Premier Accounts in Dubai,
UAE
Premier Account Interest Rates in UAE
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Interest Rate
Loan Amount
Reducing Rate
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Interest/Profit Rate
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CLEAR
AED 100K
AED 0
AED 0
Yes
Yes
Features
- Dedicated Relationship Manager
- No monthly account fee is applied
Benefits
- Cheque book facility;Cannot be opened in approved foreign currency; Standing order service available. Overdraft facility available by arrangement; Bill payment facilities across a wide range of services; Access to the account through ATMs phone banking and BankNet
- None
AED 500K
AED 0
AED 0
Yes
Yes
Features
- This account takes care of all your banking needs.
- This account is offered to UAE nationals and GCC nationals.
Benefits
- There will be a personal Samba Diamond officer for your service.
- With luxurious Samba Diamond centres, you can bank in private and peacefully.
- You can get free access to Samba conference rooms.
- There are no fees for money transfers, cheque books, safety deposit boxes, international cash withdrawals at ATMs and money transfers through pay cash.
- You can avail preferential exchange rates for foreign currencies.
- Exclusive offers at a variety of stores and brands around the world.
- There are no rewards on this account.
Features
- Should have a monthly income or deposit account or a home loan to avail Elite banking service
- A minimum monthly income of AED 40,000 is required
- Provides high-interest rates on the account balance
Features
- Should have a monthly income or deposit account or a home loan to avail Elite banking service
- A minimum monthly income of AED 40,000 is required
- Provides high-interest rates on the account balance
Benefits
- Get complimentary Arab bank Visa Signature credit card with high rewards
- Get dining, shopping and travel benefits on the free credit card
- Get Elite Visa platinum debit card
- High cash withdrawal limit is provided
- Get purchase protection cover on the purchases made using the debit card
AED 350K
AED 50K
AED 0
Yes
Yes
Features
- You can avail both solo and joint accounts with this account.
- You can avail free international VISA debit card accepted at over 25 million outlets.
- High daily cash withdrawal of upto AED 8000 on HSBC UAE outlets.
Features
- You can avail both solo and joint accounts with this account.
- You can avail free international VISA debit card accepted at over 25 million outlets.
- High daily cash withdrawal of upto AED 8000 on HSBC UAE outlets.
- Avail six free over the counter transactions every month, if done using AED transactions.
- Avail 24/7 banking options through mobile banking,internet booking and phone banking.
- You can avail 50 cash deposits across UAE, for instant credit in your account.
- You can also avail 53 cheque deposits in prime locations in UAE.
Benefits
- Get the help of a relationship manager, as and when required.
- Comprehensive wealth solutions, to help support your goals.
- This account offers you the saving plans that offers you the ability to stay committed and adapt to your changing circumstances.
- Digital solutions to easily view your investments.
- You will automatically attain the status of a premier account in all the countries.
- You can access all your HSBC premier accounts online, with a single log in.
- Free international account opening before you arrive at your destination.
- You can also avail replacement for your lost card, as and when required.
