• HSBC Current Account in the UAE

    HSBC UAE Current Account

    A HSBC Current Account allows you to manage your money with ease. This is a transactional account offering 24/7 access to the bank through various modes like phone banking, mobile banking and internet banking.

    Features and Benefits of HSBC Current Account

    • Multiple Currency Options: Choose between Chinese Renminbi, USD, GBP, AED and EUR account currencies.
    • Free International Visa Debit Card: Acceptance at over 1 million ATMs and 25 million outlets.
    • High Withdrawal Limit: At HSBC UAE ATMs enjoy cash withdrawal limit of up to AED 8,000.
    • Free cheque-book: Get your first cheque-book without any cost.
    • Free Banking Transactions: The account provides six free over-the-counter AED transactions every month.
    • Several Modes of Banking: Internet Banking, Phone Banking, Mobile Banking and SMS alerts let you access banking round the clock.
    • Cash Machines: Now you can deposit cash at any of UAE’s 50 cash deposit machines.
    • Cheque Machines: Drop your cheques at 53 cheque deposit machines.
    • No Salary Credit Required: HSBC Current Account benefits do not need salary credit.
    • Additional Benefits: Enjoy 1 balance inquiry and 2 free cash withdrawals at non-HSBC Switch ATMs per month.

    HSBC Visa Platinum Select Credit Card:

    • Earn Air Miles that could be used for electronics, shopping vouchers and hotel stays
    • At all VOX Cinemas in the UAE; buy one ticket to get one free
    • HSBC Entertainer offers come with dining, travel and wellness offers worth AED 25,000
    • At restaurants across the UAE and over 400 worldwide, enjoy up to 25% discount

    Eligibility Criteria

    A HSBC Current Account can be opened and operated jointly or singly by visiting the nearest branch or customer service centre.

    Documents Required for HSBC Current Account

    • Original passport
    • Original Emirates ID card
    • Valid residence visa (for customers from non-GCC countries)
    • Residence proof (utility bill/rental agreement/employment letter)
    • Self-employed persons must submit trade license
    • Women applicant’s on husband/father’s sponsorship have to submit labor card/work ID
    • Employer’s original salary transfer letter

    HSBC may also collect other documents to comply with Foreign Account Tax Compliance Act

    HSBC Current Account Fees and Charges

    • HSBC Current account charges AED 1 for domestic funds transfer, for transfer through phone or branch, charges are AED 5.
    • Money transfers with HSBC accounts in UAE are free.
    • Correspondent banks charge AED 5 when payment option OURS is selected
    • For a complete list of fees and charges, refer to bank's schedule of fees and charges.

    Why choose HSBC Current Account?

    HSBC Current Account, in addition to the benefits offered by a regular current account, offers access to several preferential products, services and rewards.

    Frequently Asked Questions - FAQs

    1. What is the HSBC Current Account?

    2. HSBC Current Account is a current account offered by international bank HSBC that offers a host of value-added benefits like free cash withdrawals, discounted shopping and entertainment, and free money transfers.

    3. Who can open a HSBC Current Account?

    4. An UAE citizen or expatriate can open a HSBC Premier account. However, documents may differ for each type of applicant.

    5. Who can apply for HSBC Current Account?

    6. An UAE citizen, a salary earning expatriate or their dependents may apply for HSBC Current Account. The minimum salary credit requirement is AED 7500 and minimum balance AED 3,000.

    7. What are the charges levied on HSBC Premier Account?

    8. HSBC Current account charges AED 1 for domestic funds transfer, for transfer through phone or branch, charges are AED 5. Money transfers with HSBC accounts in UAE are free. Correspondent banks charge AED 5 when payment option OURS is selected. For a complete list of fees and charges, refer to bank’s Schedule of Charges.

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