WPS - Current Account For Individual
WPS - Current Account For Individual
A WPS Current Account is a salary transfer account, which can be used for making cash deposits, cash withdrawals and funds transfers (FTS / IPI).
This product is available for Individuals – UAE Salaried Residents.
Enjoy Zero Balance Account with Zero Maintenance Charges!
Terms & Conditions
Terms and Conditions are contained in the Account Opening Form. These Terms are subject to change at BSI’s sole discretion. Such changes will be communicated to you with a 60-day prior notice.
Eligibility
- Account can be opened against Salary Transfer to BSI.
- Other Terms and Conditions shall apply.
Documents Required
- Valid Passport, Visa & EID.
- Salary Transfer Letter / Salary Certificate / Labor Contract.
- Other supporting documents required as per customer profile.
Key Features:
- Easy and flexible Account Opening process.
- No charges on zero balance.
- Unlimited teller transactions at all our branches in the U.A.E.
- No charges for ATM withdrawals.
- Free SMS and monthly email notifications.
- Free local bank transfers (Immediate Payment Instructions).
- Ability to open Fixed Deposit Account with best offered rate.
- Personal loan repayable up to 48 months (subject to approval).
Quick links: Account Opening Form| Key Fact Statement| Schedule of Charges - Individual| Terms & Conditions
Key Features
Services
- Minimum Balance Requirement No Minimum Balance required (Zero balance)
- Interest & Currency There is no interest paid on this account. The account is available in the AED Only.
- Cheque Book Not Applicable
- ATM Card Individual customer is eligible for an ATM card. Each ATM card will have a daily ATM transaction limit of AED 5,000.00 and weekly limit of AED 25,000.00 Max.
- Mode of Access & Limitation
- The account can be accessed through branches, ATMs (BSI,UAE-Switch & GCCNet).
- Enquiries can be made through our branches.
- The Bank has a protocol to identify the customer at these channels for the security of the account.
- BSI may review the details of your source of income prior to confirming your account opening.
Fees & Charges
- Breach of Minimum Balance Fee NIL
- Account Opening Fee Free
- Account Closure Fee AED 100.00 (Within 6 months of opening date thereafter Free)
- Replacement ATM Card AED 25.00 (Lost / Damaged)
- ATM Card Issuance/Renewal Free
- ATM Withdrawal Free (BSI ATM & other banks’ ATM (UAE-Switch)
- Teller Transaction Free
- Monthly e-statement Free (if registered)
- Dormant Account Handling Charges Free
- Instant Payment Instruction (IPI) – Local Funds Transfer Free
- Account Balance Confirmation AED 50.00
- Charges mentioned above are excluding of 5% VAT.
- All other product and services pricing will be as per the Bank’s Schedule of Charges. Please refer to http://www.banksaderat.ae
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