Al Hilal Bank Current Account

Bank Accounts in the UAE

Al Hilal Bank, one of the premier banking institutions in the UAE, has solidified its reputation by offering an array of versatile and tailored banking solutions that cater to the diverse financial requirements of the UAE market. Reflective of this commitment to customer-centric banking is the Al Hilal Bank Current Account – a financial product meticulously designed to serve the banking needs of individuals with a high frequency of transactions. 

As one of the many financial solutions offered by Al Hilal Bank, the Current Account comes packed with unique features and exceptional benefits, engineered to provide maximum convenience and flexibility to its customers.

Features and Benefits of Al Hilal Current Account

The Al Hilal Bank Current Account comes with an array of impressive features to offer the utmost convenience and flexibility to its customers. Here are some of its key aspects:

  • Compliance with Shariah: This account is fundamentally based on the principles of Islamic banking, ensuring that all transactions and investments are in strict accordance with the ethical guidelines of Shariah law.
  • Unrestricted Balance Requirements: The account does away with any minimum balance stipulations, thereby functioning as a zero-balance account. This gives account holders the freedom to open and operate the account without the stress of maintaining any minimum balance.
  • MasterCard Debit Card: As part of the account's benefits, users are provided with a MasterCard Debit Card, which is available in both virtual and tangible forms, enhancing their accessibility and convenience for transactions.
  • Cheque Book Facility (Undergoing Implementation): The bank is in the process of introducing a chequebook facility to this account for an added layer of convenience to conduct payments and transactions via cheques.
  • Cash Withdrawals: The bank provides the privilege of fee-free cash withdrawals at ADCB ATMs, which guarantees quick and easy access to funds anytime, anywhere.
  • The Convenience of a Single Debit Card: This feature allows account holders to transition smoothly between accounts using just one debit card, thereby streamlining the management of multiple accounts.
  • No Bank Charges: Al Hilal Bank Current Account holders enjoy the benefit of zero charges for both local and international transfers, making it a cost-effective solution for managing and transferring funds.
  • Complimentary e-Statements: Customers are offered complimentary electronic statements to efficiently and conveniently maintain a digital record of their account activities.
  • Flexibility with Balance Requirements: The absence of any minimum or average balance obligations provides account holders with the flexibility to manage their funds as per their convenience and financial plans.
  • Seamless Onboarding with UAE PASS: Al Hilal Bank is leveraging technology to simplify the account opening process. It offers a seamless onboarding experience through UAE PASS, a secure, national digital identity, and signature solution for the UAE. 

Al Hilal Debit Card

Eligibility Criteria for Al Hilal Current Account

Given below are the eligibility criteria for Al Hilal Bank current account – 

  • Age Requirement: Individuals who are 21 years or older are eligible to open an Al Hilal Bank Current Account. This ensures that the account is tailored to meet the financial needs of adults who are actively engaged in various transactions and business activities.
  • Minimum Average Balance to Earn Profit: Unlike the Al Hilal Savings Account, the Al Hilal Bank Current Account does not have a minimum average balance requirement to earn profit. This provides customers with greater flexibility in managing their funds without the obligation of maintaining a specific balance to enjoy the benefits.
  • Minimum Balance Requirement: The Al Hilal Bank Current Account does not impose any minimum balance requirement. This eliminates the need for customers to maintain a specific minimum balance in the account, allowing for more freedom in managing their finances.
  • Eligibility for UAE/GCC Nationals: Both UAE and GCC nationals can open an Al Hilal Bank Current Account. This inclusivity ensures that individuals from the UAE and other Gulf Cooperation Council (GCC) countries can access and utilise the account's features and benefits.
  • Residency with Valid EID: Residents in the UAE with a valid Emirates ID (EID) can qualify for an Al Hilal Bank Current Account. This requirement ensures that individuals who have established their residency in the country and possess the necessary identification can avail themselves of the account's services and facilities.

Documents Required for Al Hilal Bank Current Account

You may need to keep the following documents ready to open an Al Hilal Bank current account. Keep in mind that the bank might require additional documents as per the applicant to speed up the process – 

  • Filled out the application form with accurate details
  • A valid passport and its copy
  • Original Emirates ID 
  • Residence visa (for non-GCC nationals)
  • Proof of address
  • Salary certificate or income proof
  • Bank statements

How to Apply for Al Hilal Bank Current Account?

