Mashreq bank announces new remittance scheme
Mashreq bank announced the launch of a unique insurance protection for remittances called ‘ Remit Shield’.
The service is set to benefit customers with additional coverage in case of unfortunate events. A convenient way to offer financial security to family, Mashreq customers can now look forward to remitting funds as well as securing their future. Under Mashreq ‘ Remit Shield’ the sender’s legal beneficiary will receive 12 times the total amount remitted in the last 30 days. With a maximum coverage of up to Dh100,000 customers can now be at ease. With no increase in fees, Remit Shield is a free of cost benefit. Customers are required to remit every month to become eligible. The key benefits include no service fee, competitive rates with no additional paperwork and most importantly the convenient channels to remit through MashreqOnline Banking, Mashreq Mobile and a branches network strategically located across the UAE.