Tuesday, October 1, 2019

HSBC Welcome Offer (2019)

Updated on Oct 1, 2019: This offer has been extended to Nov 29, 2019.

Deal Link: https://www.hsbc.ca/chequing-accounts/offers/account-offer-g/
Expiry: Sep 30, 2019 Nov 29, 2019

HSBC is offering up to $700 bonus to new clients who open a HSBC Chequing account by Nov 29, 2019. Please see the table below for the requirements. Online banking is required.

From my point of view, I think HSBC Advance account is a good option to choose. HSBC will waive the $25 / month HSBC Advance chequing account fee when you maintain personal deposits & investments of $5,000 or more with HSBC (or, you hold a personal mortgage with an original amount of $150,000 or more with HSBC). If you want to choose Premier account, you then need to deposit $25,000 within 1 month and maintain $100,000+ or have income deposits of $6,500 within a calendar month plus confirmation of $100,000 or more in assets under management in Canada to avoid the monthly fee.

So, for the rest of my post, I will use HSBC Advance account as an example to show you how to get the HSBC welcome bonus. If you open a new HSBC Advance account and other steps before Sep 30, 2019, you can earn up to $600 bonus.

1) Open a new HSBC Advance account and High Rate Savings account at branch

2) Deposit $5000 and register HSBC online banking within 1 month ($300 cash back)

The good thing about HSBC is that you do NOT need to maintain the $5,000 in the chequing account like many other Canadian banks. You can put it in Saving account, GIC or other investment etc.

3) When you set up a recurring payroll within 3 months of opening your account, you will earn $100 cash back. This step is NOT a must-do.

4) You can earn up to $100 in rewards when you are approved for a HSBC MasterCard. This step is NOT a must-do.

5) HSBC Share the Experience (Referral) Program. This step is NOT a must-do.
Deal Link: https://www.hsbc.ca/1/2/personal/special/hsbc-step-program

There is a $100 referral bonus for both the existing client as well as the new client being referred (totally $200), when a new Advance account is opened. BTW, if the new client opens a Premier account, than both people can get $350 bonus which is quite generous.  This referral bonus is in additional to all the other welcome bonus above. BTW, there is no expire date for this HSBC Referral Program.

If you want to open a new HSBC account and cannot find a friend or family member to refer you, we can provide you this referral form. Please provide the following information to us by email (canadianrewards@gmail.com), thanks:
  • First Name and Last Name
  • Your phone number
  • Personal Banking or Business Banking?
Then we will fill out a referral form and send you the PDF version of the form (normally within one business day).

After that, the new client need to make an appointment with HSBC branch, print the form, bring it with him/her to the branch and give it to the HSBC bank rep. Two pieces of government IDs are required.

So, after all these steps, a new HSBC client (Advance account) can earn up to $600 bonus.

BTW, If anyone wants to provide his/her HSBC referral below, please use the following format ONLY: "I can provide HSBC referral form and my email is: ***@***. Thanks." Other comments will be deleted. Thanks.