Al Hilal Bank has taken an important step towards making the banking experience simple and affordable in the UAE (United Arab Emirates). Their Current Account is specially designed for individuals who make frequent transactions and want a convenient and flexible banking solution.
This account comes with a zero-balance facility, which means you do not need to maintain a minimum amount in the account. Additionally, this account offers a host of benefits, including a free debit card, free e-statements, free local and international transfers and more.
This account has many features and benefits, which will be explained in detail in this article. Also, we will also check whether you are eligible to open this account and what documents will be required for it.
Al Hilal Bank Current Account Overview
Al Hilal Bank Current Account offers zero-balance operation, meaning you do not need to maintain a minimum balance in the account. If you open this account, then many banking facilities are provided to you. Before opening the account, you must take a look at the overview given here:
| Feature Description | Details |
|---|---|
| Account Type | Current Account |
| Shariah Compliance | Yes |
| Minimum Balance Requirement | None |
| Debit Card | MasterCard Debit Card (Virtual and Physical) |
| Check Book Facility | Available (Under Implementation) |
| Cash Withdrawal Fees | Free at ADCB ATMs |
| Multiple Account Management | Yes, with a single debit card |
| Local and International Transfer Fees | None |
| e-Statements | Free |
| Eligibility | UAE/GCC Nationals and residents with valid Emirates ID |
| Required Documents | Application form, Passport and copy, Original Emirates ID, Residence visa (for non-GCC nationals), Proof of address, Salary certificate or income proof, Bank statements |
| Application Process | Online through Al Hilal Bank website or Al Hilal Digital Mobile App |
Al Hilal Bank Current Account: Benefits and Features
Al Hilal Bank Current Account is an ideal choice for those who want a convenient and affordable banking account in the UAE (United Arab Emirates). This account offers a number of benefits and features that make it attractive to both individuals and businesses.
Benefit:
- Zero-balance account: You are not required to maintain a minimum amount in the account.
- Free debit cards (virtual and physical): convenient for purchases and cash withdrawals.
- Free e-Statements: Keep a digital record of your account activity.
- Easy onboarding with UAE PASS: Fast and convenient account opening.
- Free ADCB ATM cash withdrawals: Access to cash across the UAE with no fees.
- Flexible balance requirements: Manage your account as per your needs.
- Checkbook feature : An additional option for payments and transactions.
- Manage multiple accounts with a single debit card: Control all your Al Hilal Bank accounts with ease.
- No fees on local and international transfers: An affordable way to transfer money.
Features:
- Shariah-compliant: In line with Islamic banking principles.
- 24/7 Online & Mobile Banking: Manage your account anytime, anywhere.
- High level of security: Keep your money safe.
- Dedicated Customer Service: Always available to assist.
- Multi-currency support: Transact in AED, USD, GBP, EUR and CAD.
Note: To decide whether an Al Hilal Bank Current Account is right for you, it is important to consider your needs and financial goals. If you are looking for an account that is convenient, affordable and offers many benefits, the Al Hilal Bank Current Account is definitely worth considering.
| Also Read | Open Bank Accounts in the UAE: A Step-by-Step Guide for Current, Savings, and Business Accounts |
Eligibility Criteria for Al Hilal Current Account
To open an Al Hilal Current Account you must possess the following qualifications:
- Age: You must be 21 years of age or older.
- Citizenship: You can be a citizen of UAE or GCC (Cooperation Council for the Arab States of the Gulf).
- Residency: You must have residency in the UAE with a valid Emirates ID.
Documents required for Al Hilal Current Account
You can open Al Hilal Current Account using its official website and its mobile application. To open this account, the following documents will be required:
| Document Name | Description |
|---|---|
| Passport | Original and copy |
| Emirates ID | Original |
| Residence Visa | For non-GCC citizens only |
| Proof of Address | Electricity bill, water bill, telephone bill, etc. |
| Salary Certificate | If you are salaried |
| Income Proof | If you are a businessman |
| Previous Bank Statements | If you have them |
Step-by-Step Process to Complete Al Hilal Current Account Opening Via Mobile App
You can open Al Hilal Current Account through its mobile application in just 5 minutes. The complete process of opening the account is given here, following which you will be able to open this account.
1. Download and Open the App:
- Download the Al Hilal Digital app.
- Open the app and click on “Start Exploring”.
2. Enter Mobile Number :
- Enter your mobile number and click the “Next” button.
- Verify the 6-digit OTP.
3. Enter Personal Details:
- Enter your name, date of birth, nationality, email address, and gender.
- Accept the terms and conditions and click the “Next” button.
4. Set Passcode:
- Set a 4-digit passcode and click the next arrow.
