Global Private Banking

Your TRB consists of any other investments or products you hold with us, such as:

• your savings
• any investments or insurance

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.

We'll need to see proof of your identity, residency in the UAE and income before we can finalise your application. We'll contact you to arrange a face-to-face appointment at a time that's convenient to you.

If you’re applying for a joint account, all the potential account holders will need to come into a branch with their documents.

We'll need to see the following:

• Original passport (for non-residents) or passport copy (for UAE residents).
• Valid residence visa (for non-GCC nationals only).
• Original Emirates identification card (for UAE residents).
• Proof of residence – either a utility bill or rental agreement/tenancy contract stating your physical residential address in UAE (for UAE residents) or bank statements/other documents stating your physical residential address (for non-residents).
• Original labour card or work ID (if you're female and sponsored by your father or husband and a UAE resident).
• Original trade licence (if you're self-employed).
• Original income transfer letter from your employer (if you’d like to transfer your salary to the account).

Please note, that 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).

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, 483KB) for details.

This HSBC 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.