Al Masraf Salary Plus Account

Open a savings account with salary transfer and enjoy promotional interest rates plus a joining bonus from Al Masraf.

Key Fact Statements

Eligibility

UAE Nationals & expatriates with valid residence visa.
Minimum salary transfer: 15,000.
Maintain 15,000 monthly balance.

Key Features

 account with salary transfer.
Min. balance: 5,000.
Interest applicable from 15,000.
Promotional rates for first 3 months (then standard rates apply).
Monthly interest credit (based on average balance).
Free debit card & e-statements.
Free withdrawals at Al Masraf ATMs.
No cheque book.

Fees

Non-maintenance penalty: 25 + VAT.
Other charges as per www.almasraf.ae

Important Notes

No interest without salary transfer.
Only salary credits accepted (non-salary credits declined).
Other bank ATM withdrawals may incur charges.

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Frequently Asked Questions

Are personal transfers from friends or family allowed?

No. Personal transfers that are not directly related to your salary or employment benefits will be rejected.

What happens if a non-eligible credit is sent to my account?

Any credit transaction that is not related to salary income categories will be automatically rejected and returned to the sender.

Are rental payments always accepted?

Rental payments are accepted only if they are linked to employment arrangements (e.g., company-provided housing allowance). Private rental income is not accepted.

Can I transfer money from another personal account into this account?

No. Transfers from your own or third-party personal accounts are not allowed unless they qualify as salary-related payments.

Why are there restrictions on the types of credits allowed?

This account is specifically designed for salary and employment-related income to ensure compliance with the bank’s product structure and requirements.

Can I receive business income or freelance payments into this account?

No. Payments related to freelance work, business activities, or self-employment are not permitted and will be rejected.

Can I receive refunds or reimbursements into this account?

No, reimbursements and refunds are not accepted, you may open another current or savings account to receive them.

Can I receive transfers through Aani?

Account addition and debit transactions are supported through Aani; however, credit transactions are not allowed via Aani.

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