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How to apply for HSBC Advance
New to HSBC?
Apply for an HSBC Advance package1 with our online form. The Credit Card Rates and Fees - Disclosure Statement will be presented. Please review before starting the application.
What do I need to be eligible for the HSBC Advance package1 with no monthly fee?
- To qualify for the HSBC Advance package1 with no monthly fee, you must maintain a balance of $25,000 or more in deposits and/or investments with HSBC in Canada. This balance can be held in a variety of accounts. This balance can be held either individually or jointly.
- You have three months after your HSBC Advance Chequing account is approved to transfer the $25,000 balance to eligible accounts with HSBC in Canada. If you fall below the $25,000 threshold you will be subject to a monthly fee of $25. This fee will be charged to your Advance Chequing account.
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.
Important Information to Apply for Credit Products
The HSBC Advance Chequing account, HSBC Advance MasterCard and personal line of credit are each subject to credit adjudication and approval. As part of the application process, you must consent to a credit bureau check to verify your credit qualifications.
Important Information to Apply Online
To apply for the HSBC Advance package1 online you must meet the following qualifications:
- Be a Canadian resident
- Be at least the age of majority in your province of residence
In addition, to meet Canadian anti-money laundering regulations outlined in the Proceeds of Crime (Money Laundering) Terrorist Financing Act and Regulations effective June 23, 2008, we must follow legislated methods to ascertain identity when we open online accounts without face-to-face interactions. Therefore, to apply for the HSBC Advance package1 online, you must agree to the following for identification purposes:
- Send a cheque drawn on your existing Chequing account with another Canadian Financial Institution. The cheque must include your name and current address. This cheque must clear your account to provide proof of identity.
- Consent to a credit bureau check from which we may ask specific personal questions to confirm your identity.
Eligibility
With benefits including a convenient banking package, preferred rates, access to international services and investment solutions, HSBC Advance helps you reach your goals sooner.
No Monthly Fee: when deposits and/or investment balances are $25,000 or more across eligible accounts.
Monthly Fee: $25 per month, no minimum balance requirements
What you need to know before you apply
The application should take approximately 10 minutes to complete. By completing this online application, you will be applying for the HSBC Advance package1 which is comprised of the following four products:
1. Advance Chequing account*
2. Advance Savings account
3. Advance MasterCard®*
4. Personal line of credit*
*Subject to credit adjudication and approval
Rates & Fees
Other account related charges not included in the HSBC Advance package1 may apply. See complete details.
Need Help?
Contact us at 1-888-310-HSBC (4722) if you have any questions regarding your application.
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. When you have $25,000 in personal deposit and/or investments with HSBC Bank Canada or its subsidiaries, the monthly fee of $25 will be waived; if you do not have the minimum $25,000 your HSBC Advance Chequing account will be debited the $25 monthly fee. 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 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.
®2Interac. Trade-mark of Interac Inc. HSBC Bank Canada authorized user of the trade-mark.
®3THE EXCHANGE. User licensed in Canada by FICANEX Services Limited partnership on behalf of Fiserv EFT.
