Friday, February 5, 2021

HSBC Welcome Offer (Expired)

Expiry: Feb 28, 2021

To celebrate the Lunar New Year of the Ox, HSBC is offering up to $988 bonus to new clients who open a HSBC Chequing account by Feb 28, 2021:
  • Earn up to $300 welcome bonu when you start banking with HSBC.
  • Earn another $688 in cash back and rewards with additional offers

Up to $300 welcome bonus

To be eligible for the welcome bonus, you and any individual holding the opened HSBC Chequing Account with you must not have held, prior to the start of the offer period, an account or other product with HSBC. The welcome bonus will vary according to the opened HSBC Chequing Account: HSBC Premier Chequing Account, welcome bonus is $300; (ii) HSBC Advance Chequing Account, welcome bonus is $200 and; (iii) HSBC Student Chequing Account or Youth Savings Account, welcome bonus is $50.

The minimum deposit and the HSBC Online banking registration must be completed within 30 days of Chequing account opening. The minimum deposit required will vary according to the opened HSBC Chequing Account: (i) HSBC Premier Chequing Account, minimum deposit required is $25,000 CAD; (ii) HSBC Advance Chequing Account, minimum deposit required is $5,000 CAD and; (iii) HSBC Student Chequing Account or HSBC Youth Savings Account, the minimum deposit required is $1,000 CAD.

Extra cash & rewards of up to $688

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.

BTW, HSBC also has a Share the Experience (Referral) Program. This step is NOT a must-do.
Deal Link:

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.  There is no expire date for this HSBC Referral Program. This referral bonus is in additional to all the other HSBC welcome bonus above. So, for example, if you open a new Advance Account, then you can earn up to $988 bonus ($200 + $688 + referral bonus $100) from HSBC.

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 (, 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.

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.