Complete list of Mashreq Service Charges for the Personal section

Service Charges

Credit Cards

Fee Type Classic Titanium Platinum
Primary Card Annual Fee EGP 75 EGP 250 EGP 450
Supplementary Card Annual Fee EGP 50 EGP 100 EGP 250
Minimum Payment At least 5% of the outstanding balance with a minimum amount of EGP 50. At least 5% of the outstanding balance with a minimum amount of EGP 50. At least 5% of the outstanding balance with a minimum amount of EGP 50.
Interest Calculation Method Daily closing balance Daily closing balance Daily closing balance
Retail Interest Rate 1.99% per month 1.99% per month 1.99% per month
Cash Advance Interest Rate 2.25% per month 2.25% per month 2.25% per month
Cash Advance Fee (% of withdrawal amount) 2.5% or EGP 25, whichever is higher 2.5% or EGP 25, whichever is higher 2.5% or EGP 25, whichever is higher
Credit Shield Charged per month at 0.60% of outstanding Charged per month at 0.60% of outstanding Charged per month at 0.60% of outstanding
Late Payment Fee EGP 50 in any month that the payment is late, or not made, or is less than the minimum amount due EGP 50 in any month that the payment is late, or not made, or is less than the minimum amount due EGP 50 in any month that the payment is late, or not made, or is less than the minimum amount due
Overlimit Fee EGP 50 whenever you exceed the credit limit EGP 50 whenever you exceed the credit limit EGP 50 whenever you exceed the credit limit
Returned Cheque Fee EGP 100 EGP 100 EGP 100
Currency Conversion Fee ~2.85% ~2.85% ~2.85%
Grace Period – Retail Purchases Up to 55 days on new retail purchases – minimum of 25 days on new retail purchase between statement and payment due dates if there is no rollover or starting balance. Up to 55 days on new retail purchases – minimum of 25 days on new retail purchase between statement and payment due dates if there is no rollover or starting balance. Up to 55 days on new retail purchases – minimum of 25 days on new retail purchase between statement and payment due dates if there is no rollover or starting balance.
Grace Period - Cash Advances None None None
Card replacement fees EGP 50 EGP 100 EGP 200
Balance Transfer processing fees per request EGP 2.5% EGP 2.5% EGP 2.5%
0% EPP 3 months processing fees EGP 2.5% EGP 2.5% EGP 2.5%
0% EPP 6 months processing fees EGP 1.5% EGP 1.5% EGP 1.5%
Statement Reprint Charges EGP 15 per statement EGP 15 per statement EGP 15 per statement
PIN regeneration fees EGP 20 EGP 20 EGP 20
Priority Pass Annual Fee (Only for Platinum Cardmembers) NA NA Complimentary
Priority Pass Lounge Usage (Only for Platinum Cardmembers) NA NA First visit free
Subsequent visit - US$27 per visit per person

Accounts

  Basic Current Account Current Account Plus Basic Saving Account Easy Saver Account Step up Saving Account
Currency All Major currencies  All Major currencies  All Major currencies  EGP EGP
Account Opening Fees EGP 20 EGP 20 EGP 20 EGP 20 EGP 20
Initial Deposit EGP 2000 & FCYs 1000 EGP 5000 & FCYs 2000 EGP 1000 & FCYs 500 EGP 100 EGP 4000
Minimum Balance Required EGP 2000 & FCYs 1000 EGP 5000 & FCYs 2000 EGP 1000 & FCYs 500 N/A EGP 4000
Fall Below Fee (FBF) EGP 20 EGP 20 EGP 20 N/A EGP 20
 
Number of Free Transactions All transactions  free All transactions  free All transactions  free All transactions  free All transactions  free
 
Cheque Book Issuance Fee EGP 2 per Cheque Leaf EGP 2 per Cheque Leaf N/A N/A N/A
 
Debit Card Issuance / Annual Fee EGP 35 EGP 35 EGP 35 N/A EGP 35
Debit  Card Replacement Fee EGP 35 EGP 35 EGP 35 EGP 35
 
