Expired Hot Deals

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

Newbie
May 26, 2013
12 posts
28 upvotes
Toronto
If you had an HSBC account prior, how long do you have to wait before you are eligible for welcome bonuses again?
Member
User avatar
Jun 18, 2004
370 posts
72 upvotes
Vancouver Island
sirdotcom wrote:
May 24th, 2019 9:48 pm
If you had an HSBC account prior, how long do you have to wait before you are eligible for welcome bonuses again?
You are not eligible once you’ve ever had an account.
Deal Addict
Oct 13, 2006
1898 posts
447 upvotes
Burnaby
peakingduck wrote:
May 23rd, 2019 3:03 pm
Looks like you need to maintain a $5K balance and keep the account open for 1.5 years? No thanks..
Its also $5k relationship balance, so you could put it in a GIC and earn interest on it, and they do have decent GIC rate promos. So it's not completely dead money like some banks require.
Deal Addict
User avatar
Sep 15, 2014
1985 posts
820 upvotes
Scarborough, ON
Signed up for this promo when it was offered last year.
HSBC is not the best for customer service, and that’s putting it politely.

That said.. you’re parking $5000 for 1 year to collect $300 (or $400) in return. That’s a pretty good rate of return for a 0 risk investment. Bonus was paid out relatively quickly in my case.. I wouldn’t worry about the 6 months in the fine print.

If anyone requires assistance with this, PM me ;)
This space for rent.
Deal Addict
Jun 28, 2017
1627 posts
993 upvotes
dadashjoun wrote:
May 25th, 2019 3:41 am
How much is the referral?
It’s in the first post, the referral is $100.
Deal Addict
Jul 21, 2005
1134 posts
195 upvotes
I got my whole family signed up with their previous chequing account offer.
Stay on top of it and you'll easily get the bonuses.
Deal Addict
User avatar
Oct 20, 2007
2895 posts
58 upvotes
Home
I also signed up for similar promo last year. The whole process was a pain to get set up. Once It was set setup, I only had to call them once to order cheques.
If you love something, set it free. If it comes back, it was, and always will be yours. If it never returns, it was never yours to begin with :|
Deal Fanatic
User avatar
Jul 17, 2008
9623 posts
2459 upvotes
Still have the accounts open from last year, waiting for the 12 months to elapse so I can close my accounts.

The $100 referral credit is nice
Deal Fanatic
User avatar
Jan 9, 2011
5944 posts
6002 upvotes
Vancouver
Messerschmitt wrote:
May 27th, 2019 1:27 am
Still have the accounts open from last year, waiting for the 12 months to elapse so I can close my accounts.

The $100 referral credit is nice
NB it's 12 months from when you receive the bonuses, not 12 months from when you opened the account. I got my bonuses 2 months after opening the account at the end of August 2018 , so I'll be waiting until early November before closing.
Member
Nov 12, 2017
391 posts
280 upvotes
Hopefully I get the bonus much sooner than later. The holding period for this account could be a maximum of 18 months!
The referral bonus is a nice icing to the cake though
Deal Addict
Jun 28, 2017
1627 posts
993 upvotes
As a chequing account it works fine. I don’t know if I’d take out a mortgage with them based on what others have said.

All the bonuses were awarded without having to follow up with them. Sign up, payroll and referral.
Newbie
Jul 26, 2017
17 posts
9 upvotes
Since I'm in the market for a mortgage, can I effectively get almost $3000 cash back if I sign up for this offer, refer my wife to sign up, and then take advantage of the $2000 cash back on a mortgages >$500k? I've looked through the fine print and couldn't find anything about not being able to take advantage of both offers.

I know that a lot of people have been saying negative things about HSBC, but the lowest mortgage rate + almost $3000 cash back is a pretty great deal.
Deal Addict
Nov 19, 2010
2006 posts
625 upvotes
burlington, on
I got approved for mortage with thos bank and 1000 cash back.
I would need open a basic account with them to pay the mortgage,can I use this promo for extra 500 dollars bonus?

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