Personal Finance

HSBC promo (upto $600 for new clients, requires mimimum $5,000 balance, direct deposit, credit card application/rewards)

  • Last Updated:
  • Jan 11th, 2020 4:37 pm
Sr. Member
Nov 25, 2003
716 posts
449 upvotes
BC [what me worry?]
mkl38s wrote: opened the advance account late August and deposited $5K too. Still no $300 bonus even today. has anyone else received the bonus yet?
OPs post said three months after opening account.

late Aug - late Sep.....1
late Sep - late Oct......2

You should expect to receive your bonus sometime in November.
I've been away for a while....
Banned
Mar 13, 2017
332 posts
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Anyone receive the $100 for their direct deposit bonus yet? If so, how long does it take and how many direct deposit payments are required within your first 3 months? Is 1 enough?
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Jul 25, 2018
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beatles89 wrote: Anyone receive the $100 for their direct deposit bonus yet? If so, how long does it take and how many direct deposit payments are required within your first 3 months? Is 1 enough?
Have not received it yet. Should have it by November 23rd. I've checked with customer service several times. They've told me that it takes the full 3 months. I've only had 3 payments paid from my place of work and those were in the span of two days.
I've been told I qualified.
Banned
Mar 13, 2017
332 posts
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projector wrote: Have not received it yet. Should have it by November 23rd. I've checked with customer service several times. They've told me that it takes the full 3 months. I've only had 3 payments paid from my place of work and those were in the span of two days.
I've been told I qualified.
Great. Will probably only get 2 pays in there myself so hopefully that's okay.
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Apr 23, 2008
1534 posts
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beatles89 wrote: Anyone receive the $100 for their direct deposit bonus yet? If so, how long does it take and how many direct deposit payments are required within your first 3 months? Is 1 enough?
I received "Transfer XXXXXXXX STEP Bonus" $100 in the advance chequing account right after my payroll direct deposit came in, so i think it is direct deposit bonus, not referral bonus.
Also I chatted with HSBC agent and after checking with management he said direct deposit must be kept going for a full year although he acknowleged that it was not clearly stated in the T & C. So it is a grey area, I guess one can initiate a chat and capture the chat as proof of an agent saying direct deposit not required for a full year.
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Jul 25, 2018
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STEP Bonus stands for "Share The Experience Program"
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Nov 18, 2012
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Toronto
Got the account and wait three weeks for the credit card. Could consider a good deal, just need some patient.
Simple is the best.
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Oct 24, 2009
2477 posts
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I opened up an Advance account on August 17, deposited $5000 immediately, first payroll deposited August 30. Still haven't gotten the $300 account opening bonus or the $100 direct deposit bonus.

The only thing I have got is the referral bonus from being referred, and two referral bonuses from referring people.
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Apr 23, 2008
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projector wrote: STEP Bonus stands for "Share The Experience Program"
Sorry, my bad, did not know what STEP is, so no bonus yet for direct deposit
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Jan 9, 2011
19723 posts
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cbt123 wrote: I opened up an Advance account on August 17, deposited $5000 immediately, first payroll deposited August 30. Still haven't gotten the $300 account opening bonus or the $100 direct deposit bonus.

The only thing I have got is the referral bonus from being referred, and two referral bonuses from referring people.
How long did it take you to get those referral bonuses? I made one referral and didn't get any bonuses of any kind yet.
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Jul 17, 2008
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phht wrote: I received "Transfer XXXXXXXX STEP Bonus" $100 in the advance chequing account right after my payroll direct deposit came in, so i think it is direct deposit bonus, not referral bonus.
Also I chatted with HSBC agent and after checking with management he said direct deposit must be kept going for a full year although he acknowleged that it was not clearly stated in the T & C. So it is a grey area, I guess one can initiate a chat and capture the chat as proof of an agent saying direct deposit not required for a full year.
Not in the T&C, no need. I already saved a copy of their T&C. I don't need an agent telling me otherwise.
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Oct 24, 2009
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Kiraly wrote: How long did it take you to get those referral bonuses? I made one referral and didn't get any bonuses of any kind yet.
All of them came within 3 weeks of the other party opening an account.
Deal Guru
Sep 2, 2008
12614 posts
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Still waiting here too, for the step bonus only. Can anyone confirm the credit card $100 bonus arrives as points on the credit card or as a cash deposit in the chequing account?
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Jul 25, 2018
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slowtyper wrote: Still waiting here too, for the step bonus only. Can anyone confirm the credit card $100 bonus arrives as points on the credit card or as a cash deposit in the chequing account?
It's 20,000pts on the WE MC.
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Jul 25, 2018
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slowtyper wrote: Thanks any idea how long that takes to arrive?
I think pretty fast. I wanna say after first statement or first purchase. Within a few weeks for sure. I got my $1000 spend 10,000pts as well shortly after.
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Jul 25, 2018
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Kiraly wrote: How long did it take you to get those referral bonuses? I made one referral and didn't get any bonuses of any kind yet.
23/Aug/2018 - Account opened and $5,000 deposited (referred by someone)
07/Sep/2018 - STEP Bonus' deposited. I had referred a couple people during the last week of August, and all 3 STEP Bonus' hit on this same day.

As for a bit more accurate info regarding when the HSBC WE MC pts hit my account, I don't have that info because I still haven't received my MC Statement yet >.<
Member
Aug 14, 2012
428 posts
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North Vancouver
projector wrote: It's 20,000pts on the WE MC.
It's only 20k pts on the PREMIER WE. There is no stated extra bonus for regular WE, but I did receive 5k.
slowtyper wrote: Thanks any idea how long that takes to arrive?
My extra 5k came after about 1 month with the card, about 5 days after I hit $1k spend, not sure if it's connected to either.
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Jul 25, 2018
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604reefer wrote: It's only 20k pts on the PREMIER WE. There is no stated extra bonus for regular WE, but I did receive 5k.

My extra 5k came after about 1 month with the card, about 5 days after I hit $1k spend, not sure if it's connected to either.
It depends when you applied I guess. I received 20,000 when I applied Aug 23rd. IIRC the promotion may have ended on Sep 4th. Strange though, that the fine print still mentions the Welcome Bonus.

https://www.hsbc.ca/1/2/personal/bankin ... mastercard
Member
Aug 14, 2012
428 posts
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North Vancouver
projector wrote: It depends when you applied I guess. I received 20,000 when I applied Aug 23rd. IIRC the promotion may have ended on Sep 4th. Strange though, that the fine print still mentions the Welcome Bonus.

https://www.hsbc.ca/1/2/personal/bankin ... mastercard
Ok, yes, I got the 20k + 10k promotion as well.

But, I think what slowtyper was wondering was whether the additional bonus (on top of the CC welcome bonus, list in the T&C for opening a bank account) would post, which is separate.

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