[HSBC] HSBC Advanced Checking Account $300 for New Customers + $100 For Payroll Deposit

1. Open an HSBC advance checking account
2. Make a 5000 CAD deposit
3. Set up a payroll for an extra 100 CAD bonus
4. Money will be deposited 6 months after.

peakingduck wrote: ↑ Looks like you need to maintain a $5K balance and keep the account open for 1.5 years? No thanks..

SoroushA198 wrote: ↑ If I understand the terms and conditions correctly, the easiest steps are:

1. Open an HSBC advance checking account
2. Make a 5000 CAD deposit
3. Set up a payroll for an extra 100 CAD bonus
4. Money will be deposited 6 months after.

Does this sound right?

It also says the monthly fee is only charged after a 6 month grace period. So I'm not sure if you need to even keep the 5000 dollars in the account. Anyone has any ideas?

peakingduck wrote: ↑ Looks like you need to maintain a $5K balance and keep the account open for 1.5 years? No thanks..

mistytalon wrote: ↑ Sexy if you are gonna use HSBC anyway and it stacks with referrals. Good international bank, not much else.

Welcome Offer will be paid into your Chequing Account within six (6) months after meeting the Welcome Offer criteria...must remain open, and active for at least one (1) year after the end of the month during which the HSBC Welcome Offer is received. If you fail to meet this condition, you will be obligated to repay the full amount of the HSBC Welcome Offer to HSBC...We may withdraw the full amount of the Welcome Offer from your Chequing Account or any account you have with HSBC or send you a demand to repay the full value of the Welcome Offer to us within one (1) month.

puree wrote: ↑ Per T&C, need to remain open for one and a half year, thanks but no thanks HSBC.

scoper wrote: ↑ This is what I posted in the thread from last year which may help others looking to open an account.

PLEASE AVOID ASKING FOR REFERRALS IN THE THREAD

I decided to take advantage of this, the referral program clinched it for me. Overall the account opening experience was good, a few things that may help others:

- this promo is catching on and they are busy, suggest folks make an appointment before they show up by calling the hsbc 18883104722 # (not the branch #)
- bring 2 pieces of ID 1 of which has your address and name listed
- expect a credit check, it is required to open the chequing account even if you don't apply for the cc
- the hsbc financial institution # is 016, the account number they give you is 9 digits and the transit # 3 digits, you can just add 10xxx in front of the transit/branch # when you link the account to another bank that requires 5-digit transits
- 1 of the questions they ask is "how much $ do you intend to keep in the advance account," apparently they have a system that triggers a notification alert for unusual behaviors where you are contacted to confirm transactions they see as unusual
- if you don't have a smartphone or are unwilling to install the hsbc app you are issued a security device that looks like a tiny calculator and must be used any time you want to add a payee or send an e-transfer (which are free)
- they send you an online banking code which must be used within 24 hours to sign up for online banking. You must sign up for online banking or you won't get the $300 bonus. Paper statements are free.
- there is a 4 business day hold on deposits you make. You must deposit the $5K within 30 days of opening the chequing account.
- the bank rep can offer rates better than the bank rates posted on the hsbc site.
- referrals are verified, I walked in with the referral form filled/signed and they contacted the person who referred me to confirm. There are no limits to the # of people you can refer
- their atm cards can be used in any exchange network atm, be sure to set your pin in the temp card they give you before leaving, they mail a 2nd debit card with your name & same pin

https://forums.redflagdeals.com/hsbc-pr ... s-2218603/