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HSBC Passport® - Banking made easy for new Canadians
We understand that settling into a new country can be a difficult and challenging experience. If you are new to Canada, or immigrating to Canada, this is a time when you need to be in control of your money, stay in touch with home, and feel informed and secure.
HSBC Passport is available to you for a one-year introductory period1 – from the date you open your Performance Chequing Unlimited Account. After one year, we’ll work with you to ensure your financial needs are being met.
Getting started – banking in Canada
To qualify for HSBC Passport, you must be immigrating to Canada or arrived in Canada within 2 years and have a minimum deposit of $100.00 CAD in your Performance Chequing Unlimited Account, plus, you must have:
- Proof of landed immigrant status or
- Proof of foreign worker status
What you get
Performance Chequing Unlimited Account2 (no monthly administration fee for one year)
- Unlimited monthly transactions
- An HSBC debit card for all your shopping needs
- Access to HSBC Bank Canada and THE EXCHANGE®1 network ATMs
- 24-hour access to your account with Personal Internet Banking which allows you to do your daily banking with a simple click of the mouse, anytime, anywhere
- With our 24-hour Telephone Banking you can simply pick up any phone to enjoy a complete range of direct banking services – it’s fast and convenient
International Telegraphic Transfer3
- The ability to safely and securely send money overseas, especially to family and friends back home, is something we understand is important to you. With this in mind, we have discounted our international Telegraphic wire transfer cable fee by 25% on in-branch Telegraphic wire transfers for the first year.
Safety Deposit Box4
- To keep your special documents and valuables safe, we’re offering you free rental on a size A safety deposit box for the first year.
Additional Offers5
High Rate Savings Account6
With the High Rate Savings Account, you’ll earn a high rate with the added convenience of in-branch services. And, for the first year, we’ll waive all your account activity fees on one account. Choose from Canadian Dollar, US Dollar, British Pound or Euro High Rate Savings Accounts.
Tax Free Savings Account --- High Rate Savings Account6
In your first year as HSBC Passport customer, enjoy free account activity fees on your TFSA High Rate Savings Account.
One to Five-Years Non-Redeemable GIC7
Why not take advantage of our Non-Redeemable GIC. You can earn preferred rates on the entire balance with terms of one year or longer when amounts are $3,500 or more.
And that’s not all!
Mortgages8
When you want to purchase a home, we’ll help you save on acquisition costs such as appraisal, survey or legal fees. Contact your branch for details.
Line of Credit / Overdraft Protection8
Personal Line of Credit or Overdraft Protection lets you have additional money to use, how and when you want. Draw on part or all of it - use what you need, when you need it. It's a flexible financial solution to help you reach your goals, big or small and let's you pay back the entire amount, or a portion - the choice is yours.
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HSBC MasterCard®2
The HSBC MasterCard8 is widely accepted around the world and offers convenient access to cash. Great for your everyday needs and planning for tomorrow. Contact the branch nearest you for more information and to discuss credit qualification for new HSBC Passport customers. We can help you get started.
Visitors to Canada Insurance Plan9
Government sponsored health coverage in Canada usually has a minimum waiting period; during this time, the HSBC Visitors to Canada Insurance Plan can cover you for up to $150,000 in emergency medical expenses. Enjoy 5% discount when you apply online.
Watch HSBC Passport TV Commercial
Sign up for HSBC Passport and get this Exclusive Offer
Canadian Automobile Association (CAA)
Enjoy $25 discount off the cost of a Basic Membership when you sign up with CAA Clubs in British Columbia, Saskatchewan, North & East Ontario, South Central Ontario, Niagara and Atlantic Canada.
Expires June 30, 2010.
Click here for more details.
This is only a summary of HSBC Passport.
HSBC Passport is subject to qualification and is only available to new HSBC customers who have reached the age of majority in the province where the account is opened.
HSBC Passport and the products/services available through HSBC Passport are subject to terms and conditions, which you will be given when you apply.
Third party offers are subject to qualification criteria of third-party suppliers.
1 Product discounts and additional offers only available within the first year as a HSBC Passport customer. HSBC Bank Canada reserves the right to change products in the HSBC Passport offer at any time.
2 The Performance Chequing Unlimited Account is a mandatory product for HSBC Passport. Refer to the Performance Chequing Unlimited Account page for further details. Regular monthly administration fee will be waived for the first twelve months and will resume on the thirteenth month from the date of account opening.
3 Applies to outbound international telegraphic wire transfer cable fee. Discount is not applicable to commission charges. Intermediary and final beneficiary bank may apply their own fees, which will be charged to the account of the beneficiary.
4 Applicable only if purchased in the year the Performance Chequing Unlimited Account is opened. Customers may obtain from any branch where Size A boxes are available.
5 The Additional Offers within HSBC Passport are not available in any other offer. Performance Chequing Unlimited Account must be open and active to qualify for Additional Offers.
6 Account activity fees waived for one year and will resume on the thirteenth month from the day of account opening.
7 One to five years Non-Redeemable GIC. Non-redeemable prior to maturity. Monthly, semi-annual, annual and annual compounded interest available where applicable.
8 Subject to credit approval, ask in-branch for details
9 Conditions, limitations and exclusions apply. For complete details of coverage, refer to the Summary of Coverage which you will receive upon purchase, the terms of which will prevail. HSBC Travel Insurance is administered by Travel Guard and underwritten by Chartis Insurance Company of Canada, 145 Wellington Street West, Toronto, ON M5J 1H8.
® HSBC Passport is a Canadian registered trademark of HSBC Holdings plc, used under license by HSBC Bank Canada.
®1 User licensed in Canada by FICANEX Services Limited Partnership on behalf of Fiserv EFT.
®2 MasterCard is a registered trademark of MasterCard International Incorporated. Used pursuant to license.
