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.
- Get up to $240 with a 3% Cash Bonus Checking Offer when you open a new HSBC Advance checking account and complete the following qualifying activities.
- Open your new HSBC Advance checking account online by September 30, 2020; and
- Set up Qualifying Direct Deposits into your new HSBC Advance checking account; and then
- Enjoy 3% Cash Bonus, up to $240, on Qualifying Direct Deposits up to $40 per month, during the first 6 calendar months after account opening
- You will automatically receive the 3% Cash Bonus in your new HSBC Advance checking account approximately eight weeks after completing that month's qualifying activities.
- Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.
- Get a $200 Welcome Deposit for eligible new customers who open a new HSBC Advance checking account and complete the following qualifying activities.
- Open your new HSBC Advance checking account online by September 30, 2020; and
- Make recurring monthly Qualifying Direct Deposits totaling at least $500 from a third party to your HSBC Advance checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening
- You will automatically receive the $200 Welcome Deposit in your new HSBC Advance 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.
- Get up to $600 with a 3% Cash Bonus Checking Offer when you open a new HSBC Premier checking account and complete the following qualifying activities.
- Open your new HSBC Premier checking account online by September 30, 2020; and
- Set up Qualifying Direct Deposits into your new HSBC Premier checking account; and then
- Enjoy 3% Cash Bonus, up to $600, on Qualifying Direct Deposits up to $100 per month, during the first 6 calendar months after account opening
- You will automatically receive the 3% Cash Bonus in your new HSBC Premier checking account approximately eight weeks after completing that month's qualifying activities.
- Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.
- 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 September 30, 2020; 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.
$240
HSBC Advance Checking - Up to $240 Cash Bonus
$200
HSBC Advance Checking - $200 Welcome Deposit
$600
HSBC Premier Checking - Up to $600 Cash Bonus
$450
HSBC Premier Checking - $450 Welcome Deposit
- Earn 0.70% APY on all balance tiers
- No monthly maintenance fee
- Minimum balance to open account is $1
- Member FDIC
0.70%
HSBC Direct Savings - 0.70% APY
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- 1.00% APY
- $100 minimum opening deposit
- No monthly maintenance fee
- FDIC insured
- No fees
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- No minimum balance required
CIT Savings Builder - Earn 0.85% APY
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CIT Bank Money Market Account - 1.00% APY
Online Savings Account - Earn 0.95% APY
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.
Related: Best Bank Promotions
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
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.
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.
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.
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.
Compare: HSBC vs Capital One
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
HSBC - 240+ branches, mostly on the West and East coasts
HSBC Direct - online only
HSBC - 240+ branches, mostly on the West and East coasts
HSBC Direct - online only
- 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.
More Information
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HSBC Bank | Bank of America | |
|---|---|---|
Benefits and Features | ||
| 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. | 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. |
| 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. | 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. |
| 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 | Mon-Fri: 8am - 9pm(ET) Sat: 8am - 8pm (ET) Sun: 8am-5pm (ET) | |
| ATMs | Any 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. | |
| Locations | HSBC - 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. |
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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. | ||
HSBC Alternatives
- 1.00% APY
- $100 minimum opening deposit
- No monthly maintenance fee
- FDIC insured
- No fees
- No minimum opening deposit
- No minimum balance required
- 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 CheckingSM account and any Savings and Money Market accounts. Plus, get free standard check orders, money orders, official bank checks and stop payments.
CIT Bank Money Market Account - 1.00% APY
Online Savings Account - Earn 0.95% APY
TD Beyond Checking
Online Checking - $200 Bonus
You could get a $200 bonus by opening an Online Checking account and receiving a qualifying direct deposit of $500+ by October 31, 2020. Increase your bonus to $250 by adding an Online Savings account and having a savings balance of at least $1000 on October 31, 2020.
Articles on HSBC Bank
HSBC Bank Review
HSBC Bank offers a full array of services for different needs, including a high-yield online savings and several checking options. But there are downsides. Read on for the pros and cons.
Hsbcdirect
Are you tired of abysmal interest rates on your savings accounts? Maybe you've even abandoned the thought of a savings account because it just doesn't seem worth it anymore.
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.
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