News: Open account in Mashreq Bank
The cost of opening an account:
From 1990 USD
The cost of opening an account:
From 1990 USD
General information
Name
Mashreq Bank
Country
UAE
Official site
https://www.mashreqbank.com/uae/en
Faunded
1 967
History
Mashreq Bank is 4 years older than UAE itself. First branch was opened in 1967 and UAE was founded in 1971. Before 1993 the structure was called Oman Bank and modern name appeared after.
Employees
English
Security
High
Presentation
Account
Terms of opening for admission (days):
21
Opening terms for cancellation (days):
21
Recommendations:
Требуется
Description of activity:
Detailed
Account type:
Corporate and personal.
Departure to the bank:
Required
Required documents:
Passport of an applicant, directors/shareholders/beneficiaries; filled bank form with client's personal info, account and its purpose; corporate documents; bank statement for 6 months; bio of applicant/brief description of company's history; proof of address of applicants/shareholders
Account opening, probability:
Calculated
Particularities during account opening:
Impossible to open account for a foreign company, therefore one needs to open a branch in UAE - a visa is required within 3 months from account opening. Shareholder should prove existing of the same business in the country of residence
Rating
Country Rating:
3
Rating on loans:
BA3
Terms
Balance, minimum:
11992 €
Services and costs
Cost of translation:
International transaction - 45 AED; Local - 20AED; more than 7 transactions - 10AED for each transaction above
Cost of enrollment:
60-110 AED depednding on recipient's country
Cost of account maintenance:
100 AED
Credit card restrictions:
Daytime limit for cash withdrawals - 25,000AED; daytime limit for transactions - 50,000AED
Access to the account:
Via phone and internet-banking
Bank services:
Deposits, credit services; investment banking services; share and capital management
Bank cards:
Visa
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