Thinking of opening a new HSBC Premier Checking Account online? If so, you’re in for a treat. Right now, HSBC Bank USA N.A is offering not one, but two amazing cash bonus offers to customers who open an eligible business checking account or personal HSBC account before August 8, 2021. American customers can get a very generous cash bonus of either $450 or up to $600. However, you’ll need to set up monthly recurring direct deposits worth potentially up to $5,000 before you can automatically receive your bonus.
New HSBC Premier Checking Account $450 Bonus
Let’s take a look at the $450 offer first – which is available nationwide on all new HSBC Premier Checking Account online openings. To apply for the $450 cash bonus, you’ll need to select “HSBC Premier Checking Account” when applying for your new HSBC advance checking account and complete the following qualifying requirements:
Expiration Date:
- August 8, 2021.
How to Get It:
- Open a new HSBC Premier Checking Account and complete the following qualifying requirements:
- Account opening must take place before 31/08/2021.
- You must make monthly recurring direct deposits totalling at least $5,000 into your HSBC Premier Checking Account each month for the first 90 days. These qualifying direct deposits must come from a third-party account.
- Your new HSBC checking account approximately eight weeks after the above requirements have been met, will be awarded a $450 Welcome Deposit.
Minimum Deposit:
- 3x qualifying direct deposits totalling at least $5,000.
When You’ll Get It:
- The bonus will be paid into your HSBC advance checking account approximately eight weeks after you’ve met the criteria outlined above.
Monthly Maintenance Fee:
- A monthly maintenance fee of $50 applies, unless you are able to either:
- Open a HSBC Premier Checking Account and maintain at least $75,000 in combined U.S Dollar personal deposit accounts and investment balances.
- Continue to make recurring direct deposits totalling $5,000 or more every calendar month (from a third party).
- Take out a HSBC U.S residential mortgage loan totalling $500,000 or more.
- Qualify for a personal HSBC Premier Relationship using your HSBC U.S Dollar commercial balances.
New HSBC Premier Checking Account $600 Bonus
Now for the alternative $600 bonus. This deal works a little differently – it’s still available online and nationwide but is paid out as a percentage 3 Cash Bonus Checking Offer up to a maximum of $600, rather than as a flat $450 bonus. Here’s the criteria you’ll need to meet in order to qualify:
Expiration Date:
- August 8, 2021.
Application Process:
- Open a new HSBC Premier Checking Account and complete the following qualifying activities.
- Make sure you select “HSBC Premier Checking Account” when choosing your HSBC advance checking account type. Account opening must take place before the above deadline.
- Set up qualifying direct deposits of up to $100 per month maximum to be paid into your new HSBC advance checking account.
- Automatically receive a percentage 3 Cash Bonus up to a total of $600 on your qualifying direct deposits. This only applies during the first six months of account opening. The bonus will appear in your HSBC Premier Checking Account approximately eight weeks after completing all qualifying activities.
Minimum Deposit:
- 6x qualifying direct deposits of up to $100 per month maximum.
When You’ll Get It:
- The 3% bonus will be paid into your HSBC advance checking account approximately eight weeks after you’ve met the criteria outlined above.
Monthly Maintenance Fee:
- A monthly maintenance fee of $50 applies, unless you are able to either:
- Open a HSBC Premier Checking Account and maintain at least $75,000 in combined U.S Dollar personal deposit accounts and investment balances.
- Make recurring direct deposits totalling at least $5,000 into your account every calendar month (from a third party).
- Take out a HSBC U.S residential mortgage loan totalling $500,000 or more.
- Qualify for a personal HSBC Premier Relationship using your HSBC U.S Dollar commercial balances.
How Does the New HSBC Premier Checking Account Bonus Compare to Other Bank Bonuses?
Let’s take a look at how the two HSBC bank promotions compare to some of the latest bonus offers advertised by some of HSBC’s top competitors.
| Bonus Amount | Account Type | Direct Deposits | Expiry Date | |
| HSBC | ||||
| TD Bank | ||||
| M&T Bank | ||||
| Chase Bank | ||||
| Capital One | ||||
| Huntington National Bank | ||||
| Bank of America |
What are the Eligibility Requirements for the New HSBC Premier Checking Account Bonus?
Before you can apply for the $450 or $600 HSBC bank promotions, you’ll need to meet some basic eligibility criteria. You must:
- Be at least 18 years old
- Have a U.S. Social Security Number
- Have a valid U.S driver’s license, passport or Permanent Resident/Green Card
- Provide HSBC with your current U.S residential address and previous U.S residential address details for the past three years
- Show the bank relevant account information you’ll use to fund your new deposit account online
New HSBC Premier Checking Account Bonus FAQs
Still unsure about the latest HSBC Premier Checking Bonuses? If you have questions about how to open your new HSBC account, which banks have the best sign up details or more, FiLife’s handy FAQs are here to help.
