Minimum age
18 years
Mashreq Multi Currency Account
Mashreq Multi Currency Account is a foreign currency current account opened in Mashreq Online, one account per currency, with no debit card or chequebook.
At a glance
Key facts
Account TypeCurrent
Holding CurrencyMulti-currency
Debit CardNot included
Account access
No debit card included.
Opened in Mashreq Online by selecting Foreign Currency Account under New Account Opening. One account is allowed per currency.
A Mashreq Multi Currency Account, which the bank also calls a Foreign Currency Account, is a current account held in a currency other than the dirham. You use it to hold money and make everyday transactions in that currency. Each account holds one currency, and you can open one account per currency. The bank offers it digitally in US dollars, euros, pounds sterling, Canadian dollars, Swiss francs, Australian dollars, Singapore dollars, Saudi riyals, Qatari riyals and Omani rials. It is a companion to an AED account such as the NEO Current Account, not a replacement for one.
Who can open it
Residency
UAE resident
Benefits
Ten Foreign Currencies
Offered digitally in USD, EUR, GBP, CAD, CHF, AUD, SGD, SAR, QAR and OMR.
Instant IBAN
The IBAN and account number are generated instantly and sent to your registered email address.
How to open
Before you apply
1.Opened in Mashreq Online by selecting Foreign Currency Account under New Account Opening. One account is allowed per currency.
2.No debit card included.
Application steps
1.Log in to Mashreq Online.
2.Select Foreign Currency Account under New Account Opening.
3.Choose the currency you want the account in.
4.Check your registered email for the IBAN and account number, which are generated instantly.
Good to know
Good option for
Mashreq customers who are paid, or who pay others, in a foreign currency and want an account held in that currency.
Consider another account if
You want to spend from the balance with a card or write cheques. Mashreq issues debit cards and chequebooks on its AED current account only, not on the foreign currency version.
What comes with the account
You get an IBAN and account number in the chosen currency and a monthly e-statement by email, and you can check the account in the Mashreq Mobile App, in Online Banking or at a Mashreq ATM. There is no debit card and no chequebook. The account is for UAE residents aged 18 or above with a valid Emirates ID.
Frequently asked questions
Get answers to common questions about the Mashreq Multi Currency Account