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HSBC



HSBC Current Account

HSBC Current Account

Get the bank account with everything you need

An HSBC Current Account is a transactional account offering 24/7 access through internet banking, allowing you to manage your money with ease.

With an HSBC Current Account, you get:

Choice of currencies

Your Current Account is available in Qatari Riyals Only.

Free international debit card

Your HSBC Debit Card can be used to make purchases at 25 million outlets worldwide and grants you access to your accounts at over 1 million ATMs around the globe.

24/7 banking to suit your needs

Free Internet Banking, Phone Banking, Mobile Banking and SMS Alerts.

High withdrawal limits

Withdraw up to QAR 8,000 from ATMs.

Convenience

Manage your money online; enjoy instant access to your savings and interest from the convenience of your home or anywhere in the world.

Plus:
  • Link up to two additional bank accounts to your debit card
  • First cheque book free (available for Qatari Riyal current accounts only)
  • Overdrafts and standing instructions
PERSONAL ACCOUNT
Account opening fees Free
Account closure fee (if closed within one year of opening) QAR 50
Standing instruction setup (through the branch) QAR 50 per instruction Free through internet or phone banking
Penalty fee for insufficient funds to meet a Standing Instruction payment QAR100
Account balance letter QAR20
No liability certificate QAR20
Clearance letter QAR20
Monthly charge for inactive account (if amount is less than QAR 500) QAR 10
Statement of account Free
Cash/Cheque deposit and withdrawal at teller counter QAR 10 per transaction (withdrawals up to QAR 1,000 and deposits up to QAR 10,000)
CHEQUES
Cheque Book First cheque book free
QAR10 for subsequent cheque book requests
Issuing of a cashier's order QAR 25
Issuing of demand draft (foreign currency) QAR 25
Cheque payable at centres where central bank clearing facility is not available QAR 100 per cheque
Returned cheques deposited in own account Free
Cheques for collection within Qatar Free
Stop payment (per instrument/cheque) QAR25
Counter cheques - cash withdrawal up to QAR 1,000 QAR 10 per transaction
Cheque copy QAR10 (less than one year)
QAR20 (over one year)
DEBIT CARDS
Issuing Debit card Free
Reissuance of Debit card PIN QAR10
Debit card annual fee Free
Debit card replacement fee QAR50
Usage fee in Qatar at HSBC ATMs
Cash withdrawal/deposit Free
Balance enquiry Free
Mini-statement Free
Transfer within HSBC Qatar accounts Free
HSBC credit card payment Free
Other Bank ATMs in Qatar (via NAPS)
Cash withdrawal Free
Balance enquiry Free
ATMs in AGCC Member States
Cash withdrawal QAR6 per transaction + exchange rate
Balance enquiry (Rate per transaction) QAR3
HSBC ATMs and CIRRUS/PLUS ATMs Internationally
Cash withdrawal QAR15 per transaction + exchange rate
Balance enquiry (Rate per transaction) Free
Foreign currency transactions on debit cards Debit card transactions that are not in your billing currency will be
converted at a wholesale market rate,
attracting a processing fee of up to 2.75%.
Copy of sales slip (debit cards retail transaction) QAR25
PHONE BANKING
Reissuance of phone banking PIN Free
Funds transfer between HSBC Qatar accounts Free
PERSONAL INTERNET BANKING
Funds transfer between HSBC Qatar accounts Free
E-statements Free
Setup of standing instructions Free
OTHER BENEFITS
Credit card membership fees Annual membership fees apply
Deposit or withdrawal in currency notes other than QAR 1% (minimum QAR25)
INWARD REMITTANCES
In QAR
If paid to beneficiary in cash*

- Account holder
- Non-account holder


Free
QAR 150
If credited to the beneficiary's account

- Account holder
- Non-account holder


Free
Not applicable
In foreign currency
If paid in QAR to the beneficiary*

- Account holder
- Non-account holder


Free
QAR150
If credited to the beneficiary's foreign currency a/c in the same currency*

- Account holder
- Non-account holder



USD 20 (equivalent)
Not applicable
If paid in currency notes other than QAR 1% (minimum QAR25)
Outward remittances
To non-HSBC accounts
Telegraphic transfer (TT)
Local/Central bank TT issuance

- Electronic
- Manual


QAR10
QAR10
International TT Issuance

- Electronic
- Manual


QAR15
QAR15
Additional charge to send international TTs in full outside HSBC Group (charges 'OUR')

- Electronic/Manual



QAR91
Recall of TT funds or investigation of TT status

- Electronic/Manual


QAR70 (plus correspondent bank charges)
To HSBC accounts
Between HSBC Qatar accounts

- Electronic/Manual


Free
International TT issuance to accounts within HSBC Group entity

- Electronic
- Manual


QAR15
QAR15
International TT issuance to own accounts within HSBC Group entity using 'saved template' via internet banking

- Electronic



QAR15
Additional charge to send payment in full within HSBC Group (charges 'OUR')

- Electronic/Manual



QAR91
Cashier order
Issuance

- Electronic
- Manual



QAR25
Cancellation (with original returned)

- Electronic/Manual


QAR50
Stop payment
- Electronic/Manual

QAR50


*Applicable on beneficiary deduct remittances only.
**For cheque(s) accepted for collection, processing time will be approximately six to eight weeks and drawee bank charges may apply.

