Earn Up to $2500 with the HSBC Premier Checking Bonus

The HSBC Premier Checking Bonus is a great opportunity to earn some extra cash. You can earn up to $2500 with this bonus.

To be eligible, you'll need to meet certain requirements, which are outlined in the program details. These requirements include maintaining a minimum balance and completing certain banking tasks.

HSBC Premier Checking is a high-end checking account that offers a range of benefits, including a dedicated relationship manager and travel insurance.

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The HSBC Premier Checking Account has a monthly maintenance fee of $50, although this can be waived by maintaining a high account balance.

Wire transfer and foreign transaction fees are nonexistent with this account, making it a great option for frequent travelers.

To earn new customer bonuses, you'll need to meet certain requirements, but the rewards can be substantial.

The account balance necessary to waive the monthly maintenance fee isn't specified, so be sure to check with HSBC for more information.

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With the HSBC Premier checking account, you can handle most of your banking needs online or with the HSBC mobile app.

You'll get a ton of free features if you meet the significant minimum balance or qualifying direct deposit requirements.

HSBC Premier is an interest-bearing account, which means you'll earn interest on your balance, albeit a small 0.01% on all balances over $5.

Most checking accounts in the U.S. don't pay any interest at all, so HSBC Premier is a step up in that regard.

The HSBC Premier checking account has a $50 monthly maintenance fee if you don't meet certain minimum requirements. To avoid this fee, you'll need to maintain balances of $100,000 in combined U.S. consumer and qualifying commercial U.S. Dollar deposit and investment accounts, or have monthly recurring direct deposits totaling at least $5,000 from a third party.

If you can't meet these requirements, you'll be hit with a $50 monthly fee. But don't worry, it's not all bad news - some households may find it easy to meet these requirements with ease.

Here are the conditions that waive the monthly maintenance fee:

HSBC Premier clients enjoy a long list of banking services at no charge. This is a rare perk in the banking world.

You won't see any overdraft fees with the HSBC Premier account. I've reviewed many checking accounts, and this is a welcome relief.

Incoming and outgoing wire transfers are included at no extra charge, which is a big plus for those who need to send or receive funds quickly. This is a significant savings compared to other banks, which often charge $25 to $30 for outgoing domestic transfers and $45 to $50 for international transfers.

You also won't be hit with NSF fees, which can be a nasty surprise if you're not careful.

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Having Premier status with your bank can save you a pretty penny on foreign transactions. No foreign transaction fees mean you won't pay extra for using your debit card abroad.

Many banks charge an extra 1% to 3% for foreign transactions with a debit card, which can add up quickly. For instance, a $2,000 vacation in a foreign currency would incur fees ranging from $20 to $60.

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HSBC doesn't charge extra fees for international ATM transactions.

The average bank charges around $2 per third party withdrawal.

You can earn up to five Third Party ATM rebates per month for your domestic transactions with HSBC.

These rebates appear as a credit to your account within two statement cycles.

You get back the typical $3 or more charged by the ATM owner on top of the $2 charged by the bank.

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Monthly fees can be a significant burden for many account holders. A monthly maintenance fee of $50 is a lot to ask for, especially if you're not sure you can meet the requirements to waive it.

To avoid this fee, you'll need to meet certain minimum requirements, such as maintaining balances of $100,000 in combined U.S. consumer and qualifying commercial U.S. Dollar deposit and investment accounts, or having monthly recurring direct deposits totaling at least $5,000 from a third party.

If you're a homeowner, you may be able to qualify by having an HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000. Business owners can also use their qualifying HSBC U.S. Dollar commercial balances to qualify for a personal Premier relationship.

Here are the specific requirements to waive the monthly fee:

It's essential to carefully review these requirements and consider whether you can realistically meet them before opening an account.

The HSBC Premier checking bonus is a great opportunity, but you need to meet the requirements to earn it. The bonus amounts vary, with a maximum of $2,500, but you'll need to add new money to your account to qualify.

