HSBC Bank Accounts | eSaver Online Savings Account

Your online savings account

Overview
Fees and Charges
Required Documents
FAQs

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:

FLEXIBILITY
NO MINIMUM BALANCE REQUIREMENT
CONVENIENCE
DEPOSITS
WITHDRAWALS
SAVE MONEY YOUR WAY

COMPETITIVE INTEREST RATES

Earn interest on each and every Dirham in your account. Interest is calculated on daily cleared closing balance and paid to you monthly. The more you save the more you will earn.

The interest rate structure has been changed as of 1 June 2013 to be based on your tiered balance as per the below:

Balance	Interest rate p.a
Less than AED 100,000	0.25%
Starting from AED 100,000 and less than AED 1,000,000	0.50%
Starting from AED 1,000,000 and less than AED 5,000,000	0.75%
AED 5,000,000 and above	0.10%

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

What is an eSaver account?
How is my interest calculated on eSaver?

When do I start earning interest on my deposit?

Interest is paid on the first working day of the following month. Please note that you will receive interest on the daily cleared closing balance.

Is the interest rate that I earn the same, no matter what my balance is?

The interest rate earned is based on a tiered structure. The following interest rates, based on your total balance apply:

Balance	Interest rate p.a.
Less than AED 100,000	0.25%
Starting from AED 100,000 and less than AED 1,000,000	0.50%
Starting from AED 1,000,000 and less than AED 5,000,000	0.75%
AED 5 million and above	0.10%

Do I get interest regardless of the number of withdrawals?
Where do I do my banking?
Does eSaver provide an ATM card/ chequebook?
Is there a minimum balance requirement to open eSaver?
Does eSaver charge a maintenance fee?
Does eSaver charge any transactional fees?
Is the SMS alert service offered free of charge?
Can eSaver be held in currencies other than the UAE Dirham?
Can business customers hold an eSaver account?

Account Opening

Who is eligible to open an eSaver account?
Do I need to be an existing customer with HSBC to open an eSaver account?
How do I open an eSaver account?

Making Transactions

How do I make my initial deposit into eSaver?
How do I deposit money into eSaver?
How do I withdraw money from eSaver?
Is there a limit to the amount of funds I can transfer to/from my eSaver account after activation?

Internet Banking Help

I am having problems with Internet Banking. What should I do?
How does HSBC protect my information?
I need more help. How do I reach a live person?

The eSaver Account makes it easy for you to save money.

For General Terms and Conditions click here

Ready to apply? Have us call youor Apply now

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