Statement Regeneration EGP 10 for 6 months EGP 10 for 6 months EGP 10 for 6 months EGP 10 for 6 months EGP 10 for 6 months
EGP 20 for more than 6 months EGP 20 for more than 6 months EGP 20 for more than 6 months EGP 20 for more than 6 months EGP 20 for more than 6 months
 
Service Charges (Quarterly) EGP 40 EGP 40 EGP 40 EGP 40 EGP 40
Interest Paid No interest Quarterly Semi Annually Monthly Quarterly

Deposits

  Fixed Deposit Un-fixed Deposit Advanced Deposit Fixed time Deposit with
frequent interest payment
Currency All Major currencies  EGP & USD EGP EGP
Minimum Deposit EGP 10,000 & FCYs 2000 EGP 10,000 & USD 2000 EGP 10,000 EGP 10,000
Maximum Deposit No Maximum No Maximum No Maximum No Maximum
Tenor 1 Week : 1 Year 6 Months & 1 Year 6 Months & 1 Year 6 Months : 3 Years
Premature Withdrawal Rate 2 % less applicable rate for the actual tenor 2 % less applicable rate for the actual tenor 2 % less applicable rate for the actual tenor 2 % less applicable rate for the actual tenor
Partial Withdrawal Not Allowed Allowed in units of EGP 1000 & USD 250 Not Allowed Not Allowed
Overdraft Against Deposit Up to 95% of Deposit Up to 95% of Deposit Up to 95% of Deposit Up to 95% of Deposit

Certificates of Deposit

Currency EGP
Minimum Deposit EGP 5,000
Maximum Deposit No Maximum
Tenor 3 Years - 5 Years
Face value  Multiplies of EGP 1,000
Interest Paid Monthly - Quarterly - Semi Annually - Annually
Partial Withdrawal Not Allowed
Overdraft Against Deposit Up to 95% of Deposit

Loans

Loans Auto Loans Personal Loans Overdrafts
with salary transfer  without salary transfer  Secured  ROD SOD
Processing/Commission Fees Up to 2% - Min EGP 1000 and No Max cap 1% - Min EGP 300 & Max EGP 5,000 1.5% - Min EGP 500 & No maximum cap 1% - Min EGP 300 & Max EGP 5,000 0.1% HDBC on monthly basis 0.1% HDBC on monthly basis
Insurance fee Not applicable 1% from the loan amount* 1% from the loan amount* Not applicable Not applicable Not applicable
Early settlement fees 3% of outstanding amount 3% of outstanding amount 3% of outstanding amount 3% of outstanding amount N/A N/A
Partial Settlement Fees 3% of partially paid amount 3% of partially paid amount 3% of partially paid amount 3% of partially paid amount N/A N/A
Late Payment Fees  EGP 50 per installment EGP 50 per installment EGP 50 per installment EGP 50 per installment N/A N/A

Others fees

Outgoing Transfers In EGP 0.2% - EGP 10 Transfer charges  -  Max. EGP 300 & Min. EGP 10
Outgoing Transfers In FCYs 0.3% - USD 25 Transfer charges  -  Max. USD 100 & Min. USD 10
Inward Transfers In EGP 0.1% - Max. EGP 50 & Min. EGP 5
Inward Transfers In FCYs 0.1% - Max. USD 10 & Min. USD 2
Certified Cheques 0.2% - Max. EGP 300 & Min. EGP 10
Demand draft in EGP  0.2% - Max. EGP 200 & Min. EGP 20
Demand draft in FCY 0.3% - Max. USD 100 & Min. USD 5
Cheque Stop Payment EGP 50 per cheque
External Signature Verification EGP 20 per stamp
Standing instruction processing fees EGP 20
Certificates EGP 50
Account Closure Fees Free
Cash Withdrawal charges (less than EGP 5000) *N/A for easy saver accounts EGP 5 

Collections

Clearing Cheque EGP 10
Out Clearing Cheque 0.3%  -  Max. EGP 350 & Min. EGP 10
Bills 0.3%  -  Max. EGP 350 & Min. EGP 10
Cheque Returned Unpaid EGP 20
Cheque Returned Unpaid Presented Out Clearing EGP 20
Collection Chuque (FCY) 0.3%  -  Max. USD 100 & Min. USD 10
Withdrawal of Post Dated Cheque EGP 20