To conveniently apply for an Al Hilal Bank current account, you can use the online platform Policybazaar UAE, which offers a multitude of benefits and features as well. This platform makes the application process seamless by providing an easy user interface, and allows you to apply for the account with just a single click. 

By following the steps below, you can initiate the application process:

  • Visit the Official Website of Policybazaar UAE: Open your preferred web browser and navigate to the official website of Policybazaar UAE (policybazaar.ae).
  • Go to the Bank Accounts Section: Once you are on Policybazaar.ae, locate and click on the "Bank Accounts" section. This will direct you to a page specifically dedicated to various bank accounts available for comparison and application.
  • Fill out the Lead Form: On the bank accounts page, you will find a lead form that needs to be filled out. Fill it out with the specified details such as your name, contact details, and any specific preferences you have for the Al Hilal Bank current account.
  • Filter the Results and Apply for the Account: After filling out the lead form, you will be presented with a list of results that match your preferences. You can use filters to narrow down the options and find the Al Hilal Bank current account that suits your needs. Once you have selected the account, click on the "Apply Now" button to proceed with the application.
  • Access Features, Benefits, and Additional Information: Policybazaar UAE provides a comprehensive overview of the features, benefits, and other essential details of the Al Hilal Bank account. Take time to review this information to make sure that you have a clear understanding of what the account offers and how it aligns with your banking requirements.


Open Al Hilal Bank Account

The advantages of applying for an Al Hilal Bank Current Account via Policybazaar UAE are as follows - 

  • Easy Comparison: Policybazaar.ae allows you to compare different current account options available in the market, making it easier to assess the features, benefits, and terms offered by Al Hilal Bank and other banks. This empowers you to make an informed decision based on your specific preferences.
  • Round-the-Clock Customer Service: We provide round-the-clock customer service support so that you can seek assistance and get your queries addressed at any time throughout the application process.
  • Expert Advice: The platform offers expert advice from knowledgeable professionals who can guide you in choosing the most suitable bank account based on your financial requirements and objectives.
  • Offers and Discounts: Policybazaar.ae provides exclusive offers and discounts on certain financial products. These special deals can add value to your banking experience and potentially save you money.
  • User-Friendly Interface: Policybazaar UAE website is designed with a user-friendly interface, making it quite easy for individuals to navigate the platform, compare accounts, and complete the application process seamlessly.

Frequently Asked Questions (FAQs)

Is the Al Hilal Bank Current Account Shariah-compliant?

Yes, the Al Hilal Bank Current Account is Shariah-compliant. It operates in accordance with the principles of Islamic banking, ensuring that all transactions and investments adhere to the ethical guidelines of Shariah law.

Is there a minimum balance requirement for the Al Hilal Bank Current Account?

No, there is no minimum balance requirement for the Al Hilal Bank Current Account. You can open and operate the account without needing to maintain a specific minimum balance.

What are the benefits of the MasterCard Debit Card provided with the Al Hilal Bank current account?

Account holders receive a MasterCard Debit Card with their Al Hilal Bank Current Account. This card, available in both virtual and physical forms, offers convenient access to funds.

Does the Al Hilal Bank Current Account offer a chequebook facility?

Yes, the Al Hilal Bank Current Account is in the process of introducing a chequebook facility. This feature will allow account holders to make payments and transactions through cheques, thus providing an additional layer of convenience to their banking experience.

Are there any fees for cash withdrawals from ADCB ATMs?

No, Al Hilal Bank Current Account holders can enjoy cash withdrawals at ADCB ATMs without any fees. This way, they can have easy access to funds without incurring any additional charges.

Can I manage multiple accounts with a single debit card?

Yes, the Al Hilal Bank Current Account offers the convenience of a single debit card, allowing account holders to seamlessly manage multiple accounts. This feature simplifies the banking experience and eliminates the need for separate cards for each account.

Are there any charges for local and international transfers?

No, there are no bank charges for both local and international transfers conducted through the Al Hilal Bank Current Account. This makes it a cost-effective solution for managing and transferring funds locally and internationally.

Reviews & Ratings

4.6 / 5 (based on   13,000 +google icon reviews)
More From Bank Accounts
Recents ArticlesPopular Articles