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

  • Last Updated:
  • Oct 15th, 2019 4:07 pm
Newbie
Aug 25, 2019
9 posts
2 upvotes
Ridinginoffice7 wrote:
Aug 26th, 2019 2:49 pm
I opened this account last year on 27 Aug 2018, when is the right time for me to close the account and take out my funds?
I guess you should let it open till mid-September and then you should be good to go - cause sometimes they do have the clawback period of 1 year.
Member
Mar 26, 2012
227 posts
79 upvotes
forgetpwd wrote:
Aug 26th, 2019 2:40 pm
one has to keep minimum 25K in the account for holding the premier status? that's quite a bit money for most people to hold idle to get 1K return, 4%, not too high.
I have the Premier Account. Yes, u have to put 25k into the Premier chequing or savings account unil HSBC gives u the welcome bonus in 1 to 3 months. Then, you can take the 25k out, or transfer the 25k to HSBC Invest Direct to buy stocks or other securities for better returns.

Note that, the hsbc terms and conditions indicate that you have to keep the chequing account "active" for 12 months to avoid a charge back of the welcome bonus, and my hsbc relation manager told me that being active means at least one debit in the account.
Member
Oct 16, 2007
320 posts
35 upvotes
Barrie
When does this offer end?Thanks
Newbie
Mar 23, 2019
73 posts
46 upvotes
Lee C wrote:
Aug 27th, 2019 12:40 am
When does this offer end?Thanks
For Canadians joining HSBC the offer ends at end of September.

For newcomers joining HSBC I do not quite see an end date tho.
Deal Addict
User avatar
Aug 6, 2007
1717 posts
332 upvotes
Can someone with a Premier account refer someone wanting to open an Advance account? Or must you have the same account types (ie. Premier refers Premier for the $350 referral bonus, or Advance refers Advance for $100 referral bonus)?
Jr. Member
Dec 13, 2016
157 posts
43 upvotes
UNDFTDss wrote:
Aug 27th, 2019 9:00 am
Can someone with a Premier account refer someone wanting to open an Advance account? Or must you have the same account types (ie. Premier refers Premier for the $350 referral bonus, or Advance refers Advance for $100 referral bonus)?
I don't think the referrer's account type matters
only the type of account opened matters
Member
User avatar
Jun 27, 2017
374 posts
485 upvotes
GTA
Ridinginoffice7 wrote:
Aug 26th, 2019 2:49 pm
I opened this account last year on 27 Aug 2018, when is the right time for me to close the account and take out my funds?
One year after you receive the cash bonus based on the terms. So let's say:
account opened: 27 Aug 2018
cash bonus received: 27 Nov 2018
close account: Dec 2019
Sweetcute wrote:
Aug 26th, 2019 5:25 pm

which one is better?
If you qualify, the newcomer option also has a nice 12-month account fee waiver. No need to maintain minimum balance to waive fees for one year. Though the initial deposit is higher, you can take your money out soon after making the deposit.
Last edited by Bratcoin on Aug 27th, 2019 9:27 am, edited 1 time in total.
Deal Fanatic
User avatar
Jul 15, 2005
7263 posts
219 upvotes
Toronto
whatisbwana wrote:
Aug 26th, 2019 1:13 am
aren't you guys worried about the credit checks that happen when you do all these cash rewards from banks and credit cards?
A 1 time hit on credit score won't impact you much so long as your making your monthly payments on time (above minimum) consistently.
I assume your not applying for 3-5 new credit items every month too.
Deal Addict
Jan 21, 2018
1105 posts
973 upvotes
Vancouver
HSBC's current 3% bonus interest on savings (for those who signed up in the spring) comes to an end Sept. 3. We were told that HSBC will have a new bonus interest rate offer at the start of September. Has anyone heard a number yet?
Jr. Member
Dec 13, 2016
157 posts
43 upvotes
Scote64 wrote:
Aug 27th, 2019 9:44 am
HSBC's current 3% bonus interest on savings (for those who signed up in the spring) comes to an end Sept. 3. We were told that HSBC will have a new bonus interest rate offer at the start of September. Has anyone heard a number yet?
Thanks for reminding me
I guess we should move the money out to chequing then move back to saving after the promotion starts?
because I think they only count "new" money in the saving accounts for the bonus interest?
Newbie
Mar 23, 2019
73 posts
46 upvotes
Scote64 wrote:
Aug 27th, 2019 9:44 am
HSBC's current 3% bonus interest on savings (for those who signed up in the spring) comes to an end Sept. 3. We were told that HSBC will have a new bonus interest rate offer at the start of September. Has anyone heard a number yet?
See pic below
Images
  • C16D00E9-33D3-41D0-8CB7-EC5E9D7D37AE.jpeg
Member
Sep 22, 2016
292 posts
307 upvotes
Wouldn't giving out referral to someone expose your legal full name and your account number, phone number and etc?
Deal Addict
Jan 21, 2018
1105 posts
973 upvotes
Vancouver
dzgzpy wrote:
Aug 27th, 2019 10:34 am
See pic below
Thanks. Where did you see this? Is there a definition of New Money** further down the page? It seems a bit unclear as to whether money in the HRSA which is receiving the current bonus rate will continue with the new rate Sept. 4.
Jr. Member
Dec 13, 2016
157 posts
43 upvotes
LarryT778370 wrote:
Aug 27th, 2019 10:37 am
Wouldn't giving out referral to someone expose your legal full name and your account number, phone number and etc?
You (referrer) will need to fill in a form and give it to the branch. You don't have to give the referee those info, of course, HSBC may ask them when they open the account, saying,"oh, so you are referred by Larry?"
Newbie
Jul 18, 2006
38 posts
22 upvotes
Scote64 wrote:
Aug 27th, 2019 10:41 am
Thanks. Where did you see this? Is there a definition of New Money** further down the page? It seems a bit unclear as to whether money in the HRSA which is receiving the current bonus rate will continue with the new rate Sept. 4.
Should be any money earning the earlier promo bonus, plus any additional funds deposited before Sept 3.

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Last edited by xcommander on Aug 27th, 2019 10:52 am, edited 1 time in total.

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