Get $500 Welcome Deposit with HSBC Premier Checking Account

HSBC has a checking account bonus that can earn you $500. This offer is available nationwide and online so almost anyone can take advantage of this opportunity. Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. Let’s see how this HSBC checking account bonus works.

Update: This offer is available again, but only for new customers who don’t or never had an HSBC account. See offer here.

Offer

Receive a $500 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete the following qualifying activities:

Open your new HSBC Premier checking account online, using this offer page, by February 15, 2023.
Make recurring Qualifying Direct Deposits totaling at least $10,000 per month from a third party to your HSBC Premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening.

You will automatically receive the $500 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It’s that simple.

Account Features

Global Banking

Free International account opening and portable credit history
Access your global HSBC accounts from one place with Global View
No fees for Global Transfers between eligible HSBC accounts worldwide
Covert, hold and send money abroad with no transfer fees with our Global Money account
No HSBC fees on everyday banking transactions such as:
- No HSBC incoming or outgoing wire transfer fees
- No foreign transaction fees using your Premier debit or credit card
- No U.S. HSBC ATM fees worldwide

Eligibility

The bonus is available nationwide and accounts can be opened online.
Customers who have a current or past HSBC account in the U.S. on file are not eligible for this offer.
Limit one Welcome Deposit per customer, including all individual and joint accounts, the first line name on the joint account is considered the customer for gift purposes.
You must be 18 years of age and have a Social Security Number
Must have a U.S. mobile number
Must have a current U.S. residential address and a U.S. residential address for the past one year

HSCB Premier Checking Fees

Premier Checking – A monthly maintenance fee of $50 will be incurred, unless you fulfill one of the following requirements:

$75,000 in combined personal deposit and investment balances OR
Recurring direct deposits totaling at least $5,000, OR
HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000, not an aggregate of multiple mortgages. Home Equity products are not included.

HSBC Checking Account Bonus: Guru’s Wrap-Up

This is a differently structured offer, from what we have seen in the past from HSBC. To get the $500 bonus, you need to open a new HSBC Premier checking account and complete at least three direct deposits. You must have direct deposits totaling at least $10,000 per month, for 3 consecutive calendar months from the second full calendar month after account opening. The $10K direct deposit also waives the monthly fee.

A similar offer for $450 just ended. It required direct deposits totaling $5,000 per month, for 3 consecutive calendar months.

If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here. Bank bonuses are a great way to generate some extra income, so it is worth looking into them. You can can definitely bring a few thousands of dollars annually, and most requirements can be easily completed from home.