Enjoy the best of both worlds. With an HSBC eSaver Account, you can earn interest on your money while enjoying the flexibility of withdrawing once a month without losing any interest.
The eSaver Account is an online-only account. It is only available to be opened in UAE Dirhams and is available to UAE Nationals and Residents who hold valid UAE Residence Visas.
To encourage regular savings, no ATM card or Cheque-book is offered with the eSaver account.
With an HSBC eSaver Account, you get:
Personal Account
Account Opening Fees
Free
Minimum monthly average account balance
AED3,000
Breach of Min Balance (Monthly)
AED25
Relationship Fee
Free
Non receipt of salary
Free
Utility Bill Payment (Internet & ATM)
Free
Account Closure fee (if closed within 1 year of opening)
AED100
Standing Instruction set up
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 govt/embassies
AED100
Liability letter issued to financial institutions
AED100
Dormant account charge
Nil
Statement of Account (Free within the agreed cycle)
AED25
Teller Services
6 free per month. Additional AED10 per transaction
Deposits/withdrawal in currency notes other than AED
1% (Minimum AED25)
Bulk cash deposit & withdrawal at teller counter
Free
ATM Cards
Description
Fee
Issuing ATM Card
NIL
Re-issuance of ATM Card PIN*
AED25
ATM Card Replacement Fee*
AED25
Usage fee in UAE at HSBC ATMs
Cash withdrawal/deposit
NIL
Balance enquiry
NIL
Mini-Statement
NIL
Transfer within HSBC UAE Accounts
NIL
Utility Bill Payments
NIL
HSBC Credit Card Payment
NIL
In UAE at UAE Switch ATMs**
Cash withdrawal
AED2
Balance enquiry
AED1
(Rate per transaction)
In GCC at HSBC ATMs**
Cash withdrawal
AED6
Balance enquiry
AED3
(Rate per transaction)
In AGCC Countries at GCC NET ATMs*
Cash withdrawal
AED6
Balance enquiry
AED3
(Rate per transaction)
Internationally at other HSBC ATMs*
Cash withdrawal
AED10
Balance enquiry
NIL
(Rate per transaction)
Internationally at Visa/Plus ATMs
Cash withdrawal
AED20
Balance enquiry
NIL
(Rate per transaction)
Debit Cards
Debit Card Annual Fee
NIL
Debit Card Replacement Fee*
AED25
Usage fee in UAE at HSBC ATMs
Cash withdrawal/deposit
NIL
Balance enquiry
NIL
Mini-Statement
NIL
Transfer within HSBC UAE Accounts
NIL
Utility Bill Payments
NIL
HSBC Credit Card Payment
NIL
In UAE at UAE Switch ATMs**
Cash withdrawal
AED2
Balance enquiry
AED1
(Rate per transaction)
In GCC at HSBC ATMs**
Cash withdrawal
AED6
Balance enquiry
AED3
(Rate per transaction)
In AGCC Countries at GCC NET ATMs*
Cash withdrawal
AED6
Balance enquiry
AED3
(Rate per transaction)
Internationally at other HSBC ATMs*
Cash withdrawal
AED10
Balance enquiry
NIL
(Rate per transaction)
Internationally at Visa/Plus ATMs
Cash withdrawal
AED20
Balance enquiry
NIL
(Rate per transaction)
Foreign currency transactions
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***
AED25
Existing HSBC UAE account holders
If you already hold an account with HSBC, then no further documents are required to open an eSaver Account
Non-HSBC UAE account holders
Sole Account
You need to complete the eSaver Account application form available here. Print out the form and then visit any of our branches or Customer Service Centres with the following documents:
Original passport (for all customers)
Valid UAE residence visa (for non-GCC National customers only)
Proof of UAE residence in the form of either a utility bill/rental/lease agreement/title deed and employment letter (for GCC National customers only)
Joint Account
Both you and your joint applicant(s) need to complete the eSaver Account application form available here . Print out the form and then visit any of our branches or Customer Service Centres with the following documents:
Original passport (for all customers)
Valid UAE residence visa (for non-GCC National customers only)
Proof of UAE residence in the form of either a utility bill/rental/lease agreement/title deed and employment letter (for GCC National customers only)
The Basics
Account Opening
Making Transactions
Internet Banking Help
The eSaver Account makes it easy for you to save money.
HSBC works to develop products and services to meet your requirements. To simplify the criteria for each product we provide a minimum salary or deposit criteria.
Thank you for wishing to bank with HSBC. To apply for this product simply click Apply Now to fill out your details and let one of our experienced HSBC representatives call you back. Alternatively you can call us on the number below, whatever is more convenient for you.