Notes

(1) Electronic - Transactions originating from internet banking and electronic standing instructions

(2) Manual - Transactions originating through branches and telephone banking

a) Beneficiary of the remittance may be required to pay a charge depending on the conditions set by the remitter or his/her bank

b) If the amount is to be credited in another currency to an HSBC account, the prevailing exchange rate will apply

c) Above charges are HSBC Qatar charges only. Other banks, including HSBC offices abroad, may deduct their charges from the remittance amount. Correspondent bank fee of QAR 91 will be applied if remitter chooses to bear all charges. USD25 will be charged as our correspondent bank charges for all USD transfers where the final beneficiary is not HSBC in the US

d) All cross border payments must include the mandatory details as required by each country. Payments with incomplete information can be returned or rejected (less a fee) by the receiving bank

Sole Account

You need to complete the Current Account opening process by personally visiting any of our Branches in Qatar with the following documents:

  • Original Passport with valid Work Permit/ Residence and Qatar ID issued by Ministry of Interior (Expatriates)
  • Qatar ID issued by Ministry of Interior (Nationals)
  • Salary Transfer Letter
  • Introduction Letter from Employer
  • Proof of residence - copy of telephone bill/ rental agreement/ electricity bill

Joint Account

Both you and your joint applicant(s) need to complete the Current Account opening process by personally visiting any of our Branches in Qatar with the following documents:

  • Original Passport with valid Work Permit/ Residence and Qatar ID issued by Ministry of Interior (Expatriates)
  • Qatar ID issued by Ministry of Interior (Nationals)
  • Salary Transfer Letter
  • Introduction Letter from Employer
  • Proof of residence - copy of telephone bill/ rental agreement/ electricity bill

Enjoy banking with an HSBC Current Account – the only bank account you will ever need.

For General Terms and Conditions click here

Ready to apply? Apply Now

*Terms & conditions apply

HSBC Current Account

Get the bank account with everything you need

Overview

An HSBC Current Account is a transactional account offering 24/7 access through internet banking, allowing you to manage your money with ease.

With an HSBC Current Account, you get:

Choice of currencies

Your Current Account is available in Qatari Riyals Only.

Free international debit card

Your HSBC Debit Card can be used to make purchases at 25 million outlets worldwide and grants you access to your accounts at over 1 million ATMs around the globe.

24/7 banking to suit your needs

Free Internet Banking, Phone Banking, Mobile Banking and SMS Alerts.

High withdrawal limits

Withdraw up to QAR 8,000 from ATMs.

Convenience

Manage your money online; enjoy instant access to your savings and interest from the convenience of your home or anywhere in the world.

Plus:

  • Link up to two additional bank accounts to your debit card
  • First cheque book free (available for Qatari Riyal current accounts only)
  • Overdrafts and standing instructions

Fees and Charges

PERSONAL ACCOUNT
Account opening fees Free
Account closure fee (if closed within one year of opening) QAR 50
Standing instruction setup (through the branch) QAR 50 per instruction Free through internet or phone banking
Penalty fee for insufficient funds to meet a Standing Instruction payment QAR100
Account balance letter QAR20
No liability certificate QAR20
Clearance letter QAR20
Monthly charge for inactive account (if amount is less than QAR 500) QAR 10
Statement of account Free
Cash/Cheque deposit and withdrawal at teller counter QAR 10 per transaction (withdrawals up to QAR 1,000 and deposits up to QAR 10,000)
CHEQUES
Cheque Book First cheque book free
QAR10 for subsequent cheque book requests
Issuing of a cashier's order QAR 25
Issuing of demand draft (foreign currency) QAR 25
Cheque payable at centres where central bank clearing facility is not available QAR 100 per cheque
Returned cheques deposited in own account Free
Cheques for collection within Qatar Free
Stop payment (per instrument/cheque) QAR25
Counter cheques - cash withdrawal up to QAR 1,000 QAR 10 per transaction
Cheque copy QAR10 (less than one year)
QAR20 (over one year)
DEBIT CARDS
Issuing Debit card Free
Reissuance of Debit card PIN QAR10
Debit card annual fee Free
Debit card replacement fee QAR50
Usage fee in Qatar at HSBC ATMs
Cash withdrawal/deposit Free
Balance enquiry Free
Mini-statement Free
Transfer within HSBC Qatar accounts Free
HSBC credit card payment Free
Other Bank ATMs in Qatar (via NAPS)
Cash withdrawal Free
Balance enquiry Free
ATMs in AGCC Member States
Cash withdrawal QAR6 per transaction + exchange rate
Balance enquiry (Rate per transaction) QAR3
HSBC ATMs and CIRRUS/PLUS ATMs Internationally
Cash withdrawal QAR15 per transaction + exchange rate
Balance enquiry (Rate per transaction) Free
Foreign currency transactions on debit cards Debit card transactions that are not in your billing currency will be
converted at a wholesale market rate,
attracting a processing fee of up to 2.75%.
Copy of sales slip (debit cards retail transaction) QAR25
PHONE BANKING
Reissuance of phone banking PIN Free
Funds transfer between HSBC Qatar accounts Free
PERSONAL INTERNET BANKING
Funds transfer between HSBC Qatar accounts Free
E-statements Free
Setup of standing instructions Free
OTHER BENEFITS
Credit card membership fees Annual membership fees apply
Deposit or withdrawal in currency notes other than QAR 1% (minimum QAR25)
INWARD REMITTANCES
In QAR
If paid to beneficiary in cash*

