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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.
If you're looking for bank promotions, you must check out these offers.
- 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.
- 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.
- Earn 2.05% APY on all balance tiers
- No monthly maintenance fee
- Minimum balance to earn APY is $1
- Member FDIC
$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.
$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.
HSBC Direct Savings - 2.05% APY
Compare Promotions
- Enjoy a $1,000 welcome bonus when you join Sapphire℠ Banking. Within 45 days, transfer a total of $75,000 or more in qualifying new money or securities to a combination of eligible personal checking, savings and/or investment accounts, (excludes any J.P. Morgan retirement accounts and CDs) and maintain that balance for 90 days.
- Enjoy a new kind of banking experience
- No ATM fees worldwide - down the street or around the globe
- Perks that add up - relationship rates, special access and help when you need it
- Open online in minutes
- Email my upgrade code
- Available in: AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KY, LA, MA, MD, MI, MS, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, TN, TX, UT, VA, WA, WI, WV
- Up to 1.25% APY
- No minimum balance requirements
- No fees to open or maintain account
- Overdraft Protection
- Daily Compounding Interest
- FDIC insured
- Cash back on all debit card purchases
- Up to 1.00% APY on savings
- No ATM fees
Chase Sapphire℠ Checking
Rewards Checking
Open Spend and Save Account - Earn up to 1.00% 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 $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. 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 14.74% - 24.74% 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: 2.05% 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: 2.05% 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.
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.
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
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 November 17, 2019 from published websites and is believed to be accurate, but not guaranteed.
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HSBC Bank | Bank of America | |
|---|---|---|
Benefits and Features | ||
| Savings | HSBC Direct Savings: 2.05% 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% - 1.60% 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 | 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. | 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% - 1.60% 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 November 17, 2019 from published websites and is believed to be accurate, but not guaranteed. Bank of America: Pricing information from published website as of 11/15/2019 based on 91107 zip code. | ||
HSBC Bank Alternatives
- Enjoy a $1,000 welcome bonus when you join Sapphire℠ Banking. Within 45 days, transfer a total of $75,000 or more in qualifying new money or securities to a combination of eligible personal checking, savings and/or investment accounts, (excludes any J.P. Morgan retirement accounts and CDs) and maintain that balance for 90 days.
- Enjoy a new kind of banking experience
- No ATM fees worldwide - down the street or around the globe
- Perks that add up - relationship rates, special access and help when you need it
- Open online in minutes
- Email my upgrade code
- Available in: AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KY, LA, MA, MD, MI, MS, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, TN, TX, UT, VA, WA, WI, WV
- No fees
- No minimum opening deposit
- No minimum balance required
- Up to 1.25% APY
- No minimum balance requirements
- No fees to open or maintain account
- Overdraft Protection
- Daily Compounding Interest
- FDIC insured
- Earn 2.00% APY on balances of $10,000 and above
- Member FDIC
Chase Sapphire℠ Checking
Online Savings Account - Earn 1.80% APY
Rewards Checking
UFB High Yield Savings - Earn up to 2.00% APY
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.
HSBC Savings Account
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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HSBC Cash Rewards Mastercard Review
With an unlimited 1.5% cash back, the HSBC Cash Rewards Mastercard is a catchy cash back card. Is it right for you? Read this in-depth review before you apply.
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Best Online Bank
Online banks are convenient, pay higher interest rates, and have less fees. Read on for our list of the best online banks for your money.
Top 10 Best Online Savings Account
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.
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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