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.