Savings Account Provided By HSBC

Zero Balance Free account

Features of HSBC Savings Account

  • You can avail this account both in joint and sole purposes.
  • You need to maintain a minimum balance with this account.
  • You can avail the savings accounts from HSBC in AED and various other international currencies.
  • You can earn interest on this account and avail cash immediately upon your requirements from HSBC.
  • Avail over the counter transactions with your HSBC savings accounts.
  • Get an access to 50 cash deposit machines and 53 cheque deposit machines with your HSBC accounts.
  • There is a very high cash withdrawal if you avail any of the HSBC savings accounts.

Documents Required of HSBC Savings Account

  • Original passport.
  • Valid residence visa.
  • Original Emirates Identification Card.
  • Proof of UAE residence in the form of either a utility bill/ rental/ lease agreement/ title deed/ employment letter.
  • Original labour card/work ID.
  • Original trade license.
  • For income transfer customers, original income transfer letter from the employer must be provided.

HSBC Savings Account

hsbc Bank

2 Savings Accounts Provided By HSBC

Savings Account

Min Balance to Maintain

AED 3K

Monthly Fee

AED 0

Annual Fee

AED 0

Minimum Salary

AED 7.5K

Relationship Manager

No

Currency Account

Yes

AED 3K

Min Balance to Maintain

AED 0

Monthly Fee

AED true

Annual Fee

AED 7.5K

Minimum Salary

No

Relationship Manager

Yes

Currency Account

eSaver

Min Balance to Maintain

AED 0

Monthly Fee

AED 0

Annual Fee

AED 0

Minimum Salary

AED 7.5K

Relationship Manager

No

AED 0

Min Balance to Maintain

AED 0

Monthly Fee

AED true

Annual Fee

AED 7.5K

Minimum Salary

No

Relationship Manager

Benefits

  • A free HSBC Entertainer App with over 8000 Buy-1-Get-1-Free offers.
  • Buy-1-Get-1-Free movie tickets at all VOX Cinemas in the UAE.
  • Discounts of up to 30% at over 400 restaurants, with the I Love Dining program

Frequently Asked Questions

Q. Can I avail a free debit card with HSBC Savings Accounts?

A. Yes you can avail a debit card which can be used internationally at over 25 million outlets and 1 million ATMs.

Q. Do I have to transfer my salary to avail the benefits from my HSBC savings accounts?

A. Yes, you have to transfer your salary to avail any of the benefits from HSBC.

Q. Can I avail cash withdrawals with HSBC savings accounts?

A. Yes, you can avail cash withdrawals from all your HSBC savings accounts.

Q. Is there any online savings account available with HSBC?

A. Yes, there is an account called HSBC eSavers account which can be availed online.

Q. Is there any criteria of balance requirement to open HSBC account online?

A. No, there is no requirement of any balance to open your HSBC account online.

About HSBC

In 1946, the British Bank of Iran and the Middle East commenced banking activities for Middle East citizens. Post withdrawing from Iran, the bank was renamed as the British Bank of the Middle East (BBME). Hong Kong and Shanghai Banking Corporation (HSBC) acquired BBME in 1959 and played a pivotal role in the establishment of the banking sector in the region. HSBC has a sustainability strategy of doing business. The main areas of focus are:

  • Sustainable Finance
  • Sustainable Operations
  • Sustainable Communities

This is in sync with their global sustainability model.