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What is this product and how does it work?

Open Account

This Key Facts Statement provides you with indicative information about the features, interest, fees and charges of this product, but please refer to BSI Schedule of Charges for more information.

  • 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.

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.

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

Key Obligations

  • Please do not share any information related to your account for the safety of your funds. The account number, ATM card details and PINs and any other identity details must not be shared with anyone.
  • Each banking package has specific fees and charges applicable. Please check the most detailed, updated Schedule of Fees and Charges on our website (http://www.banksaderat.ae/).
  • If you have any queries, you are unsatisfied with our services or to report fraud / complaint / dispute, please contact our Customer Service on +971 4 6035267 or businesscare@bsi.co.ae
  • You should carefully check the transactions (including ATM card transactions) in the statement and any error or discrepancy must be notified in writing to the Bank within (15) fifteen days from the date on which the statement is sent to the customer’s address as entered in the Bank’s records. If you give no notice, the statement will be deemed to be correct.
  • BSI reserves the right to decline any customer application at its sole discretion.
  • Bank, without referring to the customer, may debit the customer’s accounts with any charges, expenses, or commission payable against the banking services rendered in accordance with the approved and announced banking charges and commissions.
  • BSI is obligated to share customer information with the designated government entities as per the Bank’s applicable Terms & Conditions.

Warning:

  • Please do not share any information related to your account for the safety of your funds. The account number, ATM card details and PINs and any other identity details must not be shared with anyone.
  • Each banking package has specific fees and charges applicable. Please check the most detailed, updated Schedule of Fees and Charges on our website (http://www.banksaderat.ae/).
  • If you have any queries, you are unsatisfied with our services or to report fraud / complaint / dispute, please contact our Customer Service on +971 4 6035267 or businesscare@bsi.co.ae
  • You should carefully check the transactions (including ATM card transactions) in the statement and any error or discrepancy must be notified in writing to the Bank within (15) fifteen days from the date on which the statement is sent to the customer’s address as entered in the Bank’s records. If you give no notice, the statement will be deemed to be correct.
  • BSI reserves the right to decline any customer application at its sole discretion.
  • Bank, without referring to the customer, may debit the customer’s accounts with any charges, expenses, or commission payable against the banking services rendered in accordance with the approved and announced banking charges and commissions.
  • BSI is obligated to share customer information with the designated government entities as per the Bank’s applicable Terms & Conditions.

About BSI

A Leading Islamic bank with a Strong Customer Franchise

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+97146035555