HSBC Bank Promotions: Up to $4,000 with Premier Checking Offer

Many banks offer promotions when you open a new account, and HSBC Bank promotions are no exception!

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

It has branches across New York, Chicago, Seattle, Houston, Miami, Washington DC, San Francisco, and Los Angeles. They offer a wide selection of banking products and often have promotions, including welcome and referral bonuses.

Current HSBC Promotions

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

1. HSBC Premier Checking Account: up to $4,000 Bonus

Expires: March 27, 2024

New customers may earn up to $4,000 for a limited time when they open an eligible HSBC Premier checking account and complete qualifying activities.

This tiered bonus allows you to earn more bonus money the more you deposit or invest. The bonuses start at $1,500 with a $100,000 deposit and go up to $3,500 with a $500,000+ deposit. In addition, anyone can earn a $500 bonus for setting up and receiving a direct deposit of at least $5,000 a month for three months. You’ll receive the cash bonus within eight weeks after qualifying if you meet all requirements.

  • Open a new HSBC Premier checking account before the HSBC promotion expires
  • Within 20 calendar days, meet a qualifying balance of $100,000 or more of new money in deposit and/or eligible investment accounts
  • Maintain the qualifying balance for 3 full consecutive calendar months following the new account opening month


  • Free International account opening
  • No fees for Global Transfers between eligible HSBC accounts worldwide
  • Convert, hold, and send money abroad with no transfer fees with the Global Money account
  • No U.S. HSBC ATM fees worldwide

With a Premier account, you’ll have a dedicated relationship manager, preferred rates on home financing, and no foreign transaction fees when you use your debit card internationally. You’ll also have access to 24/7 global support to talk with their staff when needed.

Monthly Fees

The account’s monthly maintenance fee is $50, but you can waive it if you meet any of the following requirements by keeping a $75,000 balance in all accounts combined, receiving at least $5,000 in monthly direct deposit, and having an HSBC U.S. residential mortgage loan of at least $500,000.

2. HSBC Referral Bonuses: Up to $6,000 in Bonuses

Expires: March 31, 2024

You can earn as much as $6,000 each year in bonuses thanks to the bank’s “Share the Experience” referral program if you have a qualifying HSBC Premier Checking account.

For each successful referral to HSBC Premier, you get $300 in bonus cash, and they’ll receive up to $1,000! There is a yearly account bonus limit of $6,000, which means successfully referring 20 people.

You must use your unique referral code to get credit for your referrals. You can get it by logging into your bank portal and navigating to the ‘Share the Experience’ referral page, where you’ll find your referral code. Share the code with friends and family, or you can print the referral form for them to complete.

  • Open a qualifying HSBC Premier account in a U.S. HSBC Wealth Center, online at, or with their International Banking Center Team
  • Provide the referral code
  • Keep the account open for a minimum of 21 calendar days.

Please note that referred customers who have a current or past HSBC account in the U.S. on file are not eligible for this offer. Once you and your referral meet all of the above steps, you will receive $300 for each successful referral within eight weeks.

3. HSBC Premier Relationship Savings: 4.50% APY

If you meet specific criteria, HSBC Bank offers an APY of 4.50% on its online-only Relationship Premier Savings account, which typically pays 0.05%.

Opening the account is very easy and can be done completely online – the account is also FDIC insured, so you’re covered up to a maximum of $250,000 as permitted by law.

  • 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 and must be ‘new money.’ The funds must originate from a non-HSBC account and be  transferred to your new account.

The good news is that there is no monthly maintenance fee, and the advertised APY rate of 4.50% applies regardless of how much money you have in the account.

However, to earn the APY, you must have relationship status. This means, you must:

  • Spend at least $500 on your debit card per month on your debit card.
  • Receive at least $5,000 in direct deposits monthly.
  • Have a $500,000 U.S. residential mortgage.


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

How HSBC Bonuses Compare

HSBC isn’t the only bank that pays bonuses when you open a new account. Here are some alternatives to HSBC bank promotions.

Chase Total Checking® $300 Bonus

Chase Bank, one of the country’s largest banks, offers a $300 bonus when you open a new Chase Total Checking® account and make at least $500 in direct deposits within 90 days.

The account has a $12 monthly maintenance fee, but they will waive it with either $500 in monthly direct deposits, a $1,500 average daily balance in this account, or $5,000 average daily balance in all Chase accounts combined.

U.S. Bank Smartly® Checking Up to $400 Bonus

U.S. Bank, the country’s fifth largest bank, pays an $400 bonus if you open a U.S. Bank Smartly® checking account. You must also enroll in online or mobile banking and have direct deposits starting at $3,000 monthly (the more deposited, the higher the bonus).

The account has a monthly maintenance fees of $6.95, but they will waive it with qualifying activities.

Is An HSBC Bonus For You?

HSBC promotions are for anyone who needs the banking services HSBC offers and can meet the minimum requirements.

Before choosing HSBC and its promotions, take the time to understand if you can meet the requirements easily.

Bonuses can be very enticing; however, they are also the start of a banking relationship. It is important to pay attention to the features of the account to ensure it meets your needs.

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

Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

*Investment and annuity products are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. HSI is an affiliate of HSBC Bank USA, N.A.

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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.