HSBC Bank Promotions

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

$350
HSBC Advance Checking - $350 Bonus
Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities.
• Open your new HSBC Advance checking account online by December 31, 2019; and
• Deposit a minimum Qualifying Balance of $5,000 or more in New Money in combined checking and savings accounts within 30 calendar days of account opening, maintain at least the minimum Qualifying Balance for 90 calendar days from the date you deposited the minimum Qualifying Balance; and
• Set-up recurring Direct Deposits from a third party to an HSBC Advance checking account at least one per calendar month for 3 consecutive months following account opening month
• You will automatically receive the $350 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.
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Expires 12/31/2019
$750
HSBC Premier Checking - $750 Bonus
Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities.
• Open your new HSBC Premier checking account online by December 31, 2019; and
• Make recurring Direct Deposits totaling at least $5,000 from a third party to your HSBC Premier checking account(s) per calendar month; and
• Receive monthly Direct Deposits totaling at least $5,000 into your checking account for 3 consecutive months from the second full calendar month after account opening
• You will automatically receive the $750 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.
Get Deal
Expires 12/31/2019

HSBC Direct Savings - 2.20% APY

• Earn 2.20% APY on all balance tiers
• No monthly maintenance fee
• Minimum balance to earn APY is $1
• Member FDIC

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Compare Promotions

Chase Total Checking® + Chase Savings℠
• Enjoy up to $350 when you open a new Chase Total Checking® account with Direct Deposit and/or open a new Chase Savings℠ account, deposit $10,000 or more in new money and maintain a $10,000 balance for 90 days
• Enjoy a $200 bonus when you open a new Chase Total Checking® account and set up direct deposit
• Enjoy a $150 bonus when you open a new Chase Savings℠ account, deposit a total of $10,000 or more in new money within 20 days, and maintain a $10,000 balance for 90 days
• Access to 16,000 Chase ATMs and nearly 5,000 branches
• Apply online in minutes. Open your account online now.
• Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
• Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
Get Deal

Open a CIT Bank 2.20% APY Savings Builder High Yield Savings Account
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Discover Online Savings - $150 Cash Bonus
To get your $150 or $200 Bonus offer: What to do: Apply for your first Discover Online Savings Account by 10/7/19, 11:59 PM ET, online or by phone. Enter Offer Code CY919 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 by 10/21/19, 11:59 PM ET. 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. Account must be open when bonus is credited. Bonus will be credited to the account by 11/4/19. Bonus is considered interest and will be reported on IRS Form 1099-INT. Offer may be modified/withdrawn without notice. See advertiser website for full details.
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Expires 10/7/2019

NBKC Checking Account - 1.01% APY
• Earn 1.01% APY
• No monthly account fees
• No minimum balance
• No ATM fees at 32,000+ Moneypass ATMs and up to $12/month refund for any other ATM fees
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Rewards Checking
• Up to 1.25% APY
• No minimum balance requirements
• No fees to open or maintain account
• Overdraft Protection
• Daily Compounding Interest
• FDIC insured
Get Deal

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 $3 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 a combined balance of $10,000 in deposit and investment accounts, OR have a combined balance of at least $5,000 with at least one recurring direct deposit every month.
  
• HSBC Premier Checking Account. The $50 monthly service fee can be waived if you maintain a combined balance of $75,000 in deposit and investment accounts OR have at least one recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account every month.

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. This card has a 10% anniversary bonus on all cash rewards earned once a year. 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 14.99% - 24.99% variable APR. (See Rates & Fees)

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

At HSBC's Secure Site HSBC Cash Rewards Mastercard® credit card Earn unlimited 1.5% cash back on all purchases. Earn an Introductory 3% Cash Back on all purchases in the first 12 months from Account opening, up to the first $10,000 in purchases 10% Anniversary Bonus on all Cash Rewards earned once a year. No Annual Fee. 0% Intro APR for 12 months on purchases and balance transfers, then a 14.99% - 24.99% variable APR. No Foreign Transaction Fees. $0 liability for unauthorized purchases. Terms Apply. See Rates & Fees Intro APR for Purchases Intro APR for Balance Transfer Regular APR Annual Fee 0% Intro APR for 12 months 0% Intro APR for 12 months Variable APR of 14.99% - 24.99% will apply after the Introductory Period $0

At HSBC's Secure Site HSBC Gold Mastercard® credit card 0% Intro APR on purchases and balance transfers for the first 18 months from account opening. Then a variable APR of 12.99% - 20.99% will apply. No Penalty APR. Late Fee Waiver. No Foreign Transaction Fees. $0 Annual Fee. $0 liability for unauthorized purchases. Terms Apply. See Rates & Fees Intro APR for Purchases Intro APR for Balance Transfer Regular APR Annual Fee 0% Intro APR for 18 months 0% Intro APR for 18 months Variable APR of 12.99% - 20.99% will apply after the Introductory Period $0

• Overview
• Compared to Bank of America
In-Depth Review

Highlights

Savings
HSBC Direct Savings: 2.20% 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
0.75% to 1.30% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 0.95%. Minimum deposit of $1,000 to open.
Checking
Basic Banking: no minimum requirements; $3 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 $10,000 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

Information including rates, fees, terms, and benefits was obtained on July 17, 2019 from published websites and is believed to be accurate, but not guaranteed.

