Al Hilal Bank Zero Balance Account Opening in UAE

Al Hilal Bank’s Zero Balance Account is an important option for those who want to make their banking experience simple and seamless with no minimum balance requirements. 

This account can be beneficial for individuals who use their deposits regularly and who may need to withdraw the entire amount from their account at any time without any penalty.

Through this account, the bank offers you a number of modern banking services, such as free Visa debit card, Shariah compliant banking, online and mobile banking facilities, and 24/7 automated banking services.

In this article, we’ll tell you why Al Hilal Bank’s zero balance account might be important for you, what the benefits of this account are, and how easy the process is to open one.

We will also discuss how this account can be opened online or offline, as well as what documents are required to open the account. 

After reading this article, you will be able to easily open your Al Hilal zero balance account and take full advantage of its features.

Al Hilal Bank Account Opening Zero Balance

Zero balance account of Al Hilal Bank is a bank account in which you do not need to maintain any minimum balance. This means you can even leave your account completely empty and not incur any penalties. The main advantage of this account is that you can manage your money without worrying about any balance. 

Al Hilal Bank Zero Balance Account Overview

With this account from Al Hilal Bank, you get many features like free Visa debit card and 24/7 online banking, which makes banking tasks easier. This account is good for those who do not have regular income or who frequently deposit and withdraw money.

An overview of Al Hilal Bank Zero Balance Account is detailed in the table below: 

Account Name	Seghaar Savings Account (Zero Balance Account)
Account Type	Savings Account
Who Can Open an Account	UAE citizens, UAE residents, accompanied by guardian for children under 18 years of age.
Minimum Balance	No requirement (Zero Minimum Balance)
Charges for Not Maintaining Minimum Balance	No Charges
Eligibility Criteria	UAE citizen or UAE resident, guardian required for minor.
Required Documents	Valid Emirates ID, passport, residence visa (for expats), proof of income or business license, proof of address (such as utility bill).
What Benefits Will You Get	Shariah Compliant Banking, Free Visa Debit Card, 24/7 Banking, Attractive Monthly Profits, Free e-Statements, Customized Account Number
Will Banking Services Be Available?	Internet Banking, Mobile Banking, SMS Banking, Phone Banking, availing services by visiting the branch.
Customer Support	By phone, email, visiting the branch.
Account Opening Process	Online: Visit the bank’s website and apply. Visit the branch: Fill the form and submit the required documents. Phone Banking: Call the toll-free number and seek assistance from a representative.

Who should open Zero Balance Account?

Zero Balance Account is suitable for those who do not have regular income or whose income is unstable. This account is especially beneficial for youth and students, as they often do not have regular income and deposit money in the account as per their expenses. 

Apart from this, this account is also suitable for those who find it difficult to maintain their account balance every month. People who can leave their account empty anytime and do not have to worry about maintaining minimum balance. 

This account is also a great option for common people who just want a simple bank account with no balance requirement.

Opening a zero balance account can be beneficial for these people: 

• youth and students: Those who do not have regular income and who deposit money in the account according to the monthly expenses. As per the terms of the account, they can withdraw money whenever they want without worrying about any minimum balance.
• individuals with lower or unstable incomes: Those whose income is not regular or who can never keep a fixed amount. Zero balance account is an ideal option for such people as they do not need to always maintain a fixed amount in the account.
• People who keep changing their account balance every month:For whom it is difficult to maintain minimum balance every month. With this account, they do not have to worry about maintaining balance and can easily deposit and withdraw money.
• normal people: Those who just want a simple bank account with no minimum balance requirement. These types of accounts provide them with simple and convenient banking services.

Know More About UAE Bank Account Read it.

Why might an Al Hilal Bank zero balance account be important to you?

Al Hilal Bank’s zero balance account may be important to you because it does not require you to always keep at least some money in your account. This means you can run your account without any additional charges. 

This account is very beneficial for those who want to manage their money easily and avail banking services without any hassles. Al Hilal Bank also offers many features with this account, making your banking experience simple and convenient. 

Opening this account can be important for you because it is known for its banking facilities, here I have told some points which are as follows: 

• No minimum amount required: There is no requirement to maintain minimum amount in your account.
• Can open online and in branch: You can open an account on the internet or directly by visiting the bank branch.
• Free Personal Visa Debit Card:You get a free debit card when you open an account.
• 24 hour banking services day and night: You can access your account at any time.
• Mobile, Internet, and SMS Banking: You can do banking easily through your phone or computer.
• Sharia based banking services: Sharia rules are followed in this account.
• Even small children can open an account: Persons under 18 years of age can also open an account with their guardian.
• need without salary: No minimum salary is required to open this account.
• Online Account Statement: You can check your account information online without any paper.

