Earn $350 When Opening New HSBC Advance Checking Account


Deal Summary: $350 bonus when opening a new HSBC Advance Checking account, $10k minimum of new money, available through November 20, 2017.

Availability: Nationwide

For the past few years, HSBC has been regularly offering checking account bonuses. Now through November 20, 2017, there are three separate bonuses available ($200, $350, and $700), with the $350 checking bonus on new HSBC Advance checking accounts probably having the best return on the investment.

Earning the $350 Bonus

When I wrote about the $350 bonus about a year ago, the requirements included Direct Deposits (aggregate of $3k) or two monthly bill payments, both for three consecutive months. This time around, there are no activities associated with the bonus.

Open your new HSBC Advance checking account online by November 20, 2017; and

Deposit a minimum Qualifying Balance of $10,000 or more in New Money in combined checking and savings accounts within 30 calendar days of account opening; and

Maintain at least the minimum Qualifying Balance for 90 calendar days from the date you deposited the minimum Qualifying Balance.

The $350 bonus will be deposited in the new HBSC checking account approximately eight weeks following completion of the above requirements.


  • Customers who "held any HSBC personal account between October 1, 2016 and October 1, 2017 are not eligible for this offer."
  • Checking account must be open and in good standing when the $350 bonus is deposited.
  • Limit of one $350 bonus per customer.
  • Offer cannot be combined with any other deposit account opening offers


There are potential fees associated with the HSBC Advance checking account including,

  • $25 month fee if a $10k monthly minimum balance is not maintained.
  • $25 early closing fee if the account is closed within 180 days of opening.

In addition to these fees, if the balance should fall below $10k within 90 days of being deposited, the bonus will not be paid. If the account is closed before the $350 is awarded, the bonus will be null and void.

Other Bonuses

HSBC is also offering a $200 bonus when opening a new Choice Checking account and a $750 bonus when opening a Premier Checking account. The end-date for both is November 20, 2017, and both require a minimum deposit of new money that must be maintained for 90 calendar days.

  • $200 bonus – minimum $1.5k deposit
  • $750 bonus – minimum $100k deposit

Complete details about the three checking accounts are available on the Bank’s website.


Although previous bonuses were available in-branch, applying for the $350 HSBC checking bonus must be done online.

This offer is available only online for applications
completed using the Apply Online button on this webpage.

Bank Overview

HSBC has an overall health rating of "B+" on DepositAccounts.com, with a Texas Ratio of 5.55% (excellent), based on June 30, 2017 data. HSBC has an excellent capitalization level of 12.97%, a result of holding $191.93 billion in assets, with $24.89 billion in equity. Please refer to our financial overview of HSBC (FDIC Certificate # 57890) for more details.

How the $350 Checking Bonus Compares

This comparison assumes an Advance Checking account is 1) opened with the required $10k minimum deposit, 2) the $10k is left on deposit for the required 90 days, and 3) the account is open and in good standing when the bonus is awarded approximately eight weeks later. The total time frame would probably be about six months.

  • $10k in an Advance Checking account for six months = $350 bonus
  • $10k in a Savings Account* earning 1.50% for six months = $75 interest

*1.50% is currently the best nationally available savings account rate.

Other Promotions and Bonuses

Not eligible for the HSBC $350 checking bonus? Check out my latest bank and credit union bonus blog posts to find other promotions. In addition, DepositAccounts.com readers and I also post often on bonuses in the Bank Promotions Forum.

Related Pages: New York banks, Philadelphia banks, Washington banks, Miami banks, Los Angeles banks, San Francisco Bay banks, Seattle banks, nationwide deals, bank bonuses, Internet banks

Previous Comments
Never again
  |     |   Comment #1
I opened a premier this year for $750. Not at all worth it unless you like unnecessary suffering. Would not do again even for another $750.
  |     |   Comment #2
What made it so bad? Check out the Discover Savinggs bonuses that are still available until tomorrow 10/31, $200 for a $20k deposit, bonus is paid in about 10 days.
  |     |   Comment #3
Where are you seeing this promotion? Is it possibly targeted as there is no mention of it on their website?
  |     |   Comment #5

This can also be done with their AAA and their AAII accounts.
  |     |   Comment #6
Unfortunately I don't qualify as I tried to take advantage of the AAA bonus a few months ago but omitted the promo code and was denied so I closed the account for one with higher interest.
  |     |   Comment #7
You can try the regular Discover account (just use the bonus code) or the AAII account, no membership required. Doctor of Credit has good information on these offers.
Never again
  |     |   Comment #13
I actually took notes it was becoming so ridiculous. There agent support on the phone was weird, incorrect info, dropped calls 4x. Mind you this was so-called premier. The only thing that was good was the person they assigned (9-5). One time someone picked up but never answered I could hear background call center noise for over 5 minutes. Website then was pretty lame.
  |     |   Comment #4
7% yield for tying  $10K up for 6 months is indeed a good deal! 
  |     |   Comment #8
look out this is the worst bank in the world
  |     |   Comment #9
One "Gotcha" I ran into last year was that I had an open (though many-months unused) HSBC credit card -- which, to them, constituted a "personal account" that disqualified me for a similar offer

