Al Masraf Business Account

Other features such as competitive fee structures, digital banking services, and convenient cash withdrawal facilities are also available. Al Masraf helps its clients manage their operations seamlessly. Let’s delve into the details of this bank account.

Features of the Al Masraf Business Bank Account

The following are the two types of Al Masraf business accounts in the UAE:

Al Masraf Current Account	Al Masraf Savings Account
Cash deposit and withdrawal facility: Easily made through a debit card and/or chequebook Available in multiple currencies: USD, AED, GBP, and EUR The debit card and chequebook are available only in AED currency Open a joint account with one first-degree relative	The account lets you earn interest on your available savings Available in several currencies: EUR, GBP, USD, and AED

Eligibility Criteria for Al Masraf Business Account

We have mentioned the eligibility requirements required for opening a business bank account in UAE at Al Masraf:

For Al Masraf Current Account	For Al Masraf Savings Account
Minimum Age- 21 Years Nationality- UAE National and Residents	Minimum Age- 18 Years Nationality- UAE Nationals, Residents, and Non-residents

Al Masraf Business Bank Account- Documents Checklist

You will need the following documents for opening both savings and current business accounts:

For Al Masraf Current Account	For Al Masraf Savings Account
Emirates ID	Emirates ID

Note: Additional documents may be required.

Open Bank Account in UAE with Al Masraf

Open a bank account with Al Masraf via online and offline channels. For online applications, download the bank’s app on your device and follow the prompts. Alternatively, to apply offline, visit the branch in person or call the bank officials.

Al Masraf Business Account- Fees & Charges

Tabled below are the key fees and charges of the Al Masraf Business bank account:

Type of Fee	Charges
Maintenance Fee for Current Account (Quarterly)	AED 100
Maintenance Fee for Savings Account (Quarterly)	AED 150
Current and Savings Account Closure within 6 Months	AED 250
Savings Account Closure within 1 Year	AED 500
Cheques Returned Unpaid	AED 300
Special Clearing Charges	AED 205
Additional Chequebook	AED 1 (Per leaf)
Non-Collection of Chequebook within 1 Month	AED 50
Issuance of Supplementary ATM/ Debit Card	AED 25