Amanah Advance Current Account
Get what you need from an Islamic banking account, paired with all the privileges of HSBC Advance.
| International debit card: | Monthly transactions: | Monthly fee: |
Shariah-compliant: | |
|---|---|---|---|---|
| Free | Unlimited and free | Free | Yes |
Here's what you get:
- A Shariah approved Current Account in UAE Dirhams or US Dollars
- Transfer your existing finance or apply for a new one
- Free international Debit card
- Get accepted at over 25 million retail outlets worldwide and over 1 million ATMs
- Withdraw up to AED 10,000 from HSBC UAE ATMs and UAE Switch ATMs, daily
- Link up to two additional accounts to your debit card. So you can access your accounts, any time you need
More great benefits:
- Free worldwide Travel Takaful – all year round
- Free unlimited transactions every month – if you pay with AED
- Free Internet Banking, Phone Banking and SMS alerts – bank where and when it suits
Plus:
- Free cheque books – and if your card is lost or stolen, use ‘Stop Cheque’
- Fee free when you transfer your salary to HSBC
| HSBC Amanah Advance* | ||||
|---|---|---|---|---|
| • Monthly income | AED 15,000 (equiv.); or | |||
| • Combined average relationship balance | AED 100,000 (equiv.) | |||
| Personal account | |
| Account opening fees | Free |
| Minimum balance | Not applicable |
| Breach of minimum balance | Not applicable |
| Eligibility criteria | a. Maintaining a balance of AED100,000 in deposits and/or investments or b. Salary transfer of AED15,000 per month or more |
| Fee if eligibility criteria (a) is not maintained | AED100 per month |
| Relationship fee | Not applicable |
| Non-receipt of salary | Not applicable |
| Utility bill payment (internet and ATM) | Free |
| Account closure fee (if closed within one year of opening) | AED100 |
| Standing instruction setup (through the branch) | AED50 per instruction Free through internet or phone banking |
| Penalty fee for insufficient funds for standing orders | AED25 |
| Account balance letter | AED50 |
| No liability certificate | AED100 |
| Release letter | AED50 |
| Liability letter issued to government/embassies | AED100 |
| Liability letter issued to financial institutions | AED100 |
| Dormant account charge | Free |
| Statement of account (per agreed cycle) | Free |
| Teller services | Free |
| Bulk cash deposit and withdrawal at teller counter | Free |
| Early upliftment of term investment charge | Historical rate for the tenure the investment is held, minus 1% |
| Cheques | |
| Cheque book | Free |
| Issuing of a bank cheque (AED) | Not applicable |
| Issuing of a cashier's order (AED) | AED25 |
| Issuing of demand draft (foreign vurrency) | Free |
| Cheques returned drawn on the account (per instrument/cheque) | AED100 |
| Cheque payable at centres where central bank clearing facility is not available | Free |
| Returned cheques deposited in own account | Free |
| Cheques for collection within the UAE | Free |
| Cheques for collection outside the UAE** | AED50 |
| Stop payment (per instrument/cheque) | AED50 |
| Counter cheques - cash withdrawal | Free |
| Cheque photocopy | Free |
| ATM/Debit cards | |
| Issuing ATM card | None |
| Reissuance of ATM card PIN | AED25 |
| Debit card annual fee | None |
| ATM/Debit card replacement fee | AED25 |
| Usage fee in UAE at HSBC ATMs | |
| Cash withdrawal/deposit | None |
| Balance enquiry | None |
| Mini-statement | None |
| Transfer within HSBC UAE accounts | None |
| Utility bill payments | None |
| HSBC credit card payment | None |
| In UAE at UAE Switch ATMs | |
| Cash withdrawal | None |
| Balance enquiry | None |
| (Rate per transaction) | |
| In GCC at HSBC ATMs | |
| Cash withdrawal | None |
| Balance enquiry | None |
| (Rate per transaction) | |
| In GCC at GCC NET ATMs | |
| Cash withdrawal | AED6 |
| Balance enquiry | AED3 |
| (Rate per transaction) | |
| Internationally at other HSBC ATMs | |
| Cash withdrawal | AED10 |
| Balance enquiry | None |
| (Rate per transaction) | |
| Internationally at Visa/Plus ATMs | |
| Cash withdrawal | AED20 |
| Balance enquiry | None |
| (Rate per transaction) | |
| Foreign currency transactions on debit cards | Debit card transactions that are not in your billing currency will be converted at a wholesale market rate, attracting a processing fee of up to 2%. |
| Copy of sales slip (debit card retail transaction) | AED25 |
| Phone banking | |
| Reissuance of phone banking PIN | Free |
| Ordering account statements | Free |
| - Extra copy (last six months) | |
| - Extra copy (beyond six months) | |
| Funds transfer between HSBC UAE accounts | Free |
| Statement by fax | Free |
| Utility bill payments (Etisalat, DEWA, SEWA, ADDC, AADC) | Free |
| Personal internet banking | |
| Funds transfer between HSBC UAE accounts | Free |
