HSBC Advance Newcomers Program | HSBC Canada

Accounts for Newcomers to Canada

We understand that settling into a new country can be a difficult and challenging experience. Your money may need to move with you. HSBC Bank Canada has a variety accounts to help you and your family.

 

HSBC Advance1

HSBC Premier 2

 
Key details    
 
Qualifications

You plan to immigrate to Canada or have arrived in Canada with a landed immigrant status or foreign worker status within the last 3 years. A personal deposit and/or investment balance of $25,000 CAD with HSBC in Canada, or total aggregate personal mortgage balances of $150,000 or more at HSBC in Canada, will be required. You have up to 6 months after account opening to build up your balance.

You have C$100,000 in personal assets held in personal deposit and/or investment balances.

 
Accounts can be opened while outside of Canada

Included

Included

 
Our International Banking Centre will handle all the paperwork for you4

Included

Included

 
Personal Representative to ease your transition to Canadian banking4

Included

Included

 
Manage your bank account through: Personal Internet

Included

Included

 
Banking, Telephone Banking and ATM    
 
Special offers: HSBC bank products & other discounts with retailers

Included

Included

 
View all your HSBC accounts in different countries under one Internet Banking user ID

Included

Included

 
Transfer funds between your HSBC accounts in different countries in real time

Fees may apply

Fees may apply

Included

Included

 
International Recognition and Emergency Support

Included

Included

 
Up-to-the-minute information and monthly updates on the latest investment news

Not included

Included

 
Providing comprehensive immigration support services through our HSBC All Inclusive Package

Not included

Not included

 
Flexible investment financing options to suit you and your family's situation

Not included

Not included

 

1 HSBC Advance is comprised of four products – HSBC Advance Chequing account, High Rate Savings Account (CAD), HSBC Advance MasterCard® and a personal line of credit. The HSBC Advance Chequing, MasterCard and personal line of credit are subject to credit adjudication and approval. You are eligible for HSBC Advance if you have a Total Relationship Balance (TRB) of $25,000 or more and/or a Total Mortgage Balance (TMB) of $150,000 or more. For more information about the eligibility criteria, the monthly fee and other fees, please refer to our Personal Service Charges Statement of Disclosure. HSBC Advance customers must also have a HSBC Advance Chequing Account (CAD). The monthly fee will be charged to your HSBC Advance Chequing Account (CAD) if you do not meet the eligibility criteria or fall within the following grace periods. A new HSBC Advance customer has 3 months from the date they open an account to meet the eligibility criteria. HSBC Advance customers under the Advance Newcomer program (for landed immigrants, foreign workers or new residents of Canada within the past three years) have 6 months from the date they open an account to meet the eligibility criteria. Transaction fees apply to HSBC Advance MasterCard (visit www.hsbc.ca for full MasterCard rates and fees). Transaction and other fees apply to the High Rate Savings Account and other banking services not included in HSBC Advance (refer to the Personal Service Charges Statement of Disclosure at www.hsbc.ca/servicecharge).

®MasterCard is a registered trademark of MasterCard International Incorporated. Used pursuant to license.

2 HSBC Premier eligibility requires you to have an active Premier chequing account and maintain a $100,000 balance in combined personal deposits and investments with HSBC Bank Canada and its subsidiaries. Monthly banking package fees may apply.

3 Quebec Program limited to applicants who intend to establish permanent residence in the province of Quebec. Federal Program available to applicants who intend to establish permanent residence anywhere in Canada, outside of Quebec.

4 Service fee for opening account while outside of Canada is waived for Premier and Immigrant Investor Program, HSBC Advance customers receive 50% discount on international account opening fees.

Need help?

Already in Canada:

Call us:
1-888-310-4722
(toll-free in North America)
or
011-604-525-4722 (collect calls accepted)

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