Thus, a zero balance account from Al Hilal Bank can be useful for you in many ways, allowing you to do your banking without any hassle.

Features of Al Hilal Bank Zero Balance Account

Al Hilal Bank’s zero balance account comes with various features that make it very convenient. There is no need to maintain minimum balance, so you do not have to always worry about balance. And you can access this account in all branches of Al Hilal Bank.

The main features of Al Hilal Bank Zero Balance Account are as follows: 

1. Easy account opening process: The account opening process is simple and quick.
2. Account Access at all Al Hilal Bank branches: Account can be accessed from all branches.
3. Secure Online Transactions: Convenience of online transactions with high security.
4. Valued Customer Features: Exclusive customer features and benefits are also provided.
5. small loan option: The bank also provides small loan facility.
6. Notification for regular transactions: Transaction information is received immediately.
7. daily balance check: You can easily check your account balance.
8. Fund transfer facility: Money transfer facility is available inside and outside the bank.
9. Easy money transfer: Transferring money using iBan is simple.
10. automatic bill payment: Bills can be paid automatically.
11. Linking plastic card to digital wallet: The card can be linked to Google Pay and Apple Pay.
12. Free e-Statements: Account statements can be received through email for free.
13. Customized Account Number:The account number can be customized as per your choice.
14. 24/7 customer support: Customer service is available all the time.
15. mobile banking: Banking services are easily available on smartphones.
16. online banking: Allows you to manage your account online.
17. free checkbook: Check book is also available without any charge.
18. free debit card: Free debit card is provided with the account.
19. No fees on financial transactions: Can use the account without any transaction fees.
20. No minimum balance required: There is no need to maintain minimum balance in the account.

Eligibility Criteria

There are certain eligibility criteria to open a zero balance account with Al Hilal Bank. This account is available to UAE citizens and residents, and requires certain documents and age requirements to open it. This account is available to everyone, whether your income is stable or unstable. 

To open an Al hilal account, one has to follow the following eligibility criteria: 

1. UAE citizen or resident: To open this account you must be a citizen or resident of UAE.

2. people of different ages: Individuals above 18 years of age can open an account directly, while individuals below 18 years of age have to apply along with their guardian.

3. documents needed: A valid passport, email ID, and residence visa (if you are a foreign resident) are required.

4. income status: There is no minimum income requirement, making this account suitable even for those whose income is unstable.

5. Non-residents can also apply: If you live or work in UAE, you can still apply for this account.

Required Documents

To open a zero balance account of Al Hilal Bank, you require some important documents. These documents are required to confirm your identity, residence, and income. 

1. Valid Emirates ID: This document confirms your identity and residence.

2. Valid passport: Required to confirm your identity and citizenship.

3. Residence Visa: If you are a foreign resident, your residence visa will also need to be submitted.

4. Proof of Income: A certificate or business license is required to confirm your income.

5. Proof of Address: Such as a utility bill or other document that can confirm your current address.

Process To Open Al Hilal Bank Zero Balance Account

You can easily apply online to open Zero Balance Account in Al Hilal Bank. Here is a detailed step-by-step process:

1. Visit the Website: First of all, visit the official website of Al Hilal Bank.

2. Click on the menu section: On the homepage of the website, go to the menu and select the “Accounts” section.

3. Select Savings Account option: Click on the option of “Zero Balance Savings Account”.

4. Select Customer Status: If you are an existing customer, click on “Yes”; Otherwise, click “No”.

5. Fill in personal information: Fill in your full name, email address, and mobile number correctly.

6. Select mobile number and emirate: Enter your mobile number, which is valid in UAE and starts with ‘5’. Then, select the right emirate as per your place of residence.

7. Fill the captcha: Fill the captcha shown on the screen correctly to ensure your security.

8. Submit Application: After checking all the details click on “Submit” button.

9. Contact with Customer Executive: After submitting your application, a Customer Executive of the Bank will contact you and confirm the details provided by you.

10. Account Opening Process: After verification of your information, your Zero Balance Account will be opened.

11. Account Usage: Once the account is opened, you can use it through Al Hilal Bank’s mobile application or by visiting the nearest branch to avail banking services, such as money transfer, withdrawal, and other features.

Major Charges On Al Hilal Bank Saving Account

If you open your savings account at Al Hilal Bank, you may face fees in some cases. This includes the minimum account opening amount and monthly balance reduction charges. Additionally, there may be small fees for debit cards and other services.

