Al Hilal Bank Zero Balance Account

The Seghaar savings account, presented by Al Hilal Bank, is fundamentally a zero balance account that offers numerous benefits to its customers. Keep reading this article to find out all the relevant details regarding how to open an Al Hilal zero balance account and the ways to access the account. In addition, other details such as eligibility criteria and documents required for opening this zero balance account in UAE are also mentioned.

Al Hilal Bank Zero Balance Account - An Overview

A zero balance account is fundamentally a bank account that does not have a requirement to maintain a minimum balance, unlike a regular savings bank account. Thus, if an individual chooses to keep such an account without any balance, the respective financial institution does not impose a fine. 

Having such a banking account in handy when there is an emergency. If a situation arises when you are required to pay a hefty amount, you will have the option of withdrawing the entire balance available in your zero balance account.   

Advantages of a Zero Balance Account

With a zero balance account in the UAE, an account holder can benefit from the following features -

• No need to maintain a bank account with a monthly balance
• No minimum salary criteria applicable generally 
• Option to open a zero balance account even if not having an account with the chosen bank
• No initial deposit usually required while opening the zero balance account

Features and Benefits of Al Hilal Bank Zero Balance Account

Al Hilal bank provides plenty of advantages to Seghaar account holders. Read out the points enlisted below to know them in detail -

• Available in AED (Dirham)
• Sharia Compliant
• Attractive monthly profits
• Thumb impression identification feature
• Zero minimum balance required
• Automated banking services available 24*7.
• E-statements for free
• Customisable account number
• Access to a free customised Visa debit card
• Access to online, SMS, and mobile banking for free

How to Open a Hilal Bank Zero Balance Account? 

An applicant can open a Hilal Bank zero balance account using any of the different ways discussed below -

Online Mode: Nowadays, most individuals prefer to complete bank-related tasks online owing to the ease of processes and greater flexibility. The same can be done for opening this type of Al Hilal savings account online using the Internet Banking facility of the bank -

Internet Banking

You can get started with internet banking for your zero balance account or Seghaar Savings account with Al Hilal Bank for free. You can visit the official website of Al Hilal Bank and create a new account. Given below are the steps for the same in detail:  

1. Open the ‘accounts’ section on the Al Hilal website and go to ‘current and savings accounts’.
2. Click on the ‘Apply Now’ option for the specific bank account after viewing all its salient features and terms.
3. Provide your details like name, email ID, contact number, Emirate of residence, monthly salary, and more.
4. Hit the submit button.
5. Complete the application by following the further steps as outlined in the on-screen prompted instructions.

Offline Banking

You can also use the traditional banking method to open the zero balance account by Al Hilal Bank using the following methods:

• Phone Banking

You can directly get in touch with the bank's customer support through the toll-free number. Once you inform your wish for the same, one of the representatives will assist you via call and get your Al Hilal bank zero balance account opened.  

• Visiting Branch

If you face any technical issues while opening a zero balance account or wish to connect with the bank in person, you can visit the nearest branch of Al Hilal Bank. Once you are at the branch, you can connect with a bank executive and seek information and the application form regarding the zero balance savings account. After filling it out and submitting it, you will be soon contacted by the bank for further procedure.

Eligibility Criteria for Opening an Al Hilal Bank Zero Balance Account? 

To open a Hilal Bank zero balance account, you must fulfil the following eligibility criteria as set by the bank: 

• The applicant must be a UAE national or UAE resident
• Individuals aged below 18 years of age are also eligible, although they will have to apply along with a guardian

List of Documents Required to Open a Hilal Bank Zero Balance Account 

When opening an Al Hilal bank zero balance account, make sure to carry the following documents -

• Valid Emirates ID
• Valid Passport
• Valid residence Visa (applicable for ex-pats)
• Proof of income or trade license
• Address proof (like a utility bill)

How to Access Al Hilal Bank Zero Balance Account?

Viewing your Hilal Bank zero balance account is now more convenient than before. The bank allows its customers to have access to their bank accounts online besides the usual options of visiting a branch or connecting with customer support. 

This section of the article lists all methods through which you can access your zero balance account -

Internet Banking: You can simply visit the official website of Al Hilal bank and login to your personal banking account by entering your user ID and password. Once you are logged into your account, you will be able to view your account details and complete any tasks related to your account with minimal effort. 

App Banking: Users can also download and install the official app of Al Hilal Bank to access their Seghaar account. If your online banking account is already in use, you can simply register your account using the internet banking credentials and access it on your mobile. This is an excellent option for individuals with smartphones who wish to have banking services available at their fingertips. 

With the Al Hilal smartphone app, you can get the following benefits -

• Pay bills with just one tap
• Instant fund transfers by providing IBAN
• Add the plastic cards to Google Pay and Apple Pay
• Easy access to account information

SMS Banking:  SMS banking falls under the category of offline banking. To obtain any information regarding your zero balance account at Al Hilal Bank, you can send a message to the bank and receive the required information quickly. 

Through SMS banking, you can enquire about your account balance, check the latest transactions, transfer funds, pay utility bills, and complete several other actions. 

Phone Banking: One can always have a consultation with one of the Al Hilal Bank representatives to get all the required information immediately. The representatives can be contacted via the toll-free number available on the website of the bank. 

Visiting the Nearest Branch: You can always find the nearest branch of Al Hilal Bank and get the required assistance from the customer support team or complete your account-related actions there. Whether you wish to make a deposit, transfer funds, check your bank statement, and so forth, you will be able to complete the tasks by connecting with a bank executive at the bank branch.

FAQs

Q1: Can the Al Hilal bank zero balance account be accessed through WhatsApp? 

Ans: No, you cannot access the Hilal Bank zero balance account via WhatsApp as the institution does not have the service of WhatsApp banking.  

Q2: What is the process to access the internet banking for Al Hilal Bank zero balance account? 

Ans: To login to your Al Hilal bank zero balance account, you can - 

Open the official website of the bank

Move to the e-banking section

Provide the required credentials (username and password) in the specified spaces

Submit the details to view your online bank account 

Q3: Is a minor eligible for opening a zero balance account at Al Hilal bank zero balance account? 

Ans: A minor is eligible to use a zero balance account with the Al Hilal Bank. However, the account will have to be opened by a parent/guardian.

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