Are you looking for a simple banking experience without needing to keep a minimum balance? Al Hilal Bank’s Zero Balance Account could be just what you need. This account has many benefits, making it a great choice for those who want easy and flexible financial management. This article covers all the details about the Al Hilal Bank Zero Balance Account, including its features, benefits, and the steps to open one.
Overview:
Unlike regular savings accounts, a zero-balance account is a bank account where you don’t need to keep a minimum balance. This means you won’t be fined if your account balance is zero.
Having a zero balance account is useful in emergencies. If you need to pay a large amount suddenly, you can withdraw all the money in your account without any issues.
Top Features of Al Hilal Bank Zero Balance Account:
With this account in the UAE, you can enjoy these benefits:
- No need to keep a monthly balance in your account
- No minimum salary requirement
- You can open this account even if you don’t already have one with the bank
- No initial deposit is usually needed to open the account
Al Hilal Bank Zero Balance Account Benefits:
Here are the benefits and features of the Al Hilal Bank Zero Balance:
| Feature | Description |
| Shariah Compliant | Follows Islamic banking principles. |
| Monthly AED 1 Million Prize | Get a chance to win AED 1 million every month. |
| 20 Monthly Prizes of AED 1,000 | Win one of 20 prizes worth AED 1,000 each month. |
| Monthly Profit Sharing | Earn profits monthly from your savings. |
| Thumb Impression Recognition | Secure access with thumbprint identification. |
| No Penalty Fees | No fees for not maintaining a minimum balance. |
| Multiple Currencies | Available in AED, USD, GBP, EUR, and CAD. |
| Personalised Account Number | Get a unique account number. |
| Free Visa Debit Card | Receive a personalised Visa debit card at no cost. |
| Free Electronic Statements | Get your account statements electronically for free. |
| 24/7 Banking Services | Enjoy free internet, mobile, SMS, and automated banking services anytime. |
Al Hilal Bank Zero Balance Account Requirements:
Opening this account is easy. Here’s what you need:
- Personal Information:
- Your full name
- Date of birth
- Contact details (address, phone number, email)
- Identification Documents:
- For UAE Nationals: Valid Emirates ID
- For Expatriates: Valid passport, UAE visa, and Emirates ID
- Proof of Residence:
- Recent utility bills
- Tenancy contract (if you have one)
- Employment Information:
- For Salaried Individuals: Salary certificate or a letter from your employer
- For Self-Employed: Trade license or similar business documents
- Eligibility:
- Should be a UAE resident or national.
- Age: Individuals below 18 years are also eligible if applying with a legal guardian.
Note: These are basic requirements you may need to fulfil. The bank may ask for additional documents. It’s best to check with your bank beforehand.
Al Hilal Bank Zero Balance Account Opening:
You can open an Al Hilal Bank Zero Balance Account in several ways, as explained below:
Al Hilal Bank Zero Balance Account Opening Online:
Here’s how to open Al Hilal Bank zero balance account online in a few easy steps:
Visit the website of Al Hilal Bank.
- Go to the menu and click “Accounts”.
Then, click “Current and Savings Account”
- From the option below, click “Savings Account”.
- Click “Apply Now”.
- Enter the customer ID if you have any.
- Enter your full name, email, and phone number and select your Emirate.
- Clear the captcha by clicking “I am not a robot”.
- Click “Submit”.
- After receiving your interest, the banking professional will contact you regarding the next application steps.
Al Hilal Bank Zero Balance Account Opening Offline:
Phone Banking
You can open an Al Hilal Bank Zero Balance Account by calling their toll-free customer support number. Just let them know you want to open an account, and a representative will guide you through the process over the phone.
Visiting a Branch
If you prefer face-to-face assistance or have online or phone banking trouble, visit the nearest Al Hilal Bank branch. There, a bank executive will provide you with information and the application form for the Zero Balance Account. Fill out the form and submit it. The bank will contact you soon to complete the process.
Final Takeaway:
The Al Hilal Bank Zero Balance Account is a great option for anyone wanting a flexible and affordable banking solution. This account has many perks, like no minimum balance, a free debit card, and easy online banking. Whether you live in the UAE or are an expat, it’s a simple and efficient way to manage your money. Opening this account with Al Hilal Bank is a smart choice for handling your finances.
Open your Al Hilal Bank Zero Balance Account now and enjoy hassle-free banking!
Looking to activate and deactivate Al Hilal debit cards? Then check out this detailed guide for step-by-step instructions on managing your debit card effectively.
Frequently Asked Questions (FAQs):
Q. Does Al Hilal Bank Have a Zero Balance Account?
Yes, Al Hilal Bank offers a zero-balance account. You can use Internet banking for your zero balance account or Seghaar Savings account for free with Al Hilal Bank.
Q. What is the Minimum Salary for an Al Hilal Bank Account?
The minimum salary to open an account with Al Hilal Bank is AED 5,000 per month. If you maintain this balance, you get an entry into the prize draw. Every additional AED 5,000 in your balance gives you an extra chance to win. Transferring your salary to an Al Hilal current or savings account also gives you an extra entry into the draw.
Q. How to activate Al Hilal Bank debit card?
To activate your Al Hilal bank debit card, check out this guide.
