Bank Accounts in the UAE
HSBC Savings Account requires a minimum monthly balance of AED 3000. With the Savings Account of the HSBC Bank, the customer who has a minimum income of AED 5000 also gets an HSBC Visa Cashback Credit Card.
The HSBC Visa Cashback Credit Card has an annual membership fee of 299 AED.
The features and benefits of the HSBC Savings Account are as follows:
To open an HSBC Savings Account, the eligibility factors involved are:
The documents required to open a Savings Account in the HSBC Bank are the same for both the Sole account holder and the Joint Account holder. These requirements are as follows:
To open a Savings Account with the HSBC Bank in the UAE, the customer can fill the form through
To close the Savings Account with the HSBC Bank, the customer will have to visit any branch of the Bank and submit a letter for closing the account.
AED 25 is charged for failing to maintain the minimum monthly requirements. Including the VAT, the fee is 26.25 AED.
For a foreign currency account, the minimum monthly balance requirement is 500 for EURO accounts. Meanwhile, the CNY currency account will have to maintain 5000.
You will be charged AED 25 for account statements outside of the cycle.
Yes, there is a charge of AED 10 for every transaction. However, a customer gets the first 6 six transactions free in a month.
You will be charged AED 25 for each.
No. Non-salary transfer customers are charged AED 2 for every cash transaction.
No, the balance inquiries are not free for the non-salary transfer customers. They are charged AED 1 for the inquiry.
To open an HSBC Savings Account, you can call 800 444 7776 in the UAE.
No, Personal Banking Accounts are not allowed to be used for business purposes. The bank can close your account in case of suspicions of business transactions.
Your account will be considered dormant when you have not made any kind of transaction or activity with your account for a certain period of time.