Why you'll want a Flexi Account
- No need to transfer your salary
Enjoy all the benefits of banking with HSBC without having to credit your salary to the account.
- No minimum balance requiredEnjoy great benefits and services, no matter how much you have in your account.
- Up to 2.0% interestEarn 1.00% interest a year on account balances up to AED 50,000 and 2.00% interest a year on account balances between AED 50,000 and AED 100,000.1
- Free international transfersMake free money transfers in Indian rupees, Pakistani rupees, Egyptian pounds and Philippine pesos.2
- Convenience as standardOpen your account instantly3 online and manage your money 24/7 through mobile banking, online banking or phone banking.
- Apply for a fee-free HSBC Cashback Credit Card4Match your Flexi Account with the credit card that gives you up to 10% cashback on what you spend.
Grow your earnings four times on new funds in your HSBC Flexi Account.
Take advantage of this limited period offer to earn more. Deposit new funds into your Flexi Account and earn up to 2%* p.a. interest on your money.
|Account balance (AED)**||Standard rate on Existing Funds||Campaign Bonus Rate on New to Bank Funds*||Total Applicable Interest Rate on New to Bank Funds**|
|Less than AED 50,000||0.25%||0.75%||1.00%|
|Between AED 50,000 and AED 100,000||0.50%||1.50%||2.00%|
|Account balance (AED)**||Less than AED 50,000|
|Standard rate on Existing Funds||0.25%|
|Campaign Bonus Rate on New to Bank Funds*||0.75%|
|Total Applicable Interest Rate on New to Bank Funds**||1.00%|
|Account balance (AED)**||Between AED 50,000 and AED 100,000|
|Standard rate on Existing Funds||0.50%|
|Campaign Bonus Rate on New to Bank Funds*||1.50%|
|Total Applicable Interest Rate on New to Bank Funds**||2.00%|
*Campaign period is valid from 1 December 2019 to 31 January 2020 (both days inclusive). Personal Banking General Terms and Conditions and Flexi Account Terms and Conditions apply. Offer Terms and Conditions apply.
For NTB funds of 50K or less, 1% total Bonus Interest Rate combines Flexi accounts standard rate of 0.25% on existing balance and an additional Bonus Interest Rate of 0.75% only on New to Bank Funds during the Campaign Period.
For NTB funds of between 50K -100K, 2% total Bonus Interest Rate combines Flexi accounts standard rate of 0.50% on existing balance and an additional Bonus Interest Rate of 1.50% only on New to Bank Funds during the Campaign Period.
The customer's "Deposits Total Relationship Balance" or "Deposits TRB" at the end of every month during the campaign period should be higher than the customer's Deposits TRB as at 30 November 2019 and only the incremental funds will be considered as eligible New to Bank funds for the purpose of this Campaign.
**Standard HSBC fees and charges apply. Interest rate for Flexi Account is per annum and is calculated daily and paid on a monthly basis. The corresponding interest rates from the table will be applicable on the entire daily closing balance in the Flexi Account. Interest rates are subject to change.
About the HSBC Cashback Credit Card
When you open a Flexi Account, you'll also have the opportunity to apply for the HSBC Cashback Credit Card.
- Up to 10% cashback with no minimum spending restrictions
- No limit on the total cashback4 you can earn
- Cashback automatically credited to your card every month
Things you should know
Documents you'll need to provideCollapse Expand
New to HSBC UAE
Existing and new HSBC UAE Customers
1New interest rates effective 1 July 2019. We are 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.
2If you select charge type 'all charges to be paid from my account' when making transfers of Indian rupee to India, Pakistani rupee to Pakistan, Egyptian pound to Egypt and Philippine peso to the Philippines, 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. Schedule of Services and Tariffs (PDF, 237KB) will apply and may be amended from time to time.
3Subject 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 we've confirmed your identity, we'll activate your account and you'll receive everything you need within 24 hours.