Mashreq NEO Current Account is a digital banking account that helps you manage your banking transactions easily and conveniently. This account is specially designed for those who want an easy, affordable and convenient banking experience.
Mashreq NEO Current Account is a digital-first banking account that helps you easily manage your money and improve your lifestyle. This account comes with a host of benefits, including: Easy account opening, No minimum balance requirement, Free debit card, Attractive cashback offers, Travel and lifestyle benefits, Digital banking facilities, 24/7 customer support Can.
In this post I will tell you the complete step by step process of opening Mashreq NEO Current Account. What documents are required to open the account? What are the eligibility criteria? Stay tuned till.
Mashreq NEO Current Account Overview
If you are thinking of opening Mashreq NEO Current Account or you want to open this savings account, then in the table given below we have given an overview of this account which will prove to be very important for you. The main information about Mashreq NEO Current Account is as follows.
| Feature | Description |
| Account Name | Mashreq NEO Current Account |
| Limited Time Offer | Get up to AED 5,000 |
| Minimum Salary | AED 5,000 |
| Age Requirement | 18 years old and above |
| Emirates ID Required | Yes |
| Cashback Offers | |
| Description | Amount |
| Salary Transfer Cashback | Up to AED 3,500 |
| Digital Wallet Transactions | Up to AED 200 (5% cashback) |
| Refer a Friend (Bonus) | Up to AED 1,000 (AED 200 x 5) |
| Send Money Abroad (Quick Remit) | Up to AED 300 (AED 3,000+ transfer) |
| Benefits | Description |
| Free Visa Debit Card | Easy access to funds |
| Worldwide Access (ATMs) | Over 200 countries, 1.8 million ATMs |
| Branchless Banking (Mobile App) | Digital-first banking experience |
| Extra Benefits (refer to Mashreq website) | Stock exchanges, remittances, etc. |
Eligibility Criteria
To open Mashreq bank NEO current account, you have to follow the following eligible conditions which are as follows:
- Age: Applicant must be at least 18 years of age.
- Residence: Applicant must be a resident of UAE.
- Minimum Monthly Income: Applicants must have a minimum monthly income of AED 5,000.
- Documents: Applicants must have a valid Emirates ID.
- Joint Account: You can open a joint account.
- Non-residents: Non-residents can also open an account, but they must meet additional minimum monthly income and documentation requirements.
- Students: Special accounts are available for students.
Please Note: If your monthly income is less than AED 5,000, you will not be eligible for the NEO Current Account. You can apply for the Mashreq NEO Current Account online or through the Mashreq Mobile App. No monthly fees with the account. Some transaction fees may apply.
Required Documents:
The list of documents required to open Mashreq NEO Current Account is as follows:
- Valid Emirates ID: This will be proof of identity and residence.
- Passport: This will be additional proof of identity.
- UAE mobile number: To open an account, it is also necessary for you to have a UAE mobile number, through which your details will be verified through OTP verification.
- Email ID: It is also important for you to have a personal email ID, on this you will get all the banking updates.
- Proof of Income: If you want to avail salary transfer cashback, you need to submit proof of your salary. This may include your pay slip or a letter from your employer.
- A selfie: To complete the online account process, you will also have to upload a selfie on the mobile application.
Please Note: To open mashreq neo current account online, you will need Emirates ID, passport, uae mobile number, an email ID and a selfie.
Benefits of Mashreq NEO Current Account:
1. save money
After opening Mashreq NEO Current Account, many types of benefits are available. The benefits available in this savings account are as follows:
- No minimum balance requirement: You are not required to maintain a minimum balance in your account, allowing you to save money.
- Free Debit Card: You get a free Visa debit card that you can use to make purchases and withdraw cash worldwide.
- Attractive cashback offers: You can get cashback on your salary, shopping and international money transfers.
2. Banking Facility:
In Mashreq NEO Current Account you get more than 50 banking facilities, some of the banking facilities are as follows;
- Easy account opening: You can open your NEO Current Account online or through Mashreq Mobile App in just 2 minutes.
- Digital Banking Features: You can easily manage your account using Mashreq Mobile App or Mashreq Online Banking.
- 24/7 Customer Support: You get 24/7 customer support for assistance at any time.
3. Additional Benefits:
In Mashreq NEO Current Account, you are given some other benefits which you can avail after opening this savings account. Other benefits are as follows:
- Travel and Lifestyle Benefits: You get access to various travel and lifestyle benefits including airport lounge access, hotel discounts and entertainment offers.
- Investing in Foreign Exchange and Gold: You can invest in foreign exchange and gold.
- Access to Global Stock Exchanges: You can get access to global stock exchanges.
- Fast & Easy Remittances: You can send money fast and easily to 40+ countries.
It is important to note that this is only a general list and benefits may vary depending on your individual circumstances. For the latest information, please visit the Mashreq NEO Current Account website or contact Mashreq customer service.
Step-by-step process to open Mashreq NEO Current Account
You can open Mashreq NEO Current Account through your smartphone in just 5 minutes. You do not even need to go to the branch to open this savings account. The below mentioned step by step process can be followed to open this savings account:
1. Visit the website:
Open your web browser and visit Mashreq bank website.
2. Start opening an account:
Once you visit the website, find and click a button like “Open Account” or “Get Started.”
