How to Close Mashreq Neo Account Online?

Closing a bank account, whether due to changing circumstances or simply seeking a better fit, can feel like a daunting task.

However, with the right guidance, it can be a straightforward process. If you’re considering closing your Mashreq Neo account, you’re in the right place.

In this article, we’ll walk you through the steps to efficiently close your account online, ensuring you’re equipped with all the necessary information, from required documents to potential fees.

Whether you’re transitioning to a new bank or adjusting your financial portfolio, we’re here to simplify the process and help you navigate it seamlessly.

Steps to Close Mashreq Neo Account Through App

Step 1: Login to your Mashreq mobile app

Step 2: Tap on the account name you want to close (Please make sure that your account balance is zero before you proceed.

Step 3: Tap on “close account”

Step 4: Tap “Close my account”

Step 5: Select the reason to close your account (tip: You can simply choose account not needed option

and at last you will get a cofirmation that your account has been closed

Mashreq Neo Account Closure Fees

Before proceeding to close your Mashreq Neo account, it’s crucial to familiarize yourself with the associated charges. The bank imposes a standard closure fee of AED 100, which is deducted from your remaining account balance upon closure.

Additionally, take into consideration any outstanding dues or penalties linked to your account. These charges vary based on your account type and usage history.

Moreover, if you opt for account closure before fulfilling the minimum account tenure, an early closure fee may apply. This fee typically falls within the range of AED 100 to AED 500, contingent upon your specific account type.

To prevent unexpected financial implications, we strongly advise reviewing your account agreement thoroughly and consulting with a Mashreq Neo representative before initiating the closure process. This proactive approach ensures you grasp the entirety of fees and charges involved, empowering you to navigate the closure process with clarity and confidence.