HSBC Bank Promotions: New Checking Account Bonus
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.
- 8th 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 one year
- 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 only offers one checking account called HSBC Premier Checking. It has a $50 monthly maintenance fee that can be waived with one of the following:
- Have at least $75,000 in combined personal deposit accounts and investment balances
- Have at least $5,000 in total direct deposits per month from a third party, OR
- Maintain an HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000.
The HSBC Premier Checking account offers free online & mobile banking, no foreign transaction fee on the debit card, global transfers, and access to HSBC ATMs worldwide.
Once you're a Premier client, you'll have Premier status and privileges around the world.
HSBC Locations in the U.S.
HSBC has scaled back its US presence to only 20 - 25 physical locations, which are repurposed into international wealth centers.
Highlights
Premier Relationship Savings: 3.65% APY when you link an eligible Premier checking account and meet one of four eligibility criteria (otherwise 0.05% APY)
3.50% to 4.30% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 4.25%. Minimum deposit of $1,000 to open.
Premier Checking: $50 monthly service fee waived if you maintain a minimum balance of $75,000 in combined HSBC deposit and investment accounts, OR have at least $5,000 in total direct deposits per month.
24/7
Any HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates.
25 branches in the US; Global presence in more than 64 countries and territories worldwide
Data points including rates, fees, terms, and benefits was obtained on January 25, 2023 from published websites and is believed to be accurate, but not guaranteed.
|  | |
 | | |
HSBC Bank | Citibank | |
|---|---|---|
Benefits and Features | ||
| Savings | Premier Relationship Savings: 3.65% APY when you link an eligible Premier checking account and meet one of four eligibility criteria (otherwise 0.05% APY) | 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 | 3.50% to 4.30% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 4.25%. Minimum deposit of $1,000 to open. |  |
| Checking | Premier Checking: $50 monthly service fee waived if you maintain a minimum balance of $75,000 in combined HSBC deposit and investment accounts, OR have at least $5,000 in total direct deposits per month. | Citi Priority Account |
| 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 70,000 fee-free ATMs at Citi 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 | 25 branches in the US; Global presence in more than 64 countries and territories worldwide | 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 January 25, 2023 from published websites and is believed to be accurate, but not guaranteed. Citibank: Pricing information from published website as of 01/31/2023. 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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