HSBC

Savings Account

Basic Savings Account

If you transfer your salary1 to your HSBC Current account, you will enjoy:

  • Up to 2 free cash withdrawals and 1 free balance inquiry on non-HSBC UAE Switch ATMs per month
  • HSBC VISA Platinum Select Credit Card with no annual fee that offers discounts on entertainment, shopping, dining and much more, including:

• A free HSBC Entertainer Booklet with offers on dining, travel and wellness worth AED 25,000
• Air Miles on all your retail purchases redeemable for airline tickets, hotels, electronics, shopping vouchers and much more
• Buy-one-get-one-free movie tickets at all VOX Cinemas in the UAE
• Discounts up to 25% at over 50 restaurants across the UAE and over 400 outlets worlwide

Additionally, with an HSBC Current account, you get*:

  • Choice between AED, USD, GBP, EUR and RMB account currencies
  • Free international Visa debit card accepted at over 25 million outlets worldwide and giving you access to your accounts at over 1 million ATMs around the world
  • High daily cash withdrawal limit of up to AED 8,000 on HSBC UAE ATMs
  • Six free over-the-counter transactions every month if done using AED
  • 24/7 banking through Internet Banking, Phone Banking, Mobile Banking and SMS alerts
  • Access to 50 cash deposit machines around the UAE for instant credit into your account
  • 53 cheque deposit machines at key locations in the UAE without requiring a card and PIN

*These benefits are applicable whether your transfer your salary to HSBC or not

An HSBC Savings Account is the secure and flexible way to save for the things that are important to you. Not only do you earn interest, but you also have immediate access to your money.

Personal account 
Account opening fees Free
Minimum monthly average account balance AED3,000
Breach of minimum balance AED25 per month
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) AED25 (outside the cycle)
Teller services  Six free transactions per month. Additional AED10 per transaction
Bulk cash deposit and withdrawal at teller counter  Free
Term deposit premature upliftment rate Historical rate for the tenure the deposit is held, minus 1%
Cheques
Cheque Book (50 leaves) First cheque book free AED25 per additional 25 leaves
Issuing of a bank cheque (AED) AED25
Issuing of a cashier's order (AED) Not applicable
Issuing of demand draft (foreign currency) Not applicable
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  AED10 (less than one year)
AED20 (over one year)

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 AED2
Balance enquiry AED1
(Rate per transaction)  
Transfer within HSBC UAE accounts None
Utility bill payments None
HSBC credit card payment None

In UAE at UAE Switch ATMs  
Cash withdrawal AED 2
2 free cash withdrawals per month if salary is transferred to HSBC*. Other transactions are charged as per the rate.
Balance Inquiry AED 1
1 free balance inquiry per month if salary is transferred to HSBC*. Other transactions are charged as per the rate.
(Rate per transaction)  
In GCC at HSBC ATMs  
Cash withdrawal AED6
Balance enquiry AED3
(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 cards 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) Free
Personal internet banking
Funds transfer between HSBC UAE accounts Free
E-statements Free
Utility bill payments (Etisalat, DEWA) Free
Setup of standing instructions Free
Other benefits
Credit card membership fees Annual membership fees apply
Deposit or withdrawal in currency notes other than AED 1% (minimum AED25)
Overdraft Annual Renewal Fee AED200
Foreign currency sale and purchase fee 1% of the value of the transaction amount
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

AED25
AED25
Additional charge to send domestic TTs in full outside HSBC Group (charges 'OUR')
- Electronic/Manual


AED25
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
Additional charge to send payment in full within HSBC Group (charges 'OUR')
- Electronic/Manual


AED50
Cashier order  
Issuance
- Electronic
- Manual

AED25
AED35
Cancellation (with original returned)
- Electronic/Manual

AED25 
Stop payment
- Electronic/Manual

AED75

Sole Account

You need to complete the Current account opening process by personally visiting any of our Branches or Customer Service Centres, with the following documents:

  • Original passport (for all customers)
  • Valid residence visa (for non-GCC National customers only)
  • Original Emirates Identification Card (for all customers)
  • Proof of UAE residence in the form of either a utility bill/rental agreement/title deed/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)
  • For salary transfer customers, original salary transfer letter from the employer must be provided

 

Joint Account

Both you and your joint applicant(s) need to complete the Current account opening process by personally visiting any of our Branches or Customer Service Centres, with the following documents:

  • Original passport (for all customers)
  • Valid residence visa (for non-GCC National customers only)
  • Original Emirates Identification Card (for all customers)
  • Proof of UAE residence in the form of either a utility bill/rental agreement/title deed/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)
  • For salary transfer customers, original salary transfer letter from the employer must be provided

We may request further information or documentation from you, in order to comply with the Foreign Account Tax Compliance Act (FATCA). Click here to find out more.

Ready to apply? Have us call youor Apply now

1 Eligible for a salary between AED 7,500 and AED 15,000. A salary transfer letter from your employer must be provided and an application must be completed at any branch or customer service unit and approved to be able to enjoy these benefits.

For our latest fees and charges, please click here.

For Personal Banking campaign terms & conditions, please click here.

Entertainer and voucher terms and conditions apply.

Air Miles terms and conditions apply.

The benefits and features set out above are current as at the date they appear on our website. However, they may be subject to change at any time at our discretion. We will try to notify existing customers of any changes that may impact them either in advance of the change or shortly afterwards.

How to apply

Are you already an HSBC UAE customer?

Or call: 600 55 4722

What if I'm not eligible

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.


Find out more about HSBC Savings Accounts

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.

Or call: 600 55 4722