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.
About HSBC:
- 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
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 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.
Check out bank promotions with no direct deposit requirement.
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
Savings
Premier Relationship Savings: 0.85% APY when you link an eligible Premier checking account and meet one of four eligibility criteria (otherwise 0.05% APY)
Premier Relationship Savings: 0.85% APY when you link an eligible Premier checking account and meet one of four eligibility criteria (otherwise 0.05% APY)
Compare: HSBC vs Citibank
CD
0.65% to 1.75% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 1.25%. Minimum deposit of $1,000 to open.
0.65% to 1.75% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 1.25%. Minimum deposit of $1,000 to open.
Read: CD Rates Calculator
Compare: HSBC vs Capital One
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.
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.
Compare: HSBC vs Bluevine
Customer Service
24/7
24/7
ATMs
Any HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates.
Any HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates.
Locations
25 branches in the US; Global presence in more than 64 countries and territories worldwide
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 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 | Premier Relationship Savings: 0.85% 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 | 0.65% to 1.75% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 1.25%. 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: 0.01% Annual Percentage Yield |
| 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 | 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 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. | ||
Articles on HSBC Bank
HSBC Bank
HSBC Bank offers a full array of services for different needs. But there are downsides. Read on for the pros and cons.
HSBC Premier Checking Bonus
HSBC Premier Checking is offering a $500 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities. Find out how to qualify for this promotion.
HSBC Advance Checking
Are you tired of not earning interest on your checking account? Maybe you want more than just check writing privileges in exchange for depositing your money. HSBC Advance Checking may make you look at banks in a different light.
HSBC Premier Checking
Are you looking for a checking account that does more than allow you to write checks? If you are a high net worth individual, the HSBC Premier Checking account may be what you need. This top-of-the-line checking account offers access to a personal Relationship Manager.
Recent Mentions
Best Online Bank
Online banks are convenient, pay higher interest rates, and have less fees. Find out which accounts are best (#1 surprised us).
Best Short Term Investment Options
The best short term investment options provide good returns with low risk. Here are the top 10 strategies for your short term goals.
Best Online Savings Account
Good online savings accounts have a high interest rate, flexibility and are fully secured. Here are the best banks to consider.
More Bank Promotions
Citibank Promotions
Citi Priority Account - Up to $1,500 Cash Bonus
Bank of America Promotions
Bank of America Advantage Plus Banking® - $100 Bonus Offer
Wells Fargo Promotions
Personal Checking Account - $200 Bonus
Capital One 360 Promo Code
360 Performance Savings - 1.00% APY
Synchrony Bank Promotions
High Yield Savings - 1.10% APY
Next Page: HSBC Bank
