Advance Current Account
Have everything you need from a current account, paired with all the privileges of HSBC Advance. Like always having a team of dedicated Relationship Managers on hand.
| International debit card: * | Monthly transactions: | Monthly fee*: | Internet banking: |
|---|---|---|---|
| Free | Unlimited and free | BHD 5 | Yes |
Here's what you get:
- A Current Account available in BHD Dinars, US dollars, euro and pound sterling*
- A team of Relationship Managers – they'll help you maximize your money and spot suitable investment opportunities
- Link up to two additional accounts to your debit card. So you can access all your accounts, any time you need
- Get accepted at over 25 million retail outlets worldwide and over 1 million ATMs
- Withdraw up to BHD 1,500 from HSBC Bahrain ATMs and Bahrain Switch ATMs, daily
- Link up to two additional accounts to your debit card*, so you can access all your accounts, any time you need
Plus:
- Free Internet Banking, Phone Banking and SMS alerts – bank where and when it suits
- Free cheque books – and if your card is lost or stolen, use 'Stop Cheque'
| HSBC Advance* | |
|---|---|
| Monthly income | BHD 500/- (Equivalent) |
| Combined average relationship balance | BHD 10,000/- (Equivalent) |
| Banking Service Charges | |||
| Branch Banking | Advance* | Additional information | |
| Account charges | |||
| Savings accounts: | |||
| Monthly Minimum Balance | 20.000 | or equivalent amount in foreign currency | |
| Monthly Charge if below minimum Balance | 1.000 | * CBB exemptions may apply | |
| Current Accounts | |||
| Monthly Minimum Balance | 500.000 | or equivalent amount in foreign currency | |
| Monthly Charge if below minimum Balance | 8.000 | ||
| Overdrawn Current Account (Monthly) | 5.000 | ||
| Issuing Cheque Books: | |||
| Large | 5.000 | Free | |
| Fixed Deposits | |||
| Minimum Deposit Amount | 1,000.000 | or equivalent amount in foreign currency | |
| Breaking prior to maturity (irrespective of tenure) | 25.000 | This charge will be waived if the fixed deposit is being broken for the purpose of investing the entire amount with HSBC Financial Planning Services Products | |
| Other Charges | |||
| Branch Banking | Advance* | Additional information | |
| Standing Order | |||
| Internal Transfer | No Charge | ||
| External Transfer | Refer to Wire Transfer charges | ||
| Set-up | 3.000 | ||
| Amendments | 3.000 | ||
| Penalty for insufficient funds | 10.000 | ||
| Copy of Account Statement - past one year | 5.000 | ||
| Copy of Account Statement - over 1 year old | 10.000 | BD10/- per year per account | |
| Copy of Transaction Documents | 10.000 | ||
| Savings Certificate Replacement | 10.000 | ||
| Balance Certificate | 10.000 | ||
| Stop Payment | 10.000 | ||
| Discharge Certificate (Non-liability Certificate) | 10.000 | ||
| Verification of Documents | 10.000 | May be done only for HSBC Group Banks | |
| Cheque Collection | |||
| Branch Banking | Advance* | Additional information | |
| Incoming Cheques | No Charge | ||
| Outgoing Cheques | No Charge | ||
| Cheque Returned by the Bank | No Charge | Cheques drawn on other banks returned unpaid | |
| Cheque Returned to the Bank | 10.000 | Cheques drawn on HSBC returned unpaid for the reason: refer to drawer/not arranged for/ represent |
|
| Special Clearing | 5.000 | per cheque | |
| Foreign Currency Cheques Sent for Collection | 10.000 | per cheque | |
| Cheques Purchased | BD 10/- for postage, commission - 0.2% of the cheque amount, minimum BHD5/- max 200/- | ||
| FCY Inward Remittances | 0.2% | Minimum BHD 5/- Max BHD 200/- | |
| Cash Withdrawal Charges | |||
| Branch Banking | Advance* | Additional information | |
| Over the Counter withdrawal belowBHD 1500/- | N/a | 3.000 | |
| Over the Counter withdrawal belowBHD 1000/- | 3.000 | N/a | per withdrawal |
| Counting coins | 5.000 | BHD 5/- regardless of the amount being counted | |
| Cash withdrawal from foreign currency accounts | 4.00% | except for USD - 1% | |
| Cash deposit into foreign currency accounts | 4.00% | except for USD - 1% | |
| Remittance Fees | |||
| Branch Banking | Advance* | Additional information | |
| Issue of Demand Draft through Cheque/Account | 7.000 | DDs will not be issued against cash or cheques over the counter |
|
| Issue of Demand Draft Against Cash | n/a | Not available | |
| Cancellation of Demand Draft | 5.000 | ||
| Collection of International Managers Cheque | 12.000 | BD5/- if drawn on HSBC Group | |
| Issue of Cashier's Order | 5.000 | ||
| Issue of Cashier's Order (against cash) | n/a | Not available | |
| Cancellation of Cashiers Order | 10.000 | ||
| Remittance (Door-to-door): (through courier) | n/a | Not available | |
| Fixed TT Charges when Overseas charges are to be debited to the account of the remitter - charges will be debited to the account the following day | for Euro transfers (BHD 1.500); for GBP transfers (BHD 1.000); for SAR transfers (SAR 20.000); for QAR transfers (QAR 50.000); for USD transfers (USD 25.000 = BHD 9.45) |
||
| Payment Investigation Charges - applicable for TTs rejected for errors |
