HSBC Bank Accounts

HSBC bank was established in the year 1885 under the name “Imperial Bank of Persia”. It was a British Bank. However, after the 1979 Iranian revolution, the Bank is known as HSBC Bank Middle East Limited.

HSBC Bank offers 7 different types of account in the UAE. These accounts are HSBC Premier Account, HSBC Advance Account, HSBC Personal Banking Account, HSBC Flexi Account, HSBC Savings account, HSBC Term Deposit Account, and the HSBC E-Saver Account.

The documents requirement remains the same for most HSBC Account. Although, the HSBC Accounts in the UAE come with different sets of features and benefits.

Types of HSBC Bank Accounts in UAE

HSBC Current Account

HSBC Fixed Deposit Account

HSBC Saving Account

 Features and Benefits of HSBC Bank Account Opening Online

The features and benefits of the HSBC Account are given below according to the type of Accounts:

How to Open a HSBC Bank Account Via Policybazaar UAE? 

For opening a HSBC bank account through Policybazaar.ae, follow the set of instructions given below:

1. Open our website, www.policybazaar.ae and click on the ‘Banking Products’ drop-down. 
2. Click ‘Open Bank Account’. 
3. Fill out the lead form with the necessary information, such as name, nationality, type of account, salary, and more. 
4. Submit it to view an appropriate quotes page. 
5. Find the HSBC bank account and click ‘Apply’. 
6. You will taken to the bank’s page. Complete the further steps as instructed. 

Note: In case you face any issues or have any queries regarding the HSBC bank account, reach out to our customer support team via call or email.

Eligibility Criteria to Open an HSBC Account

For HSBC Bank account opening, you must fulfil the following eligibility criteria-

HSBC Premier Account:

• Minimum requirement of 350,000 AED for a monthly balance in deposits/investments
• Transfer of 50,000 AED or above in net income per month
• AED 3 million or above in mortgage drawdown for the first 2 years

HSBC Advance Account:

• Salary transfer to any HSBC account with a minimum AED 15,000 every month
• Minimum requirement of 100,000 AED for a monthly balance in deposits/investments

Documents Required to Open an HSBC Bank Account in the UAE

The documents required to open an account with HSBC in UAE:

How to Open an HSBC Bank Account Online Via Policybazaar UAE? 

For opening an HSBC bank account through Policybazaar.ae, simply follow these steps-

1. Open our website: policybazaar.ae and click on the ‘Banking Products’ drop-down. 
2. Click on ‘Open Bank Account’. 
3. Fill out the lead form with the necessary information such as your name, nationality, type of account, salary, and more. 
4. Submit it to get to the bank account quotes page. 
5. Find the relevant HSBC bank account and click ‘Apply’. 
6. Complete the further steps as instructed.

HSBC Bank Account FAQs