Open Mashreq Neo Salary Account

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Mashreq Neo Salary Account is a banking solution designed specifically for individuals who receive their salaries through Mashreq Bank. With this account, users can enjoy a range of benefits and convenient banking services.

The Mashreq Neo Salary Account offers a seamless and digital banking experience and allows users to access their funds, make transactions, and manage their finances easily through online and mobile banking platforms.

Features and Benefits of Mashreq Neo Salary Account

Here are the primary features and benefits of a Mashreq Neo Salary account -

  •  You can earn cashback of up to AED 2,5000 upon transferring your salary to the Mashreq account. Keep in mind that the amount of cashback depends on the range of the salary.
  • The cashback is based on your first salary and is credited in 6 equal monthly payments.
  • No minimum balance is required to maintain this bank account.

What are the Eligibility Criteria for Mashreq Neo Salary Account?

In order to be eligible for opening a Mashreq Neo Salary account, you must fulfill these requirements -

  • You must be at least 18 years old at the time of applying.
  • You must transfer a minimum monthly salary of AED 5,000 or have an annual turnover of at least AED 60,000

Which Documents are Required to Open a Mashreq Neo Salary Account?

Keep the following set of documents ready to open a Mashreq Neo Salary account -

  • Valid Emirates ID
  • A valid proof of salary such as a salary certificate or bank statements

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Mashreq Neo Salary Account: Fees and Charges

Check out the table below for all the fees and charges of the Mashreq Neo Salary account in UAE -

Type of Fees Charges
Monthly Fee
  • Free for the First Three Months
  • AED 10 Per Month (From the 4th Month Onwards)
  • Note: The bank does not charge any fee if the account holder receives their salary in their Neo account.
Periodic Email Statement Free
Additional Paper Statement AED 25
Local Cheque Clearing - Normal Free
Partial Cheque Clearing AED 5.25
Stop Payment (Per Instrument Per Cheque) AED 50
Cheque Returned - Drawn on Own Account AED 100
Request for Copy of Old Cheques / Documents AED 10 for ≤ 1 Year  AED 20 for > 1 Year
Additional Cheque Book Request (First Cheque Book Complimentary) AED 1 Per Leaf

How to Open a Mashreq Neo Salary Account?

Here’s how you can open a Mashreq Neo Salary account in UAE -

  • Visit the official website of Mashreq Bank.
  • Click on the ‘Accounts and Deposits’ drop-down menu and choose ‘Neo NXT’.
  • Tap on the ‘Accounts’ menu and select the ‘Neo Salary’ option.
  • Once you are directed to the next page, click on the ‘Open Account’ option.
  • Choose ‘Open an Account’.
  • Provide all the details as prompted and attach the required documents.
  • Create new credentials and re-enter to confirm
  • An authentication code will be sent to your registered email ID/ contact number.
  • Enter the code. Once done, you will be able to log into your account.

How to Sign into Your Mashreq Neo Salary Account?

Follow the steps below to log into your Mashreq Neo Salary account -

  1. Head to the official website of Mashreq Bank.
  2. Tap on the ‘Accounts and Deposits’ drop-down menu and select ‘Neo NXT’.
  3. Click on the ‘Accounts’ menu.
  4. Select the ‘Neo Salary’ option, after which you will be taken to another page.
  5. Select the ‘Login’ option.
  6. Type in your username and password and click on the ‘Sign In’ option to open your account.

Others Mashreq Bank Accounts

Mashreq Current Account Mashreq Saving Account
Mashreq Fixed Deposit Account Mashreq Business Account

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