1. Which US Bank Has the Best Signing Bonus?
Here at FiLife, we think that HSBC’s latest bonuses represent pretty impressive value. We’d definitely recommend applying for these consumer deposit offers provided you meet the necessary eligibility requirements and other terms.
However, any personal internet banking decision should always be thought through very carefully and whether HSBC’s offers are the best bonuses for you will depend on your unique circumstances. Read more about the best bank bonuses.
For example, the Bank of America offer outlined above might offer certain account holders more flexibility and choice.
2. Is HSBC a Member FDIC?
Yes – HSBC is a member FDIC, which means you are fully insured up to allowable limits with any qualifying HSBC bank account. This will always be the case with any accounts taken out with US member FDIC banks.
3. Which Banks Give US Customers a Bonus for Opening an Account?
From HSBC bank and Chase, through to Bank of America, Capital One, TD Bank and Huntington National, there are tons of top banks and other financial institutions out there offering special bonuses and cashback deals to new and existing customers. This is precisely why it’s always important to compare the market – to make sure you are always getting the best bonuses and deals when opening a new account.
4. Which Bank Account is Best for International Banking?
If you’re internationally-minded, HSBC tends to be better than other banks when it comes to foreign transaction fees and worldwide ATM coverage.
5. Does HSBC Offer Referral Bonuses on Individual and Joint Accounts?
On top of the bonuses we’ve been reviewing, HSBC is also offering “Refer and Earn” referral bonuses granting existing account holders up to $2,000 when friends open a qualifying HSBC personal or business checking account using a unique referral code. Bonus terms and conditions will often differ between individual and joint accounts, as well as any HSBC business accounts, however, so always check the fine print before applying for a special offer.
6. Does HSBC Bank USA N.A Offer a Free Checking Account?
There is almost always a monthly maintenance fee charged with any type of HSBC advance checking account, but the account focused on in this review features several different fee waiver options for customers, which we have already explored in detail. If you want a low-fee account from the very outset, you should consider HSBC’s 5 Basic Banking account, which has no minimum balance requirement and a monthly maintenance fee cost of just $1.
7. What Percentage Does the HSBC Up to $600 Bonus Pay Out?
The up to $600 HSBC bonus pays out a percentage 3 cash bonus up to a total value of $600 to qualifying customers. This means that, depending on your unique circumstances, the bonus you will automatically receive could range anywhere from $0 to $600.
8. Is HSBC Bank USA N.A a Safe Bank?
As HSBC U.S is a member FDIC bank, any account you take out with this bank will be 100% insured up to allowable limits. That said, these limits could vary between different joint account, investment account and deposit account types. Always check the fine print and T&Cs very carefully when opening a new account with a new bank.
9. Can I Get a Bonus with a HSBC Advance Checking Account?
Yes – HSBC is offering two bonuses right now, worth $450 and up to $600, respectively. To claim, you’ll need to apply for a HSBC Premier Checking Account and follow the strict terms, conditions and regular periodic payments we’ve talked about in this review.
10. Does the New HSBC Premier Checking Account Bonus Have Any Important Eligibility Requirements?
Yes – you must be at least 18 years old before you can apply. You must also provide HSBC with your Social Security Number, current U.S residential address and U.S residential address details for the past three years. You will also be asked to show a valid U.S driver’s license, passport or Permanent Residential Card/Green Card.
Is the New HSBC Premier Checking Account Bonus Worth It?
If you’re interested in opening up a HSBC advance checking account, it would be hard to say no to either of the two amazing HSBC consumer deposit bonuses available right now. HSBC bank is a trusted member FDIC provider that offers some excellent personal internet banking and regular checking account services, but you should always think very carefully about any new account opening decision you make – particularly when claiming a bonus that is governed by strict terms and conditions like this one. Before applying, you should:
- Familiarize Yourself with the T&Cs
From direct deposits to monthly maintenance fee requirements and waivers, there’s a lot to think about when claiming these HSBC bonuses. Read the monthly fee fine print and make sure you’re happy with the terms, particularly regarding any regular periodic payments.
- Compare the Market Before You Commit
HSBC consumer deposit requirements are pretty strict on these two offers – especially in terms of direct deposits. Shop around to see what other cash bonus offers are out there and consider whether these might be a better fit for your needs.
- Get All Your Documents Ready Beforehand
When you come to open your new HSBC account, you’ll need to provide evidence of your ID, Social Security Number, U.S residential address, previous U.S residential address details for the last three years and more. Make sure you prepare everything beforehand to avoid any unnecessary delays during the application process.
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