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HSBC Bank Promotions

HSBC is currently offering five promotions. Read our in-depth review of HSBC to see why HSBC scored 4.7 stars out of 5. We like their global presence and high online savings apy.

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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 offers a full array of services for different needs, including a high-yield online savings and several checking options.

About HSBC:
  • 7th largest bank in the world
  • Opened as the Hongkong and Shanghai Banking Corporation in 1865
  • Today, has over 3,800 offices in 66 countries across Europe, Asia, Oceania, Africa, and the Americas
  • FDIC Insured

HSBC Checking Account Promotion Requirements

What You Need to Apply: HSBC frequently offers cash bonuses for new checking customers. To qualify for the promotion, you must:

  • Be at least 18 years old
  • Have a Social Security Number
  • Have a current U.S. residential address
  • Have had U.S. residency for the past 3 years
  • Have a valid U.S. ID, passport, or Permanent Residential Card/Green Card
  • Have account information to fund your new HSBC account

Note: HSBC will conduct a soft pull on your credit to open the account. This does not affect your credit score.

How to Waive HSBC Checking Account Monthly Fees

HSBC checking accounts offer free online & mobile banking, HSBC Debit Mastercard, access to HSBC ATMs worldwide, and optional overdraft protection.

HSBC Checking accounts do have monthly service fees. However, you can waive them by doing the following:

  • HSBC Basic Banking Account. The $1 monthly service fee cannot be waived. There is no balance requirement.
  • HSBC Choice Checking Account. The $15 monthly service fee can be waived if you: set up at least one direct deposit per month, OR maintain a combined balance of $1,500 in deposit & investment accounts.
  • HSBC Advance Checking Account. The $25 monthly service fee can be waived if you maintain $5,000 in combined U.S. Dollar personal deposit accounts and investment balances OR a monthly recurring direct deposit from a third party to an HSBC Advance checking account OR an HSBC U.S. residential mortgage loan.
  • HSBC Premier Checking Account. The $50 monthly service fee can be waived if you maintain $75,000 in combined U.S. Dollar personal deposit accounts and investment balances OR recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s) per calendar month OR an HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000.

Check out bank promotions with no direct deposit requirement.

Recommended Products From HSBC

  • HSBC Direct Online Savings. This online savings account offers one of the top savings rates. There is no monthly service fee and you only need $1 to open the account.

  • HSBC Cash Rewards offers an introductory 3% cash back on all purchases in the first 12 months from account opening, up to the first $10,000 in purchases. This card earns unlimited 1.5% cash back on all purchases. There is no foreign transaction fees and no annual fee.

    Plus, enjoy a 0% intro APR for 12 months on purchases and balance transfers, then a 13.99% - 22.99% variable APR.

HSBC Locations in the U.S.

HSBC has 246 physical branches, however, they are only located in certain states. They're mostly on the East Coast, with some on the West Coast. Here are the states with HSBC branches and the rough number.

  • California: 36
  • Connecticut: 3
  • District of Columbia: 2
  • Delaware: 1
  • Florida: 18
  • Maryland: 3
  • New Jersey: 9
  • New York: 159
  • Virginia: 7
  • Washington: 4

Residents of other states can apply for an HSBC account online as long as you meet the above requirements. Just note that you may not have ATM access.

HSBC Credit Cards

Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% Intro APR for 12 months
0% Intro APR for 12 months
Variable APR of 13.99% - 22.99% will apply after the Introductory Period
$0

Disclaimer: The information for the HSBC Cash Rewards Mastercard® credit card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% Intro APR for 18 months
0% Intro APR for 18 months
Variable APR of 13.99% - 22.99% will apply after the Introductory Period
$0

Disclaimer: The information for the HSBC Gold Mastercard® credit card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

    Highlights

    Savings
    HSBC Direct Savings: 0.70% APY. $1 minimum opening deposit and no monthly service fee. Deposit checks easily by taking a picture with your phone using HSBC Mobile Banking.
    CD
    0.60% to 0.70% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 0.70%. Minimum deposit of $1,000 to open.
    Checking
    Basic Banking: no minimum requirements; $1 monthly service fee
    Choice Checking: $15 monthly service fee waived if you set up direct deposit OR maintain a minimum monthly balance of $1,500
    Advance Checking: $25 monthly service fee waived if you maintain a minimum monthly balance of $5,000 in combined HSBC deposit and investment accounts.
    Premier Checking: $50 monthly service fee waived if you maintain a minimum monthly balance of $75,000 in combined HSBC deposit and investment accounts.
    Customer Service
    24/7
    ATMs
    Any HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates.
    Locations
    HSBC - 240+ branches, mostly on the West and East coasts
    HSBC Direct - online only

    More Information

  • Information including rates, fees, terms, and benefits was obtained on May 4, 2020 from published websites and is believed to be accurate, but not guaranteed.
  • For the complete terms and conditions, view the merchant's website. While reasonable effort has been made to maintain accurate and updated information, the information shown on this site may vary, be out of date, or not applicable to you. All information is provided without warranty. Please review the terms and conditions on the merchant's website.
 HSBC Bank
 Visit SiteLearn More
 

HSBC Bank

Bank of America

 

Benefits and Features

SavingsHSBC Direct Savings: 0.70% APY. $1 minimum opening deposit and no monthly service fee. Deposit checks easily by taking a picture with your phone using HSBC Mobile Banking.0.01% APY (up to 0.05% if enrolled in Preferred Rewards). $8 monthly maintenance fee, unless you have 1) daily balance of $500, 2) are a Bank of America Preferred Rewards Client, or 3) link your Rewards Savings Account to your Interest Checking Account. Minimum deposit of $100.
CD0.60% to 0.70% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 0.70%. Minimum deposit of $1,000 to open.Standard Term CD: 0.03% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.06% APY. Terms of 7, 10, 13, 25, and 37 months. Minimum deposit of $10,000.
CheckingBasic Banking: no minimum requirements; $1 monthly service fee
Choice Checking: $15 monthly service fee waived if you set up direct deposit OR maintain a minimum monthly balance of $1,500
Advance Checking: $25 monthly service fee waived if you maintain a minimum monthly balance of $5,000 in combined HSBC deposit and investment accounts.
Premier Checking: $50 monthly service fee waived if you maintain a minimum monthly balance of $75,000 in combined HSBC deposit and investment accounts.
 
Customer Service
24/7
Mon-Fri: 8am - 9pm(ET)
Sat: 8am - 8pm (ET)
Sun: 8am-5pm (ET)
ATMsAny HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates.Over 16,000 ATMs around the country.
IRA CD Standard Term CD: 0.03% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.06% APY. Terms of 7, 10, 13, 25, and 37 months. Minimum deposit of $2,000.
LocationsHSBC - 240+ branches, mostly on the West and East coasts
HSBC Direct - online only
4600 retail financial centres around the country and brances in more than 40 other countries.
 Visit SiteLearn More

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

HSBC: Information including rates, fees, terms, and benefits was obtained on May 4, 2020 from published websites and is believed to be accurate, but not guaranteed.

Bank of America: Pricing information from published website as of 08/05/2020 based on 91107 zip code.


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CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

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.