3. Enter contact information:
Enter your mobile number, email address and the same email address again to confirm it. After this click on “Next” button.
4. Enter OTP:
A one-time password (OTP) will be sent to you on the mobile number you entered. Enter it in the field provided and click on “Next” button.
5. Capture Emirates ID:
Follow the instructions to take a clear photo of your Emirates ID. Make sure all information is clearly visible.
6. Enter personal information:
Enter your full name exactly as it appears on your passport. Next, take a selfie of yourself using the camera and accept the terms and conditions.
7. Fill Employment Details:
Enter your company name, designation, annual turnover and workplace address.
8. Select Account Type:
Select Mashreq NEO Current Account.
9. US Citizenship and Tax Information:
Indicate whether you are a US resident (if not, select “No”). Next, enter your country of birth and tax identification number (if applicable). Click on “Next” button.
10. Enter address details:
Enter details of your current residence, including building/villa name, area (landmark), country and work details. Click on “Next” button.
11. Create login credentials:
Create a user ID and password for your new account. Make these strong and easy to remember.
12. Congratulations! Your account has been opened:
Your Mashreq NEO Current Account is now opened and activated! You will see account details including your IBAN number and account number.
13. Log in:
Log in to your Mashreq NEO Current Account using your newly created user ID and password. You can now start managing your account and making transactions!
Note: In this way you can easily open your current account in Mashreq Bank through your smartphone sitting at home without going to the branch.
If you are facing any problem in opening this savings account, then you can watch this video and then you will be able to open your savings account easily.
Related Video : Mashreq Neo Currenet Opening
Mashreq NEO Current Account Customer Support
For any queries or issues related to Mashreq NEO Current Account, you can contact us through the following methods:
| Location | Contact Number | Website |
|---|---|---|
| Within UAE | 04 424 4444 | Contact Us |
| Outside UAE | +971 4 424 4444 | Contact Us |
Go to the contact page and select the appropriate department as per your preference. You can choose options related to “Customer Care” or “NEO Current Account”. From there, you can find a contact form or email address.
Mashreq NEO Current Account: Frequently Asked Questions (FAQs)
1. What is Mashreq NEO Current Account?
Mashreq NEO Current Account is a digital-first bank account that helps you easily manage your money and earn rewards.
2. Which Mashreq NEO Current Account am I for?
You are eligible for Mashreq NEO Current Account if you:
- Are 18 years of age or older
- Are residents of UAE
- You have a valid Emirates ID
- Minimum monthly income is AED 5,000 (if you want to avail salary transfer cashback)
3. What documents do I need to open Mashreq NEO Current Account?
You will usually need the following documents:
- Valid Emirates ID
- Passport
- Proof of Income (if you want to avail salary transfer cashback)
4. What are the benefits of Mashreq NEO Current Account?
Some of the benefits of Mashreq NEO Current Account include:
- No minimum balance requirement
- free visa debit card
- Cashback on salary transfers, digital wallet transactions and foreign money transfers
- Access to ATMs around the world
- Branchless Banking (Mobile App and Online Banking)
- Additional benefits (access to stock exchanges, remittances, etc.)
5. How much time does it take to open Mashreq NEO Current Account?
You can open your Mashreq NEO Current Account online or through Mashreq Mobile App in just 2 minutes.
6. Are there any fees associated with Mashreq NEO Current Account?
There are no monthly fees with Mashreq NEO Current Account. However, some transaction fees may apply. For the latest fee information, visit Mashreq Bank’s website.
7. How can I manage my Mashreq NEO Current Account?
You can easily manage your Mashreq NEO Current Account using the Mashreq Mobile App or Mashreq Online Banking.
8. What if I have forgotten my password?
If you forget your password, you can reset it using the “Forgot Password” option on the login page.
9. Can I deposit a check into my Mashreq NEO Current Account?
No, Mashreq NEO Current Account does not currently support check deposits.
10. Where can I get more information about Mashreq NEO Current Account?
You can get more information about Mashreq NEO Current Account on the Mashreq Bank website or by contacting customer service. See the Frequently Asked Questions (FAQ) section on the website, or click here for contact details.
11. Is Mashreq NEO Current Account secure?
Mashreq Bank uses advanced security measures to protect your money and personal information.
12. How can I open my Mashreq NEO Current Account?
You can open your Mashreq NEO Current Account online or through Mashreq Mobile App in just 2 minutes.
13. Is there any minimum balance requirement with Mashreq NEO Current Account?
No, there is no minimum balance requirement with Mashreq NEO Current Account.
Conclusion
Mashreq NEO Current Account is an attractive option for individuals looking for a convenient, affordable and rewarding banking experience. Opening an account is easy and can be done online in just 2 minutes. There is no minimum balance requirement, and you can get cashback on digital wallet transactions, salary transfers and foreign money transfers. Additionally, you get a free Visa debit card and access to millions of ATMs around the world.
Mashreq NEO Current Account is completely digital, so you don’t need to visit a branch. You can easily use Mashreq Mobile App to manage your account and conduct transactions. The bank also provides 24/7 customer support, so you can get assistance at any time.
If you are facing any kind of problem in opening this account, then you can comment below, you will get the reply within 2 hours.
