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

Newbie
Jul 20, 2016
85 posts
29 upvotes
A heads up for those who are looking to churn this one: there's a claw back clause in the agreement where if you don't keep the account open for one year, they will demand repayment of the cash bonus
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Member
Nov 12, 2017
357 posts
244 upvotes
The GIC rates are surprisingly quite awful, but I guess it beats parking it for 1.5 years and making no interest. I was initially interested in referring my family members, but I won't bother. But with the 1.9% GIC and the referral, I'll make 10% on my deposit, which is pretty good
Last edited by krispy4 on Jun 8th, 2019 11:22 pm, edited 1 time in total.
Deal Fanatic
User avatar
Jul 17, 2008
9284 posts
2264 upvotes
Still locked with the last promo. Besides, it takes about 2 months to get credited if something doesn't go through automatically.
Member
Nov 12, 2017
357 posts
244 upvotes
Have people received their referral bonuses yet?
Newbie
Jan 19, 2013
27 posts
13 upvotes
SCARBOROUGH
not yet .... two months already. everytime i called hsbc... no one answer the phone ...only voice mail.. and they never call me back..
Newbie
Mar 23, 2019
44 posts
30 upvotes
krispy4 wrote:
Jun 26th, 2019 9:11 pm
Have people received their referral bonuses yet?
I got mine for referring others. I opened my account last Oct tho.
Newbie
Apr 27, 2005
41 posts
10 upvotes
Signed up last year through this promo...have to say the same as others on this thread. It’s quite a pain to deal with them both in branch and over the phone but once everything is set up, it works pretty well. Also, the perks of having international access to HSBC ATMs is useful too. I found the rate at the HSBC in Hong Kong to be almost exactly the floating rate...they do have quite a large presence overseas.
Newbie
Jul 20, 2019
4 posts
great deal, you can move your TFSA to them, still.count towards the amount required to.keep in the.account
Member
Apr 23, 2017
305 posts
174 upvotes
Anybody sign up for the chequing account under their Newcomer program? If so, does the amount deposited into the account need to be maintained for certain time or no? TIA
Jr. Member
Apr 2, 2018
145 posts
65 upvotes
yugsekwaf wrote:
Aug 13th, 2019 11:55 am
Anybody sign up for the chequing account under their Newcomer program? If so, does the amount deposited into the account need to be maintained for certain time or no? TIA
You have to keep $10000 until you get $500 bonus and then you can withdraw your money but you have to keep your account active for one year from the month you get $500 bonus.
Sr. Member
Mar 13, 2012
813 posts
389 upvotes
Near You
Great offer if you can find an existing HSBC member to refer you, which people would be more inclined to do if the referral process wasn't so stupid.
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Member
Apr 23, 2017
305 posts
174 upvotes
User772911 wrote:
Aug 13th, 2019 12:07 pm
You have to keep $10000 until you get $500 bonus and then you can withdraw your money but you have to keep your account active for one year from the month you get $500 bonus.
The T&C's are different under the "Newcomer" program, so I don't think you need to hold out until you get the bonus. It makes sense if you're opening the account under regular circumstances
Jr. Member
Apr 2, 2018
145 posts
65 upvotes
yugsekwaf wrote:
Aug 13th, 2019 2:42 pm
The T&C's are different under the "Newcomer" program, so I don't think you need to hold out until you get the bonus. It makes sense if you're opening the account under regular circumstances
I'm already signed up under Newcomer program the account manager told me that
Member
Apr 23, 2017
305 posts
174 upvotes
User772911 wrote:
Aug 13th, 2019 2:46 pm
I'm already signed up under Newcomer program the account manager told me that
Ok thanks a ton for the info!

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