Updated August 15, 2022

HSBC Premier Checking Bonus

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HSBC Premier Checking is offering a $500 Welcome Deposit for eligible new customers who open an account with qualifying activities. Find out how to qualify for this promotion.

HSBC Bank is one of the largest international banks. It has physical branches in 63 countries and territories around the world.

They occasionally offer generous sign-up bonuses on their popular checking account. It's worth considering if you're in the market for a new account and HSBC meets your needs.

Currently, HSBC Premier checking has a huge $500 new customer promotion up for grabs.

Learn more about this limited-time offer below.

What is HSBC Premier Checking

HSBC Premier Checking is a global banking account for high-net-worth individuals. It's a good choice if you work, live, or travel abroad often.

To avoid the monthly fee, you need a combined balance of $75,000 in your HSBC deposit and investment accounts OR have recurring direct deposits of $5,000+ per month.

In exchange, you get the following perks:

Global Banking:

  • Free International account opening and portable credit history
  • Access your global HSBC accounts from one place with Global View
  • No fees for Global Transfers between eligible HSBC accounts worldwide
  • Covert, hold and send money abroad with no transfer fees with our Global Money account

No HSBC Fees:

  • No HSBC fees* on everyday banking transactions
  • No HSBC incoming or outgoing wire transfer fees
  • No foreign transaction fees using your Premier debit or credit card
  • No U.S. HSBC ATM fees or at 55,000+ Allpoint ATMs worldwide

Other benefits:

  • Dedicated support from a Relationship Manager
  • Priority service for all your financial needs, no matter where you are
  • Extend your Premier status up to four family members
  • Earn a higher APY on a Premier Savings account when you meet eligibility criteria.

How to Waive the Monthly Fee

You can waive the $50 monthly service fee by fulfilling one of the following options:

  • Maintain at least a combined balance of $75,000 in deposit and investment accounts
  • Have recurring direct deposits totaling at least $5,000 to HSBC Premier checking account every month
  • Have any HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000

How to Earn the $500 Bonus

This exclusive offer is only available online. Follow these steps to snag the cash bonus.

Easy and simple.

You must apply for the promotion through the link provided. You won't receive the bonus if you open an account through other pages on HSBC's website.

Who Can Apply

HSBC's $500 bonus offer is open nationwide. To apply online, you must meet these requirements:

  • Be 18 years of age and have a Social Security number
  • Have a U.S. mobile number
  • Have a current U.S. residential address of at least one year

You'll also need to provide some personal information:

  • Name, date of birth, and residential address
  • Contact information
  • Employment information
  • Social Security number
  • Driver's license or state ID
  • External bank account number and routing number of funding account

Fine Print You Must Know

  • You must not have a current or past HSBC account in the US.
  • Qualifying direct deposits are electronic deposits of regular periodic payments (such as salary, pension, Social Security, or other regular monthly income) deposited via ACH by your employer or an outside agency.
  • Transfers from one account to another, mobile deposits, or deposits made at an HSBC Wealth Center or ATM do not qualify.
  • Eligible customers who take advantage of this offer cannot receive any other New Consumer Deposit Offers provided by HSBC Bank USA, N.A.
  • Limit one Welcome Deposit per customer, including all individual and joint accounts.
  • Your HSBC Premier checking account must be open and in good standing at the time of fulfillment.
  • The Welcome Deposit will be reported on the applicable IRS form.

Why Choose HSBC

HSBC has significantly decreased their US presence. But they have a huge international footprint in 63 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America.

HSBC Bank is clearly aimed towards those with international banking needs. It could be right for you if you:

  • Live, work, study, or buy property abroad
  • Frequently transfer money between accounts in different countries
  • Are a relatively high net worth individual

The great thing about HSBC is that it's free to transfer money between eligible HSBC accounts worldwide. And you can see all your global accounts in one place.

Plus, you'll always receive priority service from HSBC anywhere in the world. Their local experts can help you with anything - from overseas account opening to buying property in another country.

Other Bank Offers You Might Like

Bottom line

HSBC offers great cash bonuses for their HSBC Premier Checking account from time to time. A bonus like this doesn't come around often. If you have international banking needs and need a secure place to house your large balance, look no further.

With HSBC Premier, you get access to global banking, no HSBC ATM fees, and even a personal relationship manager to help with financial decisions.

If this account isn't right for you, be sure to take a look at other checking promotions.


Citi Priority - Earn up to $2,000 Cash Bonus

Expires 1/9/2024
  • Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day
  • New to Relationship customers can choose their Relationship Tier.
  • Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
  • Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
  • If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes.
  • Bonus will be paid within 30 days after you successfully complete all required activities.
  • Restrictions apply.
Bank of America
Member FDIC

Bank of America Business Advantage Checking Account - $200 Bonus Offer

Expires 12/31/2023
Earn a cash bonus in three steps:
  1. Open a new eligible business checking account by December 31, 2023
  2. Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
  3. Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**
*Qualifying Deposits are deposits of new money, which is money not currently or previously held in any account at Bank of America or Merrill
**The maintenance period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.
Member FDIC
Member FDIC

Chase Total Checking® - $200 Bonus

Expires 10/18/2023
  • New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account and set up direct deposit
  • Access to more than 15,000 Chase ATMs and more than 4,700 branches
  • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
  • JPMorgan Chase Bank, N.A. Member FDIC
  • Open your account online now
  • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
  • Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Discover Bank
Member FDIC

Discover Online Savings - $200 Cash Bonus

Expires 12/14/2023

To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY923 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 12/14/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

CIT Bank
Member FDIC

CIT Bank Platinum Savings - 5.05% APY

  • 5.05% APY with a balance of $5,000 or more
  • 0.25% APY with a balance of less than $5,000
  • $100 minimum opening deposit
  • No monthly maintenance fee
  • Member FDIC

Amber Kong is a content specialist at CreditDonkey, a bank comparison and reviews website. Write to Amber Kong at amber.kong@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi.

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How to Open a HSBC Account

HSBC is one of the largest banks in the world, with physical branches all over the globe. It focuses on banking and wealth management services for international high net worth clients.

About CreditDonkey
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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

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