Bank Accounts in the UAE
Al Hilal Bank, a renowned financial institution, has established itself as a trusted and innovative player in the banking industry. With a strong commitment to Shariah-compliant banking, Al Hilal Bank offers a wide range of services designed to meet the diverse needs of its customers.
One of the standout offerings from Al Hilal Bank is its Savings Account. This account provides individuals with a secure and convenient way to save their hard-earned money while earning competitive profits in accordance with Islamic principles. With attractive profit rates, flexible withdrawal options, and a user-friendly digital platform, the Al Hilal Bank Savings Account ensures a seamless banking experience for its customers.
Listed below are the features and benefits of the Al Hilal Bank Savings Account in the UAE -
Listed below are the key eligibility criteria to apply for the Al Hilal Bank Savings Account -
Have a look at the list below for the documents required to apply for this savings account in the UAE -
Here are the ways to apply for an Al Hilal Bank Savings Account -
You can experience the convenience of opening an Al Hilal Bank Savings Account through Policybazaar.ae. As a trusted third-party aggregator (TPA) portal, we empower you to compare and select the best bank accounts from leading institutions in the country. Our user-friendly online platform ensures a seamless process.
To apply for an Al Hilal Savings Account, simply visit our homepage and click on the ‘Bank Accounts’ tab or select it from the ‘Banking Products’ tab in the menu bar. You will be guided to a lead form where you can provide accurate information. Also, ensure that you have selected a Savings Account as the account type. Once completed, click on the ‘View Quotes’ tab.
You can then discover the exceptional features and benefits of the Al Hilal Bank Savings Account on our Al Hilal bank account quotes page. When you are ready, just click the ‘Apply Now’ tab and follow the straightforward instructions to complete your application. This way, you can enjoy a hassle-free journey towards financial growth with Al Hilal Bank and Policybazaar.ae.
To open an Al Hilal Bank Savings Account, you can contact the bank from anywhere at its 24/7 number - 600 522 229. Once connected, a bank executive will guide you through the process thereon.
The following table specifies the charges applied to the Al Hilal Bank savings account -
|Minimum Balance Required Per Month||N/A|
|Monthly Fall-Below Fee||Free|
|Minimum Account Balance Required to be Eligible for Profit||AED 5,000|
|Daily Cash Withdrawal Cap (ATM/CCDM)||AED 10,000|
|Daily POS Transaction Limit||AED 25,000|
|Debit Card Issuance Charges||Free|
|Requesting Replacement Debit Card||AED 26.25|
|Fee for Issuing a Copy of Sales Slip||AED 26.25|
|International Transaction in Foreign Currency||2.001%|
|Charges for Using Switch and ATM of a Non-Al Hilal Bank within the UAE||AED 2.10|
|Charges for Using Switch and ATM of a Non-Al Hilal Bank in the GCC Region||AED 6.3|
|Charges for Using Switch and ATM of a Non-Al Hilal Bank outside the GCC Region||AED 15.75|
|Charges for Making Balance Enquiry at a Non-Al Hilal Bank ATM or Switch||AED 1.05|
|ATM Transaction Charges at a Non-Al Hilal Bank ATM||AED 31.5|
|Cheque Book Issuance Charges||N/A|
|Consolidated e-Statements||Monthly Free|
|Paper Statement Charges||AED 26.25 per cycle|
|Fee for One-time Standing Instruction Setup||AED 52.5|
|Charges for One-time Sweep Setup||AED 52.5|
|Charges for Cancelling/Amending Standing Instruction||AED 52.5|
|Fees for Cancelling/Amending Sweep||AED 52.5|
|Charges for Standing Instructions (Account to Account - within Al Hilal Bank)||Free|
|Fees for Standing Instructions (per transaction) Local Currency within the UAE (via SWIFT)||Free|
|Fees for Standing Instructions (per transaction) Foreign Currency within the UAE, GCC, and Other Countries (via SWIFT)||AED 36.75|
|Fee for Holding Insufficient Funds for Standing Order||Free|
|Fee for Holding Insufficient Funds for Sweep||Free|
|Liability Letter Issuance Charges||AED 63|
|No Liability Certificate Issuance Charges||AED 63|
|Issuance of Release Letter||Free|
|Demand Draft Issuance Charges||AED 31.50|
|Manager’s Cheque Issuance Charges||AED 31.50|
|Demand Draft/ Manager’s Cheque Cancellation||AED 52.50|
|Special Clearing (per item)||AED 215.25|
|Cheque Deposited for Collection with the UAE||Free|
|Cheque Deposited for Collection Outside the UAE||AED 105 (per item)|
|Transaction Fee (Branch Counter)||6 Teller Transactions free per month; AED 10.5 for each additional transaction|
|Cheque or DD or Manager’s Cheque Stop||AED 52.5|
|Account Closure Charges||Free|
|Dormant Account Charges||Free|
|Charges for Requesting a Copy of Old Cheques/Documents in less than 1 year||AED 10.5|
|Charges for Requesting a Copy of Old Cheques/Documents of more than 1 year||AED 21.00|
Given below are the terms and conditions applied to the Al Hilal Bank Savings Account -
Al Hilal Savings Account is a zero-balance account, meaning that you do not have to maintain a minimum balance. However, if you wish to earn a profit, you would be required to maintain a minimum monthly balance of AED 5,000.
You need to meet the following criteria -
You can use ADCB ATMs to withdraw money from your Al Hilal Bank Savings Account for free.