HSBC Premier

HSBC connects you with a world of possibilities. They’re here to help you navigate your financial commitments both in the U.S. and abroad. Learn more about HSBC Premier below!

For more current bank offers, see our bank bonuses page. The most popular offers are from Chase Bank, SoFi, KeyBank, BMO and Axos Bank.

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

HSBC Premier

Start an HSBC Premier relationship when you open a Premier checking account:

• Easily open an account online, from the comfort of your home.
• Manage your banking needs across different time zones, with 24/7 support.
• Manage your money around the world – from global transfers to multi-currency needs.
• New to the U.S.? Build your U.S. credit history with one of our credit cards. Or, if you’re buying a new home, you can use your international credit history to apply.
• Go beyond banking with special offers, referrals for tax advice, relocation services, and more.
• Includes products and services offered by HSBC Securities (USA) Inc.
• Global opportunities: We provide market views and insights from around the world to help you make more informed investment decisions.
• Wealth products, insights and advice from an HSBC Wealth Relationship Manager
• Investment support: Your HSBC Wealth Relationship Manager is available to discuss your portfolio and financial goals

1. This information is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. HSBC Securities (USA) Inc. offers a broad range of brokerage, investment advisory (including financial planning) and other services. For additional information on financial planning, including pricing, please read our Client Relationship Summary and Brokerage Brochure.
2. To qualify for an HSBC Premier relationship, you need to open an HSBC Premier checking account and meet one of the following requirements. A monthly maintenance fee(6) of $50 will be incurred if at least one of these requirements is not maintained. Refer to your ‘HSBC Premier Terms and Charges Disclosure’ for full details.

• Balances of $100,000 in combined U.S. consumer and qualifying commercial U.S. Dollar deposit and investment3 accounts; OR
• Monthly recurring direct deposits4 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 status(5)

3. Investment and annuity products are offered by HSBC Securities (USA) Inc. (HSBC Securities), member NYSE/FINRA/SIPC. HSI is an affiliate of HSBC Bank USA, N.A.
4. Qualifying direct deposits are electronic deposits of regular periodic payments (such as salary, pension, Social Security, or other regular monthly income) deposited through the Automated Clearing House (ACH) network to this account by your employer or an outside agency (please check with your employer or outside agency to determine if they use the ACH network). Direct deposits that do not qualify include but are not limited to transfers from one account to another, mobile deposits, or deposits made at a Wealth Center or ATM.
5. To become an HSBC Private Bank customer, you must be invited and reviewed on an individual basis. See your Relationship Manager for details.
6. You will not be charged a Monthly Maintenance Fee for the calendar month in which you open your account and the following 3 calendar months (together, the “Waiver Period”), whether you meet the qualifying criteria or not. If immediately after the “Waiver Period”, you have not met one of the HSBC Premier qualification criteria and your HSBC Premier checking account is charged 3 consecutive Monthly Maintenance Fees, your account will be closed. In addition, any other checking, savings, credit card and Global Money Accounts that you own will be closed, unless you (or a joint account holder on those accounts) hold a different HSBC Premier checking account.

Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

HSBC, we, our, or us refers collectively to HSBC Bank USA, N.A. (including HSBC Global Private Banking), HSBC Securities (USA) Inc., and HSBC Insurance Agency (USA) Inc.  
 
HSBC Global Private Banking is the marketing name for the private banking business. In the United States, HSBC Global Private Banking offers banking products services through HSBC Bank USA, N.A. (“HSBC Bank”), Member FDIC. HSBC Bank provides banking products and services. Investment, annuities, and variable life insurance products are offered by HSBC Securities (USA) Inc. (“HSBC Securities”), member NYSE/FINRA/SIPC. In California, HSBC Securities conducts insurance business as HSBC Securities Insurance Services. License #: OE67746. HSBC Securities is an affiliate of HSBC Bank. Whole life, universal life, term life, and other types of insurance are offered by HSBC Insurance Agency (USA) Inc. (“HSBC Insurance”), a wholly owned subsidiary of HSBC Bank. 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 may lose value.
 
All decisions regarding the tax implications of your investment(s) should be made in consultation with your independent tax advisor.

Previous Promotions

The following promotions have expired, but are listed here for you to reference for informational purposes.

Previous Promotion #1: HSBC Premier Checking/Savings Account Offer

Start an HSBC Premier relationship today. Earn up to $3,000 when you open a Premier checking and Premier Relationship Savings account by February 28, 2025 and complete qualifying activities.

Add New Deposits to your Premier Relationship Savings account by March 31, 2025 and maintain your Premier Relationship Savings balance through June 30, 2025:

• Get a $1,000 Cash Bonus: Add and maintain New Deposits of $100,000 to $249,999
• Get a $2,000 Cash Bonus: Add and maintain New Deposits of $250,000 to $499,999
• Get a $3,000 Cash Bonus: Add and maintain New Deposits of $500,000+

If all offer requirements are met, the Cash Bonus will be deposited into your Premier Relationship Savings account by August 29, 2025.

