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Last edited by vimal1 on Feb 10th, 2020 7:43 am, edited 3 times in total.
- vimal1 [OP]
- Newbie
- Feb 8, 2020
- 4 posts
18 replies
- backshottaxi
- Newbie
- Sep 8, 2019
- 33 posts
- 37 upvotes
Nice. So It’s possible to open the acct, put $10k, get $500, then take the $10k out. Wait 3 months after receiving $500, then close acct?
- Ridinginoffice7
- Deal Addict
- Oct 18, 2018
- 1109 posts
- 516 upvotes
I got this promotion in the year 2018-19.. it's been 5 months now I closed my account...can I be eligible for it for the second time?
- rendered22
- Member
-
- Jan 13, 2017
- 337 posts
- 228 upvotes
- Toronto
That's nice for new immigrants... But what about the Canadians who've been born and raised here all their life (working hard, paying Canadian taxes all their lives)? Where's their new account bonus incentive? Huh?
FTS. I can't and will never support a bank who discriminates against who gets their new account incentive offers, and who doesn't. Screw that. It should be open to every Canadian, or no one at all. Really shows where this bank's priorities are in Canada.
Cold Deal IMO.
FTS. I can't and will never support a bank who discriminates against who gets their new account incentive offers, and who doesn't. Screw that. It should be open to every Canadian, or no one at all. Really shows where this bank's priorities are in Canada.
Cold Deal IMO.
- Sgtalpowell
- Sr. Member
- Dec 28, 2019
- 756 posts
- 489 upvotes
Target Marketing and Market Segmentationrendered22 wrote: ↑ That's nice for new immigrants... But what about the Canadians who've been born and raised here all their life (working hard, paying Canadian taxes all their lives)? Where's their new account bonus incentive? Huh?
FTS. I can't and will never support a bank who discriminates against who gets their new account incentive offers, and who doesn't. Screw that. It should be open to every Canadian, or no one at all. Really shows where this bank's priorities are in Canada.
This is a private business (HSBC Holdings plc is a British multinational investment bank and financial services holding company. It was the 7th largest bank in the world by 2018, and the largest in Europe, with total assets of US$2.558 trillion.), not YOUR LOCAL GOVERNMENT.
How come kids and elders pay Concession fare to take public transit, when you pay Adult fare?
Last edited by Sgtalpowell on Feb 10th, 2020 1:49 am, edited 2 times in total.
- rendered22
- Member
-
- Jan 13, 2017
- 337 posts
- 228 upvotes
- Toronto
Because one is on a fixed income (paid Canadian income taxes many many years and now on pensions) and the other has no income at all yet. Sounds fair to me.Sgtalpowell wrote: ↑ Target Marketing and Market Segmentation
How come kids and elders pay Concession fare to take public transit, when you pay Adult fare?
and I'm not going to argue with you or anyone, but it just sounds like discriminatory BS marketing to pick newcomers only, for their banking bonus.
- Sgtalpowell
- Sr. Member
- Dec 28, 2019
- 756 posts
- 489 upvotes
If that's true, adults with low income would pay less fare or no fare.rendered22 wrote: ↑ Because one is on a fixed income (paid Canadian income taxes many many years and now on pensions) and the other has no income at all yet. Sounds fair to me.
It is not discriminatory, when new customers' group get better deals than existing customers ALL THE TIME in USA and Canada.
- Brewmeanie
- Deal Addict
- Apr 15, 2009
- 4635 posts
- 2418 upvotes
- M-Arkham
Do you know how many companies offer promos for all provinces and territories in Canada except for Quebec? Guess they don't have your business too, since they're discriminating against Quebecer Canadians.rendered22 wrote: ↑ That's nice for new immigrants... But what about the Canadians who've been born and raised here all their life (working hard, paying Canadian taxes all their lives)? Where's their new account bonus incentive? Huh?
FTS. I can't and will never support a bank who discriminates against who gets their new account incentive offers, and who doesn't. Screw that. It should be open to every Canadian, or no one at all. Really shows where this bank's priorities are in Canada.
Cold Deal IMO.
EDIT: btw, if you're gonna hate on HSBC, you might as well hate on CIBC/RBC as well, cuz from what I remember, both of them had some crazy mortgage packages for new Canadian perma resident at one point or another, with much better rate then current existing Canadians resident/citizens.
