1% from remaining balance |
| Re-validation Fee | N/A | AED 500 | N/A |
| Property Evaluation Fee | N/A | AED 2500 | N/A |
| Pre-approval Charges | N/A | AED 1000 | N/A |
| Temporary/Permanent Release / Clearance Letter | N/A | N/A | Nil |
| Liability Letter addressed to other Bank | AED 100 | AED 500 | AED 100 |
| Change of Number Plate | N/A | N/A | NIL (security deposit of AED 200 for individuals & AED 500 for companies) |
| Change of due date on standing instruction | Nil | Nil | AED 25 |
| Change of PDC / Recovery Account | Nil | N/A | Nil |
| Loan rescheduling fee | AED 250 | N/A | AED 250 |
| Loan cancelation fee | AED 100 | N/A | AED 100 |
| Other certificate | Nil | N/A | Nil |
IPO Financing
| Subscription / Interest Rates | The charges applicable are subject to market conditions and may change without prior notice |
| Leverage Multiples | Mashreq offers up to five multiples for IPO Financing |
Cheques
| All other Account holders | Mashreq Gold | ||
|---|---|---|---|
| Additional Cheque book request (First Cheque book complimentary) | AED 1 per leaf | Free | |
| Local Cheque Clearing - Normal | Free | Free | |
| Special Clearing | AED 100 | AED 100 | |
| Foreign Currency Cheque collection | AED 50* | AED 50* | |
| Stop payment (per instrument/cheque) | AED 50 | AED 50 | |
| Cheque returned - Drawn on own account | AED 100 | AED 100 | |
| PDC custodial service | AED 5 per cheque | AED 5 per cheque | |
| Request for copy of Old Cheques/ Documents | < = 1 year | AED 10 | AED 10 |
| > 1 year | AED 20 | AED 20 | |
*Plus Clearing/ Drawee bank charges and courier charges, if any.
Remittance
| All other Account holders | Mashreq Gold | ||
|---|---|---|---|
| Drafts / PO | |||
| Issuance | Branch | AED 30 | AED 30 |
| Electronic* | AED 20 | AED 20 | |
| Cancellation | AED 50 | AED 50 | |
| Wire Transfer | |||
| Outward | Branch( International Transfers ) | AED 75** | AED 55** |
| Branch( Domestic Transfers in AED) | AED 25** | AED 25** | |
| Electronic* | AED 25** | AED 25** | |
| Recall of TT Funds/ TT Return/ Investigation of TT Status | AED 50 | AED 50 | |
| SWIFT copy charges | AED 25 | AED 25 | |
| Inward Remittance (AED or Foreign Currency) | Free | Free | |
*Transactions originating from Online and Mobile Banking
**Plus beneficiary bank and intermediary bank charges
Standing Instruction Order
| All other Account holders | Mashreq Gold | ||
|---|---|---|---|
| Set-up/ Amendment Charges | AED 50 | AED 50 | |
| Account to Account Transfer (within Mashreq UAE) | Free | Free | |
| SI not effected due to insufficient funds | AED 25 | AED 25 | |
| Fund transfer through DD or PO or Wire Transfer | Please refer to "Remittance Charges" section | ||
Bill Payment
| All other Account holders | Mashreq Gold | ||
|---|---|---|---|
| Utility (DEWA, SEWA, ADDC), Phone (Etisalat, DU) and Salik | Branch | Not Available | Not Available |
| Electronic* | Free | Free | |
* Transactions originating from Online, Mobile Banking, SMS Banking and ATM
Debit Card
| All other Account holders | Mashreq Gold/Private Banking* | ||
|---|---|---|---|
| Debit Card (initial) | Free | Free | |
| Supplementary | AED 25 | Free | |
| Debit Card Replacement Charge | AED 25 | Free | |
| Debit Card Currency Conversion Fee | ~ 2.00% | ~ 2.00% | |
| Cash Withdrawal | Mashreq ATM's (in UAE) | Free | Free |
| Other banks ATM (in UAE) | AED 2.00 | Free | |
| Other banks ATM (in GCC) | AED 6.00 | Free | |
| Other banks ATM (Internationally) | AED 20.00 | Free | |
| Balance Inquiry transactions | Mashreq ATM's (in UAE) | Free | Free |
| Other banks ATM (in UAE) | AED 1.00 | AED 1.00 | |
| Other banks ATM (in GCC) | AED 3.00 | AED 3.00 | |
| Other banks ATM (Internationally) | AED 3.00 | AED 3.00 | |
| Declined transactions | Mashreq ATM's (in UAE) | Free | Free |
| Other banks ATM (in UAE) | AED 1.00 | AED 1.00 | |
| Other banks ATM (in GCC) | AED 3.00 | AED 3.00 | |
| Other banks ATM (Internationally) | AED 3.00 | AED 3.00 | |
| Retrieval of sales slip | AED 25 | AED 25 | |
| PIN Mailer replacement/ re-issue fee | AED 25** | Free | |
*Applicable only to Mashreq Gold & Private Banking Platinum Debit card members
** Waived for PIN generation through PIN PAD machine in branch
Mashreqonline/Mashreq Mobile Banking - Retail
| All other Account holders | Mashreq Gold | ||
|---|---|---|---|
| Access and Usage Fee | Free | Free | |
| Bill Payment Fee | Free | Free | |
| Enquiries and Online Statements Fee* | Free | Free | |
| Mobile Alerts Fee | Free | Free | |
The Bank may at any time at its sole discretion and determination replace, change, amend or supplement any of the charges herein mentioned.
Mashreq Prime Rate (MPR)
The Mashreq Prime Rate is a reference rate for Retail lending products.
| AED MPR | 6.25% per annum | |
| USD MPR | 0.82% per annum | |
| GBP MPR | 0.84% per annum | |
| EURO MPR | 0.38% per annum |
Click here to view the Frequently Asked Questions about MPR