Different banks and different types of other party service apps providing zero balance accounts services into the UAE. Many people come into the UAE from the different countries for different types of work. Many people just came into the UAE for visiting Purposes or many people came for the Job or Work Purposes. Those people who are came for work as labor these types of people have low level of education Which means they have not Fully awareness about the new Technology and about the new services of any country. Mostly people thought that if they have low level of education so, they can not open the bank account into the current country. This is wrong any person who is resident of country can be open the bank account. So, into this post we are going to show you the complete method for opening a zero balance account into the UAE. which means any one can open this zero balance account into the UAE. You can open Mashreq Bank zero Balance Account with less documents so do not worry about the long process.
Mashreq Bank zero Balance Account
To open a Zero Balance account with Mashreq Bank, you need to fulfill the following requirements:
- Valid Visa: Make sure that your visa is current valid and not close to expiry. Many people attempt to open accounts with visas nearing expiration, but it’s important that you have a visa with at least six months validity remaining.
- Valid Emirates ID: This is a government issued identity document in the UAE. It’s Important for Availing official services into the UAE. Make sure your Emirates ID is valid and undamaged.
- Valid Phone Number: A Valid phone number is necessary for the account opening process. You’ll receive updates and notifications through this number, so Make sure it’s active and accessible.
- Valid Email Address: Similarly, a valid email address is required for Account Registration and account related communications. Make sure your email address is active and regularly checked.
These are the Few basic requirement which you have to complete. If you do not complete these available requirements. Then you can not be able to open the Mashreq Bank zero Balance Account into the UAE. So, make sure that you have all these the requirements.
How to open Zero Balance Mashreq Bank Account online
Firstly, it’s important to that the account offered by Mashreq Bank is not a fully zero balance account. For the first three months, you can use the account with zero balance. However, after this Starting period, you will need to maintain a specified minimum balance. Only the Payit Wallet Bank account is a true zero balance account.
Now, let’s proceed with the process of opening an account with Mashreq Bank:
- Open your Current bank, if you have not then you can install this application through Google Play store or Apple App store. You can find this bank application on both Platforms. So, its easy to install current bank Application from the Application store.
- In the search bar, type “Mashreq Bank Mobile App” to locate the official app of Mashreq Bank.
- Once you find the app, click on the “Install” or “Get” button to download and install the app on your mobile device.
- You may Current baking app ask for permissions to access certain features on your device. Allow these permissions to ensure smooth functioning of the app.
- Once the app is installed, open it and proceed with the account opening process as guided within the app.
Following these steps will help you download and install the Mashreq Bank Mobile App, enabling you to start the account opening process conveniently from your mobile device.
In the available screenshot, you can easily understand the steps. First of all, install the Mashreq Bank Application on your cell phone. After that, simply open this application on the cell phone. Make sure that you have an active internet connection. After that, click on the ‘Get Started’ button. After clicking on the ‘Get Started’ button, you will move to the next page where you have to write your mobile number and email address. Make sure that you have written the correct mobile number and email address.
After providing the phone number and email address, now click on the next button. If you want to receive promotional notifications from Mashreq Bank, then check the available box. If you do not want to receive promotional notifications, then simply click on the next button.
After clicking on the next button, you will move to the OTP code screen. Here, you have to write the code that you received on your phone number. So, simply write down that code and move to the next step. The next step image guideline is mentioned below.
In the available screenshot, you can see the next step after providing the OTP code. Now, on this step, you have to scan your Emirates ID front and back, which is the easiest step. Simply scan your Emirates ID card on both sides and move to the next step, where you have to provide a live image of yourself. Make sure that your background is clear and not dark or mixed-colored.
When you successfully complete the face verification, you will need to provide details related to your employment. If you are a student, select the ‘Student’ option. If you own a business, select ‘Self-employed.’ If you are an employee in any private or government sector, then select the ‘Salaried’ option, which is ‘I am Salaried.’
