HSBC Bank Promotions

New customers looking to open an HSBC account can look forward to a number of different bank promotions.

From getting a welcome deposit bonus to cash back bonuses and referral bonuses, there is no shortage of promotions.

This means that it’s more than likely that there’s something that will suit your financial needs and requirements as well.

Current HSBC Promotions

These are the promotions currently available at HSBC Bank that you can take advantage of today:

HSBC Advance Checking Account: $200 Bonus

Expires 3.31.2021

When opening a new HSBC Advance Checking Account, you get to choose the reward you want, with one of the options being a $200 welcome deposit bonus.

If this is not exciting enough for you, continue reading to learn more about the alternative $240 bonus being offered by the bank on this type of account.

  1. Open a new HSBC Advance Checking Account during the eligibility period.
  2. Make qualifying Direct Deposits worth $500 or more each month for 3 consecutive months starting from the second full calendar month of account opening.

Once you complete these requirements, it’ll take about 8 weeks to receive the $200 cash bonus.

The account needs to be opened by March 31, 2021.


As an Advance customer, you get access to a number of tools as well as support to help you stay on top of your finances.

The account includes many useful features, such as the ability to apply for a personal line of credit, optional overdraft protection,  online banking, HSBC Advance Debit Mastercard card, access to HSBC ATMs worldwide – and more.

Monthly Fee

There is also a monthly maintenance fee of $25.00, but this can be waived by meeting any of the qualifying requirement options.

To waive the monthly fee, you can either place a monthly qualifying deposit, meet the minimum combined balance requirements of $5,000, or have a qualifying U.S. residential mortgage loan.

When it comes to qualifying direct deposits, these need to originate from 3rd party accounts, which mean non-HSBC accounts, and it can include any regular payments such as salary, government benefits, or pension.


To open the account, you need to be 18 years old and be a U.S. resident for at least the past two years.

On top of U.S. residency, you need to have an SSN (Social Security Number).

To get the offer, you’ll need to open the account through the bank’s website by clicking on the Apply now button.

By taking this offer, you will not be eligible for other New Customer Deposit Offers.

HSBC Advance Checking Account: $240 Bonus

Expires 3.31.2021

If the $200 cash bonus offer didn’t quite capture your imagination, then you’re in luck as HSBC Bank USA is giving new account holders the ability to choose their bonus.

In this offer, instead of getting a straight-up cash bonus, you get a 3% cash back on qualifying deposits.

  1. Open a new HSBC Advance Checking Account during the eligibility period
  2. Make qualifying Direct Deposits for 6 consecutive calendar months

The account has to be opened by March 31, 2021.

You will get 3% back on qualifying deposits up to a maximum of $40 each month for 6 consecutive months. That’s a total of $240 over the 6 month period.

You can expect the monthly bonus to hit your bank account around 8 weeks from completing the requirements for that month.

This means that you will get a bonus every month, but 8 weeks late.

To take full advantage of this offer, you’ll need to deposit just under $1,400 each month for 6 consecutive months.

This figure is slightly more than the $500 for 3 consecutive months required by the welcome deposit offer, but you do get more in the end.

Whichever offer you choose, the account comes with a few features designed to help you control debt, manage your cash flows and credit, and build up your savings.


  • Personal internet banking
  • Mobile banking
  • Debit card
  • A maximum of 4 monthly rebates on non-HSBC ATM surcharges
  • Free checks
  • Option to apply for Select Credit

HSBC Business Checking Account: $200 Bonus

Expires 4.30.2021

If you’re looking to open a business checking account, you can get a cash bonus of some $200 thanks to HSBC Fusion.

There are 3 accounts to choose from, and each one qualifies for this bonus offer.

Whichever account you decide to open (more on this later), you’ll need to follow the exact same procedure to get the bonus money.

  1. Open an eligible HSBC Fusion business checking account
  2. Deposit at a Minimum Qualifying Balance of at least $5,000 in new money within 30 calendar days of opening the account
  3. Register an account on HSBCnet (where you’ll be able to do online banking) and log on within 45 days of account opening
  4. Maintain the minimum qualifying deposit in your account for 90 days

The account must be opened before April 30, 2021.

The Fusion account can be set up in-branch only. You can easily set up an appointment through their website or by calling them on their telephone number.

You can expect to receive the bonus within 8 weeks of completing the stated qualifying activities. The bonus offer has a number of other criteria, as defined in the promotion’s fine print.


  • Not having held any HSBC Bank USA business account between January 3, 2017, and January 3, 2021 (This requirement includes any loans and credit cards)
  • The opened account cannot be downgraded and must be in good standing by the time the bonus is paid.

All other terms and conditions are listed on the bank’s website, so be sure to refer to them if you have any doubts regarding your eligibility.

HSBC Fusion Account Options

  • HSBC Fusion First
  • HSBC Fusion Smart
  • HSBC Fusion Professional

All three accounts have different features, requirements, and pricing. This makes it important to get the right one for you.

All 3 accounts are available to businesses based in the U.S. and have annual sales not exceeding the $5 million mark.

To help you choose the Fusion account that best serves your business, we will be looking at each account individually.

