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HSBC Current Account

HSBC offers 4 different types of Current Account. These accounts are HSBC Premier Current Account, HSBC Advance Current Account, HSBC Personal Banking, HSBC Flexi Account.

The HSBC Current Account is quite convenient to use.

With the HSBC Current Account, you can bank through Phone Banking, Online Banking, and Mobile Banking. Apart from that, the customers can also bank via Express Banking, SMS alerts and face to face Banking.

Features and Benefits of HSBC Current Account

The features and benefits of the HSBC Current Account are listed below:

TYPES OF HSBC CURRENT ACCOUNT FEATURES AND BENEFITS ELIGIBILITY REQUIREMENTS
HSBC PREMIER CURRENT ACCOUNT
  • Relationship Manager
  • Availability of a Current Account in Pound, Euro, USD and AED
  • Transferring money to India, Egypt, Philippines, and Pakistan is free
  • Internationally accepted Debit Card
  • Free trStanding Instructions, and Overdraft
  • Zero Monthly fee
  • Overdraft up to AED 15,000
  • Cashback of AED 2500 on new loans for home
  • Free Cheque Book
  • Phone Banking, SMS Alerts, and Online Banking are free
  • Maintain a minimum AED 350,000 in investments or deposits for monthly balance
  • Transfer of net income of AED 50,000 or above per month
  • For the beginning 2 years, the customer must have AED 3,000,000 or above for mortgage drawdown
HSBC ADVANCE CURRENT ACCOUNT
  • Free ATM withdrawals across the GCC and the UAE
  • Free transfer of funds internationally
  • Emergency cash is available up to AED 10,000 internationally
  • Opening of any international HSBC accounts offers discounts (50%) on the processing fee
  • Account available in GBP, USD, AED, AND EUR
  • Minimum salary transfer of AED 15,000 or more per month to any account of HSBC
  • Minimum monthly balance of AED 100,000 in investments or deposits
HSBC PERSONAL BANKING CURRENT ACCOUNT
  • Salary Transfer of 5000 AED or more has no fee for minimum balance
  • Credit cards with no annual fee
  • Cash withdrawal is free across the UAE
  • Money transfer to Pakistan, Egypt, Philippines, and India is free
  • One balance enquiry is free
  • Choice in account currencies between RMD, USD, AED, and GBP
  • Daily limit up to AED 8000 in cash withdrawals
  • International Debit Card is free (VISA)
  • Payments of the Utility bills through Phone Banking, and Online Banking
  • 24X7 Banking
  • Cheque Book is free
  • Not specified
HSBC FLEXI CURRENT ACCOUNT
  • Maintenance of the monthly balance is not required
  • Account balance of AED 50,000 or less earns an interest of 0.25% P.A.
  • Account balance in between AED 50,000 - AED 100,000 earns an interest of 0.50% P.A.
  • HSBC Visa Platinum Cashback Credit Card has no annual fee for the first year
  • Money transfer to Pakistan, Egypt, Philippines, and India is free
  • Online Account opens instantly
  • Cheque Book is free on request
  • Daily limit up to AED 8000 in cash withdrawals
  • 24X7 Banking
  • Not specified

Documents Required to Open an HSBC Current Account

The documents required to open a Current Account with the HSBC Bank is divided into two types- Sole Account and the Joint Account.

Sole Account holders and the Joint Account holders require the following documents:

  • Applicant’s passport
  • Residence Visa of the non-GCC customers
  • Emirates ID
  • UAE residency proof (lease contract, utility bill, etc.)
  • Female applicants sponsored by their father or husband should provide Labour Card or a Work ID
  • Trading license (for customers who are self-employed)
  • Salary Certificate (for customers working for the government or in the public sector)
  • Salary Transfer Letter (for customers employed in the private sector)

How to Open an HSBC Current Account in the UAE

To open a Current Account with the HSBC Bank, the applications can be filled through the following ways:

  • Phone Banking
  • Online Banking
  • Visit the nearest branch of the HSBC Bank

How to Close an HSBC Current Account in the UAE

To close the HSBC Current Account, the customer will have to visit the nearest branch of the bank and submit a letter.

HSBC Current Account - FAQs

Q.1 What are the charges for ordering the statements of my HSBC Current Account?

Ans: For any order of the account statement of the HSBC Current Account, the fee is AED 25. However, you will be charged AED 26.25 which is inclusive of the VAT.

Q.2 What are the charges for the account balance letter, release/ clearance letter, no liability certificate?

Ans: For all of the mentioned above, you will be charged AED 25. AED 26.25 if you include the VAT.

Q.3 How to contact the HSBC customer support team in the UAE for personal Banking?

Ans: Within the UAE, you can contact customer support by calling 600 55 HSBC (600 55 4722). If you are outside of the UAE, you will have to call +971 4 228 8007.

Q.4 What are the contact numbers for the customer support team handling HSBC Premier Account and HSBC Advance Account?

Ans: For the HSBC Premier Account customer support, you can call 800 4320 within UAE. For the customer outside of the UAE, they will have to call +971 4 224 1000.

For the HSBC Advance Account, customers within the UAE should call 800 4420. While customers living outside the UAE should call +971 4 325 4573.

Q.5 Is there any reward with the HSBC Premier account?

Ans: You get a Cashback worth AED 2000 when you transfer to an HSBC Premier Account. If you are not satisfied with the cashback reward, you can opt for the air miles point of 200,000.

Q.6 What are the features and benefits of the HSBC Premier Credit Card?

Ans: The features and benefits of the HSBC Premier Credit Card are listed below:

  • New cards get 10,000 air miles
  • New credit cards are not charged for the balance transfer for the first year
  • Interest rates offered are competitive
  • For every AED spent, the customer is rewarded with 1 air mile
  • Unlimited access to the airport lounges for the primary and supplementary cardholders
  • Valet Parking is also available

Q.7  What are the features and benefits of the HSBC Advance Credit Card?

Ans: The features and benefits of the HSBC Advance Credit Card are as follows:

  • No fee for annual membership
  • Air miles for every Dirham spent
  • Unlimited access to the airport lounges for the primary and supplementary cardholders
  • Valet Parking

Q.8  Is there any annual fee for the HSBC Platinum Select Credit Card?

Ans: No, the HSBC Platinum Select Credit Card has no annual fee.

Q.9  Is there any annual fee for the HSBC VISA Cashback Credit Card?

Ans: Yes, there is an annual fee with the HSBC VISA Cashback Credit Card. However, this credit card is free for the first year. Also, after the first year, if a customer spends AED 12,000 annually, the annual fee is waived.

Q.10  What is the annual fee of the HSBC VISA Cashback Credit Card?

Ans: The annual fee of the HSBC VISA Cashback Credit Card is AED 299.