Al Mashreq, a leading financial institution in the Middle East and North Africa, has launched a new service for its Egyptian clients residing in the United Arab Emirates. For the first time, Egyptian nationals in the UAE can open instant accounts with Al Mashreq Egypt entirely remotely, manage all their accounts from a single platform, and perform instant money transfers through the Al Mashreq UAE app.
This service is available to Egyptians holding New, Gold, or Private Banking accounts with Al Mashreq in the UAE. It replaces traditional paperwork and branch visits in Egypt, providing a seamless end-to-end digital banking experience.
Customers will also benefit from a unified global dashboard within the UAE app, allowing them to view and manage balances in both Egypt and the UAE, enhancing transparency and control over cross-border financial transactions.
Once an Al Mashreq Egypt account is activated, customers can make instant transfers at no cost through the exclusive “Quick Remit” service.
Fernando Morello, Head of Retail Banking at Al Mashreq, commented: “We are delighted to launch this pioneering service, which marks a significant milestone for both Al Mashreq and our clients. We are proud to be the first bank in the UAE to offer Egyptian expatriates fully digital access to accounts in Egypt, without paperwork or branch visits. This reinforces our commitment to reimagining banking experiences and providing customers with higher convenience, speed, and value, along with free Quick Remit transfers.”
Key benefits of the Bank account include:
- Opening accounts in Egyptian Pounds or US Dollars
- Free 24/7 transfers via Quick Remit from UAE accounts
- Unified global dashboard to monitor balances in Egypt and UAE
- Free debit card with high spending and withdrawal limits
- Exclusive offers in dining, entertainment, and travel
Ghazal Al Saqqal, Global Head of Digital Strategic Partnerships at Al Mashreq, added: “This achievement highlights our focus on building a comprehensive digital ecosystem powered by technology. By enabling seamless cross-border account opening, we are removing traditional barriers and delivering real value to our customers. We believe this service will redefine how Egyptian expatriates manage their finances across borders.”
The launch underlines Al Mashreq’s ongoing commitment to innovation, simplifying cross-border banking, and providing greater flexibility and value for the expatriate community.
