Al Hilal Bank Saving Account
Al Hilal Savings Account helps the customer save money with convenience. The Savings Account is designed specifically for customers who want to save money through the maintenance of a nominal balance.
The Al Hilal Savings Account depends on the Mudarabah.
Al Hilal Saving Account - Features & Benefits
The features and benefits of the Al Hilal Savings Account include:
- Sharia Compliant
- Chance to win AED 1 million per month
- The facility of recognizing thumb impression
- No fee for failing to maintain the minimum monthly balance
- Availability of the Savings account in major currencies
- The Account number is personalized
- Personalized Shopping card is free
- Monthly E-Statements are free
- Distribution of the profit every month
- Automated 24x7 banking services
- Online, SMS and Phone banking available
Eligibility Criteria to Open an Al Hilal Savings Account
To open a Savings Account with the Al Hilal Bank, the customer must be a resident of the UAE.
How to Open an Al Hilal Savings Account in the UAE
To open an Al Hilal Savings Account, the applicant should visit the nearest branch of the bank.
How to Close an Al Hilal Savings Account in the UAE
To close a Savings Account, the applicant should visit the nearest branch of the bank and submit a letter.
Al Hilal Savings Account - FAQs
Q.1 What are the rewards with the Al Hilal Savings Account?
Ans: The rewards with the Al Hilal Savings Account is a chance to win AED 1 million and AED 1000.
Q.2 How many people have a chance of earning AED 1000 every month?
Ans: Every month, 20 customers have a chance of winning AED 1000.
Q.3 What are the eligibility requirements to have a chance of winning AED 1 million?
Ans: The eligibility requirements to qualify for the prize draw of 1 million AED are as follows:
- Must maintain AED 5000 as the monthly balance
- Salary Transfer required
- Additional AED 5000 will result in an additional number of chances for the lucky draw
Q.4 What is the minimum amount that I need to open a Savings Account with the Al Hilal Bank?
Ans: You will need to open the Al Hilal Savings Bank with AED 3000.
Q.5 What is the amount that I need to maintain with the Al Hilal Savings Account to earn a profit?
Ans: To start earning a profit, you will have to maintain a balance of AED 5000 per month.
Q.6 In which currencies is the Al Hilal Savings Account available?
Ans: The Al Hilal Savings Accounts are available in USD, SAR, AED, GBP, CAD, and EUR.
Q.7 What is the limit on daily withdrawals of cash from ATMs or CCDM?
Ans: You can withdraw up to AED 10,000 per day from ATMs or CCDM.
Q.8 What is the limit on daily transactions with POS?
Ans: The daily limit on POS transactions are capped at AED 25,000.
Q.9 If I make any foreign currency transactions out of the UAE using my Savings Account, will I be charged?
Ans: Yes, for any foreign currency transaction anywhere in the world, will be charged with 2% of the transaction.
Q.10 What is the charge of statements?
Ans: With Al Hilal Savings Account, the e-statements are free. However, there is a fee of AED 25 for Account statements. The fee is charged as per the cycle of the statements.
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