Newest HSBC Promotions, Bonuses and Offers: June 2020

HSBC Bank offers welcome new checking customers -- with cash.

By Cynthia Bowman June 10, 2020 Find a Bank

HSBC, short for Hongkong and Shanghai Banking Corporation, traces its roots to 1865. More than 150 years later, it now boasts locations across Asia, Europe, Oceania, Africa and the Americas. Most U.S. branches are located in large cities on the East Coast and West Coast.

Like most banks, HSBC offers promotions to lure new customers, but many customers don’t pay attention. A recent GOBankingRates survey found that most respondents choose convenience over sign-up bonuses when selecting a new bank. It’s a shame when you consider they’re missing out on hundreds of dollars in free cash.

Luckily, you’re about to discover all the HSBC Bank promotions for June 2020. Here’s what you’ll find in this guide:

Checking Account Promotions
Business Checking Account Promotions
- HSBC Fusion Business Checking Welcome Deposit: $250 Bonus
Referral Promotions
- HSBC Bank Referrals: Up To $2,000 per Year
Opening an HSBC Bank Account
Are the HSBC Bank Promotions Worth a Switch?

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HSBC Bank Promotions at a Glance

HSBC Bank’s promotions vary according to the type of banking product you need. Here’s a quick rundown of the current offers:

Best HSBC Bank Promotions: June 2020
Account	Cash Value of Bonus	Expiration Date
HSBC Premier Checking Welcome Deposit	$475	June 29
HSBC Premier Checking	Up to $700	June 29
HSBC Advance Checking Welcome Deposit	$225	June 29
HSBC Advance Checking	Up to $270	June 29
HSBC Fusion Business Checking Welcome Deposit	$250	Aug. 1
HSBC Bank Referrals	Up to $2,000 per year	Aug. 1

Current HSBC Bank Promotions

This June you’ll find signup bonuses for personal and business checking accounts as well as customer referrals, though HSBC doesn’t have any savings account bonuses on tap. None of the current bonuses require an HSBC coupon.

Keep reading for more details on the June 2020 HSBC promotions.

Best Checking Account Promotions

HSBC’s checking account promotions this month include both Welcome Deposits and cash bonuses for completing qualifying activities. You can earn hundreds of dollars just for opening a new account and meeting the requirements.

Here’s what you need to know:

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HSBC Premier Checking Welcome Deposit: $475 Bonus

HSBC’s Premier Checking account charges no fees for everyday banking transactions, wire transfers or foreign transactions. There is a $50 monthly maintenance fee that can be waived by meeting certain requirements.

This month you can get a $475 welcome bonus just for opening a new account and fulfilling the criteria. Here’s how:

Cash value: $475
Minimum deposit to qualify: $0
Expiration date: June 29
How to get it: Open a new HSBC Premier checking account by June 29. Next, make monthly direct deposits totaling at least $5,000 from a third party for three straight months from the second full calendar month after opening the account.
When you’ll get it: About eight weeks after completing all qualifying activities
Terms and conditions: This offer is only available to new HSBC Premier checking customers, and all applications must be completed online.
Monthly fees: $50, but can be waived if balance requirements are met
Promotion page: HSBC Premier Checking Welcome Deposit

HSBC Premier Checking: Up To $700 Bonus

The Welcome Deposit bonus isn’t the only one available to new HSBC Premier Checking account customers. For a limited time, the bank is offering a 3% cash bonus for starting a new Premier relationship when you open a Premier account and meet the requirements.

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Here are the details:

Cash value: Up To $700
Minimum deposit to qualify: $0
Expiration date: June 29
How to get it: Open a new HSBC Premier checking account by June 29. Next, make recurring monthly direct deposits totaling at least $5,000 from a third party to your new account and earn 3% (up to $120 per month) during the first six calendar months after account opening.
When you’ll get it: Approximately eight weeks after completing the qualifying activities
Terms and conditions: This offer is only available for new HSBC Premier checking customers, and all applications must be completed online.
Monthly fees: $50, but can be waived if balance requirements are met
Promotion page: HSBC Premier Checking cash bonus offer

HSBC Advance Checking Welcome Deposit: $225 Bonus

HSBC’s Advance Checking account offers numerous perks, including access to banking professionals at any time and interactive online financial tools, simulators and calculators. You also get access to mobile and online banking, allowing you to manage your accounts 24/7.

