Prizes you could win with salary transfers in UAE banks

The banks are working hard to entice new customers with prizes on offer for those that switch their salary to a new institution. Here are three of the best promotions on offer right now.

Mona Al Marzooqi / The National
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Salary transfer bonus: Emirates NBD

Benefits: Customers who transfer their salary to Emirates NBD could win up to a year's pay. Two monthly raffles will pay out half a year's salary, of up to Dh200,000 per winner, while the grand prize of a full year's salary – up to Dh500,000 – will be handed out at the end of the promotion.

Beware of: The promotion, which runs until June, applies only to those earning more than Dh10,000 per month.

Salary transfer cashback: HSBC

Benefits: Transfer your salary to a new HSBC Premier or Advance account before March 31 and be one of eight to win a month's salary as cashback. For HSBC Advance, you must transfer a monthly salary of Dh15,000 or maintain a balance of Dh100,000; Premier account holders must earn Dh50,000 or above or maintain an average balance of Dh350,000.

Beware of: Those who do not meet the criteria will be charged penalty fees.

Salary transfer bonuses: ADIB

Benefits: Switch your salary to ADIB and win up to 24 times your salary. The promotion applies to both new and existing ADIB customers. Every salary transfer will entitle the account holder to a coupon to win either a grand prize (drawn twice a year) of two years' salary or a monthly prize of one month's salary. There are 62 winners every year.

Beware of: The grand prize is capped at Dh600,000 and the monthly bonus at Dh25,000.

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