| E-statements | Free |
| Utility bill payments (Etisalat, DEWA, SEWA, ADDC, AADC) | Free |
| Setup of standing instructions | Free |
| Other benefits | |
| Credit card membership fees | Free |
| Life insurance | Free life insurance of AED35,000 |
| Travel insurance | Free |
| Overdraft/free negative balance on application | Free negative balance for AED5,000 |
| Toll-free | Dedicated toll free number |
| International account opening | USD100 |
| Branch dedicated teller | Free unlimited number of branch transactions over the counter |
| Deposit or withdrawal in currency notes other than AED | 1% (minimum AED25) |
| Foreign currency sale and purchase fee | 1% of the value of the transaction amount |
| Dedicated lounge | Dedicated area for HSBC Advance customers |
| Emergency encashment | Free emergency encashment service |
| Valet parking services at Valtrans (up to four times per month) in selected locations | Free |
| Air miles on credit cards | Earn one air mile for every AED1 spent |
| Inward remittances | |
| In AED | |
| If paid to beneficiary in cash* - Account holder - Non-account holder |
Free AED200 |
| If credited to the beneficiary's account - Account holder - Non-account holder |
Free Not applicable |
| In foreign currency | |
| If paid in AED(cash) to the beneficiary* - Account holder - Non-account holder |
Free AED200 |
| If credited to the beneficiary's foreign currency a/c in the same currency* - Account holder - Non-account holder |
AED25 (equivalent) Not applicable |
| If paid in currency notes other than AED | 1% (minimum AED25) |
| Outward remittances | |
| To non-HSBC accounts | |
| Telegraphic transfer (TT) | |
| Local/Central bank TT Issuance - Electronic - Manual |
AED40 AED75 |
| International TT Issuance - Electronic - Manual |
AED50 AED100 |
| Additional charge to send international TTs in full outside HSBC Group (charges 'OUR') - Electronic/Manual |
AED100 |
| International TT issuance to HSBC India or HSBC International, Jersey, Channel Islands, above or equal to USD2,000 - Electronic/Manual |
Free (other bank charges may apply) |
| Recall of TT funds or investigation of TT status - Electronic/Manual |
AED150 |
| To HSBC accounts | |
| Local or between HSBC UAE accounts - Electronic/Manual |
Free |
| International TT issuance to accounts within HSBC Group entity - Electronic - Manual |
AED50 AED100 |
| International TT issuance to own accounts within HSBC Group entity using 'saved template' via internet banking - Electronic |
AED50 |
| International transfers to own accounts within HSBC Group entity using Global Transfer service - Electronic |
USD7 |
| Additional charge to send payment in full within HSBC Group (charges 'OUR') - Electronic/Manual |
AED50 |
| Cashier order/demand draft | |
| Issuance - Electronic - Manual |
AED25 AED35 |
| Mailing - Electronic/Manual |
AED20 |
| Cancellation (with original returned) - Electronic/Manual |
AED25 |
| Stop payment - Electronic/Manual |
AED75 |
Sole Account
You need to complete the Account opening process by personally visiting any of our Branch or Customer Service Centres, with the following documents:
- Original passport (for all customers)
- Valid residence visa (for non-GCC National customers only)
- Proof of UAE residence in the form of either a utility bill/rental agreement/employment letter (for GCC National customers only)
- Original labour card/work ID (for female applicants on father's/husband's sponsorship)
- Original trade license (for all self-employed customers)
- Salary certificate (for customers working in government/public sector companies)
- Salary Transfer Letter (for customers working in private sector companies). Only one applicant is required to provide the Salary Certificate/transfer letter but it is mandatory that all the joint applicants are UAE residents
Joint Account
Both you and your joint applicant(s) need to complete the Account opening process by personally visiting any of our Branch or Customer Service Centres, with the following documents:
- Original passport (for all customers)
- Valid residence visa (for non-GCC National customers only)
- Proof of UAE residence in the form of either a utility bill/rental agreement/employment letter (for GCC National customers only)
- Original labour card/work ID (for female applicants on father's/husband's sponsorship)
- Original trade license (for all self-employed customers)
- Salary certificate (for customers working in government/public sector companies)
- Salary Transfer Letter (for customers working in private sector companies)
- Only one applicant is required to provide the Salary Certificate/transfer letter but it is mandatory that all the joint applicants are UAE residents
Get a Shariah-compliant account, with all the benefits of HSBC Advance
Ready to apply?
Apply now