HSBC Premier [Referral] $300 Referral Bonus

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HSBC Bank : Premier [Referral]

$300

3.3

BankBonus.com score

Availability

Ease

Amount

Fees

Offer Expires In

How To Earn The Bonus

  1. Open a new Premier checking account using a referral code from an existing HSBC customer.
  2. Deposit $75,000 in either this account or combined across other HSBC accounts, OR have recurring direct deposits of at least $5,000, OR have a HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000.
  3. Bonuses will be deposited to both the new and referring account within 8-12 weeks.

Available in Your Area?

Yes

Monthly Fees?

Yes

Open Online?

Yes

Credit Pull?

Soft

HSBC has launched their next iteration of their "Share The Experience" referral program, where current HSBC customers can earn up to $6,000 by referring friends and family to the bank.

For the new customer, HSBC is offering a $300 welcome bonus. This is lower than it was previously, but they now allow the accounts to be opened online – which is a pretty big perk compared the old requirement of only in-branch.

You'll need a custom referral code, but the requirements are otherwise fairly easy to hit.

For your friend, the bonus is $500 with qualifying balances of $75,000.00-$499,999.99 in deposit and/or eligible investment accounts OR $1,000 with qualifying balances of $500,000 or more in deposit and/or eligible investment accounts.

How To Earn The Bonus

The HSBC Premier [Referral] promotion requires you to use a referral link, and optionally, set up direct deposits and deposit and maintain a minimum balance in order to earn the $300 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

  • You must receive a referral code from an existing HSBC customer, but the account can be opened in-branch, by phone, or online.
  • Referred customers who have a current or past HSBC account in the U.S. on file are not eligible for this offer.
  • You will receive the bonus within 8 weeks from the date the new account is fully qualified.
  • The new account must be open without being changed to a product with lower requirements and in good standing at time of the bonus fulfillment.

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®

Enhanced Direct Deposit

Bonus
$300
Account Type
Personal Checking
Expires In
103 days
Requires
  • Direct Deposit

TD Bank

Beyond Checking

Bonus
$300
Account Type
Personal Checking
Expires In
4 days
Requires
  • Direct Deposit

PNC

Virtual Wallet®

Bonus
up to $400
Account Type
Personal Checking
Expires In
34 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 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

Share Your Thoughts or Questions

There have been 1 comment about the HSBC Premier [Referral] $300 Referral Bonus.

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Nicholas

November 15, 2023

Is there a way to get a referral link for this if you don't know someone personally who has an HSBC account? It looks like you can't just sign up on their website for this offer.

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