Minimum age
18 years
Mbank Current Account
Mbank Current Account is an everyday AED account opened in the Mbank UAE app with UAE PASS. It has a debit card and cheque book and pays no interest.
At a glance
Key facts
Monthly Fee
AED 26.25/month, waivable
Minimum SalaryAED 3,000
Minimum BalanceNo minimum balance
Mbank's Current Account is an everyday account for receiving a salary, paying bills, withdrawing cash and sending money. It is held in AED. You open it in the Mbank UAE app with UAE PASS, without visiting a branch or handing in documents. A virtual debit card is issued as soon as the account is verified, and you can request a physical card in the app. Your first cheque book is free.
To open one you must be at least 18, a UAE resident and earn at least AED 3,000 a month. No opening deposit is needed, and the account pays no interest. If you want a return on your balance, look at the Mbank Savings Account.
Who can open it
Residency
UAE resident
Minimum salary
AED 3,000/month
Salary transfer
Not required
Fees and balance
The monthly fee is AED 26.25, and the rule for avoiding it changes on 1 November 2026.
Until then, the fee is waived when your average monthly balance is AED 500 or more, or when you have made a transaction yourself in the last 3 months.
From 1 November 2026, you pay nothing in a month when you meet any one of three conditions: an average monthly balance of AED 3,000, debit card spending of AED 3,000, or a salary transfer of AED 5,000 or more into this account. If you meet none of them, the bank charges AED 26.25 for that month.
Closing the account within 6 months of opening costs AED 105. There is no closure fee if you cancel within the first 5 working days.
Minimum balance
None
Minimum opening amount
None
Monthly fee
AED 26.25
Waived with an average monthly balance of AED 500 or a self-initiated transaction in the last 3 months.
Account closure fee
AED 105
Charged only within 6 months of opening. Waived within 5 working days.
In plain words
- Fee waiver
- A waiver is a condition that cancels the fee for that month. The fee here is AED 26.25 a month, and it is charged only in a month when you do not meet the waiver condition. More on this
- Account closure fee
- A one-off charge of AED 105 for closing the account within 6 months of opening it. Closing it later costs nothing. Closing within the first 5 working days carries no charge either. More on this
- Opening amount and minimum balance
- The opening amount (AED 0) is what you pay in to start the account. The minimum balance is what you keep in it afterwards. More on this
Benefits
Instant Virtual Debit Card
A virtual card is issued once the account is verified and works with Apple Pay, Samsung Pay and Google Pay.
UAE PASS Account Opening
Open the account in the Mbank UAE app with UAE PASS, with no branch visit and no paperwork.
First Cheque Book Free
The first cheque book on the account is free of charge.
Cheque book available
Cheque book
How to open
Before you apply
1.Open in the app.
2.Minimum salary: AED 3,000/month.
3.Salary transfer is not required.
4.No minimum balance.
5.Debit card included.
Application steps
1.Download the Mbank UAE app from the App Store, Google Play or AppGallery.
2.Choose to open an account and confirm your identity with UAE PASS.
3.Once the account is verified, find your virtual debit card in the Cards section of the app.
4.Activate the virtual card for online purchases, or add it to Apple Pay, Samsung Pay or Google Pay.
5.Request a physical debit card in the app for ATM withdrawals and in-store purchases.
Good to know
Good option for
Residents earning AED 3,000 or more who want an app-opened account with a cheque book, and who will keep AED 3,000 in it, spend AED 3,000 on the card or transfer a salary of AED 5,000.
Consider another account if
You earn under AED 3,000 a month, or you want an account that stays free with no balance, spending or salary condition. See accounts with no minimum balance.
If your salary drops below AED 3,000
You must tell Mbank if your salary falls below AED 3,000 a month. The bank can then convert the Current Account to a Smart Account, which is a current account without a cheque book.
What can close the account
Mbank closes an account that has had no transactions for 180 days from the date it was opened. An account is also closed, and its holder blacklisted, when 4 cheques are returned unpaid for lack of funds within one year.
Frequently asked questions
Get answers to common questions about the Mbank Current Account