HSBC Fusion First

The HSBC Fusion First account is best suited for small businesses that are still growing and have low financial activity.

The account offers 200 free transactions each statement cycle. Once these are used up, each one costs $0.50.

Incoming wire transfers cost $15 each while outgoing transfers vary between $15 if done using HSBC net or $30 if done at a branch.

The account comes with a $30 monthly maintenance fee. This can be waived if you meet the minimum balance requirements of $5,000 or more in qualifying accounts.

HSBC Fusion Smart

The HSBC Fusion Smart account is designed for business owners who also have a personal banking relationship with the bank.

You get 400 free transactions per month with any transactions over and above this incurring a $0.50 charge each one.

Incoming wire transfers are priced at $15. Outgoing wire transfers, on the other hand, will set you back $15 when done using an HSBC net or $30 when completed in one of the bank’s branches.

The account has a maintenance fee of $30. This is due every month. To waive the fee, you will need to maintain a minimum balance of $25,000 across qualifying business and personal accounts.

HSBC Fusion Professional

The HSBC Fusion Professional account represents the highest-tier Fusion account and is designed for businesses that have higher transaction activities and more complex cash management requirements.

The account offers 500 fee-free transactions per month. Any transactions over and above this will incur a $.50 charge.

All incoming and outgoing wire transfers are free. You also get a free single-feed remote deposit capture machine with free monthly service.

The account has a monthly fee of $50. This can be waived by maintaining an HSBC U.S. dollar balance of $75,000 or more across qualifying business and personal accounts.

HSBC Premier Checking Account: $450 Bonus

Expires 3.31.2021

An HSBC Premier Checking account provides account holders with access to the bank’s most preferred products and services.

For a limited time, you can also get a welcome deposit cash bonus when opening a new account, or you can opt to receive cashback on deposits with the potential to earn an extra $150.

Do bear in mind that there’s a limit of one Welcome Deposit per customer, including all individual and joint accounts.

  1. Open a new HSBC Premier
  2. Make qualifying direct deposits of at least $5,000 every month for 3 consecutive months starting on the second full calendar month from the account opening

Once you complete these qualifying activities, you can expect the checking bonus to hit your account within 8 weeks.


  • Access to international HSBC ATMs (mostly fee-free)
  • Home financing with ARM (Adjustable Rate Mortgages)
  • International Banking Services across the world
  • Global-View Global Transfers
  • Professional support
  • HSBC Premier Relationship

Monthly Fees

The account’s monthly maintenance fee is set at $50, but this will be waived if you meet any of the following requirements;

  • Keep a minimum balance of $75,000 in combined U.S. Dollar personal deposit accounts and investment balances.
  • Deposit $5,000 every month through qualifying recurring direct deposits
  • Have any HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000

If $450 doesn’t excite you enough, check out the next promotion to see how you can get a $600 cash bonus when opening a Premier Checking Account.

HSBC Premier Checking Account: $600 Bonus

Expires 3.31.2021

Just like the promotion being offered on the new HSBC Advance Checking Account, here you can also choose to opt for a cash back offer with the possibility of getting $600 in cash bonuses.

  • Open a new HSBC Premier Checking Account
  • Set up Qualifying Direct Deposits for 6 consecutive months
  • Earn 3% cash back on your deposits up to a maximum of $100 every month

The account must be opened by March 31, 2021.

You will receive each month’s bonus within 8 weeks of completion of the qualifying activities. The six calendar months during which this offer is valid to start on the first full month after the account opening date.


The offer is only open to online applications, where you must click the Apply online red button as available on the bank’s website.

During the application process, you will need to provide some information about you for verification purposes.

To make the process smoother, you might want to have it at hand. The required information includes the following:

  • SSN (Social Security Number)
  • Driver’s license, passport, Permanent Resident Card, or Green Card
  • Account details to fund your new checking account

You also need to be at least 18 years of age and have a residential address in the U.S. All other terms and conditions related to this offer and account can be found directly on the bank’s website.

Monthly Fees

The maintenance fee for your new HSBC Premier account is set at $50 per month. To waive the fee, you will need to meet any of the requirements.

These include either keeping a minimum balance of $75,000 or more, depositing $5,000 each month, or having a qualifying HSBC residential loan.

HSBC Referral Bonuses: Up to $2,000 Bonus

You can earn as much as $2,000 each year in bonuses thanks to the bank’s referral program.

For each successful referral, you get $100 in bonus cash. There is a yearly account bonus limit of $2,000.

This means that you will need to successfully refer 20 people to get the full amount.

For the bank to be able to track who you’re referring to, you need to use what is known as a referral code.

This code is unique to you and can

easily be obtained by logging in your internet banking account and following the below procedure.

How To Get Your Referral Code

  • Log in to your Personal Internet Banking
  • Go to the Share the Experience referral page to find your referral code.
  • Share the code with friends and family or print the referral form.

Once you’ve completed this, it is up to the person who you’re referring to complete the process for you to get the bonus money.

The account cannot be opened online, meaning that the referral must either call the bank or visit a branch.

