Your Wakala Convenience Account offers profit rates of up to 1.50% per annum and the profit is credited to your account monthly. You can also make an unlimited number of withdrawals whenever you like.
Instant account opening
It’s easy to start saving with the Wakala Convenience Account because you can instantly set-up your account.
24/7 access to your funds
Access your savings anytime, anywhere by using Mashreq Online and Mashreq Mobile.
Higher profit & greater saving
The Wakala Convenience Account is the perfect saving solution to earn higher profit. It calculates profit on the daily balance in your account and credits it on a monthly basis to your account allowing you to save even more effectively.
Existing Mashreq customers can open a Wakala Convenience Account through Mashreq Online/Mashreq Mobile
It’s easy for Mashreq Customers.
Minimum balance & maximum saving
Start saving today. Simply maintain a balance of AED 3,000 (min) and enjoy profit on a monthly basis.
Simple & Easy
No paperwork to open the account!. Enjoy unlimited transfers and debit card withdrawals with no loss of profit.
Enjoy a free Debit Card
The Wakala Convenience Account gives you the flexibility to access your savings easily via your complimentary Debit Card.
Save in Dirhams
The Wakala Convenience Account is available in Dirhams. Click here for profit rates.
Minimum monthly income
Mashreq Al Islami Account
Customers who already hold an active Current or Savings Account with Mashreq Al Islami.
Must be 18 years old and above. A minor (below the age of 18) can apply along with a guardian.
You will need
Absolutely no paperwork! Simply open the account through Mashreq Online/Mashreq Mobile