AED 0
AED 0
AED 0
Yes
Yes
Overview
- Free cheque book is given
- Free ATM card is provided
- Can avail as joint account as well
Overview
- Free cheque book is given
- Free ATM card is provided
- Can avail as joint account as well
- Free cash withdrawal from ATM
- Monthly account statement is provided for free
- Can get access to the account anytime
AED 100K
AED 15K
AED 0
AED 0
No
Yes
Overview
- Up to AED 2000 is provided as cashback on switching to HSBC
- No charges on cash withdrawal
- Free fund transfer to international accounts
Overview
- Up to AED 2000 is provided as cashback on switching to HSBC
- No charges on cash withdrawal
- Free fund transfer to international accounts
- 50% off on account opening processing fee
- Avalable in multiple currencies
Overview
- Free ADIB Diamond Visa Debit Card is provided
- Cheque book is provided for free
- Relationship manager is provided
Overview
- Free ADIB Diamond Visa Debit Card is provided
- Cheque book is provided for free
- Relationship manager is provided
AED 350K
AED 0
AED 0
Yes
Yes
Overview
- No charges on international cash withdrawal
- 15 teller transactions per month
- Unlimited cheque books are provided
Overview
- No charges on international cash withdrawal
- 15 teller transactions per month
- Unlimited cheque books are provided
- No charges on not maintaining minimum account balance
- No charges on foreign exchange transactions
- Free account statements
AED 360K
AED 30K
AED 0
AED 0
Yes
Overview
- Can avail the account in foreign currency
- Exclusive prices on banking transactions and services
- Free cash withdrawal facility is provided
Overview
- Can avail the account in foreign currency
- Exclusive prices on banking transactions and services
- Free cash withdrawal facility is provided
- Meet and greet services is provided
AED 100K
AED 15K
AED 0
No
Yes
Features
- Interest free overdraft up to AED 5,000
- Global accounts view and instant global transfers
Benefits
- The rate paid to you by the bank on your balance will be up to 0.1% per year; Global accounts view and discounted instant global transfers; Preferential pricing on products; International and emergency services on demand; 50% discount on international account opening services; Interest free overdraft upto AED 5,000 on demand; Free for life Advance card that comes with a wide range of benefits and unlimited supplementary credit cards; Free cheque books; Daily ATM cash withdrawal limit up to AED 10,000; Free ATM cash withdrawals through HSBC ATMs in the UAE and GCC and through non HSBC ATMs in the UAE only; Get free access to the Abu Dhabi HSBC Golf Championship with your HSBC Card
What is a Premier Accounts?
UAE is a land of opportunities and money. Time is of essence here and staying abreast with local and global changes is important for the health of your investments. While normal banking provides you with avenues to manage your regular banking needs, Priority or Premier banking gives you priority over regular customers and provides exclusive perks.
Why do I need a Premier account?
Traditionally, banking was divided in regular and private sections. Apart from regular banking, private banking, which is still available, was focused on providing highly personalized service to affluent customers. People who maintained healthy accounts with banks for a number of years, but didn’t have the money to qualify for private banking, gave rise to the need of Priority banking. It was a stepping stone towards having financial products tailor-made to suit your needs. Nowadays, customers who maintain a healthy bank balance are offered specialised services through Premier/Priority accounts.
Features of Premier Accounts
Let’s look at some benefits that you may experience as a Premier account holder:
- Relation manager assigned to your account to cater to your banking needs.Relation manager assigned to your account to cater to your banking needs.
- Dedicated service area at the branch – no need to stand in queues.
- Free Cheque books.
- Lifestyle benefits like health club access, valet parking, club discounts, etc.
- Preferential rates on loans.
- Seamless International banking.
- Attractive foreign exchange and trade finance rates.
- Free emergency services.
These benefits can vary depending on the bank you choose. Having said that, it is important to note that as a Premier banking customer, you are bound to have some additional benefits over regular account holders.
Types of Premier accounts
As Priority/Premier banking is an additional set of special rates/services offered, these accounts are available as variants of savings, current and deposit accounts. These services are usually provided on the basis of the strength of the average balance maintained with the bank. Usually, the average balance required to be maintained is much higher that a normal account.
Premier Accounts eligibility
Each type of account and bank will have its own eligibility criteria which needs to be checked individually. Some common eligibility criteria are:
Age : Usually, any financial transaction requires the applicant to be at least 18 years of age.
Nationality : Most of the accounts offered by banks are available for UAE residents and non UAE residents alike.
Type of entity : Depending on the type of account and bank you apply to, certain entities are permitted to open accounts in UAE. Some commonly accepted entities are:
- Non-governmental organizations (NGO)
- Public corporations
- Registered societies/associations/clubs, trusts
- Government/semi-government bodies/departments
- Private and public limited companies
- Resident Individual
- Partnership
- Sole trader businesses
- Hindu undivided family
Documents required for Premier Accounts in UAE
As is the case with eligibility, every bank may have its own requirement of documents to process your account application. Apart from the application form, some basic documents needed are:
- Original passport for verification along with a copy
- Copy of the visa
- Proof of address
- ID proof
It is important to note that with mobile-banking, SMS-banking and internet-banking, convenience should no longer be the reason for opening a Premier account. Research well and try to find a premier banking solution that best suits your needs.