Mashreq Bank Small Fraud in Big Volumes
Mashreq Bank has find another way of making money to cover Loss at RealEstate Loan at Dubai. They suddenly converted minimum balance on Saving Account from Qr 1000/- to Qr 5000/-. Bank only send 20% of the account holder the Intimation about this change.
Without saying or waraning they started deduction Qr 30/- monthly. They deducted quarterly basis so customer got deduction of Qr 90-120/- straight way with knowing.
When we go to complain about the same to Mashreq Bank they show excuse that may be Letter didnt came to you very casually.. but actually they havent send it.
Mashreq bank keep sms & call for useless promotion & Credit card but never told Customer for 4 month about this change.
More tha 10 Million Customer mainly Expatriates 80% of them maintain Qr 5000/- monthly..
8 Million x 120 Qr = 960 Million Qr Fraud...
Better Close your Saving Account from mashreq or shift to another bank...
Non of the customer will fight or have time to claim for Qr 120/-..
& moreover then want to Enjoy 5000 Qr x 10 Million Deposit without paying 4% Interest...
I completely agree with you.
I m one of the victims in Abu Dhabi, Don't trust them.
This bank is not less then a thief. Everyday they are looking for new ways how to take money from you. no matter right way or wrong.
as far I know, savings account you need to maintain 1000QR and for current account is 5000QR.
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-= This is absurd. This is absurd =-
I was at Dubai till mid 2005 till that time it was not that way Stealth..
Millionair deposit quantities have nothing to do with Saving Account balance here they asking Balance in your account...
Other way i am having Current Account & Saving Account & Mashreq millionaire all togather much more than 5000 still they deducted 120 Qr just it was not in Saving account.
UAE the minimum balance has been 5000 or more for more than 3-4 years.
Doha, most of the customers may be millionaire deposit holders
10 Million customer including UAE, Qatar, kuwait & Bahrain....
Please forward as many people as possible