The world's local bank
Fees and Charges
Personal Accounts
| Current | AED | USD | GBP | EUR |
| Minimum average balance required | 5,000* | 3,000 | 3,000 | 3,000 |
| Monthly charge if the balance falls below the minimum required | 100 | 50 | 25 | 50 |
| Savings | AED | USD | GBP | EUR |
| Minimum average balance required | 5,000* | 2,000 | 2,000 | 2,000 |
| Monthly charge if the balance falls below the minimum required | 100 | 50 | 25 | 50 |
| Time Deposit | AED | USD | GBP | EUR |
| Minimum opening balance | 10,000 | 5,000 | 5,000 | 5,000 |
| Call Deposit | AED | USD | GBP | EUR |
| Minimum opening balance | 25,000 | 7,000 | 7,000 | 7,000 |
| Relationship Pricing | ||||
| Combined average relationship balance required | AED 10,000 (equiv) | |||
| Monthly charges on all accounts | Nil | |||
* No minimum balance is required if the account is linked to a personal loan.
| HSBC Premier** | ||||
| -Combined average relationship balance required | AED 350,000 (equiv.) | |||
| -Monthly charge if the balance falls below the minimum required | AED 200 | |||
| STATUS** | |
| Minimum salary required | AED 15,000/month |
| Minimum average balance required | Nil |
| Fixed monthly service charge*** | AED 100 |
| OR | |
| Combined average relationship balance | AED 200,000 (equiv.) |
| Home Loan / Amanah Home Finance from HSBC UAE | AED 1,500,000 or more |
| Monthly charge if the balance falls below the minimum required*** | AED 100 |
*** Charge waived for customers who enroll for the FuturePerfect Plan with a minimum contribution of 1000 USD per month. If customer misses three monthly contributions, the account charges will be reinstated.
** Current accounts are also available in currencies other than the four currencies mentioned above.
* Note:
i) No interest is paid on Call Deposit if the balance falls below the minimum required.
ii) Early uplift of Time Deposit will attract a charge based on historical TMD rate for the period that the deposit is actually held with us, minus a penalty interest, along with a fee of AED 250.
iii) Combined average relationship balance includes balances in all personal accounts. In case of HSBC Premier and STATUS, this also includes Investments and Home Loans. In case of Yasmeen, this includes balances in personal accounts and Investments.
iv) For each AED currency account that you hold with us, a total of two cheque clearing or over the counter cash withdrawal transactions will be processed free of charge every month. Any additional such transactions processed during the same month for the same account will be charged a nominal fee of AED 10 per transaction. This is not applicable for HSBC Premier and STATUS customers.
Other Services
| Statement of Account | |
| Regular Statement | AED 10 (Paper Statements) Free (eStatements) |
| Extra copy (last 3 months) | AED 25/month |
| Extra copy (last 6 months) | AED 50/month |
| Extra copy (beyond last 6 months) | AED 50/month |
| Miscellaneous | |
| Account balance certificate | AED 50 |
| Certifying copy of Passbook | AED 50 |
| Issuance of duplicate Passbook | AED 50 |
| Deposit/withdrawals in currency notes other that AED | 1% (min. AED 25) |
| Closure of an Account, within 3 months of its opening | AED 150 |
| Clearance letter | AED 200 |
| Hold Mail Facility monthly charge | AED 50 |
| Retrieval of documents issued by bank, not available online - up to 6 months old - over 6 months old |
AED 50/record AED 100/record |
| Signature verification on non-HSBC documents at the Customer?s request | AED 25 |
