April 7, 2026
Cairo, Egypt — In a groundbreaking development set to transform cross-border banking, Mashreq has become the first UAE-based bank to offer fully digital account opening for non-resident Egyptian customers.
This innovative solution enables Egyptian nationals residing in the UAE to open a Mashreq Egypt Account instantly through the Mashreq UAE mobile app — with no paperwork or branch visits required. Eligible customers holding a NEO, Gold, or Private account with Mashreq UAE can now open accounts in Egyptian Pounds (EGP), US Dollars (USD), or both in just a few simple steps.
Supporting Egypt’s Remittance Economy
Remittances play a crucial role in Egypt’s economy, reaching record levels following recent economic reforms. In 2025, inflows surged to USD 41.5 billion — a 40.5% year-on-year increase. Mashreq’s new digital solution aims to accelerate this trend by making it easier, faster, and fee-free for Egyptians in the UAE to send money home and manage their finances seamlessly across borders.
Convenience and Benefits for Customers
The Mashreq Egypt Account is designed for maximum convenience and comes with a range of powerful features:
- Fee-free for life: Customers can enjoy a free account with no maintenance charges.
- Quick Remit transfers: Free, instant transfers from Mashreq UAE accounts.
- Unified dashboard: Manage UAE and Egypt accounts via the Mashreq UAE mobile app.
- Complimentary debit card: With high withdrawal and spending limits.
- Lifestyle perks: Exclusive offers on dining, entertainment, and travel.
Leadership Perspective
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 simplifying the lives of Egyptians abroad while supporting a vital national priority to maximise remittance flows. This initiative reflects Mashreq’s commitment to financial innovation and empowers Egyptians to manage their finances smoothly across borders.”
Mohamed Talaat, Head of Retail Banking at Mashreq Egypt, added:
“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 enhances the banking experience for our customers.”
A New Era in Cross-Border Banking
The launch underscores Mashreq’s continued investment in digital innovation, delivering greater flexibility, value, and convenience for expatriate communities. By combining technology with customer-focused solutions, Mashreq is setting a new standard for seamless, cross-border banking services.
