Kids account

Digital Banking

For children (8-18 years)




Debit Card

Dedicated App Access

For Children

Eligibility Criteria

Parent should be an existing Mashreq customer
Kid should be between 8 and 18 years of age
Kid should have a valid Emirates ID

Open an account via the Mashreq Neo or Mashreq UAE App

Giving children the convenience of Neo NXT Account is simple. Parents can simply log in to their Mashreq UAE or Mashreq Neo App and click on the ‘Open Neo NXT Account’ button to open a Neo NXT account within 5 minutes.
Secure banking for children

They can now learn all about banking and money management, in a safe & secure environment. Their account will be linked to the parent’s, ensuring that the parent stays on top of the child's transactions & receives the OTPs

Parents can set monthly allowance

Parents can easily schedule a recurring allowance for their kids in just a few taps and transfer money easily to their account without having to visit the ATM for cash.

Kids can learn how to smartly manage money

They can keep a tab on their expenses, save towards their goals, complete challenges set by parents to get more allowance, using Neo NXT.

Enjoy the Neo NXT Account for FREE

Neo NXT comes with no additional fee or hidden charges. What’s more, the Debit Card is free of charge.

Ready to open a Neo NXT account?

I am a Parent

Please choose which type of Mashreq customer you are

I am a Teenager

Let your parents know about Neo NXT and get a cool way to save, spend & manage money

Tell your parents now

Still got questions?

Neo NXT allows UAE teens to manage their money independently, while offering their parents visibility on their teens’ expenses. With a Neo NXT account, the teenager gets their own Neo NXT Debit Card, and can also access the Mashreq Neo app through their own login credentials. The teen will be able to request money, send money, save towards goals, complete challenges and more through the Neo app. When the parent logs in to their Neo account, they will be able to see details of the Neo NXT account created by them. Through this, parents will be able to set a monthly/weekly allowance, set controls on how their teen can spend, view the transactions carried out by the teen, receive OTP for all online transactions & money transfers, and set challenges for their teens to earn extra allowance.
The Neo NXT account is accessible from the Neo app. During the application process, the teenager is required to set up their login ID & password. The teen can use these details to log in to the app & access his/her NXT account. The Neo app has been completely customized for Neo NXT account holders, to offer a tailored experience for teenagers.
There is absolutely no fee linked to the Neo NXT account.
To ensure a safe & secure banking experience for teenagers, we have put restrictions on certain transactions: • Monthly limit on money transfers (to Mashreq accounts): AED 5,000 • Monthly limit on money transfers (to non-Mashreq accounts): AED 5,000 • Monthly limit on online debit card spending: AED 5,000 • Monthly limit on offline debit card spending: AED 5,000 • Monthly limit on ATM Cash withdrawal: AED 5,000 Parents can also go to their teen’s account profile, and click on Control Debit Card Usage to further decrease the limits on debit card, enable/disable merchants, etc. Cash deposits are strictly disabled for Neo NXT accounts. However, teens can withdraw cash using their Neo NXT account.
Neo NXT is available via the Mashreq Neo app (Android / iOS / Huawei). It is not available on Mashreq Neo online banking.
A parent can apply for up to 5 Neo NXT accounts. All the Neo NXT accounts that you apply for, from your Neo account, will be visible through your Neo app.
While the parent receives transaction alerts & OTPs for all online transactions/money transfers, parents should also share their teen’s mobile number at the time of opening the account. This is important, as we will be sending periodic notifications, to your teens, that will enable them to bank securely, manage money smartly, etc.

Download Mashreq’s Mobile App

Did you find the information you were looking for on this page?