To earn the bonus, you'll need to open a new HSBC Premier checking account within the specified time frame, which is between January 8, 2024, and March 27, 2024, as stated in the Fine Print. Only new customers in the U.S. are eligible, so current or past HSBC account holders won't qualify.

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The deposit requirements are a bit steep, but it's worth it for the bonus. You'll need to maintain the required deposit or investment amount for three consecutive months following the account opening month. According to the Fine Print, this means you'll need to hold the required amount for three full months.

The bonus payment is credited to your account after meeting the requirements, but be aware that it's reportable for tax purposes as interest income on Form 1099-INT. This means you'll need to pay taxes on the bonus.

To give you a better idea, here are the bonus amounts and requirements:

Keep in mind that the bonus will be deposited into your account within 8 weeks from the date your account is fully qualified, as stated in the Fine Print.

To apply for an HSBC Premier Checking account, you can either visit an HSBC branch or apply online through the bank's secure website. You'll need a valid Social Security number, current U.S. residential address and phone number, and be at least 18 years old.

To open an HSBC Premier account, make sure to explicitly state that you want the Premier account with the $600 welcome offer, as the representative may try to sign you up for a lower offer.

You can consider different savings options with HSBC, such as Premier Relationship Savings, which offers a higher interest rate of 4.40% APY if you qualify for the Relationship APY, or Premier Savings Account, which earns 0.10% on balances of $25,000 - $99,999.99 and 0.15% on balances above $100,000.

Here are the different HSBC savings options:

To open an HSBC Premier Checking account, you'll need to meet one of the following requirements: a combined balance of $100,000 in qualifying accounts, monthly direct deposits of at least $5,000, or an HSBC U.S. residential mortgage loan.

This minimum balance is a significant ask, and it may be challenging for many clients to meet. However, it's one of the ways to avoid an ongoing monthly account maintenance fee.

If you're able to meet the minimum balance requirement, you'll be able to enjoy the benefits of the HSBC Premier Checking account without worrying about account fees.

Here are the three ways to meet the minimum balance requirement:

To apply for an HSBC Premier Checking account, you can do so at an HSBC branch, but it's faster and easier to apply online. This is because the online application process is more streamlined and convenient.

You'll need to meet the eligibility criteria, which includes being an adult aged 18 or older. You'll also need a valid Social Security number, current U.S. residential address, and phone number.

To apply online, you'll need the following information: a valid Social Security number, current U.S. residential address and phone number, and account information for funding your new account. You'll also need to provide a U.S. residential address for the past one year.

If you're a new U.S. resident or temporary resident, you can apply for an International Banking account from HSBC. Joint account holders are also allowed.

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Here are the basic requirements for applying online:

It's worth noting that if you have a credit freeze on your accounts at the major credit bureaus, you'll need to temporarily lift those freezes while applying. This is because your credit information is used for identity verification when approving your new account.

Savings is a crucial part of managing your finances, and HSBC offers a range of options to suit different needs.

HSBC Savings accounts come with varying interest rates and requirements, so it's essential to choose the right one for you.

The Premier Relationship Savings account is a great option for maximizing interest earnings, with a default rate of 0.05% APY that jumps to 4.40% for those who qualify for the Relationship APY.

The Premier Savings Account is a good choice if you have an HSBC Premier checking account, offering rates of 0.10% for balances between $25,000 and $99,999.99, and 0.15% for balances above $100,000.

For lower balances, you'll receive a paltry 0.01%.

If you're new to HSBC or have lower balance requirements, the Everyday Savings Account is a more accessible option with a 3-month introductory interest rate.

For those willing to lock their money away for a period of time, HSBC's Online CD offers higher savings rates, ranging from 4.00% to 4.80% APY for terms of 6 months to 2 years.

Here's a brief comparison of the main HSBC Savings accounts: