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HSBC 3% HISA until Sep 3

  • Last Updated:
  • Apr 28th, 2019 1:12 am
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Jr. Member
User avatar
Feb 26, 2015
110 posts
65 upvotes
I created an account with HSBC since Motive Financial was taking forever to process my account.
Feel like I am missing out on all the 'earn $200 by creating an account with bank X today'
I was under the impression that major bank accounts were insured for up to $500,000.
Am I mistaken? Are all savings accounts only insured for up to $100,000 via CIDC?
Newbie
User avatar
Apr 25, 2016
80 posts
28 upvotes
DUCA is giving 3% until Jan 2020. I have had good service from DUCA and they insure upto $250K as part of Ontario credit union.
Jr. Member
Aug 29, 2018
102 posts
36 upvotes
Fyi you only get 3 free transactions per month on hsbc account, and the interac limit is 5k.

On Duca you have to call them to move the money into the high interest account.
Deal Addict
Oct 13, 2006
1813 posts
357 upvotes
Burnaby
Received an email with this offer. Might not take advantage of this one since HSBC pays out interest in the middle of the month? Guess it's not that big a deal, but still prefer the end/beginning of the month.
Deal Addict
Dec 4, 2008
1009 posts
501 upvotes
I was targeted for this... is there a hard pull/check on credit for opening a HISA with HSBC?
Sr. Member
Dec 26, 2012
974 posts
511 upvotes
Canada
7things wrote:
Apr 18th, 2019 6:30 pm
DUCA is giving 3% until Jan 2020. I have had good service from DUCA and they insure upto $250K as part of Ontario credit union.
Why do they require a hard pull to create an account? :\
Penalty Box
Oct 18, 2018
567 posts
223 upvotes
I have a Advance account currently with HSBC, if I open the savings a/c and transfer my funds from Advance a/c to Savings account, will it be considered as new deposit?


Also I can still waive my Advance account monthly fee by maintaining relationship balance with HSBC in the Savings account?

Anyone please share your opinion on this?
Deal Addict
Jan 21, 2014
3818 posts
1604 upvotes
Anyone has successfully link HSBC account to EQ or Tangerine? I tried last time and it failed the micro deposits due to the weird account number that they have. I remember that some numbers we must exclude but forgot the details
Newbie
Dec 14, 2013
5 posts
Montreal
SAme issue for me: HSBC HISA number: 123-123456-123 . I don't know how to add account in Tangerine ?
Member
Jul 6, 2009
458 posts
35 upvotes
Toronto
htran9 wrote:
Apr 26th, 2019 4:16 pm
SAme issue for me: HSBC HISA number: 123-123456-123 . I don't know how to add account in Tangerine ?
(123)-123456-123

The first 3 digits is actually the branch number if i remember correctly.

the last 9 is your account number.
Google HSBC transit number
Deal Guru
Mar 22, 2004
11910 posts
2370 upvotes
RFD
7things wrote:
Apr 18th, 2019 6:30 pm
DUCA is giving 3% until Jan 2020. I have had good service from DUCA and they insure upto $250K as part of Ontario credit union.
Want to go with DUCA, but not having everything possible to set up online without having to call them or go to one of their branches is a bit of a con.
Deal Guru
Mar 22, 2004
11910 posts
2370 upvotes
RFD
Phreman wrote:
Apr 18th, 2019 5:54 pm
I created an account with HSBC since Motive Financial was taking forever to process my account.
Feel like I am missing out on all the 'earn $200 by creating an account with bank X today'
I was under the impression that major bank accounts were insured for up to $500,000.
Am I mistaken? Are all savings accounts only insured for up to $100,000 via CIDC?
Yes I'm on the fence on attempting to sign up with Motive Financial because of the posted experiences of some number of RFD members. Making me stay away from Motive Financial.

Considering opening an account with Motusbank TFSA and that $200 Simplii deal....but I heard some have had issues opening with Simplii as well hmmmm
Deal Addict
Oct 13, 2006
1813 posts
357 upvotes
Burnaby
radeonboy wrote:
Apr 26th, 2019 9:36 pm
Yes I'm on the fence on attempting to sign up with Motive Financial because of the posted experiences of some number of RFD members. Making me stay away from Motive Financial.

Considering opening an account with Motusbank TFSA and that $200 Simplii deal....but I heard some have had issues opening with Simplii as well hmmmm
Well HSBC is even worse, have to spend close to 2 hours in branch
Deal Guru
Mar 22, 2004
11910 posts
2370 upvotes
RFD
amplified wrote:
Apr 27th, 2019 12:24 am
Well HSBC is even worse, have to spend close to 2 hours in branch
What the??!!! LOL that is horrendous.
Deal Addict
Oct 13, 2006
1813 posts
357 upvotes
Burnaby
radeonboy wrote:
Apr 27th, 2019 1:11 am
What the??!!! LOL that is horrendous.
Its legit, those who signed up during their last banking promo can vouch and I was one of them. I imagine the same experience when I go to close my account.

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