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Flexi Account

Flexible banking

Get all the benefits of banking with HSBC without having to pay your salary into your account or maintain a minimum account balance.

Discover the quickest way to apply.

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 required

    Enjoy great benefits and services, no matter how much you have in your account.

  • Up to 0.02% interest

    Rates are effective from the 1st of December 2020, Earn a fixed interest rate of 0.01% per annum on account balances up to AED 50,000 and a fixed interest rate of 0.02% per annum on account end of day balances between AED 50,000 and AED 100,000.1



  • Money transfers

    Transfer funds within the UAE and abroad in multiple currencies.

  • Convenience as standard

    Open your account instantly3 online and manage your money 24/7 through mobile banking, online banking or phone banking.

  • International Visa debit card

Plus, get an optional cashback credit card

When you open a Flexi Account, you'll also have the opportunity to apply for the HSBC Cashback Credit Card.

  • automatic credit of up to 5% cashback every month
  • buy 1 Get 1 Free' tickets at VOX Cinemas
  • complimentary HSBC ENTERTAINER app with thousands of ‘Buy 1 Get 1 Free’ offers
  • 12 complimentary visits per year to 1000+ airport lounges worldwide

Things you should know

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

If you are a salaried customer and your salary is transferred to HSBC UAE, you will not be required to maintain a minimum balance or a relationship balance with us for any account that you open with us. If you stop transferring your salary to HSBC UAE, then a fee may be applied as per the Schedule of Services and Tariffs.

If you are a non-salary transfer customer, a lower cost option for you to consider is to have a personal banking proposition, and open a Flexi or E-saver account, as you will not be required to maintain a minimum balance in those accounts. If you choose a different proposition or open a different account type, then a fee may be applied for not maintaining a minimum balance as per the Schedule of Services and Tariffs.

Fixed interest rate per annum

Calculated on the daily closing balance.

Full balance of Flexi Account1
Fixed interest rates applicable(p.a)
Less than AED 50,000 0.01%
Starting from AED 50,000 and less than AED 100,000
0.02%

Fixed interest rate per annum

Calculated on the daily closing balance.

Full balance of Flexi Account1 Less than AED 50,000

Fixed interest rates applicable(p.a)
0.01%
Full balance of Flexi Account1 Starting from AED 50,000 and less than AED 100,000

Fixed interest rates applicable(p.a)
0.02%

Apply online

New to HSBC UAE

Instantly confirm your eligibility. Once you've applied, you could get an approval in principle in just 5 minutes.

Existing HSBC UAE Customers

Log on to online banking for the quickest and easiest way to apply.

Notes

1All fixed interest rates quoted above are Annual Equivalent Rates. This is a notional rate, which illustrates what the credit interest will be if interest were paid for a full calendar year. For Flexi account interest is calculated on daily closing balance and paid monthly. The interest will accrue for each calendar day in a month.

Interest on UAE Dirhams are calculated on a 360 day basis.

Fixed Interest rates are subject to change from time to time at the sole discretion of the Bank. This change will automatically reflect on your Flexi account. We will notify you of any changes to the Fixed interest rate before they happen in line with the Personal Banking Terms and Conditions.

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, 1.6MB) 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.

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