Savings account | HSBC UAE
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Savings Account in UAE

Turn your savings into winnings

  • Instant Account Number
  • 24-hour Account Kit Delivery

With an HSBC Savings account, you can also enjoy:

  • Up to 2 free cash withdrawals and 1 free balance inquiry on non-HSBC UAE Switch ATMs per month
  • HSBC Visa Cashback Credit Card3 that offers you up to 10% cashback on all your spends and much more, including:
    • A free HSBC Entertainer App with over 8000 Buy-1-Get-1-Free offers
    • Buy-1-Get-1-Free movie tickets at all VOX Cinemas in the UAE
    • Discounts of up to 30% at over 400 restaurants, with the I Love Dining program

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.

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

  • Choice between AED, USD, EUR, GBP 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 you open a salary transfer account or deposit based account

Fees & Charges 

For all fees & charges, please refer to our latest Schedule of Tariffs


Schedule of Services and Tariffs

Required Documents

Sole Account

  • 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/ lease agreement/ title deed/ employment letter
  • Original labour card/work ID (for female applicants on father's/husband's sponsorship)
  • Original trade license (for all self-employed customers)
  • For income transfer customers, original income transfer letter from the employer must be provided

Joint Account

Both you and your joint applicant(s) need to complete the Savings 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/ lease agreement/ title deed/ employment letter
  • Original labour card/work ID (for female applicants on father's/husband's sponsorship)
  • Original trade license (for all self-employed customers)
  • For income transfer customers, original income 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).


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3 Minimum monthly salary of AED 5,000 is required for an HSBC Visa Cashback Credit Card. An annual fee of AED 299 (AED 313.95 inclusive of VAT) applies. HSBC Visa Cashback Credit Card Terms and Conditions apply.

For Personal Banking Terms and Conditions click here.


Entertainer and voucher 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.

Ready to apply?

  • Instant Account Number
  • 24-hour Account Kit Delivery

Apply now



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This link may allow you to access a non - HSBC website. HSBC Bank Middle East Limited has no control over the linked website and is not liable for your use of it.

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This link may allow you to access a non - HSBC website. HSBC Bank Middle East Limited has no control over the linked website and is not liable for your use of it.

You are leaving hsbc.ae

This link may allow you to access another HSBC Group website. Please read the terms and conditions of the linked website, which may differ from the terms and conditions of HSBC Bank Middle East Limited website.

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