| Minimum Balance | Annual Fee | Internet Banking | Features | |
|---|---|---|---|---|
Mashreq Current Account
|
Minimum Balance: QAR 500 | Annual Fee: QAR 0 | Internet Banking: No | Features: Phone Banking, Free Cheque Book, Current Account |
The Current Account from Mashreq offers you basic transactional banking services.
Mashreq Current Account Features:
Mashreq Current Account Features:
- Initial balance of QAR 500* (Waived if salary being transferred)
- Salaam Rewards
- Average Monthly balance of QAR 5000
- Earn higher interest on surplus funds with complimentary Easy Saver Account
- Free withdrawal transactions from all ATM’s across Qatar (NAPS Networks)
- Personalized cheque book
- Free international Debit Chip Card with high daily withdrawal limit
- Free internet banking
- Free 24/7 call center service
- Free SMS alerts on transactions
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
