With the advent of technology and digital platform, a similar move is observed in the banking sector. One of the torchbearers for the same in the UAE is the Mashreq Neo Bank, which is a ‘digital-only’ financial institution. With Mashreq Neo Bank, you can enjoy branchless banking with excellent digital services, meaning hassle-free banking and access to award-winning services.
Similar to a regular account, you can expect a wide range of products and services offered by Mashreq Neo Bank. We will discuss the salient ones in the article below to help you get an idea of Mashreq Neo Bank products.
Mashreq Neo Bank provides the following services and products
|Current Accounts||Savings Accounts||Non-Resident Account|
|Quick Remit||Debit Cards||Mashreq Millionaire|
Here are the key characteristics of Mashreq Neo Bank
|Online Features||Offline Features|
|Completely Digital Banking||-|
|Easy Access to Accounts||-|
|Insurance and Investment Offerings||-|
Tabled below are the major products and services offered by the Mashreq Neo Bank –
|Personal Products Offered|
|Current Accounts||Neo Smart|
|Savings Accounts||Neo Savings|
|Non-Resident Account||Non-Resident Indian Account|
|Insurance||Digital Term and Critical Illness|
|Investments||Stock Trading Account|
|Gold Trading Account|
|Forex Trading Account|
|Early Bird Cashback|
|Debit Card Offers|
Mashreq's Neo Smart is a digital current account that greatly simplifies the process of banking. You can download the Mashreq Neo app and access this account to manage your banking on your smartphone.
You can access plenty of benefits with the NEO Salary Account and use it online for a convenient banking experience.
Neo Savings Account is your one-stop solution for all your requirements related to savings and an option to easily access your account online.
The Non-Resident Indian Account is one of the most suitable options for NRIs wanting to avail of excellent banking services in a digital-only mode.
Instead of engaging in a time-consuming process of transferring funds, you can easily utilise the Quick Remit service of Mashreq Neo Bank and swiftly make money transfers to over 35 global destinations.
The Neo Debit Card has been designed keeping in mind the requirements of the modern customer and includes multiple attractive features along with the ease of transactions.
With Mashreq Millionaire, you stand a chance to win AED 1 million! As a user, you can take part in the draw (quarterly and monthly) by purchasing Mashreq Millionaire Certificates.
You can apply for a MaxSaver account to take advantage of a high-interest rate combined with the flexibility of savings.
With Neo Digital Term and Critical Illness insurance, you can get digital term and critical illness coverage online. This can allow you to avail of proper coverage online and have peace of mind with respect to you and your loved ones.
Car insurance, besides being mandatory in the UAE, is necessary if you wish to have financial security in case your vehicle is damaged in an accident.
If you need cash for any personal requirement on an urgent basis, you can easily come to Mashreq Neo Bank to get instant and flexible loans and find the required funds for those needs.
Enjoy cashback for your salary transfer to Mashreq Neo.
|Salary Transfer per Month (in AED)||Cashback Amount (in AED)|
|5,000 to 9,999||200|
|10,000 to 19,999||500|
|20,000 to 49,999||1,000|
Earn up to AED 350 cashback by making transactions within the initial 90 days via Neo debit cards, Quick Remit, and more.
Here are the key debit card offers provided by Mashreq Neo Bank.
You can earn Salaam Rewards by using Mashreq Neo Bank services and redeem these points later for expenditures related to dining, flights, hotels, shopping, and more.
|2022||Best Private Bank - UAE||Global Private Innovation Awards|
|2021||Best Private Bank in UAE||Global Private Innovation Awards|
|2021||Outstanding Private Bank Middle East||Private Banker International (MEED)|
|2019||Best Private Bank Servicing the UAE||Wealth Briefing Awards|
|2019||Best Private Bank – Investment Management Platform||WealthBriefing MENA|
|Private Customer Care||
|Gold Customer Care||
|Business Customer Care||
|Personal Customer Care||
Ans: Neo Bank is a type of bank that emphasises the usage of the latest technology to deliver an online banking experience in line with the expectations of the modern customer.
Ans: There is no offline presence of Mashreq Neo Bank, as it is a digital-only bank.
Ans: You can visit the official website of Mashreq Neo Bank to apply for any of its loan products online.