Saving account in Mashreq Bank

qatarisun
By qatarisun

Simple question:
Is that SAFE to keep your money on Saving account in Mashreq Bank ?
I have got a SMS from them offering a quite good interest on any amount (no minimum) on their saving account.
Is it worth my peace of mind?

Yeah, and how about Doha Bank? Have just received the similar SMS from them…

The question is simple… how about the answers?

By ashwindoke• 1 Jun 2009 18:45
Rating: 3/5
ashwindoke

Ashfaq - There is no regulation for any industry in Qatar..

This thing has its pros and cons both.... :)

Gives Liberty but opens doors for exploitation too...

___________________________________________

Reality is a Illusion Caused Due to Deficiency of Alcohol

By Ashfaq• 1 Jun 2009 18:01
Rating: 3/5
Ashfaq

Doha Bank is a big bully its charging more interest rate from its customers than any other bank in Qatar. why does not the national bank have any restrictions on such overchargings here in Qatar.

By qatarisun• 1 Jun 2009 10:33
Rating: 4/5
qatarisun

thank you every_m..

*********************

“You become responsible forever for what you have tamed”. Antoine de Saint-Exupéry

By qatarisun• 1 Jun 2009 10:32
Rating: 5/5
qatarisun

FS, the Mashreq Bank is paying 5.25% and no minimum balance.. but i will consider Doha Bank as well...

*********************

“You become responsible forever for what you have tamed”. Antoine de Saint-Exupéry

By every_mothers_nightmare• 1 Jun 2009 10:31
Rating: 5/5
every_mothers_nightmare

Mashreq bank is a UAE based bank if im not mistaken i would suggest you not to go for that currently the UAE economy being not so good.

Aana free, jaana free,

Pakde gaye tho khana free.

By qatarisun• 1 Jun 2009 10:28
Rating: 4/5
qatarisun

yes, dmigtysolomon, why not? I am not asking to guarantee my money.. i am asking about the Mashreq Bank, how stable it is... maybe someone is workinng there and knows the situation from inside... why not?

for example, I wouldn't recommend to keep your money in some ceratin countries/banks, as it's totaly unsafe..But i have no clue about the Mashreq Bank, that's why i am asking..

*********************

“You become responsible forever for what you have tamed”. Antoine de Saint-Exupéry

By larissa99• 1 Jun 2009 10:25
Rating: 4/5
larissa99

well...rather I would go for Doha Bank...it seems more safe to me...

By Formatted Soul• 1 Jun 2009 10:19
Rating: 5/5
Formatted Soul

QS... Nothing is safe in this world hun! As long as it is controlled by Qatar Central Bank, its as safe as any other bank in Qatar.

Doha Bank is paying interest upfront on your savings account...for a minimum of QR. 50,000/- I think its 4%...you get 2000/- for a year in advance.

By every_mothers_nightmare• 1 Jun 2009 10:18
Rating: 5/5
every_mothers_nightmare

there is nothing called safe when it comes to banking.......dosen't matter which bank it is if they go bankrupt your money goes with it.

Aana free, jaana free,

Pakde gaye tho khana free.

By anonymous• 1 Jun 2009 10:13
anonymous

to guarantee your money? Lol!!!!

........tsk! tsk! tsk! Ganun pala nangyari sa miting ng mga Heneral!!!!!!

"Don't let a little dispute injure a great friendship"

By qatarisun• 1 Jun 2009 10:12
Rating: 4/5
qatarisun

yeah panda... your understanding of the Banking matter is impressing me.. :):)

*********************

“You become responsible forever for what you have tamed”. Antoine de Saint-Exupéry

By qatarisun• 1 Jun 2009 10:11
Rating: 5/5
qatarisun

again guys, i don't care who is good and who is bad.. I need to know whether they are SAFE, and will exist at least till I exist in Qatar...

*********************

“You become responsible forever for what you have tamed”. Antoine de Saint-Exupéry

By anonymous• 1 Jun 2009 10:05
anonymous

Mashreq and Doha Banks. And our salary is in HSBC. With all the negative things they say about almost all banks here, who cares?

........tsk! tsk! tsk! Ganun pala nangyari sa miting ng mga Heneral!!!!!!

"Don't let a little dispute injure a great friendship"

By panda• 1 Jun 2009 10:05
panda

QS give me your money I'll save it for but you have to give me 5% a month ^-^

By qatarisun• 1 Jun 2009 10:02
Rating: 5/5
qatarisun

actually I don't care about their services. I am not going to use them for anything but getting the interest on savings..

My question is: Is my money NOT going to disappear one day, along with the bank itself or something like that?...

:)

*********************

“You become responsible forever for what you have tamed”. Antoine de Saint-Exupéry

By panda• 1 Jun 2009 09:48
panda

I heard or read somewhere that the service of this bank is very very bad but I don't know about saving account.

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