Our award-winning flagship banking platform provides a single portal from which to control accounts at both the regional and central treasury level. It can facilitate all your banking needs to improve efficiencies and give you greater control of your finances. Here’s an overview of what the platform offers.
Business Banking
Back to Business BankingOur Business Banking Solutions
Working capital
The fuel of business growth, we provide business loan with flexible repayment on VAT trade and equipment loan and other solutions to help manage your expense. To have more control over your monthly outgoings and own your premises, we provide commercial mortgages to support your needs.
Cash management
Take greater control of your treasury functions and efficiently manage payments and cash flows. We can help you to reconcile, monitor and manage your receivables more efficiently. We offer a streamlined cheque authorisation process and we can settle utilities or government-related payments through prompt and secure methods.
Trade services
HSBC's global network in 65 countries, covering 90% of global trade flows and providing you with end-to-end support and guidance. Form Import/ Export, Guarantee & Standby letter of credit to Receivable finance.
Corporate cards
To better manage employee expense and procurement needs, HSBC provides Corporate Card to cover day-to-day expenses. You could also enjoy a waiver of the annual fee for up to 15 cards.
Foreign exchange
We can help you simplify your international transactions. Our Get Rate tool provides a fast, efficient way to make foreign currency payments based on the most current rate and international banking information.
Payroll solutions
We have payroll solutions for every employee in your business. Our solutions will remove manual processes, save your accounts team time and make reconciliation much simpler.
Business loans
Fuel growth with flexible repayment on VAT Trade and Equipment Loans, plus many other solutions to help manage expenses.
Commercial mortgages
Own your own premises, giving you more control over your monthly outgoings. Tenor’s available for up to 15 years.
HSBCnet
Cash management:
- Balance and transaction reporting
- Payment and transfer advising service
- Time deposits
- Cheque outsourcing
- Receivables reconciliations
- Gain more control of your foreign exchange payments with Get Rate
Trade services:
- Import DC applications, DC amendments and import bill instructions
- Import finance
- Export DC confirmation
- Pre-shipment finance and post-shipment finance
- Guarantee applications, amendments and cancellations
HSBC’s digital solutions for trade finance is the most efficient and easy to use on the market, as well as from a risk insurance to keep production running.
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Our Business Banking options and eligibility
We have designed 3 Business Banking options, so you can choose which one fits your business best. All our other products and services will be priced as per our HSBC Corporate Tariff and Charges (PDF, 2.2 MB).
HSBC also provides broader trade finance, cash management, lending and treasury services to all Business Banking customers, subject to credit and other considerations.
Our HSBC Business Banking solutions are available for UAE domiciled businesses with an annual turnover not exceeding AED 180 million or USD 50 million equivalent, and who are relationship managed by a UAE Business Banking Relationship Manager as part HSBC’s Business Banking Proposition.
Product and Service Type | Business Banking Standard | Business Banking Elevate1 | Business Banking Vantage1 |
|---|---|---|---|
Dedicated service | |||
Dedicated Relationship Manager | Yes | Yes | Yes |
Accounts | |||
Current Account | Yes | Yes | Yes |
Call Account | Yes | Yes | Yes |
Personal Banking Account | No | HSBC Premier status for first 12 months1 | HSBC Premier status for first 12 months1 |
Minimum Monthly Relationship Balance2 | AED100,000 | AED500,000 | AED1,000,000 |
Monthly fee if minimum Relationship Balance not met | AED150 | AED750 | AED1,500 |
Payments3 | |||
International TT | AED55 | AED35 | AED25 |
Local TT (PP) | AED45 | AED25 | AED20 |
Inward TT (domestic) | AED1 | AED1 | AED0 |
Inward TT (International) | AED25 | AED3 | AED1 |
File Upload | AED30 | AED20 | AED10 |
Payroll solutions | |||
ACH (non WPS) | AED10 | AED4 | AED2.5 |
WPS | AED5 | AED3.5 | AED2.5 |
HSBCnet | |||
HSBCnet set up | Fee free | Fee free | Fee free |
HSBCnet monthly fee | AED300 | AED200 | AED100 |
HSBC Corporate Card | |||
# of cards waived from annual fee | 0 | 5 | 10 |
Air Miles Points4 | No | 10,0005 | 25,0005 |
1 The eligibility criteria for HSBC Premier is waived for the first 12 months. Terms and conditions apply. For further details, please speak to your relationship manager
2 The average total relationship balance is calculated on a calendar month basis, and is the total of the closing balance of all the demand deposit accounts, term deposit accounts and deposits under lien at the end of each day divided by the number of calendar days in the month. Foreign currency accounts (including demand accounts, term deposit accounts or deposits under lien) are considered for the calculation of the average relationship balance, based on the average currency balance of the billable month, converted to AED at spot rate of the interest payment date.
Balances held by separate legal entities within a group of companies are not taken into consideration for the average relationship balance calculation. The applicable monthly fee will be charged two complete calendar months after the subscription date. As an example, for a subscription processed on 15th August, the first calculation to establish the average total relationship balance will be for the month of November, with the monthly fee (if applicable) paid in December.
3 The prices above do not include charges imposed by other banks. It is agreed that other banks’ charges in relation to a transaction requested by you (i.e. payments remitted or received) are not within our control and will be paid by you without recourse to us. Certain clearing systems do not recognise charge type ‘OUR’ including payments cleared through the USA (and some other markets). Whenever a payment is made and charge type ’OUR’ is not recognised, it may be changed to charge type ‘SHA’ or ‘BEN’ meaning that the total amount being sent by the remitter will be reduced by the applicable amount of the correspondent bank charge for receiving the payment
4 Earn 1 Air Mile for every AED 2 (or 2 Air Miles for every USD 1 spent on USD Cards) spent on your HSBC Corporate Credit Card
5 A one-time bonus of Air Miles will be credited when setting up a corporate card for the first time. This offer is not applicable for Purchasing Cards, Lodged Cards or Virtual Cards
Find out more about HSBC Business Banking
Overview
As a thriving business, being focused on the future is key to achieving success. With this in mind, we’ve developed HSBC Business Banking, a suite of carefully crafted banking solutions designed to help your business grow.
Why HSBC?
HSBC operates in more than 65 countries around the world giving us access to over 90% of all world trade flows
Dedicated Service
Your dedicated Relationship Manager will help you optimise your finances so you can focus on your business.
Building Connections
It’s not easy to do business alone in today’s market. We’ll connect you with the right people to help you go further.
Expanding Overseas
In today’s competitive environment, expanding within the region or globally can be a key strategy to improve company performance.
Knowledge Hub
Being informed is key to success. Here you can access the most up-to-date market news, articles and podcasts.
