Annual Fee Islamic Banking Minimum Balance Multiple Currencies
Mashreq Business Value Account Mashreq Business Value Account Annual Fee: AED 50 Islamic Banking: No Minimum Balance: AED 100,000 Multiple Currencies: No
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Mashreq Business Value Account Features:
  • Value-added transaction Account across multiple currencies with low minimum balance requirement and competitive fee structure
  • Free teller transactions
  • Visa Business Debit Card with a host of benefits
  • Access to our array of business financing products
  • Minimum Monthly balance - AED 10,000 or equivalent in other currencies
  • Relationship fees AED 50. If balance goes lower, AED 250 per month will be charged
  • Currency Types - AED, USD & Euro, GBP, CNY, JPY
  • Earn Salam Points on credit cards/debit cards
Additional Information:
  • Cheque Book - Initial 50 leafs is Waived, Additional Cheque Leaf is AED 1
  • Cash Handling Charges - AED cash transactions less than 1 Mil - NIL For AED 1 M or more 0.01% of cash value or AED 100 whichever is higher
  • Account Statement - Monthly / Quarterly Statements: Waived; Daily Statement : AED 100 p.m.; Weekly Statement : AED 50 p.m.; Statement by Fax : AED 100 weekly
  • Duplicate Account Statements - Last 3 months : Waived; 3-6 months-AED 50, 6-9 months AED 100, 9-12 months AED 150, >12 months AED 250
  • Daily charges upon account being overdrawn - AED 50
  • Account Closure Fee - Within 0-6 months AED 100, over 6 months Waived
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