Cassidy Horton is a finance writer covering banking, life insurance and business loans. She has worked with top finance brands including NerdWallet, MarketWatch and Consumer Affairs. Cassidy first became interested in personal finance after paying of.
Cassidy Horton Personal Finance Reviewer and WriterCassidy Horton is a finance writer covering banking, life insurance and business loans. She has worked with top finance brands including NerdWallet, MarketWatch and Consumer Affairs. Cassidy first became interested in personal finance after paying of.
Written By Cassidy Horton Personal Finance Reviewer and WriterCassidy Horton is a finance writer covering banking, life insurance and business loans. She has worked with top finance brands including NerdWallet, MarketWatch and Consumer Affairs. Cassidy first became interested in personal finance after paying of.
Cassidy Horton Personal Finance Reviewer and WriterCassidy Horton is a finance writer covering banking, life insurance and business loans. She has worked with top finance brands including NerdWallet, MarketWatch and Consumer Affairs. Cassidy first became interested in personal finance after paying of.
Personal Finance Reviewer and Writer Elizabeth Aldrich Banking WriterWith eight years of experience as a financial journalist and editor and a degree in economics, Elizabeth Aldrich has worked on thousands of articles within the realm of banking, economics, credit cards, investing, loans, personal finance and travel.
Elizabeth Aldrich Banking WriterWith eight years of experience as a financial journalist and editor and a degree in economics, Elizabeth Aldrich has worked on thousands of articles within the realm of banking, economics, credit cards, investing, loans, personal finance and travel.
Elizabeth Aldrich Banking WriterWith eight years of experience as a financial journalist and editor and a degree in economics, Elizabeth Aldrich has worked on thousands of articles within the realm of banking, economics, credit cards, investing, loans, personal finance and travel.
Elizabeth Aldrich Banking WriterWith eight years of experience as a financial journalist and editor and a degree in economics, Elizabeth Aldrich has worked on thousands of articles within the realm of banking, economics, credit cards, investing, loans, personal finance and travel.
Updated: Aug 29, 2024, 1:20pm
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HSBC is the 23rd largest bank in the U.S. by assets and one of the largest banks in the world. With its global headquarters in London and U.S. headquarters in New York, HSBC’s U.S. arm focuses on international banking and wealth management. It operates just over 20 branches or “Wealth Centers” located in Atlanta, Chicago, Houston, Los Angeles, Miami, New York, San Francisco, Seattle and Washington, D.C.
FEATURED PARTNER OFFEREarn Up to $2,500
Minimum Deposit Requirement
Monthly Maintenance Fee
Balances of $100,000 in combined U.S. consumer and qualifying commercial U.S. Dollar deposit and investment ² accounts; OR
Monthly recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s); OR
Any HSBC U.S. residential mortgage loan serviced by HSBC. Home Equity products, loans that are in foreclosure or bankruptcy, and loans for which servicing rights have been transferred are not included.
Consumers who maintain Private Bank status³.
*Waivable if minimum requirements are met
On HSBC's websiteEarn Up to $2,500
Balances of $100,000 in combined U.S. consumer and qualifying commercial U.S. Dollar deposit and investment ² accounts; OR
Monthly recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s); OR
Any HSBC U.S. residential mortgage loan serviced by HSBC. Home Equity products, loans that are in foreclosure or bankruptcy, and loans for which servicing rights have been transferred are not included.
Consumers who maintain Private Bank status³.
*Waivable if minimum requirements are met
We’re here to help you navigate your financial commitments both in the U.S. and abroad.
Plus, you could earn a cash bonus of up to $2,500 when you open a new Premier checking account and complete qualifying activities 1 .
Disclosures1. New Customer must meet each of the following requirements to qualify for the Cash Bonus:
2. Investment and annuity products are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. HSI is an affiliate of HSBC Bank USA, N.A.
3. To become an HSBC Private Bank customer, you must be invited and reviewed on an individual basis. See your Relationship Manager for details.
Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.
