I can ask HSBC about that and finally get something going on in my USD InvestDirect account - I bought the shares a while ago back when board lot trading was essentially the only way to go. Now that that has effectively gone by the wayside (especially with the emergence of fractional share trading) I shouldn't fuss about breaking up a board lot of TSX listed shares in exchange for what will almost certainly be an "odd lot" of NYSE listed shares.
HSBC Premier+Jade/PCS Thread
- Last Updated:
- Mar 29th, 2024 4:53 am
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- SCORE+20
- gainsbarre
- Jr. Member
- May 31, 2018
- 119 posts
- 136 upvotes
- Calgary
- bij0520
- Member
- Jul 30, 2016
- 228 posts
- 316 upvotes
Thanks everyone! Then maybe I should hold Canadian securities in TFSA and US securities in a non-registered account.
Another question is, if I get a HSBC Canada credit card before I leave and not use it for a while, are they going to cancel it due to inactivity?
Another question is, if I get a HSBC Canada credit card before I leave and not use it for a while, are they going to cancel it due to inactivity?
- angel_wing0
- Moderator
- Mar 23, 2004
- 47728 posts
- 13898 upvotes
- Markham
yes they sure will.
- angel_wing0
- Moderator
- Mar 23, 2004
- 47728 posts
- 13898 upvotes
- Markham
yes they sure will.
- secretalcoholic
- Deal Addict
- Jul 26, 2018
- 1804 posts
- 2843 upvotes
- Canada, eh?
It was a good run reaping all the Premier benefits lol but now I’m moving down south so in the process of cancelling my entire HSBC portfolio.
- brunes
- Deal Expert
- Dec 11, 2005
- 20136 posts
- 2964 upvotes
It's been like this forever, at least as long as I have been there. HSBC has no US denominated registered accounts.angel_wing0 wrote: ↑ Have to say that's terrible. Has that always been the case or just a recent thing?
To be fair, most Canadian brokerages don't, it is still fairly rare.
Questrade has it, ScotiaBank has it, RBC has it, but I am honestly not sure of any others off the top of my head, those may be the only 3. I know TD and BMO and WealthSimple don't have it for certain.
To be nobody but yourself - in a world which is doing its best, night and day, to make you everybody else - means to fight the hardest battle which any human being can fight; and never stop fighting. -- E. E. Cummings
- minimalist
- Deal Fanatic
- Feb 1, 2006
- 6494 posts
- 2490 upvotes
- Ontario
IB also has USD RRSP & TFSA.brunes wrote: ↑ It's been like this forever, at least as long as I have been there. HSBC has no US denominated registered accounts.
To be fair, most Canadian brokerages don't, it is still fairly rare.
Questrade has it, ScotiaBank has it, RBC has it, but I am honestly not sure of any others off the top of my head, those may be the only 3. I know TD and BMO and WealthSimple don't have it for certain.
Cards:HSBC WE MC 1.5%/3% travel 0 FX MC acceptance 31 day med AF $49
CTC WE MC 3% grocery, 3.54% CTC, RA, billpay, AF $0
MBNA RWE 5.4% grocery/resto
Bank: EQ (1.5%)
CTC WE MC 3% grocery, 3.54% CTC, RA, billpay, AF $0
MBNA RWE 5.4% grocery/resto
Bank: EQ (1.5%)
- frugal1
- Deal Addict
- Mar 30, 2009
- 1513 posts
- 1214 upvotes
You bought the shares "a while ago"? I haven't heard of anyone raising board lot trading for decades!gainsbarre wrote: ↑ I can ask HSBC about that and finally get something going on in my USD InvestDirect account - I bought the shares a while ago back when board lot trading was essentially the only way to go. Now that that has effectively gone by the wayside (especially with the emergence of fractional share trading) I shouldn't fuss about breaking up a board lot of TSX listed shares in exchange for what will almost certainly be an "odd lot" of NYSE listed shares.
- S5
- Deal Addict
- Oct 4, 2009
- 3590 posts
- 2953 upvotes
- Montreal
Did you just awake from a decade long coma?brunes wrote: ↑ It's been like this forever, at least as long as I have been there. HSBC has no US denominated registered accounts.
To be fair, most Canadian brokerages don't, it is still fairly rare.
Questrade has it, ScotiaBank has it, RBC has it, but I am honestly not sure of any others off the top of my head, those may be the only 3. I know TD and BMO and WealthSimple don't have it for certain.
TD and BMO have had USD registered accounts for years as do the vast majority of Canadian brokers. Those that don’t are very much the exception these days.
Edited to add 2011 link to BMO announcement and 2014 link to TD’s announcement. https://www.financialwisdomforum.org/fo ... 29#p439929
https://www.financialwisdomforum.org/fo ... 01#p534501
Wealthsimple Premium
- cmchiu
- Sr. Member
- Aug 27, 2013
- 782 posts
- 538 upvotes
- cloud
The Canadian Premier WE MasterCard has no foreign exchange fee, while many (most?) Hong Kong credit cards do. So if you were use it every few months, especially when you travel out of HK, just to keep it active, it shouldn't be too much of a pain.
