Mashreq launches cross-border accounts for Egyptians in UAE

By Aarav Garg

Mashreq,  a UAE-based bank, has launched a fully digital account opening service for non-resident Egyptian customers in the UAE, allowing them to instantly open a Mashreq Egypt Account remotely via the Mashreq UAE mobile app.

This would require no paperwork or in-branch visits, and eligible customers holding an NEO, Gold or Private account with Mashreq UAE can now open an account in both Egyptian Pound and US Dollar.

Amr El Bahey, CEO of Mashreq Egypt, said, “This launch represents a transformative milestone in banking for Egyptians living in the UAE. By enabling seamless, fee-free account opening and transfers to Egypt, we are not only simplifying the lives of Egyptians abroad but also supporting a vital national priority to maximise remittance flows into the country. This initiative reflects Mashreq’s commitment to financial innovation and our role in empowering Egyptians to manage their finances smoothly across borders, wherever they are.”

The Mashreq Egypt Account is free for life and offers instant transfers via the Quick Remit service, as well as access to a unified global dashboard to view and manage both UAE and Egypt accounts using the Mashreq UAE mobile app. Customers also receive a complimentary debit card with some lifestyle perks across dining, entertainment, and travel.

Mohamed Talaat, Head of Retail Banking at Mashreq Egypt, said, “This service opens a new chapter of convenience and connectivity for Egyptians in the UAE. It’s not just about opening an account — it’s about giving customers the tools to manage their finances across borders in real time. We’re proud to offer a solution that reflects our understanding of their needs and enhances their banking experience.”