The Al Masraf current account comes with a wide range of benefits for customers. From zero balance maintenance to free services, it has it all. On top of that, the bank has minimum eligibility requirements.
Zero Balance Account
Chance to Win AED 1 Million a Month
Virtual & Physical Debit Card
Open bank account instantly with zero maintenance fees
Current Account
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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:
Are there any charges associated with the Al Masraf Bank current account?
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.
What rewards does the Al Masraf Bank Debit Card offer?
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.
Does Al Masraf Bank offer international fund transfers?
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.
Does Al Masraf Bank provide SMS alerts for account transactions?
Yes, Al Masraf Bank provides free SMS alerts. You will receive real-time notifications for all your account transactions.
How can I apply for an Al Masraf Bank current account?
You can apply for an Al Masraf Bank current account through Paisabazaar.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, Paisabazaar.ae also offers the assistance of financial advisors.
How much does Al Masraf charge to issue an additional chequebook?
The bank does not charge any amount for the issuance of an additional chequebook.
What privileges do I get on the debit card issued upon opening a current account?
You receive 1% cashback on the purchases made through the debit card.
I want to close my current account. What is the applicable account closure fee?
There is no fee charged for closing an Al Masraf current account.
94 genuine reviews and ratings across our services.
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4.7 / 594 reviews
With Al Masraf's current account, you can enjoy a range of features such as access to online services and a wide range of other benefits.
High interest savings account I’d like to thank Sazia for her proactive and friendly support. I was looking for a high-interest savings account to grow my money, and she guided me through the entire process. With her help, I was able to open an account that offers a high interest rate. Highly recommend Paisabazaar UAE!
Easily opened a low salary accountI recently opened HSBC bank account with the help of Paisabazaar.ae. My salary is low and I faced challenges in starting an account as many top banks had rejected my application earlier. When I contacted Paisabazaar, their team suggested several low-salary account options that fit my situation. With their guidance, I was able to open an account with HSBC that has no minimum balance requirement and a low salary criterion.
Best bank account options for expatsI highly recommend Paisabazaar UAE for expats who want to open a bank account easily. When I moved to Dubai from India, I had no idea about the required documents or procedures. Thankfully, this company made the whole process simple and stress-free. Mr. Shailesh was extremely supportive. He patiently guided me through every step and even suggested the best account options for my needs. Thanks to him, I was able to start my banking journey in Dubai.
Supportive team Paisabazaar.ae is an excellent company with a very polite and helpful team. I was opening a bank account through them and had tons of questions, but they patiently answered every single one and cleared all my doubts. Really appreciate their professionalism and support.
Instant zero balance account openingI was searching for a zero balance account and got quite confused about which bank to choose. Then I came across Paisabazaar UAE, and their team made everything so simple. They guided me through all the options and helped me pick the best account for my needs. A big thanks to Salim and his team for their support throughout the entire account opening process!
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Zero Balance Account
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Virtual & Physical Debit Card
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