Habib Bank AG Zurich (HBL) UAE Business Account

Minimum Salary
0,00 د.إ

Description

Habib Bank AG Zurich provides a Business Current Account and Business Savings Account tailored for SMEs and corporate clients, with low minimum balance requirements, tiered fee waivers, and inclusive transaction allowances. The account features digital banking, trade finance services, and competitive charges for cheque handling, remittances, and corporate documentation.

Features

Account Package Overview

Account Types:
- Business Current Account
- Business Savings Account
Minimum Average Balance (MAB): AED 2,000 to waive maintenance fee
Monthly Maintenance Fee: AED 52.50 (waived if MAB ≥ AED 2,000)
Account Opening Fee: Free
Account Closure Fee: AED 105 if closed within six months
Free Transactions per Month: First 6 teller transactions; unlimited online transactions

Key Features & Benefits

HBZ Visa Business Debit Card: Free issuance; AED 26.25 replacement fee
Digital Banking: HBZWeb platform for real-time account management, fund transfers, bill payments, and e-statements
Trade Finance & Cash Management: Murabaha financing, letters of credit, and treasury products
Alerts & Reporting: SMS/email alerts, monthly statements, and audit confirmation services

Eligibility Criteria

Entity Types: UAE-incorporated entities including LLCs, sole establishments, branches, and freelancers with valid permits
Signatories: Must hold valid UAE residence visa and Emirates ID
Trade License: Valid and current, matching business activity

Detailed Schedule of Fees

Category	Service	Fee (AED)
Account Maintenance	Monthly Maintenance Fee (MAB < AED 2,000)	52.50
	Account Closure (≤ 6 months)	105
Teller Transactions	First 6 free/month; subsequent per transaction	10.50
Cheque Services	Cheque Book Issuance (first book)	Free
	Additional Cheque Leaves (per leaf)	1.05
	Cheque Return (inward/outward)	157.50
	Stop Payment Instruction	52.50
Card Services	Business Debit Card Issuance	Free
	Debit Card Replacement	26.25
Statements & Reports	Duplicate Account Statement (branch)	26.25
	Electronic Statement	Free
Funds Transfers & Remittances	Local Transfer (other UAE banks)	21.00
	HBZ-internal Transfer	Free
	International Transfer (online)	126.00 + correspondent fees
	SWIFT Copy	105.00
Standing Instructions	SI Setup/Amendment	52.50
	SI Cancellation	105.00
Corporate Documentation	Balance Certificate	63.00
	Liability Certificate	52.50
	Audit Confirmation Report	63.00

Documents Required

Corporate Documentation:
- Valid Trade License and Commercial Registration certificate
- Memorandum & Articles of Association (and amendments)
- Board Resolution or Power of Attorney authorizing signatory powers
Identity Documentation (each signatory):
- Passport copy with valid UAE residency visa
- Emirates ID copy
Proof of Address:
- Utility bill, Ejari tenancy contract, or bank statement dated within last 3 months
Financial Documentation:
- Six months’ bank statements (company or UBO)
- VAT registration certificate (if applicable)

Additional Info

The HBL Business Current Account is ideal for SMEs and corporates seeking an affordable, digitally-enabled banking solution with flexible fee waivers, inclusive transaction allowances, and access to Islamic-compliant trade finance products.