HSBC $75 Checking Account Sign on Bonus

Posted by Sun on February 26, 2007
Post viewed 1082 times, 1 so far today

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HSBC is offering a $75 bonus for opening an interest checking account with them. With the checking account, customers also get “free Personal Internet Banking and Bill Pay and an HSBC Debit MasterCard with PayPass.” The Terms & Conditions for this offer says

HSBC reserves the right to charge your checking account an amount equal to the bonus if your checking account does not remain open for at least 180 days. Limited to one (1) cash bonus per household. Offers expire April 10, 2007 and cannot be combined with any other offers.

What it says basically is you have to keep the account for at least 180 days in order to get the bonus; otherwise, the $75 will never get into your pocket. In addition, there are other conditions to earn interests with the checking account:

Interest Checking – Get all the advantages of an HSBC checking account, plus a competitive rate of return on your money! It’s free if you sign up for direct deposit. You can also upgrade to the Smart Package and link your Interest Checking with a Premium Money Market Savings Account.

If you don’t sign up for direct deposit and your monthly balance is below $3,000, then there will be a $8 monthly maintenance fee. And how much interests can you expect to earn from their interest checking? Almost nothing! What a Deal!

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Categories : Banking, Bonus, Free money, Personal finance Tags: No Tags

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4 Comments
February 27, 2007

Wow, HSBC is becoming more attractive! First the 6% interset rate on savings and now this.

Posted by Moneymonk
February 27, 2007

It’s nice that they start to pay interest for checking account, but the problem is the interest rate is too low to attract any serious money. Besides, I don’t like they put a minimum balance requirement. But I guess that’s the way big banks do business.

Posted by The Sun
March 10, 2007

If I already have an interest checking account some time ago, do you think I can apply another one to get this bonus? I don’t see any fine print that answers this question.

Posted by KY
March 10, 2007

KY: I didn’t find any information about whether you can have two checking account with them either. To be safe, you probably want to give them a call and find out if a second account is eligible for the bonus. Or how difficult is it to close the account? If you have a savings account with them and no external links to your existing checking account, maybe you can just close the account and apply for a new one. However, you may still need to call them to see if they have any conditions regarding past customers.

Posted by The Sun
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