Mashreq has launched a new service allowing UAE-based Egyptian customers to open accounts with Mashreq Egypt digitally and manage them through the Mashreq UAE mobile app.

This service is available to Egyptian nationals holding a NEO, Gold, or Private account with Mashreq UAE, removing the need for physical documents or in-person branch visits.

Customers can view both their UAE and Egypt accounts in a single dashboard and transfer funds in real time.

Once the Mashreq Egypt Account is active, they can use Quick Remit to send money instantly and without fees.

Fernando Morillo, Group Head of Retail Banking at Mashreq, said:

“We are delighted to introduce this pioneering service, which marks a significant milestone for both Mashreq and our customers. We are especially proud to be the first bank in the UAE to enable non-resident Egyptians to open an account in Egypt fully digitally, without the need for physical paperwork or branch visits.”

The Mashreq Egypt Account allows transactions in Egyptian pounds and US dollars and provides a free debit card with high withdrawal and spending limits.

Customers also have access to lifestyle offers across dining, entertainment, and travel.

Featured image credit: Edited by Fintech News UAE, based on image by watercolor_vect via Freepik