5 Reasons Why You’ll Want To Bank With Mashreq NEO
Adulting is a never-ending loop of spending, regretting and pretending to save on repeat. And here’s the real thing, watching your bills piling up is a more likely scenario than your savings grow here in Dubai. But what if I tell you there’s an uber-simple way to yield maximum savings with absolutely no additional effort? Nope, not a dream, all thanks to Mashreq NEO dropping a brand-new proposition called NEO PLUS. And the best part? It’s made for everyone: whether you’re a 9-to-5 hustler, freelancer, or bossing around your own startup. And the perks? Absolute gold! Let’s delve in!
What Does It Take To Be Upgraded To NEO PLUS?
All you have to do is download Mashreq Mobile App (yup, the top-rated banking app in the UAE) and open a Mashreq NEO Account. As soon as you transfer a salary of AED 10,000 or more, or you add a balance of AED 50,000, you will automatically be upgraded to a NEO PLUS customer.
It’s Shariah compliant and not a limited period promo.
Once you’re a NEO PLUS customer, a world of benefits are unlocked!
1. Access To A Market Leading Savings Account (NEO PLUS Saver Account)
Users can gain 6.25% interest per annum on their balances in NEO PLUS Saver Account if they’re transferring their monthly salary of AED 10,000+. Users who can’t transfer salary can even earn 5% p.a. as long as they have a minimum of AED 50,000 or more in the NEO PLUS Saver Account.
If the juicy interest rates weren’t enough to make you plunge into this deal, here’s what else NEO PLUS is offering you:
2. Fee-Free Everyday Banking
Yes, that’s zero fees on:
- Local money transfers
- International money transfers
- ATM withdrawals in the UAE and globally. Yup, that means no need to hunt for your bank’s ATM, or worrying over fees when you’re travelling to a foreign country
- Debit card and cheque book issuance
3. A Joining Bonus (Now, That’s What I’d Call A Grand Welcome By Mashreq NEO)
- Up to AED 3,500 when you transfer your salary
- An early-bird cashback of up to AED 1,500, including: 5% cashback on debit card spends, AED 300 cashback on international transfers (to make it clearer, yes, the bank is paying you to send money) and up to AED 1,000 referral bonus (the more the merrier! And richer, I suppose). You get 3 months from account opening to grab the early bird cashback.
4. Access To A Host Of Wealth Solutions
From US equities and thematics to mutual funds, UAE stocks, bonds, and even commodities, Mashreq NEO offers wide range of investment options. The most fascinating bit is that you can invest in US stocks starting with just $1 and still look like a pro investor. Plus, you get your hands on 10 free trades a month!
5. Cashback On Mortgages
What if we told you that your home loan valuation fee (a tidy AED 2,625) would be handed back to you when you book a Mashreq Home Loan and transfer your salary to NEO. Big wins of adulting, right?
Mashreq NEO – A Full Banking Solution In One App
– A Full Banking Solution in One App
Your banking woes are going to disappear in a jiffy. Credit cards, loans, insurance, mortgages – all of these will be bundled neatly within Mashreq Mobile App.
– You’re Banking With the Best
Mashreq NEO has been honored with the Best Digital Bank in the Middle East for five years in a row. Mashreq Mobile App is also the highest-rated mobile banking app in the UAE with a 4.8 stars score across app stores.
In a city where expenses rise quickly, finding a savings account that truly works for you makes all the difference. With high interest rates, zero-fee banking, and easy investment options, NEO PLUS is a smart way to take your savings further.
For more details about NEO PLUS, visit mashreq.com/NEOPLUS and Download Mashreq Mobile App to open your account.
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