HSBC Flexi Account

All the benefits, no salary transfer.

Benefits

  • No minimum balance maintenance
  • 0.25% interest per annum on account balances up to AED 50,0001
  • 0.50% interest per annum on account balances between AED 50,000 and AED 100,0001
  • Fee-free HSBC Visa Platinum Cashback Credit Card for the 1st year2
  • Free international money transfer in INR, PKR, PHP, EGP3
  • Instant account opening online with 24-hour account kit delivery4
  • Free cheque book upon request5
  • High daily cash withdrawal limit of up to AED 8,000 at HSBC UAE ATMs
  • 24/7 banking through online banking, phone banking, mobile banking and SMS alerts to manage your money

1New interest rates are effective 1 July 2019  - we are in the process of changing the current interest rate calculation logic, which is based on the minimum balances during the month to a daily interest calculation logic based on end of day balances.  This will ensure maximum return on your deposits in the Flexi account.  This change will be completed by September 2019.

2No annual fee for the first year. After the first year, your annual fee will be waived on HSBC Cashback Credit Card provided you spend a minimum of AED 12,000 in the previous 12 months ('Minimum spend'), (either domestically or internationally). If you do not meet the minimum spend, we will charge you the annual fee of AED 299 (AED 313.95 inclusive of VAT) in the 13th month and annually thereafter where applicable. Please refer to the latest Schedule of Services and Tariffs for complete details. HSBC Visa Platinum Cashback Credit Card campaign is valid till 31 August 2019.

3If charge type 'all charges to be paid from my account' is selected the correspondent bank will not deduct any of its charges from the remittance amount and there will be no money transfer fee by HSBC UAE for transfers of Indian Rupee to India, Pakistani Rupee to Pakistan, Egyptian Pound to Egypt and Philippine Peso to the Philippines. Our Schedule of Services and Tariffs will apply, as amended from time to time (available at www.hsbc.ae).

4Subject to meeting eligibility criteria. An HSBC representative will call you within 60 minutes of approval in principle to schedule a face-to-face meeting at your convenience in order to verify your identity. Once verified, the account will be activated and the account kit will be delivered within 24 hours.

5Effective 1 July 2019 – the free cheque book facility offered with your HSBC Flexi Account will no longer be available.  If you currently hold a cheque book for this account, there will be no impact from the change and you can continue to use the cheque book.  If you require a new cheque book post this date, you will need to open a current account with us and a cheque book will be provided to you.

The HSBC Visa Cashback Credit Card

You can also get access to the HSBC Visa Cashback Credit Card, that offers you up to 10% cashback on your spends and much more, including:

  • No minimum spends
  • No maximum limits on total cashback4 earned
  • Automatic credit of cashback every month

Documents required to apply

Sole account

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

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
  • Original labour card/work ID (for female applicants on father's/husband's sponsorship)
  • Original trade licence (for all self-employed customers)
  • For salary transfer customers, original salary transfer letter from the employer must be provided

Things you should know

For all fees and charges, please refer to:

Apply online

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