This month, you’ll earn a $225 Welcome Deposit for opening an Advance Checking account and meeting the requirements. Here’s how:

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Cash value: $225
Minimum deposit to qualify: $0
Expiration date: June 29
How to get it: Open a new HSBC Advance checking account by June 29 and set up qualifying direct deposits into your new Advance account.
When you’ll get it: About eight weeks after completing all qualifying activities
Terms and conditions: This offer is only available for new HSBC Advance checking customers, and all applications must be completed online.
Monthly fees: $25, but can be waived if balance requirements are met
Promotion page: HSBC Advance Checking Welcome Deposit

HSBC Advance Checking: Up To $270 Bonus

Similar to the Premier Checking account, HSBC’s Advance Checking account offers an additional bonus if you meet certain requirements. Here are the details:

Cash value: Up To $270
Minimum deposit to qualify: $0
Expiration date: June 29
How to get it: Open a new HSBC Advance checking account by June 29. Next, make recurring monthly direct deposits totaling at least $500 from a third party to your new account and earn 3% (up to $50 per month) during the first six calendar months after account opening.
When you’ll get it: About eight weeks after completing all qualifying activities
Terms and conditions: This offer is only available for new HSBC Premier checking customers, and all applications must be completed online.
Monthly fees: $25, but can be waived if balance requirements are met
Promotion page: HSBC Advance Checking bonus offer

Best Business Checking Account Promotions

HSBC’s Fusion line of business checking accounts serves U.S.-based businesses that have annual sales of up to $5 million. As with its personal accounts, HSBC offers Welcome Deposit and other bonuses to business account holders.

Check out the details below:

HSBC Fusion Business Checking Welcome Deposit: $250 Bonus

For a limited time, HSBC is offering a Welcome Deposit for opening a new HSBC Fusion business checking account. Opening a business checking account with HSBC lets you manage your personal and business finances seamlessly.

Here are the bonus details:

Cash value: $250
Minimum deposit to qualify: $5,000
Expiration date: Aug. 1
How to get it: Open a new HSBC Fusion business checking account by Aug. 1 and then deposit a minimum qualifying balance of $5,000 or more within 30 days of account opening. You must also register and log on to HSBCnet within 45 days of account opening and maintain the minimum qualifying balance for 90 calendar days.
When you’ll get it: Approximately eight weeks after completing all qualifying activities
Terms and conditions: This offer is only available to U.S. HSBC branch customers.
Monthly fees: $30, but can be waived if balance requirements are met
Promotion page: HSBC Fusion business checking bonus offer

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Referral Promotions

Eligible HSBC Fusion and HSBC personal checking customers can earn big bucks by referring friends to the bank. Check out the details below:

HSBC Bank Referrals: Up To $2,000 per Year

You can earn $100 to $200 per referral — up to $2,000 per calendar year — when someone you refer opens a new qualifying checking account at HSBC Bank. Here’s more:

Cash value: Up To $2,000 per year
Minimum deposit to qualify: N/A
Expiration date: Aug. 1
How to get it: Log in to Personal Internet Banking and share your personalized referral code with friends or businesses. Tell them to use the HSBC coupon code at account opening.
When you’ll get it: You will automatically receive the bonus in your account within eight weeks of your referral’s account opening.
Terms and conditions: This offer is only available to customers with have access to Personal Internet Banking.
Monthly fees: N/A
Promotion page: HSBC Bank Referrals bonus offer

Learn More: You Only Need $1 To Earn Major Interest on Your Money With This Savings Account

Opening an HSBC Bank Account

If you’re at least 18 years old and have had U.S. residency for the past three years, you can open an account at HSBC online or by visiting a branch. You’ll need to provide the following info:

Contact information, including a U.S. residential address, phone number and email address
Social Security number
Date of birth
Employment information
Government-issued photo ID, such as a driver’s license, state ID, permanent residence green card or passport
Funds required to open an account by using cash, check, debit or credit card in person or, to transfer money from another account, the relevant routing number and bank account number

Are the HSBC Promotions Worth a Switch?

HSBC’s generous cash bonuses definitely make it a bank worth checking out — provided you live in its service area.

Not only can you earn free money for opening new accounts, but you’ll have access to a wide range of banking products, including high-yield savings accounts, personal loans, mortgages and credit cards. Banking with a full-service bank like HSBC simplifies your finances and gives you access to better rates and offers.

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Information on promotions is accurate as of June 8, 2020. Additional requirements may apply. Offers and terms are subject to change.

This content is not provided by HSBC. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by HSBC.

This article has been updated with additional reporting since its original publication.