[Expired] [Targeted] HSBC $250-$800 Checking Bonus – Direct Deposit Not Required

Deal has expired, view the best current checking bonuses by clicking here.

Offer at a glance

• Maximum bonus amount: $800
• Availability: Nationwide
• Direct deposit required: Not required
• Additional requirements: Deposit requirements, see below
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding: None
• Monthly fees: Avoidable
• Early account termination fee: $25 if closed within 180 days
• Household limit: None listed
• Expiration date: December 14th, 2018

The Offer

No direct link to offer, sent out via snail mail and has a unique code

• HSBC is offering three new checking bonuses of $250, $400 and $800. Each level requires a different account and requirements.
• Choice checking $250 bonus requirements:
  • Open new HSBC Choice checking account
  • Deposit a minimum qualifying balance of $1,500 or more in new money in combined checking and savings accounts within 30 calendar days of account opening
  • Maintain at least the minimum qualifying balance for 90 days from the date you deposited the minimum qualifying balance
• Advance checking $400 bonus requirements
  • Open new HSBC Advance checking account
  • 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
  • Maintain at least the minimum qualifying balance for 90 days from the date you deposited the minimum qualifying balance
• Premier checking $800 bonus requirements:
  • Open new HSBC Premier checking account
  • Deposit a minimum qualifying balance of $100,000 or more in new money in combined checking and savings accounts within 30 calendar days of account opening
  • Maintain at least the minimum qualifying balance for 90 days from the date you deposited the minimum qualifying balance

The Fine Print.

• New Money is defined as deposits not previously held by any member of the HSBC Group in the U.S. Accounts/Assets that are ineligible for New Money include: insurance products; fixed and variable annuities; 529 College Savings Plans; any retirement accounts including but not limited to IRAs, Keogh, Simple IRAs, and 401(k) Plans; UTMA and UGMA accounts; commercial accounts; and revocable or irrevocable trust accounts and estate accounts.
• HSBC reserves the right to change or terminate this offer at its sole discretion.
• For purposes of determining whether you have maintained the Qualifying Balance for the Welcome Deposit, a New Money average balance will be calculated every Friday to derive the average monthly balance throughout the total offer period.
• Limit one Welcome Deposit per customer, including all individual and joint accounts – the first line name on the joint account is considered the customer for gift purposes.
• The Welcome Deposit to your HSBC Choice Checking account will be reported on the applicable IRS form.
• Eligible customers who take advantage of this offer cannot receive any other New Consumer Deposit Offers provided by HSBC Bank USA N.A
• New Consumer Deposit Offers are defined as incentives in a form of merchandise, cash bonus, and preferred rates on savings accounts and/or CDs that are offered to customers who open an eligible checking account and satisfy qualifying activities.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Choice Checking ($250 Bonus)

This account has a $15 monthly fee, this is waived if you meet either of the following requirements:

• Receive a direct deposit
• Have $1,500 in combined personal deposit and investment balances

Advance Checking ($400 Bonus)

This account has a $25 monthly fee, this fee is waived if you maintain linked combined balances of at least $10,000 or at least $5,000 with a recurring direct deposit from a third party to an HSBC advance checking account at least once per monthly cycle.

Premier Checking ($800 Bonus)

This account has a $50 monthly fee, this fee is waived if you have $100,000 or more in combined balances.

Early Account Termination Fee

There is a $25 fee for closing the account within 180 days (Link).

Our Verdict

Basically the same as the public bonuses, just slightly larger. Unfortunately doesn’t seem to be anyway to get targeted other than to just be lucky. Obviously can’t add this to the best checking bonuses as it’s targeted.

Big thanks to reader, James D Scott & Sam S who let us know. Learn how to find bonuses and contribute to the site here.

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