HSBC Existing Personal Checking Customer up to $180 Bonus

It's not often that banks offer bonus cash to current customers, but HSBC is offering up to $180 ($30 per month for 6 months) if you use your Mastercard and Bill Pay feature. You'll need to have received the targeted email to qualify, but the requirements are easy to meet if you fall into this group.

How To Earn The Bonus

The HSBC Existing Personal Checking Customer promotion requires you to make purchases using the account's card and set up bill pay in order to earn the $180 bonus.

Full requirements to receive this bonus are:

1. Have an existing HSBC personal checking account.
2. Earn $15 each month that you make at least 10 new purchases using your HSBC Mastercard, PLUS earn $15 each month that you pay 3 bills using HSBC's Bill Pay.

The fine print

• For the card spend, you must have an eligible HSBC Mastercard®. Eligible card(s) includes HSBC Debit Mastercard® card(s) linked to your HSBC Premier checking account and/or HSBC Mastercard® credit card(s). Debit card transactions are excluded, as are balance transfers, credit card checks, cash advances or overdrafts.
• Transactions must post to your Eligible HSBC Mastercard® Card within the calendar month to qualify.
• For the bill pay bonus, you must be registered for online banking, and only transactions through the HSBC Bill Pay service count. Transfers between accounts (internal or external) do not qualify.

How does this personal checking offer from HSBC compare?

To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:

Citi®

Citi Priority Account

Bonus

up to $2000

Account Type

Personal Checking

Expires In

14 days

Requires

• Min Balance

Full Details

U.S. Bank

U.S. Bank Smartly™ Checking

Bonus

up to $600

Account Type

Personal Checking

Expires In

21 days

Requires

• Direct Deposit

Full Details

Fifth Third Bank

Personal Checking

Bonus

$275

Account Type

Personal Checking

Expires In

101 days

Requires

• Direct Deposit

Full Details

Why HSBC Bank?

The American subsidiary of HSBC Bank is based out of New York City and has 160 branches in 10 states. Most of HSBC's brick and mortar banks are located in the NYC area, but they also have a presence in Los Angeles, Miami, and Washington, D.C. HSBC offers deposit accounts, personal and home loans, investment and retirement accounts, and credit cards.

Since 2005, HSBC has also been operating an online-only platform called HSBC Direct, which includes high yield checking, savings, and Certificate of Deposit accounts — all online or from your smartphone.

Overall, HSBC isn't our top pick if you're shopping for a new bank. With so few physical branches, you should consider them an online bank – but with worse rates, higher fees, and lagging tech. On the pro side, however, they consistently offer sign up bonuses (though many of which you'll need to claim in-branch). If you're eligible, we certainly recommend claiming the free cash – but otherwise stick to a different bank as your primary account.

HSBC Premier

Premier Checking is HSBC’s top-tier option for checking accounts. The account comes with a $50 monthly maintenance fee, which you can avoid by enrolling in direct deposit of at least $5,000 or more monthly or having an HSBC U.S. residential mortgage loan with an original mortgage value of at least $500,000.

Perks include unlimited rebates on non-HSBC ATM withdrawals, global transfers, and preferred HSBC mortgage rates.

Fees

HSBC Premier does charge a monthly fee of $50, but there are ways to get this waived:

• Maintain a minimum balance of $75,000
• OR, receive $5,000 in direct deposits each month
• OR, hold a HSBC U.S. residential mortgage with an original loan of at least $500,000

HSBC Advance

Fees

HSBC Advance does charge a monthly fee of $25, but there are ways to get this waived:

• Receive any qualifying direct deposit
• OR, maintain a minimum balance of $5,000 in HSBC deposit or investment balances
• OR, hold a HSBC U.S. residential mortgage of any amount

Choice Checking

Fees

Choice Checking does charge a monthly fee of $15, but there are ways to get this waived:

• Receive any qualifying direct deposit
• OR, maintain a minimum balance of $1,500
• OR, be a new to bank student (18+ year old who lists their occupation as student) to receive a 6 year maintenance fee waiver

Basic Banking

Fees

Basic Banking charges a monthly fee of $1.

HSBC Bank Locations

You may sometimes be required to visit a branch in-person to take advantage of a welcome offer. Or, you may just prefer the convenience of banking with institutions that have locations near you.

HSBC Bank has a total of 24 branches in the United States.

Get a better idea of how well HSBC Bank can serve you by checking out their branches closest to your area: