Mashreq · digital business account
Mashreq NeoBiz Lite
Digital-first SME account from a full-service bank: zero minimum balance for AED 200/mo, free WPS salary transfers, wider banking products behind it.
Is Mashreq NeoBiz Lite worth it?
- free-zone companies: Mashreq NeoBiz Lite onboards free-zone entities on its published criteria.
- founders outside the UAE: Mashreq NeoBiz Lite onboards fully remotely — no branch visit required.
Pricing
- Monthly fee
- AED 200
- Minimum balance
- AED 0
Eligibility
- Not suitable for
- companies needing cheque books, cash deposits or a dedicated relationship manager — Lite is a digital-only tier at AED 200/month, so zero-fee seekers sit better on a plan with a minimum balance instead
Business operations
- Approval time
- 3–5 days
- Free-zone companies
- Yes
- Branch visit
- Not required
How onboarding goes
- Application: Submit the request through the provider’s channel and upload documents
- Compliance review: KYC checks and document verification
- Decision: Typical timing: 3–5 days
- Go live: Access activated and the product is live
Documents you'll typically need
- Valid UAE trade licence (mainland or free zone)
- Memorandum and Articles of Association
- Passports and Emirates IDs of shareholders and authorised signatories
- UBO (ultimate beneficial owner) declaration
- Office tenancy contract, Ejari or flexi-desk agreement
- Recent invoices or contracts for new companies; 6–12 months of bank statements for operating businesses
Typical pack for this category — the provider confirms the exact list on application.
NeoBiz Lite: AED 200/mo, zero balance. Prime: no monthly fee at AED 50,000 monthly average balance. Per Mashreq NeoBiz page, verified Oct 2026.
Verified answers
How much does Mashreq NeoBiz Lite cost?
NeoBiz Lite costs AED 200 per month. NeoBiz Prime carries no monthly fee when the monthly average balance is at least AED 50,000.
Source: mashreq.com · verified
Who is Mashreq NeoBiz for?
NeoBiz targets non-POA companies with annual turnover up to AED 10 million, with online and mobile banking, a free-for-life debit card and a business cheque book.
Source: mashreq.com · verified
Which currencies does NeoBiz support?
All major currencies are supported, including AED, EUR, CAD, USD, GBP, AUD, NZD, JPY and SAR.
Source: mashreq.com · verified
Frequently asked questions
Is Mashreq NeoBiz Lite worth it for free-zone companies?
Yes — Mashreq NeoBiz Lite onboards free-zone entities on its published criteria.
Is Mashreq NeoBiz Lite worth it for founders outside the UAE?
Yes — Mashreq NeoBiz Lite onboards fully remotely — no branch visit required.