HSBCHSBC The world's local bank

Savings Account

Basic Savings Account

With an HSBC Savings Account, you get:

  • No account opening fees
  • Free ATM/Debit Cards issuance
  • Free cash deposits & free cash withdrawals at HSBC UAE ATMs
  • Low minimum monthly balance requirement of AED 3,000
  • Interest calculated and accrued monthly on the minimum monthly balance and is paid half-yearly
  • Worldwide acceptance of HSBC ATM/Debit Cards:
      Free HSBC Debit Card that you can use at over 25 million retail outlets and 1 million ATMs worldwide
  • A wide choice of currencies:
      Save in AED, USD, EUR and, GBP
  • 24/7 banking to suit your needs:
      Free Internet banking, free Phone Banking and free Mobile Banking


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.

For General Terms and Conditions click here

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

* Tariff applicable for Personal Banking and Advance customers, NIL for Premier
** Tariffs applicable for Personal Banking customers only, NIL for Advance and Premier
*** Tariffs applicable for Personal Banking and Advance customers only, NIL for Premier

Sole Account

You need to complete the Savings 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)

Joint Account

Both you and your joint applicant(s) need to complete the Savings 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)
Ready to apply? Have us call youor Apply now

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