- Account holder
- Non-account holder


Free
QAR 150
If credited to the beneficiary's account

- Account holder
- Non-account holder


Free
Not applicable
In foreign currency
If paid in QAR to the beneficiary*

- Account holder
- Non-account holder


Free
QAR150
If credited to the beneficiary's foreign currency a/c in the same currency*

- Account holder
- Non-account holder



USD 20 (equivalent)
Not applicable
If paid in currency notes other than QAR 1% (minimum QAR25)
Outward remittances
To non-HSBC accounts
Telegraphic transfer (TT)
Local/Central bank TT issuance

- Electronic
- Manual


QAR10
QAR10
International TT Issuance

- Electronic
- Manual


QAR15
QAR15
Additional charge to send international TTs in full outside HSBC Group (charges 'OUR')

- Electronic/Manual



QAR91
Recall of TT funds or investigation of TT status

- Electronic/Manual


QAR70 (plus correspondent bank charges)
To HSBC accounts
Between HSBC Qatar accounts

- Electronic/Manual


Free
International TT issuance to accounts within HSBC Group entity

- Electronic
- Manual


QAR15
QAR15
International TT issuance to own accounts within HSBC Group entity using 'saved template' via internet banking

- Electronic



QAR15
Additional charge to send payment in full within HSBC Group (charges 'OUR')

- Electronic/Manual



QAR91
Cashier order
Issuance

- Electronic
- Manual



QAR25
Cancellation (with original returned)

- Electronic/Manual


QAR50
Stop payment
- Electronic/Manual

QAR50


*Applicable on beneficiary deduct remittances only.
**For cheque(s) accepted for collection, processing time will be approximately six to eight weeks and drawee bank charges may apply.

Notes

(1) Electronic - Transactions originating from internet banking and electronic standing instructions

(2) Manual - Transactions originating through branches and telephone banking

a) Beneficiary of the remittance may be required to pay a charge depending on the conditions set by the remitter or his/her bank

b) If the amount is to be credited in another currency to an HSBC account, the prevailing exchange rate will apply

c) Above charges are HSBC Qatar charges only. Other banks, including HSBC offices abroad, may deduct their charges from the remittance amount. Correspondent bank fee of QAR 91 will be applied if remitter chooses to bear all charges. USD25 will be charged as our correspondent bank charges for all USD transfers where the final beneficiary is not HSBC in the US

d) All cross border payments must include the mandatory details as required by each country. Payments with incomplete information can be returned or rejected (less a fee) by the receiving bank

Required Documents

Sole Account

You need to complete the Current Account opening process by personally visiting any of our Branches in Qatar with the following documents:

  • Original Passport with valid Work Permit/ Residence and Qatar ID issued by Ministry of Interior (Expatriates)
  • Qatar ID issued by Ministry of Interior (Nationals)
  • Salary Transfer Letter
  • Introduction Letter from Employer
  • Proof of residence - copy of telephone bill/ rental agreement/ electricity bill

Joint Account

Both you and your joint applicant(s) need to complete the Current Account opening process by personally visiting any of our Branches in Qatar with the following documents:

  • Original Passport with valid Work Permit/ Residence and Qatar ID issued by Ministry of Interior (Expatriates)
  • Qatar ID issued by Ministry of Interior (Nationals)
  • Salary Transfer Letter
  • Introduction Letter from Employer
  • Proof of residence - copy of telephone bill/ rental agreement/ electricity bill

 

Enjoy banking with an HSBC Current Account – the only bank account you will ever need.

For General Terms and Conditions click here

*Terms & conditions apply

Ready to apply?

Simply complete the online application form to start the process
 

Have us call you



 

Or call

+974 4442 HSBC