HSBC Has a New Bonus of up to $750 for Checking Accounts

HSBC Has a New Bonus of up to $750 for Checking Accounts

HSBC has two separate checking account bonuses that can earn you $350 or $750. We’ve seen this bonus in the past, but it has been extended once again and it’s a bit easier to get that $750.

The Offer

Get a bonus of up to $750 when you open an account and fulfill the requirements listed:

• Advance Checking

  • Get $350 with a new HSBC Advance checking account with qualifying activities.
    • Open your new HSBC Advance checking account online, using this webpage, by July 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 days from the date you deposited the minimum Qualifying Balance; and
    • Set-up recurring Direct Deposit from a third party to an HSBC Advance checking account at least once per calendar month for 3 consecutive months following account opening month

• Premier Checking

  • Get $750 with a new HSBC Premier checking account with qualifying activities.
    • Open your new HSBC Premier checking account online, using this offer page, by July 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 calendar months from the first full calendar month after account opening

Promotion Page

Monthly Fees

Here’s the fees for each account:

• Advance Checking

  • A monthly maintenance fee of $25 will be incurred if minimum balance or recurring direct deposit requirement is not met.
    • $5,000 direct deposit
    • $10,000 in combined personal deposit and investment balances

• Premier Checking

  • A monthly maintenance fee of $50 will be incurred if minimum balance requirement is not maintained.
    • $75,000 in combined personal deposit and investment balances OR
    • Recurring direct deposits totaling at least $5,000

Key Terms

• Must be at least 18 years of age, have a Social Security Number, currently have a U.S. residential address and have had U.S. residency for the past three years to apply for a deposit account online.
• Customers who held an HSBC consumer deposit or investment account from June 2, 2016 through and including June 2, 2019 are not eligible for this offer.
• Customers who maintain(ed) a HSBC Mortgage and/or Credit Card without a consumer deposit or investment account are eligible.

Conclusion

The $750 is easier this time around. It doesn’t require huge amounts to be deposited or keep the account fee free. You still need to complete $5K in direct deposits monthly for 3 months to get the bonus and continue to do it to waive the $50 monthly fee. That’s still not the easiest requirements, but it’s better than having to deposit $100K.

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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