Salary Transfer

Transfer salary & get up to AED 2,000

Earn Joining Bonus based on your transferred salary*

Monthly Salary Range Joining Bonus
(Online* accounts)
Joining Bonus
(Non-online* accounts)
AED 10,000-24,999 AED 500 AED 200
AED 25,000-49,999 AED 1,000 AED 500
AED 50,000 & above AED 2,000 AED 1,500
*Online accounts refer to accounts that are self-opened through Non-online accounts refer to rest of the accounts
2k gift

Bonus across 12 months

The Joining Bonus is based on your first salary and will be credited across 12 equal monthly payments. The bonus will be reversed if no salary is transferred for 2 consecutive months (within 12 months of first transfer).

Wish to transfer salary to your Happiness account?

Use the below format to reach out to your HR department to change your salary account

Dear HR, Please transfer my salary/payroll to Mashreq with immediate effect. The necessary account details are below: Account Holder Name:(Full name) Account Number: (Refer to Mashreq UAE app) Swift Code: BOMLAEAD Sorting code: 203320101 Thank you.

Still got questions?

You need to transfer a minimum monthly salary of at least AED 10,000 to earn Happiness Joining Bonus.
In case you are already a Happiness account customer, you can write to your HR to change your salary account by using the above email template.
With effect from 1st September 2021, the Joining Bonus will be paid by credits to the Happiness account in 12 equated monthly instalments over a period of 12 months (subject always to a valid salary transfer to the Happiness account of minimum AED 10,000 within the range given in the above table, during each of the 12 months post 1st salary transfer in Happiness account). Each monthly payout will occur within the next calendar month after each salary credit into the Happiness account.
A salary transfer will only be recognised by Mashreq if it is credited to the account by the Customer’s employer registered in UAE using the correct channel and method recognised by the Bank. A remittance, direct transfer, cash or cheque credit transaction by the Employer will not be considered as a salary transfer transaction and will lose the eligibility of any benefits defined under this offer. An erroneous salary transfer description could also result in the non-payment of the cash joining benefit
If the salary transferred is below AED 10,000 in a month, the customer will not be eligible for bonus in that month. However, in the subsequent months, when salary transferred is above AED 10,000, he/she will become eligible and will continue to receive salary bonus, based on the first salary calculation.
If your salary increases you cannot claim a different bonus value during that month. Joining bonus is calculated based on your first salary transfer.
'Mashreq Bank' is authorised to debit the Customer's account towards clawback of the Joining Bonus provided to him/her in case of any of the following reasons: An existing salary transfer account has been closed & a new Happiness Account has been opened OR Stoppage of monthly salary transfer to the Happiness Account for any 2 consecutive months within 12 months of the first salary transfer after opening of the Happiness Account.
If your existing Mashreq account was opened after April 2016, and if you start to transfer a minimum salary of AED 10,000, then you will be eligible for the Joining Bonus.
You have a maximum of 13 months from the first month of eligible salary transfer.

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