The world's local bank
Banking made easy for new Canadians.
Whether you’re new to Canada or are immigrating to Canada, HSBC Advance for New Canadians can help make the transition easier.
Advance is a package of products and services that simplifies your everyday banking and helps you take advantage of financial opportunities as they arise. The HSBC Advance package1 includes 4 core products:
- Advance Chequing - a no-fee chequing account with unlimited transactions.
- Advance Savings - a high-interest savings account with many features that add convenience.
- Advance MasterCard® - a no-annual-fee credit card with your choice of valuable rewards.
- Personal Line of Credit - a flexible personal Line of Credit that gives you instant access to additional funds
Let us help you get established
We understand that moving to Canada — or settling into any new country — can be challenging. It’s a time when you need to be in control of your money, stay in touch with home and feel informed and secure.
The exclusive HSBC Advance package1 gives extra help to people who are new to Canada. Here’s how you can benefit:
- You have up to 1 year to consolidate a $25,000 balance with HSBC in Canada
- We help you build a credit history in Canada more quickly with special credit qualifications that give you a chance to become established
- You will enjoy preferential rates on savings and investment products, as well as on a mortgage for the purchase of your home
Are you eligible for HSBC Advance for newcomers?
To be considered for HSBC Advance for newcomers, you must:
- Be immigrating to Canada or have arrived in Canada within 3 years AND
- Provide proof of landed immigrant status OR proof of foreign worker status
1 The HSBC Advance package is comprised of 4 products— HSBC Advance Chequing account, HSBC Advance Savings account, HSBC Advance MasterCard® and a personal line of credit with an introductory credit limit of $5,000. The chequing account, MasterCard and line of credit products are subject to credit adjudication and approval. If you do not maintain a minimum of $25,000 in personal assets held in personal deposit and/or investments with HSBC Bank Canada or its subsidiaries, you will subject to a monthly fee of $25 will be charged to your HSBC Advance Chequing account. The HSBC Advance package includes Telephone and Personal Internet Banking withdrawals, bill payments, pre-authorized debits, Interac®2 payments, cheques and unlimited deposits and withdrawals from any HSBC Bank Canada and THE EXCHANGE®3 ATMs.
Transaction fees will be charged for other services not included in the package, please refer to the HSBC Advance MasterCard® Rates & Fees as well as the Personal Service Charges brochure.
If you do not wish to apply for the HSBC Advance suite of products, similar products are available separately by calling 1.888.310.4722 or visit a branch.
® MasterCard is a registered trademark of MasterCard International Incorporated. Used pursuant to license.
®2 Trade-mark of Interac Inc. HSBC Bank Canada authorized user of the trade-mark.
®3 THE EXCHANGE. User licensed in Canada by FICANEX Services Limited partnership on behalf of Fiserv EFT.
