HSBC Has Limited Time Advance Customer $350 Bonus


Availability: Nationwide

Last week, a long-time DA reader alerted me to a promotion for both new and existing HSBC Advance customers.

At that time, there was nothing mentioned on the website, and after much back-and-forth with CSR, I learned that, in fact, two promotions (one for Advance customer and the other for Premier customers) would begin this week.

For the sake of relative brevity, details about the HSBC Premier bonus will appear in a separate blog post.

Begin an eligible fully funded Advance relationship with qualifying activities and earn $350.

Limited time only.

Requirements For New HSBC Advance Customers

  • Open an HSBA Advance account between September 21, 2015 and November 20, 2015, AND
  • Deposit $10K of new money by December 21, 2015, AND
  • Have an average minimum $10K balance from December 22, 2015 through March 21, 2016, AND
  • Have three qualifying Direct Deposits by March 21, 2016.

Requirements For Existing HSBC Advance Customers

  • Open an new HSBC personal savings or CD, or open a new qualifying HSBC Securities Inc. non-retirement brokerage account between September 21, 2015 and November 20, 2015, AND
  • Fund new Advance relationship with a minimum $10K of new money by December 21, 2015, AND
  • Have an average minimum $10K balance from December 22, 2015 through March 21, 2016, AND
  • Have three qualifying Direct Deposits into HSBC Advance checking account by March 21, 2016.

Complete details for HSBC Advance Existing Customer Offer can be found on the website.


  • New customer is defined as someone "who had not had nor maintained a U.S. HSBC Advance relationship on or after June 22, 2015."
  • Customers who meet all the above requirements will receive a $350 bonus in their HSBC Advance checking account approximately eight weeks after March 21, 2016.
  • HSBC Advance checking account must be open and in good standing when the $350 bonus is deposited.
  • Limit of one $350 bonus per HSBC Advance customer.

Many thanks to the DA reader who let me know about this deal.


The HSBC Advance New Customer Offer can be opened online, or at any of 248 branches located in California (35), Connecticut (3), District of Columbia (2), Delaware, Florida (17), Maryland (3), New Jersey (9), New York (167), Pennsylvania (2), Virginia (6), and Washington (4).

Existing Advance Customers can also call 866.427.2093 to take advantage of the promotion, as well as utilizing the online application and brick-and-mortar branches.

Bank Overview

HSBC has an overall health rating of "A+" on, with a Texas Ratio of 4.30% (excellent), based on June 30, 2015 data. In the past year, HSBC increased its total deposits by $9.19 Billion, an excellent annual growth rate of 7.14%. HSBC also has an excellent capitalization level of 12.9%, a result of holding $190.5 Billion in assets, with $24.58 Billion in equity. Please refer to our financial overview of HSBC for more details.

How the HSBC Advance Bonus Compares

While there are a number of variables to be considered in weighing this bonus, if you use the $10K minimum deposit as a focal point, the return on the investment is nice.

  • $10K in an HSBC Advance account for eight months = $350 bonus
  • $10K in a Savings Account earning 1.00% for eight months = $74.91
  • Other Promotions and Bonuses

    Not eligible for the HSBC Advance bonus? Check out my latest bank and credit union bonus blog posts to find other promotions. In addition, readers and I also post often on bonuses in the Bank Promotions Forum.

    paulaj   |     |   Comment #1
    I had a very bad experience with a HSBC promotion this year regarding Advance/Premier Accounts. They are enthusiastic about getting you in the door to open these accounts but terrible in paying the bonus. I have been waiting for $300 bonus for months now and the branch I made the deposit at has no clue as to what to do. Why? It appears that HSBC is set up so the branch cannot pick up the phone and call the promotion area but has to send an inquiry and hope someone responds. The customer cannot contact anyone besides the Branch to follow-up or figure out what is going on.

    Hopefully, others will not have the experience my wife and I have had. Note of warning: Keep all your reference numbers concerning the promotion and the name of the banker opening the account. Also, specifically ask him how long it will take for the payment to be made and write it down. Fortunately, I did because months later the banker gave me a blank look until I gave him dates and comments.
    gregk   |     |   Comment #3
    The bureaucratic mindlessness of HSBC is stupefying in my experience, and getting caught up in it like finding yourself some character in a Kafka novel.  Beware.
    Anonymous   |     |   Comment #8
    Hmmm a DA fan who reads Kafka...finding a good CD deal these days is more difficult than Kafka's The Trial...but at least you get 2%!
    gregk   |     |   Comment #2
    It seems to me one can finagle the bonus with a 6 month commitment of funds rather than the 8 Ken implies.  It's a worthy offer in either case, I think (at least presently), - though if you're not near a branch opening the account/s can be somewhat tedious.