* Investment, annuities, and variable life insurance products are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. In California, HSI conducts insurance business as HSBC Securities Insurance Services. License #:OE67746. HSI is an affiliate of HSBC Bank USA, N.A. Whole life, universal life, term life, and other types of insurance are offered by HSBC Insurance Agency (USA) Inc., a wholly owned subsidiary of HSBC Bank USA, N.A. Products and services may vary by state and are not available in all states. California license #: OD36843.
Investments, Annuity and Insurance Products: Are not a deposit or other obligation of the bank or any of its affiliates; Not FDIC insured or insured by any federal government agency; Not guaranteed by the bank or any of its affiliates; and subject to investment risk, including possible loss of principal invested.
All decisions regarding the tax implications of your investment(s) should be made in connection with your independent tax advisor.
HSBC occasionally promotes bonus and promotion offers for new HSBC customers. Bonuses are generally geared toward new customers who can open an HSBC account and complete a certain number of transactions, direct deposits or transfers over a minimum dollar amount within a specified period of time. The specific requirements and bonus amount vary depending on the offer and the type of HSBC account opened.
Here are the current HSBC bonuses and promotions for new customers. Offer details are accurate as of June 3, 2024.
Earn $300 when a friend or family member opens an HSBC Premier account using your personal referral code. You can earn up to $6,000 per year by taking advantage of this offer 20 times. However, this offer is only available through June 26, 2024.
This offer is available for customers with an HSBC Premier account and those with access to HSBC Personal Internet Banking (PIB). You will find your personalized code when you log into your PIB account. Your referral must apply for a new account in a U.S. HSBC Wealth Center, online at us.hsbc.com/refer or by contacting HSBC’s International Banking Center Team.
After they have applied for an account using your referral code and the account remains open for at least 21 days, you will receive your bonus within eight weeks. Keep in mind that whomever you refer should not be a current or previous HSBC account holder, as they will not be eligible for the offer.
Individuals you refer will be eligible for a new account bonus of up to $1,000 when they open a HSBC Premier checking account and meet qualifying activities. They must deposit new money or eligible investment accounts within 30 days of account opening and maintain that balance for six calendar months. New money includes deposits or investments that haven’t previously been in an HSBC account or held by any member of the HSBC Group in the U.S.
New account bonus and qualifying balances:
Bonuses will be deposited within eight weeks from the date the new account is fully qualified. Keep in mind that all bonuses are subject to taxes and will be reported to the IRS.
There are a few things to be aware of when considering an HSBC bonus offer.
It’s not enough to apply for a new HSBC Premier checking account online. You must apply through the offer page on HSBC’s website to qualify for a bonus.
If you’re a past or current HSBC banking customer in the U.S., you don’t qualify for this bonus—even if you’ve never had a Premier checking account. And if you take advantage of this offer, you cannot receive any other HSBC deposit account offers in the future.
It can take up to two months to receive your bonus once you qualify. During this time, your HSBC Premier checking account must remain open, as this is where your bonus is deposited. Keep in mind this account has a $50 monthly fee, which can quickly eat into your bonus if you don’t meet the minimum requirements to waive it.
As with most bank bonuses, any offers you earn through HSBC will count as taxable income for the year. The bank will report your earnings as interest to the IRS, and you’ll receive a Form 1099-INT in the mail when it’s time to file your taxes.
It can take up to eight weeks to receive your HSBC checking bonus once you meet the eligibility requirements. HSBC will deposit your welcome bonus directly into your checking account.
Apply for a new HSBC Premier checking account through an active offer and meet all eligibility criteria in the time allotted.
An international bank, HSBC lets you access your money from 62 countries, making it a great fit for those who travel frequently. The bank’s worldwide ATM network lets you withdraw cash from almost anywhere, and some of HSBC’s checking options don’t charge foreign transaction fees.
Keep in mind that the bank has a limited number of physical branches in the U.S.—fewer than 30. If you prefer banking in person, ensure there is a branch near you before opening an account.