What Your Referral Must Do

  • Open a qualifying account over the phone or in-person at an HSBC branch.
  • Provide the referral code
  • Keep the account open for a minimum of 15 business days.

Once all of the above steps have been completed, you will receive $100 for each successful referral.

To qualify, you need to hold a qualifying HSBC account. This can be one or more from the following list of accounts.

Eligible Account Holders

  • HSBC Premier
  • HSBC Advance
  • HSBC Choice
  • HSBC Fusion

The good news is that your referral friend will also get a bonus for opening a new bank account.

This makes it a perfect incentive for them to open a new HSBC account.

The bonus they earn varies between $100 and $600 depending on the type of account they open.

Bonus Amounts Per Account Type

  • HSBC Choice Checking Account: $100
  • HSBC Advance Checking Account: $250
  • HSBC Fusion Checking Account: $300
  • HSBC Premier Checking Account $600

Like all other bonus promotions, a number of qualification criteria apply. All rules and requirements for this offer can be found on the bank’s webpage, including any deposit requirements for the different types of accounts.

HSBC Direct Savings: 0.15% APY

HSBC Bank is offering an APY of 0.15% on its online-only savings account. Opening the account is very easy and can be done completely online.

  • Be 18 years or older
  • Have an SSN (Social Security Number)
  • Have a current residential address in the U.S.
  • Have a residential U.S. address for the past 2 years
  • Have a valid U.S. identification document
  • Have account information to fund your new account

The minimum balance to open this type of savings account is $1.00. Any opening funds must be sourced from new money.

This means that the funds must originate from a non-HSBC account and then transferred to your new account.

The good news here is that there is no monthly maintenance fee, and the advertised APY rate of 0.50% applies regardless of how much money you have in the account.


  • Mobile banking
  • Mobile check deposit
  • Online transfers
  • eStatements

The account is also FDIC insured, so you’re covered up to a maximum of $250,000 as permitted by law.

About HSBC Bank

HSBC (HSBC Bank USA, N.A. Member FDIC) is an international bank that has been in operation since 1866.

It is the world’s sixth-largest bank with assets worth over $2,715 billion.

In the U.S. alone, the bank has over 200 branches and employs some 43,000 people! HSBC’s headquarters are in New York City.

HSBC is also a credit card issuer, and it offers many financial products and services.

These include personal deposit accounts, checking accounts for both personal and business use, investments, loans, and many others.


What are bank bonuses?

Bank bonuses, such as the bonuses on offer by HSBC Bank, are there to help the bank attract new customers.

As a customer, you get rewarded for your loyalty in choosing that particular bank for your financial needs.

Bonuses and other bank promotions come in all shapes and sizes.

While this might make it difficult to compare one bonus with another, it also means that regardless of your financial situation and requirements, you’re more likely to find a bonus that works for you.

This is why its important to understand what you are looking to achieve with your new account, what kind of commitments you can make, and then take the bonus that best suits you.

Is HSBC the only bank with promotions?

HSBC is not the only bank that offers promotions; in fact, we have covered promotions from many other banks.

Regardless of the bank promotion you decide to go for in the end, it’s important to keep a few things in mind.

Bonuses and promotions on all sorts of products and services such as deposit products, checking accounts, and credit cards have fulfillment criteria and conditions that need to be met.

These conditions and criteria can include anything from making transfers of a certain amount within a stipulated timeframe to making sure that your account is in good standing.

We cover many of these conditions, but it is most advisable to go through the bank’s terms and conditions to avoid disappointment down the road.

Are HSBC Bank bonuses taxable?

It is important to note that most bonuses are taxable. In fact, HSBC Bank will report bonuses on the relevant IRS form.

Understand the amount of taxes that you’ll need to pay and deduct that from the amount to see if the bonus is still as enticing and as helpful as you thought it was.

Is An HSBC Bonus For You?

Yep, these HSBC Bank USA bonuses and promotions can see you earn extra cash.

But whether you choose the welcome deposit bonus, cash back bonus, or anything else, it’s important to make sure you take the time to understand the terms and conditions of these promotions.

For example, HSBC fine print states that if you “held any HSBC consumer deposit or investment account January 3, 2017, through and including January 3, 2021″, you are not eligible for this offer.

Actually taking the time to read the fine print can help you make sure that the experience remains positive and financially beneficial.

Most bonuses are given following qualifying activities. This means that you need to complete a number of activities before the bonus is truly yours. Because of this, it pays to understand what these qualifying activities are.

As an example, some bonuses require you to transfer funds to your new account and keep them there for a period of time.

In this case, it is very important that you take the time to understand if these balance requirements are going to put a strain on your finances. The same goes for the rest of the activities.

Bonuses can be very enticing; however, they are also the start of a banking relationship. As such, it is important to pay attention to the features of the account you’re signing up for.

These features can include things such as the interest rate, FDIC insurance, applicable charges, and any other features that can help make sure that your experience remains a positive one long after the bonus is gone.

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  • Comment Author image blank
    HSBC bank bonuses are a complete fraud. If you attempt it, make sure to videotape yourself completing the application. They are going to deny you the bank bonus, and you won't have any evidence, otherwise. Take lots of screenshots and save each page of the application, too.