Mashreq launches online foreign currency account
DUBAI, September 11, 2015
Mashreq, a leading financial institution in UAE, is offering its customers an instant foreign currency account (FCY) for those who have a natural need to maintain foreign currencies like US dollar, euro, pounds and Australian dollar.
Customers can open the new account instantly without paper-based forms at no additional cost and will have full transactional capability, said a statement.
The FCY account will provide customers with complete digital experience, as it removes the hassle of additional account opening forms, it said.
With just online access, Mashreq customers will be granted full freedom to open and operate the Foreign Currency account with superb functionality.
The account will allow customers to transfer funds from any existing account to buy into the newly opened FCY denominated account.
It can also be used for inward or outward remittances and will be perfect for those who decide to diversify their currency holdings.
Tooran Asif, head of Personal Banking, Mashreq, said: "We understand our customers' needs for convenient banking services, and we know the hassle people go through with currency exchange and services. Mashreq is currently the first bank in the UAE to offer the new instant Foreign Currency Account facility to customers.
“This is yet another showcase that Mashreq is advancing rapidly and we are committed to creating innovative products and services that provide quick and reliable solutions.” - TradeArabia News Service
