Annual Fee Islamic Banking Minimum Balance Multiple Currencies
HSBC BSP Basic Account HSBC BSP Basic Account Annual Fee: AED 0 Islamic Banking: No Minimum Balance: AED 5,000 Multiple Currencies: No
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Business Select Packages (BSP) are hassle free business banking. BSP has 3 kinds of accounts, Standard Corporate Account, BSP basic account and BSP Premium Account.

HSBC BSP Basic Account Features:
  • Low minimum account balance - for all Current Accounts, so you have the flexibility to get what you need
  • Preferential rates on Forex transactions - using USD, GBP, EUR, or JPY currencies
  • Available in AED and in other major foreign currencies
  • Free cash and cheque transactions - using business HSBC ATMs, cash and cheque deposit machines
  • Free Phone Banking services - at the touch of a button
  • Free access to Business Customer Service Centres - bank in extended hours, at our centres around the UAE
Additional Features:
  • Cheque Transaction Limit (Cheque Deposit Machine) - Unlimited
  • Inward Clearing Cheques processing - Unlimited
  • House Cheques processing - Unlimited
  • Cheque Transaction Limit (Over branch counter) - 10 Credit
  • Cash Transaction Limit (Cash Deposit Machine/ ATM Withdrawal) - Free
  • Cash Transaction Limit (Over branch counter) - 10 Credit and 10 Debit
  • Transaction Charges (Deposit Machine/ ATM Withdrawal) - Free
  • Transaction Charges exceeding threshold (Over branch counter) - AED 20
  • Business Telephone Banking subscription and maintenance - Free
  • Outward FCY TT (Manual) - AED 90
  • Outward Local TT (Manual) - AED 65
  • Outward FCY / Local TT (Electronic) - AED 30
  • Inward SWIFT TT (not involving FX convers) - AED 10
  • Monthly Fee - AED 300 monthly Maintenance Fee, additional AED 100 for not maintaining the balance
  • Currency Types - USD, GBP, EUR, or JPY
  • Minimum Balance - AED 5,000 (or equivalent) per account (Relationship Level)
Preferential rates for USD, EUR, JPY and GBP:
  • Fex Margin (GBP) (Buy/Sell) - 0.0210/0.0213
  • Fex Margin (EUR) (Buy/Sell) - 0.0130/0.0133
  • Fex Margin (JPY) (Buy/Sell) - 0.00011/0.00014
  • Fex Margin (USD) (Buy/Se) - 0.0160/0.0165
Noor Business Accounts
Minimum Balance
AED 10,000
Annual Fee
Emirates Islamic - Business Classic
Minimum Balance
AED 10,000
Annual Fee
AED 1,200