|HSBC - Advance Account||Minimum Salary: AED 15,000||Currencies: AED, GBP, USD||Features: Multiple Currencies, Free Cheque Book, Free Credit/Debit Card, Savings Account, Free Cash Withdrawals, Internet banking|
To be eligible for an Advance account, you must meet the following criteria:
- Minimum monthly salary transferred to an HSBC account of AED 15,000 + OR
- Minimum monthly average balance in deposits and/or investments of AED 100,000 (or equivalent in foreign currency) or more
- No charges for cash withdrawals at any bank ATM across the UAE and GCC2
- Preferential rates on personal loans
- Instant international fund transfers through online and mobile banking via Global View and Global Transfers between your global HSBC accounts with no fees3
- Global emergency cash up to USD 10,000 from any HSBC branch abroad in case you lose your wallet while travelling abroad, with no fee4
- 50% discount on processing fee for international HSBC account opening
- Current account available in multiple currencies (AED, USD, GBP and EUR)
- Overdraft access of up to 2 salary multiples or AED 30,000 (whichever is lower) with no fees, and no interest on the first AED 20005
- Up to 10% off British Airways airfares when you book with your HSBC Advance Debit Card
Terms and Conditions apply – please visit our website for more details
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.