HSBC Bank Promotions: New Checking Account Bonus
HSBC is currently offering two promotions. Read our in-depth review of HSBC to see why HSBC scored 4.3 stars out of 5. We like their global presence and high online savings apy.
HSBC Premier Checking - $450 Welcome Deposit
- Get a $450 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete the following qualifying activities.
- Open your new HSBC Premier checking account online by January 5, 2022; and
- Make recurring monthly Qualifying Direct Deposits totaling at least $5,000 from a third party to your HSBC Premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening.
- You will automatically receive the $450 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It's that simple.
- Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.
- Direct Deposit Required: Yes
- Minimum Deposit Required: $5,000/Month for 3 Months
HSBC Direct Savings - 0.15% APY
- Earn 0.15% APY on all balance tiers
- No monthly maintenance fee
- Minimum balance to open account is $1
- Member FDIC
- Minimum Deposit Required: $1
Compare Promotions
Discover Online Savings - $200 Cash Bonus
To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online or by phone. Enter Offer Code CY21 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 30 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 12/15/21, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.
Chase Total Checking® - $225 Bonus
- New Chase checking customers enjoy a $225 bonus when you open a new Chase Total Checking® account and set up direct deposit
- Access to 16,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Minimum Deposit to Open: $0
- Direct Deposit Required: Yes
- Minimum Deposit Required: None
CIT Bank Money Market Account - 0.45% APY
- 0.45% APY
- $100 minimum opening deposit
- No monthly maintenance fee
- Minimum Deposit Required: $100
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.
- 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
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.
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
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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.
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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
HSBC Direct Savings: 0.15% APY. $1 minimum opening deposit and no monthly service fee. Deposit checks easily by taking a picture with your phone using HSBC Mobile Banking.
0.20% to 0.30% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 0.30%. Minimum deposit of $1,000 to open.
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.
24/7
Any HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates.
HSBC - 240+ branches, mostly on the West and East coasts
HSBC Direct - online only
- Data points including rates, fees, terms, and benefits was obtained on December 20, 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.
More Information
|  | |
 |  | |
HSBC Bank | Citibank | |
|---|---|---|
Benefits and Features | ||
| Savings | HSBC Direct Savings: 0.15% APY. $1 minimum opening deposit and no monthly service fee. Deposit checks easily by taking a picture with your phone using HSBC Mobile Banking. | Citi® Accelerate High-Yield Savings available in AA, AE, AK, AL, AP, AR, AS, AZ, CO, DE, GA, GU, HI, IA, ID, IN, KS, KY, LA, MA, ME, MI, MN, MO, MP, MS, MT, NC, ND, NE, NH, NM, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VI, VT, WA, WI, WV, WY and select markets in Florida and Illinois. |
| CD | 0.20% to 0.30% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 0.30%. 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. | Citi Priority Account 0.03% Annual Percentage Yield (APY) |
| Money Market | | |
| Customer Service | 24/7 Live Customer Service (Telephone) | |
| ATMs | Any HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates. | More than 65,000 fee-free ATMs at Citibank branches and participating retail locations nationwide, including Target, CVS Pharmacy, Rite aid, Walgreens, Duane Reade and ATMs displaying Allpoint or MoneyPass logo. |
| IRA CD | | |
| IRA Money Market | | |
| Locations | HSBC - 240+ branches, mostly on the West and East coasts HSBC Direct - online only | More than 700 Citibank branches (concentrated in New York, Chicago, Los Angeles, San Francisco, Washington DC and Miami) |
| | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. HSBC: Data points including rates, fees, terms, and benefits was obtained on December 20, 2020 from published websites and is believed to be accurate, but not guaranteed. Citibank: Pricing information from published website as of 09/15/2021. 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. | ||
HSBC Alternatives
Chase Business Complete Banking℠ - $300 Bonus
- Earn $300 when you open a new Chase Business Complete Checking account. For new Chase business checking customers with qualifying activities.
- More ways to waive fees. Multiple options to waive the Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink® Business credit card
- Built-in card acceptance. Accept card payments anytime, anywhere in the U.S., and get transparent pricing with Chase QuickAccept℠.
- Same-day deposits with QuickAccept℠. Free up the cash you need to keep your business moving forward with same-day deposits at no additional cost.
- Alerts to help you stay on top of your account activity.
- Easy account management through Chase Business online and the Chase Mobile® app.
- Unlimited electronic deposits, ACH and Chase Quick Deposit℠.
- Convenient access to 16,000 ATMs and more than 4,700 branches.
- Minimum Deposit to Open: None
- Direct Deposit Required: No
- Minimum Deposit Required: $2,000 within 30 business days
CIT Savings Builder - 0.40% APY
Earn up to 0.40% APY. Here's how it works: Maintain a minimum balance of $25k OR make at least a $100 minimum deposit every month. Member FDIC
- Minimum Deposit Required: $100
Discover Online Savings - $150 Cash Bonus
To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online or by phone. Enter Offer Code CY21 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 30 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 12/15/21, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.
TD Beyond Checking - $300 Cash Bonus
- New customers who apply online for a TD Beyond Checking account can earn a $300 cash bonus after receiving direct deposits of $2,500 or more within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online. Offer is available in these states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
- Earn $300 when you receive direct deposits totaling $2,500 or more within 60 days
- Get more from your checking account. With TD Beyond Checking with Payback Plus, you'll earn interest and get reimbursed for non-TD ATM transactions, Rush Bill Payments and more.
- Monthly maintenance fee waived when you receive monthly direct deposits of $5,000 or more, or maintain a minimum daily balance of $2,500, or a combined balance of $25,000 across eligible TD accounts.
- TD fees waived at any ATM and non-TD fees reimbursed when you keep at least a $2,500 daily balance
- Overdraft Payback - Get overdraft fees automatically reversed up to two times a year.
- Get your money where it needs to go —fast— with Rush Bill Payments, Send Money with Zelle®, incoming wires and a reimbursement for one outgoing wire (domestic or international) per statement cycle.
- TD checking accounts come with an instant-issue debit card. And, you can pay with confidence with Zero Liability protection and 24/7 fraud monitoring.
- Monthly maintenance fee waived on one TD Simple Checking℠ account and any Savings and Money Market accounts. Plus, get free standard check orders, money orders, official bank checks and stop payments.
- Direct Deposit Required: Yes
- Minimum Deposit Required: $2,500 within 60 days
CD Rates - Up to 1.11% APY
- $500 minimum opening deposit
- FDIC insured
| Term | CD Rates |
|---|---|
| 6 Months | 0.55% APY |
| 1 Year | 0.60% APY |
| 2 Years | 0.75% APY |
| 3 Years | 1.00% APY |
| 5 Years | 1.11% APY |
- Minimum Deposit to Open: $500
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