- S5
- Deal Addict
- Oct 4, 2009
- 3590 posts
- 2953 upvotes
- Montreal
Will HSBC even allow him to keep the CC as a non resident? Most financial institutions will close your CC as soon as you become NR.
Wealthsimple Premium
- angel_wing0
- Moderator
- Mar 23, 2004
- 47728 posts
- 13898 upvotes
- Markham
Well, so much for being an international bank. Maybe it has something to do with US sanctions?brunes wrote: ↑ It's been like this forever, at least as long as I have been there. HSBC has no US denominated registered accounts.
To be fair, most Canadian brokerages don't, it is still fairly rare.
Questrade has it, ScotiaBank has it, RBC has it, but I am honestly not sure of any others off the top of my head, those may be the only 3. I know TD and BMO and WealthSimple don't have it for certain.
TD has it for sure, since I already have DI. CIBC IE also has it.
- cmchiu
- Sr. Member
- Aug 27, 2013
- 782 posts
- 538 upvotes
- cloud
- angel_wing0
- Moderator
- Mar 23, 2004
- 47728 posts
- 13898 upvotes
- Markham
As long as you have Premier, dont think there will be an issue.
- Scote64
- Deal Fanatic
- Jan 21, 2018
- 9652 posts
- 10924 upvotes
- Vancouver
It's really difficult sometimes to get an answer from HSBC. I've been trying to answer this for a week:
If I transfer money out of my Premier chequing account to an HSBC investment like Wealth Compass, it still counts as part of my "total relationship" with HSBC for the purpose of the $100K Premier minimum. But does that transfer out count as a negative to my "deposit accounts" (as stated in the 1.75% offer) that offsets any new money I transfer in to receive the 1.75% bonus interest on savings?
The phone agent waffled back and forth and then quoted the verbatim text of the 1.75% offer without attempting interpretation. Crickets on further inquires.
Maybe I have to do a small test transfer and then wait a month for the actual answer?
If I transfer money out of my Premier chequing account to an HSBC investment like Wealth Compass, it still counts as part of my "total relationship" with HSBC for the purpose of the $100K Premier minimum. But does that transfer out count as a negative to my "deposit accounts" (as stated in the 1.75% offer) that offsets any new money I transfer in to receive the 1.75% bonus interest on savings?
The phone agent waffled back and forth and then quoted the verbatim text of the 1.75% offer without attempting interpretation. Crickets on further inquires.
Maybe I have to do a small test transfer and then wait a month for the actual answer?
- hvc
- Deal Fanatic
- Aug 31, 2010
- 7556 posts
- 6834 upvotes
Assuming it was in your chequing before COB September 10th: the transfer from your chequing is a negative against the 1.75% bonus, yes,Scote64 wrote: ↑ It's really difficult sometimes to get an answer from HSBC. I've been trying to answer this for a week:
If I transfer money out of my Premier chequing account to an HSBC investment like Wealth Compass, it still counts as part of my "total relationship" with HSBC for the purpose of the $100K Premier minimum. But does that transfer out count as a negative to my "deposit accounts" (as stated in the 1.75% offer) that offsets any new money I transfer in to receive the 1.75% bonus interest on savings?
The phone agent waffled back and forth and then quoted the verbatim text of the 1.75% offer without attempting interpretation. Crickets on further inquires.
Maybe I have to do a small test transfer and then wait a month for the actual answer?
- Scote64
- Deal Fanatic
- Jan 21, 2018
- 9652 posts
- 10924 upvotes
- Vancouver
- hvc
- Deal Fanatic
- Aug 31, 2010
- 7556 posts
- 6834 upvotes
..definitive source..being the T&C of the offer.. lol
https://www.hsbc.ca/content/dam/hsbc/ca ... -09-en.pdf
They took a snapshot of your total deposits (the total value in Canadian dollars of all your chequing, savings, guaranteed investment certificates (GICs) and term deposit accounts under the same Customer Account Number) COB September 10 and anything above that balance earns bonus interest during the promotion period.
- cheapshopper
- Deal Fanatic
- Jan 31, 2007
- 6371 posts
- 6733 upvotes
- Center of Canada
Did anyone heard rumor about re-branding the Jade all together?
I heard this from my RM but he don't know any details yet. All he know is there are change cooking in the background to re-brand Jade.
Hope is just name change and not changing benefit or make it harder to qualify, (e.g. make it 2Mil).
I heard this from my RM but he don't know any details yet. All he know is there are change cooking in the background to re-brand Jade.
Hope is just name change and not changing benefit or make it harder to qualify, (e.g. make it 2Mil).
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Bright side of RFD: Often find good deal
Dark side of RFD: Tons of stuff that I don't need but still got them because of RFD
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Bright side of RFD: Often find good deal
Dark side of RFD: Tons of stuff that I don't need but still got them because of RFD
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- bij0520
- Member
- Jul 30, 2016
- 228 posts
- 316 upvotes
Had a bad experience at CIBC today my story My question is, does HSBC help customers verify bank draft before they deposit? If so, I'm going to switch to HSBC now instead of end of next year.
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