Earn up to $2,500 when you open a new, eligible HSBC Premier checking account and complete qualifying activities. See all the details of this checking offer below!
For more current bank offers, see our bank bonuses page. The most popular offers are from Chase Bank, SoFi, KeyBank, and Axos Bank.
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HSBC Premier Checking Account Offer
Get $1,500 or $2,500 when you open an HSBC Premier checking account between July 1, 2024 through January 2, 2025 and complete qualifying activities.
- Get a $1,500 Cash Bonus: Add new money of $100,000 to $249,999 in deposit and/or eligible investment accounts within 20 days of opening your new checking account and maintain the qualifying balance for 3 full consecutive months.
- Get a $2,500 Cash Bonus: Add new money of $250,000+ in deposit and/or eligible investment accounts within 20 days of opening your new checking account and maintain the qualifying balance for 3 full consecutive months.
The cash bonus will be deposited into your new checking account within 8 weeks of meeting all the offer requirements.
Offer Details
Availability: Nationwide
Expiration: 01/02/25
Household Limit: None
Direct Deposit Required: No
Early Account Termination Fee: None
HSBC Premier Checking Account
The HSBC Premier checking account is HSBC’s top-tier consumer checking account, with features and benefits that include unlimited rebates on non-HSBC ATM withdrawals, global transfers, and preferred HSBC mortgage rates:
- Move money domestically and globally seamlessly and securely with our flexible money movement services
- Credit portability that allows you to live, work and travel with HSBC Premier status around the world
- Get a higher Relationship APY when you open an HSBC Premier Relationship Savings account and meet eligibility criteria
- Wealth solutions offered by HSBC Securities (USA), Inc.
Account Fees
The account comes with a $50 monthly maintenance fee that is waived for the first six months. After six months, the monthly fee can continue to be waived by:
- Maintaining a minimum balance of $100,000 in combined U.S. consumer and qualifying commercial U.S. Dollar deposit and investment accounts OR
- Making monthly recurring direct deposits totaling at least $5,000 or more per month from a third party OR
- Having any HSBC U.S. residential mortgage loan serviced by HSBC (Home Equity products, loans that are in foreclosure or bankruptcy, and loans for which servicing rights have been transferred are not included).
- Consumers who maintain Private Bank status.
My Opinion
An offer up to a $2,500 bonus is on the upper-tier of bank account bonuses, and the deposit requirements for this offer is lower than recent checking account promotions from HSBC. However, the larger deposit/investment requirement is still on the higher end and may be challenging for many people.
I personally think it’s worth your time to grab any bank bonuses that your situation allows you to. It gives you an incentive to try out a bank product you might not have otherwise. I’m definitely planning to hop on this one.
If the requirements of this offer is too high for you, check out my list of the best bank bonuses to find an easier promotion. For example, Chase is offering a $300 bonus to open an account and make a direct deposit of just $500.
Previous Promotions
The following promotions have expired, but are listed here for you to reference for informational purposes.
HSBC Premier Checking Bonus – Up to $4,000
New customers may earn up to $4,000 when they open an eligible HSBC Premier checking account from January 8, 2024 through March 27, 2024 (“Offer Period”) and complete qualifying activities.
Get started by opening a Premier checking account and earn a bonus based on the amount you deposit within the first 20 days of account opening:
- Receive a cash bonus of $1,500 when you deposit or invest $100,000 to $199,999.99
- Receive a cash bonus of $2,000 when you deposit or invest $200,000 to $299,999.99
- Receive a cash bonus of $2,500 when you deposit or invest $300,000 to 499,999.99
- Receive a cash bonus of $3,500 when you deposit or invest $500,000+
Plus, earn an extra $500 when you set up recurring monthly Direct Deposit of at least $5,000 for 3 months.
$3,500 Cash Bonus Details
Each requirement must be met in order to qualify for Cash Bonus:
- Open a new HSBC Premier checking account (“New Account”) during the Offer Period AND
- Meet a Qualifying Balance of $100,000 or more of New Money in deposit and/or eligible investment accounts within 20 calendar days of opening the New Account AND
- Maintain the required Qualifying Balance for 3 full consecutive calendar months following the New Account opening month
If all offer requirements are met, the Cash Bonus will be deposited into the New Account within 8 weeks from the date the New Account is fully qualified. Any payments may be subject to tax and will be reported to the Internal Revenue Service as required by applicable law.
$500 Extra Cash Bonus Details
To qualify for an Extra Cash Bonus of $500, new customers must:
- Meet all the requirements for the Cash Bonus AND
- During the Offer Period, begin receiving Qualifying Direct Deposits totaling at least $5,000 per calendar month into the New Account on which the New Customer is “primary”; AND
- Maintain the recurring Qualifying Direct Deposits for 3 full consecutive calendar months. The date of the first Qualifying Direct Deposit posted to the New Account starts the count of 3 full consecutive calendar months
If all offer requirements are met, the Extra Cash Bonus will be deposited into the New Account within 8 weeks from the date the New Account is fully qualified for the Extra Cash Bonus. Any payments may be subject to tax and will be reported to the Internal Revenue Service as required by applicable law.
The Bottom Line
Overall, HSBC promotions tend to be generous, but the funding requirements are also on the higher end. If you have the available funds, then this is a deal I’d consider.
HSBC’s reputation is stellar and they’re a well-known financial institution, so there’s no concerns on this perspective at all.
I’ll add this to the list of the best checking account welcome bonuses.
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.
