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HSBC Premier Checking $450 Sign-up Bonus - Full Review (Direct Deposit Required)


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.

Get a $450 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities. Member FDIC. [See 'DETAILS' for exact requirements]

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 January 5, 2022; 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.

Phalicia Chow - March 31, 2021

Who is this bonus for?
Eligible states
Specific geography
Expiration date
Wednesday, January 5, 2022

Bonus requirements
Direct deposit - Amount | Frequency
Yes - $5,000 | 3
Savings requirement | time
Bill pay
Debit card
Other requirements

Account details
Account type
Account features
FDIC Insured
Apply online
Monthly fees
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

Other details
Wait for reward (expected)
200 days
Hard pull
Leave account open
Other fine print
Customers who held any HSBC consumer deposit or investment account from August 31, 2018 through and including August 31, 2021 are not eligible for this offer. 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.

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