HSBC UAE Business Account

Minimum Salary
0,00 د.إ

Description

HSBC UAE offers three primary Business Current Account options under the Business Select Packages (BSP)—Standard, Basic, and Premium—each designed to suit varying business sizes and transaction volumes in AED and major foreign currencies. All accounts feature global connectivity, digital banking, and preferential rates on FX and trade services. A minimum balance of AED 20,000 (or currency equivalent) is required to avoid service fees.

Features

Account Package Overview

Feature	Standard Corporate Account	BSP Basic Account	BSP Premium Account
Minimum Balance	AED 20,000	AED 10,000	AED 50,000
Service Charge (if below min. balance)	AED 150/mo	AED 100/mo	AED 50/mo
Free Cheque & Cash Transactions (branch)	5 credits (cash+cheque)	5 credits (cash+cheque)	Unlimited
ATM & Deposit Machine Transactions	Unlimited free	Unlimited free	Unlimited free
FX Online Transfers	AED 40	AED 40	AED 40
FX Manual Transfers	AED 75	AED 75	AED 75
Local Manual Transfers	AED 75	AED 75	AED 75
Local Online Transfers	Free	Free	Free
Inward SWIFT	AED 22	AED 22	AED 22
Outward SWIFT (BEN/SHA)	AED 40	AED 40	AED 40
Outward SWIFT (OUR)	AED 100	AED 100	AED 100
Phone Banking Subscription	Free	Free	Free
Business Online Banking Setup & Maintenance	Free	Free	Free

Key Features & Benefits

Multi-Currency Accounts: Hold and transact in AED, USD, GBP, EUR, or JPY.
Global Payments: Free international transfers to select countries; preferential FX rates.
Digital Banking: HSBCnet platform for real-time transactions, bulk payments, and reporting.
Cash Management: Unlimited free ATM withdrawals across GCC and cash deposit machines.
Relationship Support: Dedicated business centres and relationship managers for Premium clients.
Trade Services: Access HSBC TradePay, open account trade, and receivables finance solutions.

Eligibility Criteria

Annual Turnover: Up to USD 50 million (AED 180 million equivalent).
Entity Types: UAE-registered companies (mainland or free zone), branches of foreign entities, professional partnerships, and licensed freelancers.
Signatories: Must be at least 18 years old, hold valid UAE residence visa and Emirates ID.
Account Conduct: Maintain the minimum average balance to avoid service charges.

Detailed Schedule of Fees

Category	Service	Fee (AED)
Account Maintenance	Monthly service charge (below min. balance)	150 (Std) / 100 (Basic) / 50 (Prem)
	Account opening	Free
	Account closure (≤ 6 months)	500
	Dormant account reactivation (annual)	100
Branch Transactions	Cash deposit & withdrawal (branch credit/debit)	Unlimited free
	Teller cash transaction (beyond credits)	20 per transaction
ATM & CDM	ATM withdrawal (HSBC UAE)	Free
	ATM withdrawal (other UAE ATMs)	Free
	Cash deposit machine (CDM)	Free
Cheque Services	Cheque book issuance	Free
	Cheque transaction limit (branch)	5 credits
	Cheque clearing (inward)	Unlimited free
	Stop payment instruction	75
Transfers & Remittances	Local online transfer	Free
	Local manual transfer	75
	Outward FX online transfer	40
	Outward FX manual transfer	75
	Inward FX (SWIFT)	22
	Outward FX (SWIFT BEN/SHA)	40
	Outward FX (SWIFT OUR)	100
Digital Channels	HSBCnet subscription & maintenance	Free
	Phone Banking subscription	Free
Value-Added Services	Bulk payment uploads	As per agreement
	TradePay integration	As per agreement

Documents Required

Corporate Documentation:
- Memorandum & Articles of Association (and any amendments)
- Trade License and Commercial Registration certificate
- Board Resolution or Power of Attorney authorizing account opening and signatories
Identity Documentation (for each signatory):
- Passport copy showing valid UAE residence visa
- Emirates ID copy
Proof of Address:
- Ejari tenancy contract, recent utility bill, or bank statement (≤ 3 months old)
Supporting Documents (as applicable):
- Six months’ bank statements (company or personal)
- VAT registration certificate
- Business plan or company profile for startups or Specialised Industry sectors

Additional Info

Standard Account is suitable for small businesses with lower transaction volumes.
BSP Basic caters to growing SMEs needing moderate free transactions.
BSP Premium benefits larger businesses requiring unlimited transactions and dedicated relationship support.

All fees and charges are exclusive of 5% VAT unless stated otherwise.