2x Zoomer $36 for 4GB and unlimited Can wide txt/talk
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1x Fido $40 for 5GB w/ unlimited Can Wide txt/talk small plan
- Messerschmitt
- Deal Guru
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- Jul 17, 2008
- 10061 posts
- 2698 upvotes
How do they check anyway? Permanent residency cards have the date? What if they expired and they renew it, so it's more than 5 years?
- Ridinginoffice7
- Deal Addict
- Oct 18, 2018
- 1109 posts
- 516 upvotes
They will see landing papersMesserschmitt wrote: ↑ How do they check anyway? Permanent residency cards have the date? What if they expired and they renew it, so it's more than 5 years?
- shamans
- Deal Addict
- Nov 11, 2008
- 1231 posts
- 571 upvotes
- Vancouver
Part of what makes hsbc attractive is that their services are international. So targeting people who cross national boundaries makes sense. You're only seeing the local picture but there's more beyond that. They also tend to target wealthy people.rendered22 wrote: ↑ Because one is on a fixed income (paid Canadian income taxes many many years and now on pensions) and the other has no income at all yet. Sounds fair to me.
and I'm not going to argue with you or anyone, but it just sounds like discriminatory BS marketing to pick newcomers only, for their banking bonus.
- demon1102
- Sr. Member
-
- Jul 5, 2013
- 946 posts
- 1427 upvotes
- Saint John
Clawback
(i) The Joining Bonus Reward Offer is subject to the condition that the Eligible Account must remain open and in
good standing for at least one (1) calendar year after the end of the month during which the Joining Bonus Reward
Offer is received. If you fail to meet this condition, you will be obligated to repay the full amount of the Joining
Bonus Reward Offer to HSBC.
(ii) If you fail to meet the condition above, after the Joining Bonus Reward Offer is paid, we may withdraw the full
amount of the Joining Bonus Reward Offer from your Eligible Account or any account you have with HSBC or
send you a demand to repay the full value of the Joining Bonus Reward Offer to us within one (1) month
(i) The Joining Bonus Reward Offer is subject to the condition that the Eligible Account must remain open and in
good standing for at least one (1) calendar year after the end of the month during which the Joining Bonus Reward
Offer is received. If you fail to meet this condition, you will be obligated to repay the full amount of the Joining
Bonus Reward Offer to HSBC.
(ii) If you fail to meet the condition above, after the Joining Bonus Reward Offer is paid, we may withdraw the full
amount of the Joining Bonus Reward Offer from your Eligible Account or any account you have with HSBC or
send you a demand to repay the full value of the Joining Bonus Reward Offer to us within one (1) month
- L4cky
- Deal Fanatic
-
- Nov 18, 2008
- 7080 posts
- 1431 upvotes
- Mont-Royal
hsbc seems like an underperforming bank in canada
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- vimal1 [OP]
- Newbie
- Feb 8, 2020
- 4 posts
No. There is 5k min balance ( min is $0 for 1st 12 months ) but you need to wait 1 year after bonus so that makes min account length as 15 months. Terms aren't clear about maintenance of 10k over 3 months.backshottaxi wrote: ↑ Nice. So It’s possible to open the acct, put $10k, get $500, then take the $10k out. Wait 3 months after receiving $500, then close acct?
- samli123
- Newbie
- Aug 15, 2019
- 18 posts
- 26 upvotes
Kind of confused. Does it mean the $10,000 dollars have to stay in the account for just 3 months and the account itself has to be remain open for 1 year?
demon1102 wrote: ↑ Clawback
(i) The Joining Bonus Reward Offer is subject to the condition that the Eligible Account must remain open and in
good standing for at least one (1) calendar year after the end of the month during which the Joining Bonus Reward
Offer is received. If you fail to meet this condition, you will be obligated to repay the full amount of the Joining
Bonus Reward Offer to HSBC.
(ii) If you fail to meet the condition above, after the Joining Bonus Reward Offer is paid, we may withdraw the full
amount of the Joining Bonus Reward Offer from your Eligible Account or any account you have with HSBC or
send you a demand to repay the full value of the Joining Bonus Reward Offer to us within one (1) month