- Update 8/24/25: Swagbucks is now increased to $200 (ht dylan). Not sure if this will stack with the referral version, but certainly will stack with the public offer version.
- Update 8/5/25: The older offer of $1,500/$2,500 with $100k/$250k deposit is still available via referral. You can see the details and find referrals in this post. The referral offer is valid through 12/31/25 while the public offer ends 9/30/25.
- Update 8/4/25: There’s also $100 Swagbucks now and on MyPoints as well (ht AFNAJ). Sounds like the $100 Swagbucks maybe doesn’t need any qualifications. Valid through 9/30/25. Looks like the bonus itself changed: it’s now $1,000 for $100k deposit, plus $500 if you do the direct deposit bonus. The $2,500 tier is gone and there’s a new mortgage bonus instead.
- Extended to December 31, 2025
- Update 1/18/25: Extended to February 28, 2025
- Update 11/24/24: Deal is back and valid until January 2, 2025
Offer at a glance
- Maximum bonus amount: $2,500
- Availability: Nationwide
- Direct deposit required: Yes
- Additional requirements: None
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: $50, avoidable
- Early account termination fee: $25, 180 days
- Household limit: None listed
- Expiration date:November 22, 2024
Contents
The Offer
- HSBC is offering a $1,500 or $2,500 bonus when you open a new Premier checking account. Bonus you receive depends on the amount you deposit or invest the following for 3 full consecutive months following the new account opening month:
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Receive a cash bonus of $1,500 when you deposit or invest $100,000 to $249,999.99
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Receive a cash bonus of $2,500 when you deposit or invest $250,000+
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The Fine Print
- Offer valid from January 8, 2024, through and including March 27, 2024 (“Offer Period”). Only New Customers are eligible for this offer.
- Customers who have a current or past HSBC account in the U.S. on file are not eligible for this offer.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has a $50 monthly fee, this fee is waived if you do any of the following:
- Maintain balances of $75,000 in combined U.S. Dollar personal deposit accounts and investment* balances OR
- Recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s) per calendar month OR
- Any HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000. Business owners may use their qualifying HSBC U.S. Dollar commercial balances to qualify for a personal Premier relationship
Early Account Termination Fee
$25, 180 days
Our Verdict
The lowest tier is the best rate of return at ~6%. It does say you can have the funds invested, but not sure how that works in practice. Premier checking itself earns a 0.01% interest rate so probably not worth considering for most people as the 6% rate is only marginal when compared to other high interest accounts. Better than the previous bonus offered.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