- Confirm the passcode.
5. Select Interests:
- Choose any 2 interests from the following: Toys, Electronics, Fashion, Gaming, Health and Beauty, Home & Living, Mobile.
- Click on the “Start Exploring” button.
6. Verify Your Email:
- Open your email and verify it.
7. Open an Al Hilal Account and Earn Touchpoints:
- Open the Al Hilal app and earn touchpoints.
- Open a bank account and choose “Current Account”.
- Click on the “Let’s Go” option.
8. Choose Account Opening Method:
- Two options will be available: Continue with UAE PASS or go for standard account opening.
- Choose “Go for Standard Account Opening”.
9. Scan Documents:
- Scan your original passport.
- Scan your original Emirates ID.
10. Video Selfie:
- Start the video selfie.
- Wait for 2-3 minutes for verification to complete.
11. Review and Verify Details:
- Verify Emirates ID details: Full Name, ID Number, ID Expiry Date.
- Verify Passport details: Full Name, Last Name.
- Click on “Confirm and Continue”.
12. Enter Address:
- Enter your address: Flat/Villa No, Building, Area Landmark, City.
- Click “Continue”.
13. Enter Current Employment Details:
- Enter employment type.
- Enter source of income.
14. FATCA (for USA Citizens):
- Enter country of birth.
- Enter city of birth.
- Complete tax self-declaration.
15. Verification Process:
- Wait for 2-3 days for your account to open.
16. Log in and Use Your Account:
- Log in to your account and start using it.
You can open your current account in this bank by following this simple procedure.
Restrictions of Al Hilal Bank Current Account
Al Hilal Bank Current Account restrictions might include the following:
1. Minimum Balance Requirements: There may be a minimum balance that needs to be maintained to avoid fees.
2. Transaction Limits: Daily or monthly limits on withdrawals and transfers. Limits on international transactions.
3. Account Fees: Potential fees for not maintaining the minimum balance. Fees for certain types of transactions (e.g., international transfers, ATM withdrawals from non-partner banks).
FAQs: Al Hilal Bank Current Account
What is the minimum balance required to maintain a current account at Al Hilal Bank?
The minimum balance requirements vary depending on the type of account. Please refer to the bank’s official website or contact customer service for specific details.
Are there any monthly fees associated with the current account?
Some current accounts may have monthly maintenance fees, especially if the minimum balance requirement is not met. Check the bank’s fee schedule for more information.
What documents are required to open a current account at Al Hilal Bank?
Typically, you need a valid Emirates ID, passport, and proof of residency. Additional documents may be required depending on your status and account type.
Can I open a current account online?
Yes, Al Hilal Bank offers the option to open a current account online through their digital app. Follow the step-by-step process provided in the app.
What are the transaction limits for a current account?
Transaction limits may vary. Daily or monthly withdrawal and transfer limits may apply. For specific limits, refer to the bank’s terms or contact customer support.
Is there an overdraft facility available with the current account?
Overdraft facilities may be available subject to approval. Terms and conditions will apply, so it’s best to check directly with the bank.
How can I access my account statements?
Account statements can be accessed through the Al Hilal Bank mobile app, online banking, or by requesting a physical statement from the bank.
Are there any fees for using ATMs?
Using Al Hilal Bank ATMs is generally free. However, using ATMs of other banks might incur fees. Check the bank’s fee schedule for detailed information.
Can non-residents open a current account at Al Hilal Bank?
Non-residents may have restrictions or additional requirements for opening an account. It’s best to contact the bank directly for specific eligibility criteria.
What should I do if I forget my account passcode or login details?
If you forget your passcode or login details, use the “Forgot Password” option in the app or contact Al Hilal Bank customer support for assistance in resetting your credentials.
Is it Shariah-compliant?
Yes, the account adheres to Islamic banking principles.
Is there a minimum balance requirement?
No, you can operate the account without maintaining a minimum balance.
What are the benefits of the debit card?
The MasterCard debit card provides convenient access to funds (virtual and physical options).
Does it offer a checkbook facility?
Yes, a checkbook facility is coming soon.
Are there any fees for ATM withdrawals?
No, cash withdrawals at ADCB ATMs are free.
Can I manage multiple accounts with one card?
Yes, you can use a single debit card to manage multiple accounts.
Are there any charges for local and international transfers?
No, both local and international transfers are free.
Conclusion
In conclusion, Al Hilal Bank offers a comprehensive current account that caters to various banking needs with features like online account opening, mobile app access, and various account services. Understanding the requirements, restrictions, and fees associated with the account is crucial for making the most of its benefits. For personalized assistance and detailed information, it’s advisable to contact Al Hilal Bank’s customer service or visit their official website.