Fees Details	Description
Account Opening Amount	AED 500
Minimum Balance Requirement	AED 500
Monthly Minimum Balance Reduction Fee	AED 26.25
Debit Card Re-Issue Fees	AED 26.25
Debit Card PIN Re-Issue Fee	AED 26.25
Balance Check Fee	AED 1.05
Foreign Currency Transaction Fee	2.001%
Settlement Letter Fee	AED 63
SWIFT Fees (Local Currency)	AED 63
SWIFT Fee (Foreign Currency)	AED 63
Cheque Key Issuance Fee	AED 31.50
Manager Cheque Issuance Charges	AED 31.50
Extra Leaves of Cheque Book	AED 1.05 per leaf
Standing Instruction Setup Fee	AED 52.50
Standing Instruction Amendment Fee	AED 52.50
Paper Statement Fee	AED 26.25 per cycle

Al Hilal Bank Monthly Charges

Savings accounts at Al Hilal Bank may be subject to monthly charges in some cases. If you do not maintain the minimum balance, a shortfall fee of AED 26.25 may be charged per month. Additionally, if you want paper statements, AED 26.25 per statement will be charged. If a debit card is lost, there is a replacement fee of AED 26.25. Keeping these charges in mind, you can plan your account and avoid extra expenses.

Al Hilal Bank Savings Account Profit Rate

Al Hilal Bank’s savings account offers you attractive interest rates, which enhance the returns you get on your deposits. Typically, this profit rate is determined on an annual basis and depends on the amount held in your account.

For example, if you have AED 10,000 deposited in your savings account and the bank has set a profit rate of 1.5% per annum, you will get a profit of AED 150 at the end of the year. This benefit is earned on your total deposits throughout the year, which can be added to your account every month or every quarter, as per the bank’s policies.

With this profit rate, your money not only remains safe but also becomes a source of additional income for you. With this in mind, a savings account from Al Hilal Bank can be an effective way to grow your savings.

Al Hilal Bank Interest Rate

Al Hilal Bank’s savings account usually comes with a fixed interest rate that offers returns on your deposits. The interest rates of this bank are generally determined on an annual basis. 

For example, if Al Hilal Bank’s interest rate is 1.5% per annum, and you have AED 10,000 deposited in your savings account, you will receive interest of AED 150 annually. This interest is added to your account at the end of the year or can be added every month or quarter as per the bank’s policies.

Through this interest rate, you get regular returns on your savings, which can be helpful in achieving your financial goals.

Al Hilal Bank International Transfer Charges

Fees apply for international transfers from Al Hilal Bank, which may vary depending on the amount of your transfer and the destination country. The bank charges a variety of fees, including SWIFT charges and foreign exchange fees. The fees on this type of transfer often depend on the transaction made through the transfer.

Transfer Type	Fee (AED)
Swift Charges – Local Currency (UAE)	Free
SWIFT Charges – Foreign Currency (UAE, GCC & Other Countries)	AED 63
SWIFT Charges – Cancellation/Modification	AED 52.50
Incorrectly Sending SWIFT Keyword	NIL
Copy of SWIFT	AED 15.75

How to Avoid Charges in Al Hilal Bank Zero Balance Account

Despite opening a Zero Balance Account in Al Hilal Bank, charges may be levied in some cases. To avoid these charges, you need to adopt some simple steps. With the right information and careful handling, you can avoid unnecessary charges and get the most out of your account.

Following are the measures to avoid getting charged: 

1. Review account statements regularly: Check your account statements regularly so you are aware of any unwanted charges.

2. Understand the bank’s policies: Read all the policies and terms issued by the bank carefully so that you know under what circumstances the charges may apply.

3. Rules related to minimum balance: Although this is a zero balance account, there may be charges for some services. Keep in mind that if the bank charges extra for particular services, you should use those services less.

4. Follow the authorized information: Pay attention to the notifications and updates sent by the bank so that you are aware of any changes.

5. Contact the bank’s website or customer service: In case of any doubt, get your queries resolved by visiting the bank’s website or contacting customer service.

With these simple steps, you can avoid any unnecessary charges in Al Hilal Bank Zero Balance Account and manage your account properly.

Complete Review of Al Hilal Bank Zero Balance Account

Al Hilal Bank’s Zero Balance Account is an attractive option, especially for those who want to avail banking services without worrying about maintaining a minimum balance in their bank account. Key features of this account include no minimum balance requirement, and availability of various banking facilities. Customers can easily apply online, and the account opening process is simple. However, some services may incur fees, and you should read the bank’s policies carefully. Overall, this account is good for customers looking for a convenient and flexible banking option.

Frequently Asked Questions (FAQs): Al Hilal Bank Zero Balance Account

Conclusion

Opening a zero balance account with Al Hilal Bank offers many benefits, including no minimum balance requirement and easy to manage. This account is ideal for enjoying hassle-free banking, allowing you to open it with no monthly maintenance charges.

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