Bank Accounts, New to Canada Banking | HSBC Canada

Products and Services for Newcomers to Canada

Keeping your funds safe and accessible

Choose the accounts you need for day-to-day banking

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Chequing Accounts

DAY-TO-DAY BANKING

DEBIT CARD

GLOBAL ACCESS

Full details

A chequing account lets you access the money you put into it whenever you need it. Many people use their chequing account for everyday expenses and to pay monthly bills. You can usually make arrangements for your employer to deposit your pay directly into your chequing account.

Key features and benefits
  • Make everyday banking transactions such as payroll deposits, writing cheques, ATM withdrawals, online bill payments, and more
  • Use the included HSBC Debit Card for in-branch and ATM transactions, and for Interac® Direct Payments in stores
  • Open an HSBC Premier1 account and receive:
    • A no-fee chequing account
    • Complimentary access to Global View2 and Global Transfers2 that lets you view your HSBC accounts in different countries and transfer funds between them

Need help?

Already in Canada:

Email us

Have us call you

Find a branch

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

Before you arrive in Canada
Visit your local HSBC branch in your home country for international account opening assistance.

 

Savings Account

HIGHER INTEREST

SAVE FOR MAJOR PURCHASES

ONLINE ACCESS

Full details

A savings account typically pays you a higher rate of interest than a chequing account, which can be useful to help you save for a major purchase, a down payment for a house, or an investment.

Key features and benefits
  • Use this account for saving your money, rather than making day-to-day banking transactions
  • Receive a higher interest rate than a chequing account
  • Explore high-rate and tax-free options to help you save faster

Need help?

Already in Canada:

Email us

Have us call you

Find a branch

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

Before you arrive in Canada
Visit your local HSBC branch in your home country for international account opening assistance.

 

Foreign Currency Savings Account

U.S. DOLLARS

HONG KONG DOLLARS

EUROS

BRITISH POUNDS

Full details

Save your U.S. dollars, Great Britain pounds, Euros and Hong Kong dollars and watch them grow in a Foreign Currency Savings Account.

Key features and benefits
  • Save your foreign currency for travel or business
  • Reduce foreign exchange costs
  • Earn high interest on Euros, U.S. dollars, and British pounds
  • Earn regular interest on Hong Kong dollars
  • No minimum balance or monthly fees
Next steps

Need help?

Already in Canada:

Email us

Have us call you

Find a branch

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

Before you arrive in Canada
Visit your local HSBC branch in your home country for international account opening assistance.

 

®Trade-mark of Interac Inc. HSBC Bank Canada authorized user of the trade-mark.

1 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. Please refer to the Personal Service Charges / Statement of Disclosure for fees which may apply.

2 Global View and Global Transfer are not available in all countries and territories where HSBC Premier is offered. Certain services offered by members of HSBC in Canada may be restricted or unavailable if you move to another jurisdiction or are in another jurisdiction due to the local laws of that jurisdiction. HSBC Group may, however, be able to provide similar services through its members in that jurisdiction. A full list of available countries and a demo can be viewed online at hsbc.ca/premier.