    The "Premiere" bonus offer is a different story, however, - and a much more questionable call due to HSBC's miniscule savings rates.  For a 6 month commitment of $100,000 the bonus ($750) will be largely your only return (1.5%).  Not bad, I suppose, - assuming conditions stay pretty much how they are now throughout the period, - but perhaps not worth the trouble.
    Ken Tumin
    Ken Tumin   |     |   Comment #4
    The reason I chose 8 months and not 6 months is that the account must be open at the time when the bonus is paid, which is approximately 8 weeks after the 6 months.  I was going to use 6 months, but opted to be cautious with 8 months.
    Anonymous   |     |   Comment #5
    the rules per the promotion page says the account must be funded by December 21, 2015 and be there till March 21, 2016, thats only 3 months. I believe during the 8 week waiting period you can withdraw most of the money and just leave like $1.00 in account till the bonus is posted. So you are only tying up money for 3 months, and you must do the 3 direct deposits too.
    gregk (anonymous)   |     |   Comment #7
    Remember there's a $20 per month fee for not keeping an average daily balance in of $10,000 in the account,, and very likely they'll wait the 2 month period they're allowed after you meet the requirements to pay the bonus.  As I see it then, you could open the account as late as November 21, pay the $20 fee for both November & December (but where can you alternatively earn $40 on $10,000 in 30 days to cover the fees?), fund the account by December 21, and collect the bonus by May 21.  No good reason not to fund the account immediately upon opening to avoid the fees (unless you simply don't have the $$$ to do so until later).  
    gregk (anonymous)   |     |   Comment #6
    But one could open the account on November 20 (2015), meet the requirements by March 21 (2016), and be sure of the bonus by May 21 (keeping the account open until then).  Six months.

    Am I missing something?
    Anonymous   |     |   Comment #9
    the only thorn in this is getting your employer or Social secuity to fund these accounts with DD within the time framw. SSecurity takes 30 days after your current bank deposit and then only 1x per month. So that would take longer. My emplyer (state government takes 2 pay periods but I get paud 2x per month. So opening this account would take me 1 month just to change my DD to them, and then about 6 weeks to get all 3 in. So in essence the acct would have to be open before Dec 2015. But this is still a great deal.
    barrytuneup100   |     |   Comment #10
    you would have to make sure the 3 DD get in before the time frame required. I work for a state government and it takes them 30 days to change DD info. So since I get paid 2x per month, the 30 days wait and then 45-50 days to get in 3 dd =80 days. So it's good to start early.
    barrytuneup100   |     |   Comment #11
    they also have an advantage master card that gives a 150.00 bonus for spending 1500 within 90 days... easy to do. So you could get 500.00. This card is a hard pull thought
    gbtexas   |     |   Comment #12
    Possibly.  Remember that this has a limited time offering and 11/20 is quite a bit far out.  If you're a gambler, then you might want to consider this option for delaying opening the account.  As for me?  I'm not, so I intend to open and fund it pretty quickly.  Too many other things in life (for me at least) to do besides gambling.
    bbug   |     |   Comment #13
    Or you could do what I did. Open the account and initiate the direct deposits now, but fund it later. They will waive the monthly fee until the account is funded.
    BluBaroness   |     |   Comment #14
    I had HORRID experience with HSBC for another promo this year. Posted previously about it. In order to get the cookies of 1.5% Advance Savings (how pitiful that % is a deal today) one needed to have open Advance Checking 1st. I applied June 19 for checking, savings offer open until early July. They finagled application so it wasn't up & running until offer expired.
    I asked for exception & please allow opening of promo savings. Denied.
    I closed checking before usual penalty free time explaining that all during application I repeatedly stated in writing, over phone, that checking was for EXCLUSIVE purpose of funding saving promo account.
    They nicked me penalty.
    Sent certified letter protesting. no reply.
    Don't trust HSBC.
    gregk   |     |   Comment #16
    There's really no trust issue with HSBC, but to work with them you must recognize this creature as a big lumbering beast which moves very slowly and lacks all deftness and flexibility of movement.  An elephant cannot easily pick up a pin, and likewise seemingly simple procedures and tasks provoke in HSBC an awesomely unwieldy and tedious response and action process that seems insane but which the scale of its internal systems and feedback loops apparently demands to prevent the whole enormous structure from toppling or dissolving in chaos. 
    Anonymous   |     |   Comment #15
    What counts as direct deposit to HSBC? Can I push funds from Capital One 360 Savings to HSBC to count as DD? Ally savings? Others?
    gregk   |     |   Comment #17
    No.  Have you read the offer?
    Bob (anonymous)   |     |   Comment #18
    gregk every bank now says you have to do a real dd from your employer but some still count a ach as a dd anyway.
    gregk   |     |   Comment #19
    Yes, others have said the same previously here, though it's the "some" wherein lies the problem.  Who wants to set up an account and discover HSBC is not one of them?

    The outcome from any willing guinea pigs would be useful knowledge.
    Anonymous   |     |   Comment #20
    I used to be an HSBC customer.  It was a while back.  In reading some of the comments here, a few are very negative.  My own experience with HSBC was less painful, but on the whole I did not care for the bank, so I discontinued my relationship with them.

    But you know, it is funny the stuff that sticks in your mind.  At least ten years ago, but after I left HSBC, one of the branches not too far away kicked out the Boy Scouts.  The Scouts had been meeting in one of their public rooms for a long time, but the bank decided "no more".  It was at that point my views on HSBC really solidified.  Today I would not do business with HSBC regardless how large a bonus they offered.  I hope the bank fails.
    gregk   |     |   Comment #21
    Their Hong Kong based telephone reps are very much an acquired taste in my experience (that I've not acquired), - agents of the most tedious human interactions I hope I ever have to suffer through.  Orientals just seem to have a more obscure and indirect style of communication than us simple and transparent Americans, - the legacy perhaps of living in societies where saying the wrong thing can result in the direst of consequences.
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