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Raymond
Raymond

but arent they closing shop DoC?

Angie
Angie

Avoid this offer like the plague. They will not voluntarily honor it no matter how many times you message or call them. It happened on both P1 and P2 accounts! I had to submit a consumer financial complaint to get them to finally apply it. About a 12 month ordeal for each account.

KatyTX
KatyTX

It was smooth sailing when I did the $750 bonus. Doing this $600 bonus for P2 now before they exit US consumer banking.

Angie
Angie

Well you’ve been forewarned. P1 they locked up my $10,000 for months and disconnected any ability to transfer funds in/out and said they “couldn’t see a problem”. And P2 they refused the promotion flat out for months. Even with pdf and screenshot proof. Any action requires calling. Not sure whether this bank, or BBVA is the worst I’ve encountered yet.

G
G

So… currently a 3% bonus for 6 months on DD (to an HSBC Premier account) with a monthly maximum of $100. If you do the minimum to avoid fees ($5000/mo) then you’re depositing $30,000 to get $600 (not including 0.01% APY). To get the max $100 bonus only, that requires $3,334/mo DD, but there’s the $50/mo fee. So you’d deposit a little over $20k to get a $300 bonus. Not a great deal, plus HSBC is exiting US retail operations anyway.

KatyTX
KatyTX

You can take the money out each month after the $5000 DD and won’t be charged the monthly fee. So worst case is having $5000 average balance in the account for 6 months to get $600. Not a bad deal.

Swastik Agrawal
Swastik Agrawal

Just transfer the money out after DD posts.

Sher
Sher

Opened this account 6/17/20 for the $700 bonus ($120/month for $5k DD/month)
Used Chase and PNC for combined $5k/month
$120/mth started posting Sep 2020
$120 posted every month till Jan 2021
Feb 2021 – $100 posted
Total $700
Thanks, Doc!

az
az

I eventually didn’t get the bonus after 11 months although all CS messages told me I would get it. WTF.

KP
KP

Avoid. I signed up using the link and they flat out denied that no promo attached after meeting requirements. I signed up only because I had success once ignoring warnings of denials from HSBC.

jake
jake

Are HSBC bonuses worth doing? I remember trying to do one a few years back and it was a nightmare.

Avi
Avi

jake I had the same experience a few years ago, but decided to go for this one as one last hurrah before they close their US consumer banking. Based on recent DPs, it seems worthwhile.

Jun
Jun

Opened 11/29/2019 and closed on 6/2/2020. Am I eligible?

Avi
Avi

Jun Nope. Of banks that aren’t once per lifetime, HSBC is the strictest one out there, requiring a 3-year wait between your account closure and the starting date of the promotion. Given that they likely won’t exist as a consumer bank in the US in 2023, that was probably the last bonus you’ll ever get from them.

“Customers who held an HSBC consumer deposit or investment account from January 7, 2018 through and including January 7, 2021 are not eligible for this offer.”

sg77

Capital One 360 is slightly more strict: “If you have or had an open 360 Checking account as a primary or secondary account holder with Capital One on or after January 1, 2018, you will be ineligible for the bonus” (though, that’s from an offer that expired last month)

Tony
Tony

I can’t understand this posting being bumped to the top of home page: I am not seeing any update(?)

Denise
Denise

Probably bumped because it is being reported that HSBC is going to announce they are pulling out of the US this week. So, this is Likely the last opportunity to get a Bonus from them.

vc
vc

Time to find some overseas relatives.

CK9
CK9

From T&C: “Customers who held an HSBC consumer deposit or investment account from January 7, 2018 through and including January 7, 2021 are not eligible for this offer.” Not applicable for HSBC account holders after Jan 7, 2018.