Annual Fee | Islamic Banking | Minimum Balance | Multiple Currencies | |
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Annual Fee: AED 0 | Islamic Banking: No | Minimum Balance: AED 5,000 | Multiple Currencies: No |
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:
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
- 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)
- 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