5.000 | Charge is applicable for each instance that the transfer is resubmitted | |
| Wire Transfer (Swift) | |||
| Branch Banking | Advance* | Additional information | |
| Within Kingdom of Bahrain | 5.000 | BD 3/- if made over the internet | |
| Outside Bahrain – HSBC Group Banks | 7.000 | BD 5/- if done over the internet | |
| Outside Bahrain – non-HSBC Group Banks | 8.000 | BD 6/- if done over the internet | |
| Global Transfers (Me2Me) | n/a | $7.000 | Applicable for transfers made over the internet |
| Debit Cards (Local and International) | |||
| Branch Banking | Advance* | Additional information | |
| Initial | No Charge | ||
| Replacement | 5.000 | ||
| Cash Withdrawal & Balance Inquiry | |||
| HSBC ATMs in Bahrain | No Charge | ||
| Other Bank's ATMs in Bahrain | 0.200 | ||
| HSBC ATMs outside Bahrain | 1.000 | Applicable exchange rate | |
| Non-HSBC ATMs outside Bahrain | 2.000 | Applicable exchange rate | |
| Reissue ATM PIN Code | 5.000 | ||
| Balance Inquiry | Same charges apply as with cash withdrawal | ||
| Credit Cards | |||
| Branch Banking | Advance* | Additional information | |
| Finance Charge – Classic Cards | 2.50% | ||
| Finance Charge – Gold Cards | 2.50% | ||
| Finance Charge – Advance Cards | 2.25% | ||
| Finance Charge – Premier Cards | 2.00% | ||
| Annual Membership –Classic Cards | 20.000 | ||
| Annual Membership –Gold Cards | 30.000 | Free* | * If status against deposits 1st year free |
| Annual Membership –Premier Cards | Free | ||
| The existing Finance Charge and Annual Fees will remain the same for all bank performed upgrades from Classic to either Gold or Advance Credit Cards. | |||
| Card Replacement | 5.000 | 5.000 | |
| PIN Reissue | 5.000 | 5.000 | |
| Credit Card Cash Withdrawal Fee | |||
| Inside Bahrain | 5.00% | Minimum BD 10.000 | |
| Outside Bahrain | 5.00% | Minimum BD 10.000 | |
| * Standard Finance Charges apply on all Cash withdrawls | |||
| Processing Fee for Foreign Currency Transaction | Up to 2.50% on foreign currency transactions | ||
| Late Payment (monthly charge) | 15.000 | 15.000 | |
| Insurance | 0.65% of the outstanding amount | ||
| Over Limit (monthly charge) | 12.000 | 12.000 | |
| Return Cheque | 10.000 | ||
| Loans | |||
| Branch Banking | Advance* | Additional information | |
| Annual Percentage Rate (APR) for Personal Loans | 8.31%♦ | 7.71%♦ | 7 year P.Loan for BD10,000/- (conditions apply) |
| Administration fees for Personal Loans | 4.5% (min BD100) | 2.5% (min BD100) | |
| Insurance for Personal Loans | 1.5% of the loan amount | ||
| Interest Rate for Auto Loans [NEW vehicle] | 7.50% | 5 year Auto Loan (Conditions apply) | |
| Interest Rate for Auto Loans [USED vehicle] | 8.50% | 5 year Auto Loan (Conditions apply) | |
| Administration Fees for Auto Loans | BD120/- for New vehicle, BD130/- for used vehicle | ||
| Life Insurance for Auto Loans | 0.5% of the loan amount | ||
| Vehicle Insurance for Auto Loans | To be arranged by the customer | ||
| Administration for Mortgage Loans | 1% of the loan amount or BD200/- whichever is higher | ||
| Life Insurance for Mortgage Loans | n/a | To be arranged by the customer | |
| Partial Settlement | 1% of outstanding OR BD100/- whichever is lower | ||
| Overdrafts | |||
| Branch Banking | Advance* | Additional information | |
| Interest Rates | Ranges from 10.25% to 13.75% based on financial assessment | ||
| Administrative Fees | Ranges from 0.75% to 1.00% | ||
| Early Settlement Fees | |||
| Personal/Auto Loans | 1% of outstanding OR BD100/- whichever is lower | ||
| Mortgage Loans | 0.75% of outstanding OR BD200/- whichever is lower | ||
| Postponement of Installment | 25.000 | BD25/- per installment + interest | |
| Loan Past Due (monthly) | 10.000 | 2% Penalty Interest to be charged in addition to the Late Payment Fee. | |
| Loan Balance Certificate | 10.000 | ||
| Payment Investigation Charges | |||
| Branch Banking | Advance* | Additional information | |
| Requested | |||
| Amendment – Requested by customer | 5.000 | ||
| Beneficiary claim no receipt – Customer error | 5.000 | ||
| Recall Funds – Less than six months | 5.000 | Additional USD 40/- will be charged for other Bank charges. | |
| Recall Funds – More than six months | 10.000 | Additional USD 80/- will be charged for other Bank charges. | |
Bahraini Nationals & GCC Nationals
Current/valid CPR copy OR current/valid Smart Card
If CPR/Smart Card is under issuance:
- A letter issued by CPR/Smart Card regarding the address OR letter issued from the employer confirming the current residential address
- Current/valid passport copy
- Signed the undertaking letter
- Proof of address
Expat Residence of Bahrain
- Current/valid passport copy along with the residence permit page
- Current/valid CPR
If CPR is under issuance:
- A letter issued by CPR regarding the address OR letter issued from the employer confirming the current residential address
- Signed the undertaking letter
- Proof of address
Expat non-residence of Bahrain
- Current/valid passport copy OR Current/valid ID
- Proof of address
Get an everyday account with HSBC Advance.
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