Mashreq bank an­nounces new re­mit­tance scheme

The Pak Banker - - Front Page -


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.

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