After clicking on this option, you will need to provide basic details, such as your monthly salary. Make sure your salary is a minimum of 5000 AED; otherwise, your account will not be opened. So, write 5000 AED and then select the state and workplace. After that, if you want to transfer your salary to Mashreq Bank, select ‘Yes.’ If you do not want to do this, then select ‘No’ and click on the ‘Next’ button option. The screenshot of the next step is also mentioned below.
In the available image guidelines, you can easily see that after clicking on the ‘Next’ button, you will go to the ‘Select Account Type’ page. Here, two types of accounts are available: the NEO Salary Account and the Neo Smart Account.
Neo Salary Account Mashreq Bank
In this account, you can receive cashback with different amounts. For example, with a deposit amount ranging from 5000 to 9999 AED, you can get a 200 AED cashback. Similarly, as your deposit amount increases, your cashback amount also increases, up to 2500 AED. You can see these cashback amounts and deposit requirements in the available screenshot.
Moreover, if your salary is regularly transferred into this account, you will not be charged extra monthly fees. This means you won’t incur monthly fees if your salary is credited into the account. The monthly account fee is 26 AED if your salary is not credited into your account. Additionally, if your account maintains a balance of 5000 AED at the end of the month, this fee will not be charged to your account. Therefore, ensure that your account balance does not fall below 5000 AED if you choose this account category.
NEO SMart Zero Balance Mashreq Bank Account
The NEO Smart Account is a zero-balance account offered by Mashreq Bank, which you can use for personal purposes. For the first three months, there are no monthly fees or extra charges applied to your account. Additionally, the best feature of this account is that if you deposit 3000 AED into the account by the end of the third month, you will not be charged any account fees. This flexibility makes it an excellent choice for you. You can also withdraw this amount using the Mastercard provided by Mashreq Bank.
To proceed, you need to select this account and then click on the ‘Select NEO Smart Account’ button. After that, you will be directed to the next page where you have to provide a few required details. In the image guidelines, it’s indicated that if you are a USA taxpayer, you need to click on the checkbox provided for this question. If not, then simply do not click it. Similarly, if you want to receive funds from any other country, select the second option by clicking on the checkbox. If not, then do not click it and move forward. Finally, select the source of funds, which is ‘salary,’ and click on the ‘Next’ button. The screenshots of further steps are also mentioned below.
In the available page, you need to select your country. Choose the country you belong to. Then, on the next step, provide address details, including your current location in the UAE. Select your state and location address, and then specify your country and city along with your address details. Proceed to the next step.
On the subsequent step, you have to create a username for your bank application login. Make sure it’s something you will remember. Then, create a password. Ensure that you choose a password you won’t forget.
After creating your password, click on the ‘Next’ button. Your account will be opened partially. On this screen, click on ‘Sign in and share your documents.’ Open your Mashreq bank application, enter your username and password, and click on the login button. Choose whether you want to receive promotional notifications or not by checking or unchecking the boxes, then click on the ‘Save preferences’ button.
Next, the bank application terms and conditions will be displayed on your home screen. You can choose to read through them or scroll down and click on the ‘Agree and continue’ button.
If you want to set a biometric lock, do so in the application and then click on ‘Agree and continue’ again. Now your application is open on your cell phone. On the main home screen of your application, click on the ‘Share information’ button. Screenshots of these steps are also provided below.
In the available image guidelines, the Mashreq Bank mobile application home screen is displayed, indicating where you need to click on the red button labeled ‘Share Information.’ Click on it and proceed to the next step, where you have to scan your passport. Simply scan the passport and verify your details. If the details are correct, click on the ‘Next’ button. If the details are not correct, rescan the passport.
After clicking on the ‘Next’ button, you will be prompted to select your country from where your passport was issued.
Your account is now created with Mashreq Bank. Within a few working days, all the functions of your app will be operational. If you encounter any issues, please contact us, and we will assist you as soon as possible.
