Advertiser and Editorial Disclosures The content below is NOT endorsed by the bank, and you should make sure to verify all terms and conditions with the bank itself before opening an account.
Per the site:
Get a $450 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete the following qualifying activities. - Open your new HSBC Premier checking account online by June 30, 2021; and - Make recurring monthly Qualifying Direct Deposits totaling at least $5,000 from a third party to your HSBC Premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening. - You will automatically receive the $450 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It's that simple
In our opinion, this is probably the best of the HSBC bonuses out there. If you can muster up the $5,000 in direct deposits for 3 months, this is a good idea.
Even though there is a big monthly fee here - you will inherently avoid it by attempting to get the bonus. Direct deposits totaling $5,000 or more waive it.
A note - the account opening process for HSBC is reported to be more involved than the average bank account. Expect to get a "pending" status after applying online, and you will likely be asked to verify information over the phone or by email. Still - very worth the trouble for such a generous bonus.
Let us know what you think in the comments below.
Wednesday, June 30, 2021
Direct deposit - Amount | Frequency
Yes - $5,000 | 3
Savings requirement | time
How to avoid monthly fees
Maintain minimum balance of $75,000 in combined U.S. Dollar personal deposit accounts and investment balances OR have recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s) per calendar month OR an HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000
Wait for reward (expected)
Leave account open
Other fine print
Customers who held any HSBC consumer deposit or investment account from January 7, 2018 through and including January 7, 2021 are not eligible for this offer. All qualifying activities must be completed within the stated time frames in order to be eligible for 3% Cash Bonus. To be eligible for the offer, your HSBC Premier checking account must be open without being changed to a product with lower balance requirements, and in good standing at the time of fulfillment.