HSBC Advance Global Money Account

Your TRB is made up of any money you have in deposit or investment accounts with us, such as:

• Your current account balance
• Your savings
• Your investments

For a payment to be counted as salary, it must be a sum of money transferred to your account on a regular monthly basis with a transaction description of 'Salary' (or an equivalent, such as 'Sal'). It can include allowances, incentives or other benefits, as long as they're part of this same payment.

Any payments that are occasionally made separately to your account won't be classed as salary and therefore won't count towards your account eligibility.

• Physical Emirates ID
• Physical passport
• Proof of income, such as a salary certificate, bank statement dated within the last 3 months (for business owners, your company's last 3 months' bank statements)
• Proof of UAE residence address, such as a utility bill, tenancy contract, Ejari number, title deed or letter from employer

• Physical passport
• Proof of income, such as a salary certificate or bank statement dated within the last 3 months (for business owners, your company's last 3 months' bank statements)

• Original trade licence (for all self-employed customers).
• Salary certificate (for customers working in government/public sector companies).
• Salary transfer letter (for customers working in private sector companies).

For joint accounts, both you and your joint applicant will need to complete the account-opening process by visiting one of our branches or customer service units with the required documents. Only one applicant needs to provide the salary certificate or salary transfer letter.

We may request further information or documentation from you in order to comply with the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS).

Debits from your account will be restricted until we've verified your documents. We’ll get in touch within 3 to 5 days or send you an email once your account is fully ready for use.

If you’ve applied for a residency visa and don’t have your Emirates ID yet, you’ll have 75 days from opening your account to give it to us. After that, you won’t be able to make digital payments or use your cards until we receive your Emirates ID.

If you're looking for a lower cost option, you could consider a Personal Banking Account. Not only does it offer our lowest eligibility criteria for a single account, it also has the lowest fees if you don't meet them. See our Schedule of Services and Tariffs (PDF) for details.

This account comes with a debit card and monthly statements. Please refer to our Schedule of Services and Tariffs (PDF) for a complete list of services along with any fees and charges associated with them.

The minimum balance you'll need for an Advance Global Money Account is ⃃125,000.

You'll need to have this balance either:

This minimum balance is a 'Total Relationship Balance' (TRB), which means it can be made up of any money you have in deposit or investment accounts with us. This includes your current account balance, as well as any savings or investments you have with HSBC UAE.

If your employer is a member of our Employee Workplace Solutions programme, you don’t need to maintain a TRB of ⃃125,000 if you transfer a monthly salary of at least ⃃12,500.

The withdrawal limit for an Advance Global Money Account is ⃃15,000 a day, or the equivalent in another currency.

There are no fees with withdrawing cash in the UAE from HSBC or UAE Switch ATMs.

If you're outside the UAE, you can withdraw cash with no foreign currency conversion fees on supported currencies[@igma-conversion-fees]. Other banks' ATMs (including HSBC ATMs outside the UAE) may charge an ATM fee on cash withdrawals.

For full details of any fees and charges, please see our Schedule of Services and Tariffs (PDF).

The point-of-sale purchase limit for an Advance Global Money Account is ⃃40,000 a day, or the equivalent in another currency.