The cost of opening an account: From 1990 USD

General information

Name:Mashreq Bank


Official site:
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.
Shareholders:SAIF AL GHURAIR INVESTMENT GROUP Abdulla & Hamad Al Ghurair Investment LLC Massar Investment Co. LLC


Terms of opening for admission (days):21
Opening terms for cancellation (days):21
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


Country Rating:3
Rating on loans:BA3


Balance, minimum:11 992 €

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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Chose bank, where you would like to open an account and press "Order"Введите свой номер телефона и ожидайте входящего звонка по указанному Вами номеру,
our Lawyer will contact you and provide answers on all your questions Chose bank, where you would like to open an account and press "Order", our Lawyer will contact you and provide answers on all your questions.
Select Bank's name sort descending Price of account opening Terms of account opening (days) Established World Ranking
Arab Bank for Investment and Foreign Trade (Al Masraf) 1990 USD 21 1976
Emirates Islamic Bank 790 USD 10 2004
Emirates Islamic Bank 790 USD 10 2004
Emirates NBD PJSC 1500 USD 10 2007 239
First Abu Dhabi Bank 1990 USD 21 2016
Mashreq Bank 1990 USD 21 1967
National Bank of Fujairah 1990 USD 21 1982
National Bank of Ras Al Khaimah (RAKBANK) 1990 USD 21 1976
NOOR Bank 1990 USD 21 2008
United Arab Bank 1990 USD 21 1975