Open Online Al Masraf Bank Current Account in UAE, Dubai

Let’s learn about the Al Masraf current account in detail, including its application process, documents required, fees/ charges, etc!

Al Masraf Current Account- Key Features and Benefits

The following are the major features of an Al Masraf current account in the UAE:

Feature Type	Description
Account Maintenance	No minimum balance to maintain the current account
Easy Account Opening	Conveniently open an account digitally
Free Banking Services	Enjoy free international fund transfers Receive free SMS alerts after each transaction Experience seamless banking with all fees waived
Cashback	Receive 1% cashback on purchases with the bank’s debit card

Eligibility Criteria for Al Masraf Bank Current Account in UAE

You need to fulfil the minimum eligibility criteria for opening an Al Masraf current account in the UAE:

Eligibility Type	Requirements
Age	Minimum- 21 Years
Nationality	UAE Nationals and Residents

What Documents Do I Need to Open Bank Account at Al Masraf?

All you need is your Emirates ID to open an Al Masraf bank account in the UAE!

How to Open an Al Masraf Bank Account in UAE?

Simply head out to the official website of Al Masraf and apply instantly! Alternatively, you can use the bank’s mobile app to open your bank account.

Note: To explore other top current accounts in the UAE,

Al Masraf Current Account- Fees & Charges

The following are the major fees and charges associated with the Al Masraf current account in the UAE:

Types of Fee	Charges
Account Closure Fee	Free
Regular Bank Statement	Free
Liability Letter Issued to Financial Institutions	Free
No Liability Certificate	Free
Cheque Book Request	Free
Additional Statement	Free
Issuance and Renewal of Debit Card	Free

Open Current Account in Other UAE's Banks -

Frequently Asked Questions

Al Masraf Bank offers free banking with its current account. This includes no charges related to minimum balance, local transfers, account closing, regular and additional bank statements. Fees are also waived for teller services (other than ATM and Online) and utility bill payments.

With the Al Masraf Bank Debit Card, you can earn 1% cashback on all your purchases. There are no limits or caps on your cashback earnings.

Yes, Al Masraf Bank provides free international remittances. You can send money to your loved ones or conduct business transactions abroad without worrying about additional fees.

Yes, Al Masraf Bank provides free SMS alerts. You will receive real-time notifications for all your account transactions.

You can apply for an Al Masraf Bank current account through Policybazaar.ae. The website is easy to complete all the processes - right from filling out the lead form to selecting the desired account and proceeding with the application process. If you require expert advice, Policybazaar.ae also offers the assistance of financial advisors.

The bank does not charge any amount for the issuance of an additional chequebook.

You receive 1% cashback on the purchases made through the debit card.

There is no fee charged for closing an Al Masraf current account.