In today’s fast-paced world, convenience is key when it comes to managing your finances. That’s where Mbank comes in. Mbank is a modern banking institution that offers a wide range of services to help you take control of your money and achieve your financial goals.
Some Facts about Mbank (Al Maryah Community Bank)
- A physical Debit Card is available;
- Virtual Debit Card is available;
- The first digital and community bank in the UAE;
- Contactless Payments through Samsung Pay by attaching the Master Card;
- No minimum balance requirement or average balances;
- No initial deposit is required to open an account;
- Virtual Card can be instantly activated for online purchases and linked to E-wallets like Apple, Samsung, or Google Pay;
- The first FREE fully integrated digital business account;
- No minimum salary required for personal account opening;
- International Bank transfers are not available;
- Suitable for Abu Dhabi Golden Visa application;
- Minimum 15 000 salary required for personal loans and overdraft requests;
- Currency AED only!
Types of Accounts Available in Mbank
- Personal Savings Account;
- Personal Current Account;
- Gold Personal Current account;
- Business Account;
- Abu Dhabi Golden Visa Holders Account;
- Eyalna – Minors Savings Account for children under 18;
- Raha – solution to consolidate your debts and loans.
Mbank Personal Account Document Requirements
- UAE Pass Access or your valid Emirates ID.
Facilities Available for Personal Account Customers
- Overdrafts;
- Personal Loans;
- 3 Free cash withdrawals per month from any Switch ATM in the UAE;
- First 3 Cheque books for free if you transfer your salary to your Mbank account;
- Exclusive discounts and offers;
- IPO investments.
Mbank Business Account Opening Document Requirements
- Valid Trade License;
- Memorandum of Association (MOA) and amendments, if applicable;
- Certificate of Incorporation;
- Board Resolution;
- Shareholders’ Emirates IDs and Passport Copies;
- Proof of Address;
- Bank Statements, etc.
Facilities Available for Business Account Customers
- Overdrafts;
- Business Loans;
- Free WPS (Wage Protection System);
- Fund Transfer facilities;
- Trade Finance Facilities: Letter of Guarantees, Letter of Credit, Document Collection.
Al Maryah Community Bank (Mbank) Branches
- Multi-Function Kiosks (MFKs) located in Mall of Emirates, Dubai;
- AI technology-based Smart Hub at ADNOC Headquarters in Abu Dhabi;
- Head Office on 454 Shakhbout Street in Abu Dhabi;
- Full-service branch is located in Al Mushrif, Abu Dhabi.
Overall, Mbank offers a modern banking experience that is convenient, secure, and tailored to your needs. Whether you’re a UAE business owner looking for easy access to your accounts or a savvy saver looking for competitive interest rates, Mbank has something for everyone. Visit their website or stop by a branch today to learn more about how Mbank can help you achieve your financial goals.