	HSBC Bank	Bank of America
	Benefits and Features
Savings	HSBC Direct Savings: 2.20% APY. $1 minimum opening deposit and no monthly service fee. Deposit checks easily by taking a picture with your phone using HSBC Mobile Banking.	0.03% APY (up to 0.06% 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	0.75% to 1.30% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 0.95%. Minimum deposit of $1,000 to open.	Standard Term CD: 0.03% - 0.75% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.07% - 1.80% APY. Terms of 12, 13, 25, and 37 months. Minimum deposit of $10,000.
Checking	Basic Banking: no minimum requirements; $3 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 $10,000 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 - 11pm(ET) Sat-Sun: 8am - 8pm (ET)
ATMs	Any HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates.	Approximately 15,900 ATMs around the country.
IRA CD		Standard Term CD: 0.03% - 0.75% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.07% - 1.80% APY. Terms of 12, 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.
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. HSBC Bank: Information including rates, fees, terms, and benefits was obtained on July 17, 2019 from published websites and is believed to be accurate, but not guaranteed. Bank of America: Pricing information from published website as of 09/16/2019 based on 91107 zip code.

HSBC Bank Alternatives

Chase Total Checking® + Chase Savings℠
• Enjoy up to $350 when you open a new Chase Total Checking® account with Direct Deposit and/or open a new Chase Savings℠ account, deposit $10,000 or more in new money and maintain a $10,000 balance for 90 days
• Enjoy a $200 bonus when you open a new Chase Total Checking® account and set up direct deposit
• Enjoy a $150 bonus when you open a new Chase Savings℠ account, deposit a total of $10,000 or more in new money within 20 days, and maintain a $10,000 balance for 90 days
• Access to 16,000 Chase ATMs and nearly 5,000 branches
• Apply online in minutes. Open your account online now.
• Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
• Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
Get Deal

Open a CIT Bank 2.20% APY Savings Builder High Yield Savings Account
See Terms

Online Savings Account - Earn 1.90% APY
Get Deal
• No fees
• No minimum opening deposit
• No minimum balance required

Rewards Checking
• Up to 1.25% APY
• No minimum balance requirements
• No fees to open or maintain account
• Overdraft Protection
• Daily Compounding Interest
• FDIC insured
Get Deal

NBKC Checking Account - 1.01% APY
• Earn 1.01% APY
• No monthly account fees
• No minimum balance
• No ATM fees at 32,000+ Moneypass ATMs and up to $12/month refund for any other ATM fees
Get Deal

Articles on HSBC Bank

HSBC Bank Review
September 26, 2018 - Reviews for HSBC Bank
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.

HSBC Online Savings
August 14, 2018 - Reviews for HSBC Bank
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
August 13, 2018 - Reviews for HSBC Bank
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
July 31, 2018 - Reviews for HSBC Bank
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

Residual Income
May 14, 2019 - Tips for Investing
Make money and get paid even after the upfront work is done. Learn how residual (or passive) income works. Here are 10 good investment ideas to build it.


HSBC Cash Rewards Mastercard Review
April 19, 2019 - Reviews for HSBC Cash Rewards
With an unlimited 1.5% cash back and a 10% anniversary bonus, the HSBC Cash Rewards Mastercard is a catchy cash back card. Is it right for you? Read this in-depth review before you apply.

Best High Yield Savings Accounts
April 18, 2019 - Reviews for Savings
Make your money work harder for you in a high-yield savings account. Here are the top savings accounts to grow your money.

Best Ways to Invest

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Thinking of investing, but not sure where to start? Here are the best places to invest money right now.

Best Online Bank
February 4, 2019 - Reviews for Bank
An online bank can save you money on fees and pay you higher interest rates. But not all online banks are good. Read on for the list of top banks.

Top 10 Best Online Savings Account
October 23, 2016 - Reviews for Bank
The best online savings accounts pay a good interest rate, are fully secured, and allow for flexibility. Find the best high interest savings accounts to consider.

Editorial Note: This content is not provided by HSBC. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by HSBC.

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