HSBC Fusion First $200 Bonus

HSBC is offering $200 for opening a new Fusion First business checking account. The requirements aren't the easiest we've seen and you'll need to open the account by phone or in-branch, but the bonus is one of the few business checking account promos available nationwide, so it may still be worthwhile for you.

HSBC is also running welcome bonuses for their premium business checking accounts (but also with higher requirements), so be sure to understand which is the right one for your company before opting into any.

How To Earn The Bonus

The HSBC Fusion First promotion requires you to deposit and maintain a minimum balance, and optionally, make purchases using the account's card in order to earn the $200 bonus.

Full requirements to receive this bonus are:

1. Open an HSBC Fusion First checking account using the link below.
2. Within 60 days, deposit $5,000 and maintain the balance for 90 days.
3. Within 60 days, complete 6 qualifying transactions (debit card purchases, write or deposit a check, ACH debits and credits, incoming and outgoing Real-Time Payments or wires)

The fine print

• HSBC Fusion accounts serve business that are U.S. based and have annual sales up to $5 million, including start-ups.
• The welcome bonus will deposit into your account about 8 weeks after all qualifying activities are met.
• The deposit required must be in new money, which means you cannot transfer from an existing HSBC account.
• The offer is only available in a U.S. HSBC branch.
• Customers who held any HSBC business account (including but not limited to loans and credit cards) from January 3, 2017 through and including January 3, 2021 are not eligible.
• If you change to, or subsequently open an additional product with a higher or lower balance requirement, you will receive the bonus that corresponds to the initial product you opened.
• If you open more than one HSBC business checking account and close the first HSBC business checking account within the requirement period, you will not be eligible for the bonus.
• Your HSBC business checking account (Fusion First, Fusion Smart or Fusion Professional Account) must be in good standing at time of gift fulfillment.

How does this business 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:

Chase

Chase Business Complete Banking℠

Bonus

$300

Account Type

Business Checking

Expires In

58 days

Requires

• Min Balance
• Card Spend (optional)

Full Details

U.S. Bank

Business Checking

Bonus

$500

Account Type

Business Checking

Expires In

33 days

Requires

• Min Balance
• Bill Pay (optional)
• Card Spend (optional)

Full Details

Live Oak

Live Oak small business checking

Bonus

$150

Account Type

Business Checking

Expires In

10 days

Requires

• Min Balance
• Bill Pay (optional)
• Card Spend (optional)

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.

Fusion First

Fees

Fusion First does charge a monthly fee of $30, but there are ways to get this waived:

• Maintain a monthly balance of $5,000 between this and any linked business accounts

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: