HSBC Current Account

The HSBC current account is a globally accessible banking solution.This account offers a range of benefits, including a complimentary debit card, online and mobile banking, and access to HSBC's global ATM network. With features like multi-currency options and seamless international transfers, it’s ideal for expatriates and nationals. ...read more

HSBC offers three different types of Current Account. These accounts are HSBC Global Private Banking Current Account, HSBC Advance Current Account,HSBC Premier Bank  Current Account,.

The HSBC Current Account is quite convenient to use.

With the HSBC Current Account, you can bank through Phone Banking, Online Banking, and Mobile Banking. Apart from that, the customers can also bank via Express Banking, SMS alerts and face to face Banking.

HSBC Current Account- Features & Benefits

The following are the different types of HSBC current accounts. We have mentioned their features and benefits for your reference:

1. HSBC Global Private Banking Current Account

Feature Type Description
Financial Assistance from Experts
  • Manage your money with expert advice and other tools
Dedicated Professionals
  • A dedicated Relationship Manager for all your banking needs
  • A Service Manager for all your regular banking essentials
Global Money Account
  • Get a free debit card upon opening an account
  • Receive or send money worldwide in multiple currencies
Efficient Wealth Management
  • Option to choose unit-linked insurance plans
  • Select from a range of exchange-traded funds, bonds, mutual funds, and equities for investment
  • Access WorldTrader, HSBC’s investment platform featuring 77 exchanges and 25 markets 
Exclusive Support and Service
  • Enjoy attractive interest rates with HSBC’s online E-Saver account
  • Get preferential rates on term deposits in multiple currencies, including GBP, USD, and AED
  • Free post-dated cheque collections
VIP Facilities
  • Enjoy round-the-clock online banking facilities from anywhere across the world
  • Get last-minute reservations at the leading global and local restaurants across the UAE
  • Entertainment, travel, and dining benefits
  • Access to a digital platform with direct booking for hotels and flights

2. HSBC Premier Bank Current Account

Feature Type Description
Multiple Currencies This HSBC bank account is available in major currencies —
  • USD
  • GBP
  • EUR
  • AED
Family Premier
  • Open a premier account for your spouse and children
  • Children can learn to manage their accounts
  • Option to open an overseas account for education and career abroad
Premier World Benefits
  • Get complimentary HSBC Worldwide Travel Insurance
  • Card replacements within a day in case of theft or loss 
  • Access your account information from anywhere around the world
  • Open a foreign currency account with competitive interest rates
  • Emergency cash of up to USD 10,000 (daily) if your card is stolen or lost

HSBC Debit Card

3. HSBC Advance Current Account

Feature Type Description
Money Transfers
  • Make quick international and domestic transfers
Wealth Solutions
  • Access WorldTrader, HSBC’s investment platform
Global Money Account
  • Receive and send money in multiple currencies
  • Overdraft facility of up to 100% of your salary or AED 50,000 (whichever is lower)
  • Enjoy preferential rates on personal loans
  • Open an international HSBC account and enjoy 50% off on the processing fees

Am I Eligible to Open an HSBC Bank Account in the UAE?

Although each HSBC current account has different eligibility criteria, we have some common requirements you must fulfill to open an account:

Eligibility Type Requirements
Minimum Age 18 Years
Status of Employment Salaried Individual or Self-Employed
Nationality UAE Expatriate or National

Note: Contact the bank to check the eligibility criteria before initiating your application.

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HSBC Current Account- Documents Checklist

A general list of documents is mentioned below, which is essential for opening a bank account in UAE:

  • Emirates ID
  • Passport
  • Latest 6 Months’ Bank Statement
  • Salary Certificate

Note:

  • All documents must be original and valid.
  • The bank may ask you to submit copies of each document.
  • Additional documents may be required.

How Can I Open an HSBC Current Account?

Opening your HSBC bank account is now easy with Policybazaar.ae. With our customer-first focus, we have an intuitive user interface that ensures a smooth and seamless application process. Here’s how you can apply:

  1. Directly access the lead form here.
  2. Complete it and proceed to the quotes page.
  3. Select your preferred HSBC current account and apply.
  4. Once you complete the process, we will verify your application and the submitted documents.

It’s that simple! Open your HSBC account with us and enjoy a hassle free application process! 

Frequently Asked Questions

What are the charges for ordering the statements of my HSBC Current Account?

For any order of the account statement of the HSBC Current Account, the fee is AED 25. However, you will be charged AED 26.25 which is inclusive of the VAT.

Can I make an international money transfer through an HSBC Advance account?

Yes, international money transfers are allowed via the HSBC Advance account.

What is the minimum age for opening a HSBC bank account in the UAE?

You must be at least 18 years old to open a HSBC bank account.

I hold an Advance account with HSBC. What privileges do I have?

You can enjoy the following privileges:

  • Domestic and international money transfers
  • Send and receive money in several major currencies
  • Access to HSBC’s investment platform
  • Get preferential personal loan rates
  • Open an international HSBC account and more

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