Mashreq Gold Account

How to Open a Mashreq Gold Account: Benefits, Criteria, and Eligibility

Are you looking to open a gold account? Mashreq Bank is a leading financial institution in the UAE that offers a range of banking services, including gold accounts. In this article, we will guide you through the full procedure of how to open a Mashreq Bank Gold Account. We will also discuss the benefits, eligibility criteria, and requirements for opening a gold account with Mashreq Bank.

Eligibility Criteria for a Mashreq Gold Account

To open a gold account with Mashreq Bank, you must meet any of the following eligibility criteria: 

Monthly Salary: A monthly salary transfer of AED 50,000 or more for first 12 months, after which the ‚ÄúRelationship Balance‚ÄĚ eligibility criteria will have to be met.¬†

Relationship Balance: Average balance of AED 500,000 or more in your Current Accounts, Savings Accounts, Fixed Deposits, or Investments. 

Home Loan:Home Loan of 3,500,000 or more for the first 12 months, after which the ‚ÄúRelationship Balance‚ÄĚ eligibility criteria will have to be met.¬†Insurance:-Annual insurance premium of AED 500,000 or more for the first 12 months, after which the ‚ÄúRelationship Balance‚ÄĚ eligibility criteria will have to be met

Mashreq Bank Sharjah Timings, Branches, Atm

Mashreq Bank Gold Account Benefits

Mashreq-Bank-Gold-Account-Benefits

Before we dive into the procedure for opening a gold account with Mashreq Bank, let’s first discuss the benefits of having a gold account with them. Here are some of the key benefits of opening a gold account with Mashreq Bank:

  • A welcome cashback of AED 2,500 (dependent on eligibility). Plus, AED 2,500 for referring friends to Gold.
  • Priority processing of transactions and preferential rates on Deposits, Remittances, and Forex across channels.
  • Complimentary Meet and greet Services at Dubai and Abu Dhabi Airports
  • Preferential dining discounts, complimentary airport lounge access, and invites to exclusive Gold events.

The Mashreq Gold Relationship Team

  • Benefit from a skilled and dedicated Relationship Manager who will manage your relationship with the bank.
  • Access to a team of product specialists to help you make the most appropriate financial choices.
  • Your Customer Service Manager will help you with personalized oversight of your transaction requests and service requirement
  • Experience the convenience of a direct line to a dedicated 24-hour service team at the Gold Call Centre (800 4 GOLD)(4653).

FAQ About Mashreq Bank Gold Account

How can I join Mashreq Gold?

To join Mashreq Gold, you must fulfill any one of these criteria at Mashreq:

  • Monthly salary transfers of AED 50,000 or more¬†for the first 12 months, after which the ‚ÄúRelationship Balance‚ÄĚ eligibility criteria will have to be met.
  • Relationship balance of AED 500,000 or more in your Current Accounts, Savings Accounts, Fixed Deposits, or Investments.
  • Home Loan of 3,500,000¬†or more for the first 12 months, after which the ‚ÄúRelationship Balance‚ÄĚ eligibility criteria will have to be met.
  • Annual insurance premium of AED 500,000 or more for the first 12 months, after which the ‚ÄúRelationship Balance‚ÄĚ eligibility criteria will have to be met.

How to Renew Mashreq Gold membership?

You will continue being a Mashreq Gold client as long as you continue to fulfill any one of the three criteria listed above.

What is the fee for opening/maintaining a Mashreq Gold Account?

There are no fees associated with opening a Mashreq Gold Account. However, a quarterly fee of AED 1,000 (plus VAT) will be charged if the Mashreq Gold criteria are not met for a consecutive period of 3 months.

Can I open Mashreq Gold Saving account if I m not a UAE resident?

Non-residents may open a Mashreq Gold Savings Account, on provision of valid identity documents and bank statement/s from their country of residence.

How can i apply for a Mashreq Gold membership?

Please call Mashreq Gold Call Centre: In the UAE: 800 4 GOLD (4653) From outside the UAE: (+971) 4 424 4653

How do i Contact with Mashreq Gold Call Centre?

In case of any query, please call the Mashreq Gold Call Centre on 800 4 GOLD (4653).