Steps to Qualify for the Cash Bonus:

1. Open a Premier checking account and a Premier Relationship Savings account by February 28, 2025.
2. Add New Deposits of $100,000 or more into your Premier Relationship Savings account by March 31, 2025.
3. Maintain $100,000 or more in your Premier Relationship Savings account through June 30, 2025.

If all offer requirements are met, the Cash Bonus will be deposited into your Premier Relationship Savings account by August 29, 2025.

Offer Details

Availability: Nationwide
Expiration: 02/28/25
Household Limit: None
Direct Deposit Required: No
Early Account Termination Fee: None

HSBC Premier

Here’s what you get with an HSBC Premier relationship:

• Access to wealth products, insights and advice from an HSBC Wealth Relationship Manager through HSBC Securities (USA) Inc.*
• Easily open an account online, from the comfort of your home.
• Manage your banking needs across different time zones, with 24/7 support.
• Manage your money around the world – from global transfers to multi-currency needs.
• New to the U.S.? Build your U.S. credit history with one of our credit cards. Or if you’re buying a new home, you can use your international credit history to apply.
• Go beyond banking with special offers, referrals for tax advice, relocation services, and more.

Account Fees

The account comes with a $50 monthly maintenance fee that is waived for the first six months. After six months, the monthly fee can continue to be waived by:

• Maintaining a minimum balance of $100,000 in combined U.S. consumer and qualifying commercial U.S. Dollar deposit and investment accounts OR
• Making monthly recurring direct deposits totaling at least $5,000 or more per month from a third party OR
• Having 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 status.

My Opinion

An offer up to a $3,000 bonus is on the upper-tier of bank account bonuses, and the deposit requirements for this offer is lower than recent account promotions from HSBC. However, the larger deposit/investment requirement is still on the higher end and may be challenging for many people.

I personally think it’s worth your time to grab any bank bonuses that your situation allows you to. It gives you an incentive to try out a bank product you might not have otherwise. I’m definitely planning to hop on this one.

If the requirements of this offer is too high for you, check out my list of the best bank bonuses to find an easier promotion. For example, Chase is offering a $300 bonus to open an account and make a direct deposit of just $500.

Previous Promotion #2: HSBC Premier Checking Bonus – Up to $4,000

New customers may earn up to $4,000 when they open an eligible HSBC Premier checking account from January 8, 2024 through March 27, 2024 (“Offer Period”) and complete qualifying activities.

Get started by opening a Premier checking account and earn a bonus based on the amount you deposit within the first 20 days of account opening:

• Receive a cash bonus of $1,500 when you deposit or invest $100,000 to $199,999.99
• Receive a cash bonus of $2,000 when you deposit or invest $200,000 to $299,999.99
• Receive a cash bonus of $2,500 when you deposit or invest $300,000 to 499,999.99
• Receive a cash bonus of $3,500 when you deposit or invest $500,000+

Plus, earn an extra $500 when you set up recurring monthly Direct Deposit of at least $5,000 for 3 months.

$3,500 Cash Bonus Details

Each requirement must be met in order to qualify for Cash Bonus:

1. Open a new HSBC Premier checking account (“New Account”) during the Offer Period AND
2. Meet a Qualifying Balance of $100,000 or more of New Money in deposit and/or eligible investment accounts within 20 calendar days of opening the New Account AND
3. Maintain the required Qualifying Balance for 3 full consecutive calendar months following the New Account opening month

If all offer requirements are met, the Cash Bonus will be deposited into the New Account within 8 weeks from the date the New Account is fully qualified. Any payments may be subject to tax and will be reported to the Internal Revenue Service as required by applicable law.

$500 Extra Cash Bonus Details

To qualify for an Extra Cash Bonus of $500, new customers must:

• Meet all the requirements for the Cash Bonus AND
• During the Offer Period, begin receiving Qualifying Direct Deposits totaling at least $5,000 per calendar month into the New Account on which the New Customer is “primary”; AND
• Maintain the recurring Qualifying Direct Deposits for 3 full consecutive calendar months. The date of the first Qualifying Direct Deposit posted to the New Account starts the count of 3 full consecutive calendar months

If all offer requirements are met, the Extra Cash Bonus will be deposited into the New Account within 8 weeks from the date the New Account is fully qualified for the Extra Cash Bonus. Any payments may be subject to tax and will be reported to the Internal Revenue Service as required by applicable law.

The Bottom Line

Overall, HSBC promotions tend to be generous, but the funding requirements are also on the higher end. If you have the available funds, then this is a deal I’d consider.

HSBC’s reputation is stellar and they’re a well-known financial institution, so there’s no concerns on this perspective at all.

I’ll add this to the list of the best checking account welcome bonuses.

Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

*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.