Mashreq · business account
Mashreq NeoBiz Prime
Same digital onboarding as Lite but fee-free when you hold a AED 50,000 monthly average balance — makes sense once cash flow stabilises.
Is Mashreq NeoBiz Prime worth it?
- free-zone companies: Mashreq NeoBiz Prime onboards free-zone entities on its published criteria.
- startups watching fixed cost: Mashreq NeoBiz Prime requires a AED 50,000 minimum balance — heavy for an early-stage company.
- founders outside the UAE: Mashreq NeoBiz Prime onboards fully remotely — no branch visit required.
Pricing
- Monthly fee
- AED 0
- Minimum balance
- AED 50,000
Eligibility
- Not suitable for
- businesses that cannot keep AED 50,000 parked — that locked balance is the price of the zero monthly fee. Very early free-zone companies on flexi desks may find onboarding heavier than digital-first banks
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.
Not for you if…
- You cannot hold the required AED 50,000 minimum balance.
No monthly fee requires maintaining AED 50,000 monthly average balance, else fall-below charges apply.
Verified answers
How much does Mashreq NeoBiz Prime cost?
NeoBiz Prime has no monthly fee when the monthly average balance is at least AED 50,000; below that a monthly charge applies per the schedule of charges.
Source: mashreq.com · verified
Frequently asked questions
Is Mashreq NeoBiz Prime worth it for free-zone companies?
Yes — Mashreq NeoBiz Prime onboards free-zone entities on its published criteria.
Is Mashreq NeoBiz Prime worth it for startups watching fixed cost?
No — Mashreq NeoBiz Prime requires a AED 50,000 minimum balance — heavy for an early-stage company.
Is Mashreq NeoBiz Prime worth it for founders outside the UAE?
Yes — Mashreq NeoBiz Prime onboards fully remotely — no branch visit required.