I did close the card (or thought I did) after that fiasco -- in preparation for the potential of reaping future rewards from HSBC -- but given other hassles I've had with them in the past, on second thought, I would not be inclined to tie up any more money with HSBC and their antiquated, obstinate infrastructure [both technology & personnel]
  |     |   Comment #11
NYCD, you make it sound as if you and not they should set the conditions for handing you $350, including at least being consulted over major "infrastructure" decisions. Yeah, what a fiasco they didn't please you in those respects.
  |     |   Comment #10
Set up and deposited the 10K online with not too much hassle. Application went into review because of my credit alert( thank you Equifax!) but I received a call today from their fraud division and was informed that I have been approved. Liked that I could get instant linkage to the funding bank account without having to deal with the micro deposits. Since I am treating this as a 6 mo CD equivalent I doubt that I will have much contact with the bank other than withdrawing the $10350 by ACH pull after the bonus is credited.
  |     |   Comment #12
Looks like a good return for 10k but checked out their rates and most are well below market so not sure if they are going to be able to hold much of the "hot" money unless they raise rates substantially.
  |     |   Comment #14
I am having a problem seeing the Apply on Line Button which is supposed to be on this webpage.
Could someone please tell me where it is located.
deplorable 1
  |     |   Comment #15
These are the type of bonuses that I look for with no direct deposit or debit card hoops. Is it just me or is the $200 bonus for tying up only $1,500 for 90 days a much much better deal? The APY would be 13.33% but the 90 day rate would be 4 x that a whopping 53.32%! The other bonuses tie up more money for less of a return. I think people just look at the bonus amount and forget the opportunity cost.
  |     |   Comment #16
I couldn't agree more. In addition, if there are hassles as suggested by some, Its better to tie up only $1,500 than $10,000.
deplorable 1
  |     |   Comment #17
Exactly! I think I'm going to do this for me and the wife for a quick $400. I didn't see anything in the fine print about how long the account needs to remain open other than 90 days in good standing but maybe I missed something. I usually plan on keeping the accounts open for 6 months for bank bonuses(just to be on the safe side) as some banks will take the bonus back if you close your account right away.
  |     |   Comment #19
Read the requirements more carefully! You must keep the account open at least 5 months in order to receive the bonus. (8 weeks beyond the minimum qualifications)
  |     |   Comment #21
HSBC's disclosure states if your account is closed within 180 days of opening, you'd pay a $25 fee. At least it says this on their Advance checking acc.
deplorable 1
  |     |   Comment #26
Yep looks like the typical 6 months deal. So that would be a 26.66% yield on $1,500 for 6 months for the $200 promotion. Still can't beat that in the stock market. The larger $350 bonus is only a 7% yield on $10,000. You can easily see the better deal. Not to mention $10,000 x 1.5%(savings) = $75 in lost interest so the $350 is really only $275 at best.
  |     |   Comment #18
HSBC's system is stupid. I wanted to confirm if the bonus was applied to my application and this is what the agent had to say via their chat:

I would be unable to confirm if the bonus is applied to the account, you would have to wait until the time frame for the activities is over and then the following 8 weeks to see if the bonus arrives into the account.
  |     |   Comment #20
They state clearly that you must use the 'Bonus" portal in order to obtain this promotion.
  |     |   Comment #22
Yes of course you use the "Bonus" portal. That's the easy part.

But I wanted to confirm the offer since I ran into problems with Citi Bank's $400 checking offer awhile back. Citi had to open a case and it took about 3 additional months after completing Citi's requirements to get the bonus.

I don't want to run into the same problems with HSBC so just trying to cover my bases.
  |     |   Comment #23
How do you find the "Bonus" portal?
  |     |   Comment #24
I have scoured the HSBC website for the Advance Checking $350 bonus and can't find it anywhere. Does anyone know what is the status of this promotion, and if it still exists where it can be found on their website?
  |     |   Comment #25
Ken has provided the link in his post above.
secret shopper
  |     |   Comment #27
According to the bank you are not eligible if you hold an HSBC credit card - even of you have no deposit accounts.
  |     |   Comment #28
In my experience HSBC typically pays their bonuses quite soon (within a week) after requirements have been met (3 moths deposit in this case) though they always allow for a longer period in the agreement.
  |     |   Comment #29
gregk 28----wow woohoo who knew?
  |     |   Comment #30
Called HSBC and told rep I'd received a bonus payment last year on a similar offer and so wouldn't qualify for this one, but asked if my wife were the primary owner on a new account with me secondary would she qualify for the bonus, and was unequivocally told "yes". Immediately called back and spoke to a different rep regarding the same scenario and was just as uneqivocally told "no" - my wife wouldn't qualify if I was subsidiary on the account. Called back a third time and the next rep said what's determinative is whether we're of the same "household", - only one bonus per household per year. So I asked the rep if I was secondary owner on an account held by my daughter (no longer of my household) would SHE qualify for the bonus and was told yes, - which a 4rth rep 30 minutes later contradicted by confirming rep No.2's contention that were I a co-owner of the account the primary holder (even if different) wouldn't qualify for the bonus. So I asked the rep what If I'm merely the POD beneficiary of an account owned by my wife, - would she qualify for the bonus in that scenario? But this rep had never heard of such a designation ("POD beneficiary") and must needs transfer me to another department.
HSBC checking account
  |     |   Comment #31
I want to open HSBC. Checking account
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More Past Offers

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