Al Masraf Business Account
If you’re an entrepreneur seeking top-notch banking services, the Al Masraf Business account might be the one for you. This account provides easy access to funds, streamlined transactions, and comprehensive financial management tools.
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 |
|---|---|
|
|
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 |
|---|---|
|
|
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 |
Frequently Asked Questions
No, UAE non-residents are not eligible to open an Al Masraf current account.
You are liable to pay an amount of AED 250.
The bank account is available in EUR, GBP, USD, and AED currencies.
More From Bank Accounts
- Recent Articles
- Popular Articles





