Available nationwide, HSBC is offering up to a $3,000 welcome bonus when you open a new HSBC Premier checking account and complete qualifying activities. Ultimately, HSBC wants your money, and a lot of it. This is a tiered bonus, the more you can deposit, the more you can earn.
The minimum tier for a $1,000 bonus requires a whopping $100,000. The upper tier requires at least $500,000 to earn $3,000.
Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. *Investment and annuity products are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. HSI is an affiliate of HSBC Bank USA, N.A.
How To Earn The Bonus
The HSBC Premier promotion requires you to deposit and maintain a minimum balance in order to earn the up to $3000 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- Any payments may be subject to tax and will be reported to the Internal Revenue Service as required by applicable law.
- License #: OE67746. HSI is an affiliate of HSBC Bank USA, N.A. Whole life, universal life, term life, and other types of insurance are offered by HSBC Insurance Agency (USA) Inc., a wholly owned subsidiary of HSBC Bank USA, N.A. Products and services may vary by state and are not available in all states. California license #: OD36843.
- Investments, Annuity and Insurance Products: Are not a deposit or other obligation of the bank or any of its affiliates; Not FDIC insured or insured by any federal government agency; Not guaranteed by the bank or any of its affiliates; and subject to investment risk, including possible loss of principal invested. All decisions regarding the tax implications of your investment(s) should be made in connection with your independent tax advisor.
Open a HSBC Premier account before the bonus expires on February 28, 2025
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:
TD Bank
Beyond Checking
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 68 days
- Requires
- Direct Deposit
Truist
Truist One Checking
- Bonus
- $400
- Account Type
- Personal Checking
- Expires In
- 68 days
- Requires
- Direct Deposit
BMO
Personal Checking
- Bonus
- $350
- Account Type
- Personal Checking
- Expires In
- 70 days
- Requires
- Direct Deposit
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 maintenance fee of $50, but there are ways to get this waived:
- Maintain a balance of at least $100,000 in combined U.S. consumer and qualifying commercial U.S. Dollar deposit and investment accounts
- OR, receive $5,000 in direct deposits each month
- OR, hold a HSBC U.S. residential mortgage loan
- OR, Maintain Private Bank status
Apply now for a HSBC Premier account to earn the up to $3000 bonus offer
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