Advance Current Account
Have everything you need from a current account, paired with all the privileges of HSBC Advance. Like always having a team of dedicated Relationship Managers on hand.
| International debit card: * | Monthly transactions: | Monthly fee*: | Internet banking: |
|---|---|---|---|
| Free | Unlimited and free | Free | Yes |
Here's what you get:
- A Current Account available in Omani Rials, UAE dirham, US dollars, euro, pound sterling and other major currencies
- A team of Relationship Managers - they'll help you maximize your money and spot suitable investment opportunities
- Overdrafts, AutoPay and standing instructions
- Get accepted at over 25 million retail outlets worldwide and over 1 million ATMs
- Withdraw up to OMR 1,000 from HSBC Oman ATMs and up to OMR 500 from OmanNet ATMs, daily
- Link up to two additional accounts to your debit card*, so you can access all your accounts, any time you need
Plus:
- Free unlimited transactions every month
- Free Internet Banking, Phone Banking and SMS alerts – bank where and when it suits
- Free cheque books – and if your card is lost or stolen, use ‘Stop Cheque’
| HSBC Advance* | |
|---|---|
| Monthly income | OMR 700 (equiv.); or |
| Combined average relationship balance | OMR 10,000 (equiv.) |
*No minimum balance is required if the account is linked to a personal loan
| Advance | |
|---|---|
| Minimum salary required | OMR 700 /month |
| Monthly service charge | OMR 5 |
| OR | |
| Combined average relationship balance required | OMR 10,000 |
| Monthly charge if the balance falls below the minimum required | OMR 5 |
Notes:
While there is no minimum balance charge applicable, the account is auto closed if there is no balance maintained in the account for three consecutive months.
| Debit Card Tariffs | |
|---|---|
| Description | Tariff |
| Debit Card annual fee | OMR 1 |
| Debit Card replacement | OMR 2 |
| Re-issuance of PIN | Free |
| Usage fee in OMAN at HSBC ATMs | |
| Cash withdrawal/deposit | NIL |
| Balance enquiry | NIL |
| Mini-Statement | NIL |
| Transfer within HSBC OMAN accounts | NIL |
| Utility bill payments | NIL |
| HSBC Credit Card payment | NIL |
| In OMAN at OmanNet ATMs | |
| Cash withdrawal* | NIL |
| Balance enquiry* | NIL |
| Internationally at other HSBC ATMs | |
| Cash withdrawal* | OMR 1 |
| Balance enquiry* | NIL |
| Internationally at Visa/PLUS ATMs | |
| Cash withdrawal* | OMR 2 |
| Balance enquiry* | NIL |
| HSBC Debit Cards | |
| Foreign currency transactions | 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 2.6% |
| Copy of sales slip | OMR 10 |
| Charge for disputing a transaction subsequently found to be genuine | OMR 10 |
| * Rate per transaction | |
| Phone Banking | |
|---|---|
| Registration | Free |
| Re-issuance of Phone Banking PIN | Free |
| Enquiries on account balances, Free transactions and cheques | Free |
| Ordering cheque books | Free |
| Funds transfer between Free HSBC Oman accounts | Free |
| Remittances | Please refer to note in Manual under Outward Remittances |
| Statement by fax | Free |
| Fax back of time deposit rates | Free |
| Fax back of foreign exchange rates | Free |
| Utility bill payments (OIFC bills) | Free |
| Set up of standing instructions | Free* |
| Stop payments for cheques | OMR 5 per instruction (either single cheque or a number of cheques serially numbered) |
| *Though set up is free, standard remittance charges apply. | |
| Personal Internet Banking | |
|---|---|
| Registration | Free |
| Re-issuance of Personal Internet Banking password | Free |
| Enquiries on account balance(s), and transactions history | Free |
| Enquiries on Credit Card balance(s) and transaction history | Free |
| Funds transfer between HSBC OMAN accounts | Free |
| Ordering cheque books | Free |
| E-statements | Free |
| Opening additional Savings account | Free |
| Remittances | Please refer to note in Manual under Outward Remittances |
| Utility bill payments (OIFC bills) | Free |
| Opening time deposit account | Free |
| Enquiry on time deposit rate | Free |
| Set up of standing instructions | Free |
| Cheques | |
|---|---|
| Cheques sent for collection | |
| OMR cheques | |
| Local Currency Clearing | Free |
| Special Clearing | OMR 10 per cheque |
| Foreign currency cheques | |
| If Cheques are purchased | OMR 10 per cheque |
| If Cheques are sent on collection | OMR 5 per cheque |
| Cheque returned (Returned unpaid due to insufficient funds) | OMR 15 per cheque |
| Stop payments for cheques | OMR 5 per instruction (either single cheque or a number of cheques serially numbered) |
| Notes: a. Clearing bank/ Drawee bank and postage charges, if any, will be charged to customer b. Cheques, drafts or pay orders are purchased subject to the terms and conditions applicable to such transactions from time to time, and as agreed by the customer and the bank |
|
| Standing Instructions | |
|---|---|
| Setting up/Amendments* | - OMR 1 for intrabank SI per instruction - OMR 2 for other standing instructions - Free through Phone Banking |
| Notes: HSBC Oman is NOT responsible for Inward Remittance Charges (IRC) incurred by the Inward Remittance Receiving (beneficiary) Country. |
|
| Inward Remittances | ||
|---|---|---|
| A/C holders | Non-A/C holders | |
| In OMR | ||
| If paid in cash | Free | OMR 15 |
| If credited to the beneficiary's account with us: - In A different currency than the transfer currency - In the same currency as the transfer currency |
Free OMR 2 OMR 5 |
Not applicable N/A N/A |
| If credited to the beneficiary's account with other bank in OMAN | N/A | OMR 10 |
| Notes: 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) For non-account holders, remittances will be paid in cash only if the remittance has originated from an HSBC Group Bank c) If the amount is to be credited in another currency to an HSBC account, the prevailing exchange rate will apply d) There is a 1% charge for withdrawal or deposit in currency notes other than OMR |
||
| Outward Remittances | ||
|---|---|---|
| Telegraphic Transfer (TT) | Electronic(1) (Internet Banking) | Manual(2) (Branch & Phone Banking) |
| Transfers within Oman -Plus RTGS charges per transfer |
OMR 1 OMR 0.700 |
OMR 1 OMR 0.700 |
| International TT issuance | OMR 5 | OMR 3 |
| Electronic (Me2Me) Transfer to your own account held with another HSBC Group entity via Personal Internet Banking | USD 7 every transfer using Global Transfers | |
| Additional charge to send payment in full within HSBC Group (Charges 'OUR') | OMR 5 | |
| Additional charge to send payment in full outside HSBC Group(a) (Charges 'OUR') | OMR 10 | |
| Electronic (Me2Me) Transfer to your own account held with another HSBC Group entity via Personal Internet Banking | USD7 every transfer using Personal Internet Banking | |
| Recall of TT funds/Investigation of TT status | OMR 5 | |
| Cashier order/Demand draft | ||
| Issuance | OMR 2 | |
| Cancellation | OMR 2 | |
| Stop payment | OMR 5 | |
| Notes: 1. Electronic = Transactions originating from Internet Banking and Electronic Standing Instructions. 2. Manual = Transactions originating through branches and Telephone Banking. Above charges are HSBC Oman charges only. Other banks, including HSBC offices abroad, may deduct their charges from the remittance amount. a) Value date is subject to respective currency cut off time and holidays b) No deductions by HSBC and our correspondents are guaranteed. However, some non-HSBC beneficiary banks in the United States may still deduct their charges from the total remittance amount c) Enjoy free Fast CHEQUE transfers from any of your accounts in Oman to your own NRI account with HSBC India. Please contact your NRI relationship manager for more details d) A commission of 1% is charged is customer pays in currency notes other than OMR e) For issuance of DDs where cover is required, an additional OMR 2 is charged |
||
| HSBC Advance Credit Card Tariffs | |
|---|---|
| Description | Tariff |
| Primary Card annual fee | Free |
| Supplementary Cards | 2 Free |
| Minimum Payment | 5% of Outstanding Balance or OMR 10 (Whichever is higher) |
| Finance charges (retail transactions)* | 1.5% per month |
| Finance charges (cash transactions)* | 1.5% per month |
| Cash advance fee | 3% or OMR 5 (whichever is higher) |
| Card Replacement Fee (Lost) | OMR 5 |
| Late Payment Fee | OMR 10 |
| Overlimit Fee | OMR 5 |
| Copy of Sales Slip | OMR 10 |
| Copy of Previous Statement: Up to 6 months old 6-12 months more than 12 months |
OMR 1 OMR 3 OMR 5 |
| Returned Cheque Fee | OMR 15 |
| Charge for disputing a transaction subsequently found to be genuine | OMR 10 |
| Access to HSBC Account through HSBC ATMs | Inside Oman: FREE Outside Oman: OMR 1 per transaction |
| Access to HSBC Account through MasterCard/Cirrus ATMs | OMR 2 per transaction |
| Foreign Currency Transactions | Up to 2.6% per transaction |
| Credit Shield Plus | 0.65% of outstanding balance |
| Other Services | |
|---|---|
| Statement of account/retrieval of documents | |
| Extra copy (last 6 months) | OMR 1 |
| Extra copy (6-12 months old) | OMR 3 |
| Extra copy (beyond last 12 months) | OMR 5 |
| Miscellaneous | |
| Issuance of certificate (Account Balance, No liability balance confirmation certificate etc) | OMR 2 |
| Deposit/withdrawal in currency notes other than OMR | 1% |
| Closure of an Account, within 3 months of its opening | OMR 2 |
| Emergency encashment fee | Free |
| Financial benefits | |
| Personal loans | 0.5% discount on standard rate |
| For a Advance banking customer who wishes to open an account overseas, we can offer the following services for a service fee of USD100 - Setting up the accounts in another country prior to arrival/without the customer needing to visit the country - Transfer of the customer's credit history - Individual Needs Review - Support until the account is up & running - Full onboarding service |
|
Sole Account
You need to complete the Account opening process by personally visiting any of our Branch or Customer Service Centres, with the following documents:
- Identity Card (for Omanis)
- Valid Passport with valid Visa (expatriates) + valid Resident Card
- Salary certificate (for customers working in government/public sector companies)
- Original trade license (for all self-employed customers)
- Salary Transfer Letter (for customers working in private sector companies). Only one applicant is required to provide the Salary Certificate/transfer letter but it is mandatory that all the joint applicants are Oman residents
Joint Account
Both you and your joint applicant(s) need to complete the Account opening process by personally visiting any of our Branch or Customer Service Centres, with the following documents:
- Identity Card (for Omanis)
- Valid Passport with valid Visa (expatriates) + valid Resident Card
- Original trade license (for all self-employed customers)
- Salary certificate (for customers working in government/public sector companies)
- Salary Transfer Letter (for customers working in private sector companies). Only one applicant is required to provide the Salary Certificate/transfer letter but it is mandatory that all the joint applicants are Oman residents
Get an everyday account with HSBC Advance.
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