Get up to AED 9,500

You need to transfer a monthly salary of at least AED 5,000 to your NEO Current Account to earn salary transfer cashback.

Send a letter to your HR to initiate transfer: • Login to Mashreq Mobile App > tap on ‘More’ • ‘Transfer your salary now’ > ‘Email my HR now’ • Enter ‘HR’s email ID’ > Send email using any email app on your device

The total salary cashback amount will be determined by the first salary deposited into your Mashreq NEO Account. It will be credited in 12 equal monthly instalments over a period of 12 months. The first instalment will be credited within 90 days from the date of the first eligible salary transfer and will continue monthly, subject to meeting the eligibility criteria outlined in the Terms & Conditions. Example: If your first salary deposit is AED 25,000, you will be eligible for a salary cashback of AED 1,000. This will be paid as AED 83.33 per month (AED 1,000 ÷ 12) for 12 months, with the first instalment credited within 90 days of receiving your salary.

A salary transfer will only be recognised by Mashreq if it is credited to the account by the Customer’s employer registered in UAE using the correct channel and method recognised by the bank. A remittance, direct transfer, cash or cheque credit transaction by the Employer will not be considered as a salary transfer transaction and will lose the eligibility of any benefits defined under this offer. An erroneous salary transfer description could also result in the non-payment of the cash joining benefit.

Yes, you will be eligible for salary cashback under Mashreq NEO if you decide to transfer your salary to Mashreq NEO Account and receive a continuous salary credit of AED 5,000 or more on a monthly basis in your Mashreq NEO Account.

If the salary transferred is below AED 5,000 in a month, the customer will not be eligible for cashback in that month. However, in the subsequent months, when salary transferred is above AED 5,000, he/she will become eligible and will continue to receive salary cashback, based on the first salary calculation.

If your salary increases you cannot claim a different cashback value during that month. Salary cashback is calculated based on your first salary transfer.

If salary is not transferred in a given month; the customer will not be eligible for cashback in that given month. However, during subsequent months, when salary is transferred (AED 5,000+) the Customer will continue earning cashback, based on the first salary calculation.

If salary is not transferred in the NEO Account for 2 months in a row, within 12 months of the first salary credit; all previous salary cashbacks will be clawed back and the salary cashback amount credited by the Bank shall be debited from the Customer’s account.

You have a maximum of 7 months from the first month of eligible salary transfer.