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[HSBC] HSBC- Receive up to $700 when you start banking with us.

  • Last Updated:
  • Oct 18th, 2019 12:47 pm
Jr. Member
Dec 13, 2016
157 posts
43 upvotes
shabbydog wrote:
Aug 26th, 2019 11:07 am
What are the basic benefits of being a Premier customer? I understand you have a "relationship manager". Does that mean you can bypass the queue for the CSR's and utilize your personal relationship manager for day to day services?
you get to use their special bank section with fancy sofa and coffee, works oversea as well. I just go in and show my card and sit and grab a coffee or ask for direction
there is also a special line at the branch so you can get to the CSR quicker
and yes
you can utilize your RM for day to day stuff and RM helps you with any questions
[removed]
Last edited by Mars2012 on Aug 26th, 2019 11:51 am, edited 1 time in total.
Reason: not allowed
Jr. Member
Mar 12, 2009
179 posts
89 upvotes
Toronto
I just wanted to double check with you experts here before doing this.
By opening an advanced account, and referring my wife to open the same account
I will get
$300 for welcome bonus
$100 for being referred by someone
$100 for referring my wife to open the same account

Wife will get
$300 for welcome bonus
$100 for being referred by me

Let me know if this looks correct.
Thanks in advance

P.S. Oh and the minimum for the monthly fee to be waived is $5000 in the account correct? Going to put it in TFSA and then in to GIC for that 2.5%
Deal Fanatic
Dec 11, 2003
7810 posts
310 upvotes
It looks like keeping the money in a TFSA high rate account is the most flexible option? 1.15% unless GIC is significantly higher - I can only find a 1.45% 1 year GIC.
October 2015 for sale, PM for details!
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Deal Addict
User avatar
Aug 20, 2005
2171 posts
1283 upvotes
HSBC is more aggressive these days in the market. New leadership?
Newbie
Mar 23, 2019
73 posts
46 upvotes
BrethrenJx wrote:
Aug 26th, 2019 11:27 am
I just wanted to double check with you experts here before doing this.
By opening an advanced account, and referring my wife to open the same account
I will get
$300 for welcome bonus
$100 for being referred by someone
$100 for referring my wife to open the same account

Wife will get
$300 for welcome bonus
$100 for being referred by me

Let me know if this looks correct.
Thanks in advance

P.S. Oh and the minimum for the monthly fee to be waived is $5000 in the account correct? Going to put it in TFSA and then in to GIC for that 2.5%
There is one clause in the t&c that you need to deposit 10k into the chequing account within 1 month opening account.

What I did back in last Oct, I deposited 10k and moved the 10k into saving after 1 week, moved 5k out to other high interest bank account after 1 month. Got all the bonus with no issue.

[removed]
Last edited by Mars2012 on Aug 26th, 2019 11:55 am, edited 1 time in total.
Reason: not allowed
Newbie
Mar 23, 2019
73 posts
46 upvotes
raccoon wrote:
Aug 26th, 2019 11:46 am
HSBC is more aggressive these days in the market. New leadership?
This bonus program started before they had new leadership I assume.
Penalty Box
Jul 17, 2017
92 posts
37 upvotes
BC
BrethrenJx wrote:
Aug 26th, 2019 11:27 am
I just wanted to double check with you experts here before doing this.
By opening an advanced account, and referring my wife to open the same account
I will get
$300 for welcome bonus
$100 for being referred by someone
$100 for referring my wife to open the same account

Wife will get
$300 for welcome bonus
$100 for being referred by me

Let me know if this looks correct.
Thanks in advance

P.S. Oh and the minimum for the monthly fee to be waived is $5000 in the account correct? Going to put it in TFSA and then in to GIC for that 2.5%
Yes that all looks good. You could get more with the payroll and MC as well. You can ask about the bonus HISA introductory rate, I don't know if that promotion is still happening.
Sr. Member
Sep 16, 2010
700 posts
231 upvotes
Mississauga
Looks like the promotion is ending Sept 30. Will look into this. Thanks OP!
Sr. Member
Dec 8, 2008
965 posts
108 upvotes
Montreal, QC
Did mine last year in Montreal, easy peasy, parked my 5k and got a bunch of referral bonuses from friends
Newbie
Jul 3, 2019
53 posts
89 upvotes
dzgzpy wrote:
Aug 26th, 2019 11:50 am
There is one clause in the t&c that you need to deposit 10k into the chequing account within 1 month opening account.
Which clause says that you have to deposit $10k into the chequing account? I only see this:

HSBC Advance requires you to have an active HSBC Advance Chequing account, and maintain combined personal deposits and investments with HSBC Bank Canada and its subsidiaries of $5,000 or hold personal HSBC Bank Canada residential mortgage balances of $150,000 or greater. Some exclusions apply. A monthly fee will be charged if you do not meet at least one of the eligibility criteria above six months after account opening. For full details regarding eligibility and any fees which may apply please refer to the Personal Service Charges/Statement of DisclosurePersonal Service Charges/Statement of Disclosure This link will open in a new window available at any HSBC Bank Canada branch or online at www.hsbc.ca.
Sr. Member
Nov 3, 2009
991 posts
399 upvotes
Calgary
There are many ways to waive the fee without put the money into the account. I know few tricks by my account manager. Btw, I have a premier account.
Newbie
Mar 23, 2019
73 posts
46 upvotes
merrrily wrote:
Aug 26th, 2019 2:00 pm
Which clause says that you have to deposit $10k into the chequing account? I only see this:

HSBC Advance requires you to have an active HSBC Advance Chequing account, and maintain combined personal deposits and investments with HSBC Bank Canada and its subsidiaries of $5,000 or hold personal HSBC Bank Canada residential mortgage balances of $150,000 or greater. Some exclusions apply. A monthly fee will be charged if you do not meet at least one of the eligibility criteria above six months after account opening. For full details regarding eligibility and any fees which may apply please refer to the Personal Service Charges/Statement of DisclosurePersonal Service Charges/Statement of Disclosure This link will open in a new window available at any HSBC Bank Canada branch or online at www.hsbc.ca.
See pic below
Images
  • 366A030D-99FE-46E5-B4F6-C0D436E88A30.jpeg
Newbie
Aug 25, 2019
1 posts
1 upvote
Do you mind elaborating on some of the tricks on how to waive the $5000 requirement ?
Jr. Member
Mar 12, 2009
179 posts
89 upvotes
Toronto
dzgzpy wrote:
Aug 26th, 2019 2:11 pm
See pic below
So if that's the case, then the minimum isn't $5000, but rather $10k initially? then have to keep minimum $5k in there to get the bonus?
Jr. Member
Mar 12, 2009
179 posts
89 upvotes
Toronto
Actually, according to the pic, it looks like it's $5k unless I missed something
Images
  • Capture.PNG

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