Accounts – Al Masraf

Accounts

Accounts

CURRENT ACCOUNT

Al Masraf Current Accounts are designed to help you manage your financial requirements in a way that suits your day to day transactional needs. We offer a combination of convenience, flexibility, financial and non-financial benefits, to ensure that you always have access to an account that caters to all your needs.

Features & Benefits

  • Available in AED, USD, EUR & GBP
  • Free First Cheque Book
  • Free Teller Transactions
  • Free Online Banking Channels
  • Free Phone Banking
  • Free ATM/Debit Card
  • Free Monthly / Quarterly Statements

Eligibility

  • UAE nationals and UAE residence visa holders
  • Must be aged 21 or above

Documentation

Please refer Required Documents List in Downloads Section. Click here to Download

SAVINGS ACCOUNT

Al Masraf Savings Account is now available for you to conduct all your banking transactions while enjoying the privilege of an attractive interest rate. Al Masraf Savings Account has an added advantage of being available in all major currencies.

Features & Benefits

  • Available in AED, USD, EUR & GBP
  • Enjoy attractive interest rates
  • Low minimum balance requirement
  • Free online banking channels
  • Free phone banking
  • Free ATM/Debit card
  • Free first six teller transactions
  • Free account statement (Every six months)

Eligibility

  • UAE nationals and UAE residence visa holders
  • Non-residents on a visit visa or transit visa

Documentation

Please refer Required Documents List in Downloads Section. Click here to Download

FIXED DEPOSIT ACCOUNT

With Al Masraf’s Fixed Deposit Account, you will make the right choice for a sound and long term investment. You can be assured of higher returns when you open a Fixed Deposit Account in any one of the branches of Al Masraf.

Features & Benefits

  • Available in AED, USD, EUR & GBP
  • Enjoy attractive interest rates
  • Interest paid on Quarterly basis
  • Convenience of Standing Order Services
  • Overdraft facility of up to 90% of Fixed Deposit Amount
  • Free Online Banking Channels
  • Early withdrawals permitted

Eligibility

  • Minimum amount equivalent to AED 10,000

Documentation

Please refer Required Documents List in Downloads Section. Click here to Download

REGULAR RETURNS FIXED DEPOSIT ACCOUNT

Al Masraf Regular Returns Fixed Deposit gives you the power to choose between monthly, quarterly and semi-annually interest payouts.

Features & Benefits

  • Available in AED
  • Enjoy attractive interest rates
  • Choice of Monthly, Quarterly or Semi-Annually interest payouts as per your convenience
  • Choice of tenors ranging from 2 to 5 years
  • Overdraft facility available of up to 90% of deposit amount
  • Free Online Banking Channels

Eligibility

  • Minimum amount required AED 350,000

Documentation

Please refer required documents in Downloads section. Click here to Download

CALL DEPOSIT FACILITY

Al Masraf’s Call Deposit facility gives you the benefits of both, a Savings Account and a Current Account, and offers the advantage of instant access to funds while also providing attractive interest on the amount deposited.

Features & Benefits

  • Available in AED, USD, EUR & GBP
  • Access to funds in the form of withdrawals can be granted following a 24-hour notice
  • Interest paid on monthly basis
  • Free online banking channels
  • Free account statement (Quarterly)
  • No fixed term for maintaining the deposit
  • Dedicated Relationship Manger

Eligibility

  • Minimum balance to open the account AED 1,00,000
  • UAE nationals and UAE residence visa holders

Documentation

Please refer Required Documents List in Downloads Section. Click here to Download

↓