Banking for Newcomers to Canada | HSBC Canada

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Make your transition to Canada as smooth as possible
with HSBC's Newcomers Program valued up to
$700

We understand the importance of making your transition to Canada as smooth as possible: to allow you the freedom to explore the opportunities that immigrating to Canada has to offer. That's why we've designed this Newcomers Program specifically to welcome you.

Welcome to Canada.

At HSBC, we are fluent in...

Transferring your credit history

For access to credit cards and home loans

Local Banking Needs

Debit cards available instantly when you bank with us.

Credit cards for newcomers* - ready for use

Chequing/Savings Accounts

Opening a Canadian bank account that suits your everyday banking needs

International Fund Transfers

Transferring funds between your HSBC Premier or HSBC Advance accounts in over 30 countries5

Foreign Currency Savings Accounts

Offered in multi-currencies (U.S. Dollars, Euros, British Pounds, Hong Kong Dollars, Renminbi)

Studying Abroad

Complimentary money transfers between your account and your children's accounts

Did you know?

52%of expats have a better overall quality of life and 53% a better work/life balance than in their home country

62%of expats own property somewhere in the world, with 9% owning a property in both their home and host country

USD99,900is the average expat income, up 25% since moving abroad

Click here to access the latest report in the Expat Explorer series: Broadening perspectives and learn more about the realites of the expat world through three key themes - economics, experience and family.

Make an appointment with an HSBC representative

®/TMMastercard and World Elite are registered trademarks and the circles design is a trademark of Mastercard International Incorporated. Used pursuant to license.

Issued by HSBC Bank Canada ("HSBC").

*Terms and conditions apply.

1To be eligible, you must be a Canadian permanent resident or work permit holder. You must register for HSBC Online Banking within one (1) month of opening an eligible account, and be qualified as a Newcomer. You must not have received any other HSBC welcome offers with respect to the eligible account including but not limited to a Premier welcome offer, an Advance welcome offer or an HSBC Personal Banking offer.

HSBC Premier eligibility requires you to have an active HSBC Premier chequing account and maintain a $100,000 balance in combined personal deposits and investments with HSBC Bank Canada and its subsidiaries, some exclusions apply. For full details regarding eligibility and any fees which may apply, please refer to the Personal Service Charges / Statement of Disclosure available at any HSBC Bank Canada branch or online at www.hsbc.ca/servicecharge.

HSBC Advance requires you to have an active HSBC Advance Chequing Account and maintain combined personal deposits and investments with HSBC Bank Canada and its subsidiaries of $25,000, or hold personal HSBC Bank Canada residential mortgage balances of $150,000 or greater. Some exclusions apply. A monthly fee of $25 may be charged if you do not meet these minimum balance requirements (fee may change from time to time). For full details regarding eligibility and any fees which may apply please refer to the Personal Service Charges/Statement of Disclosure available at any HSBC Bank Canada branch or online at www.hsbc.ca.

For full details regarding fees which may apply to Performance Chequing Unlimited account, please refer to the Personal Service Charges / Statement of Disclosure available at any HSBC Bank Canada branch or online at www.hsbc.ca/servicecharge.

2The annual rate of interest that will apply to your qualified 1 year redeemable or non-redeemable GIC is the rate that is 1% higher than the rate posted at www.hsbc.ca on the start date of your qualified GIC for a 1 year redeemable or non-redeemable GIC. Interest is calculated daily, interest is not compounded and is paid at maturity. The GIC Bonus Rate Offer is available for 1-year Non-Redeemable and 1-year Redeemable Guaranteed Investment Certificates that are issued in respect of deposits made in Canadian dollars for an amount between $1,000 CAD and $500,000 CAD; not held in any registered plan, such as Registered Retirement Savings Plan, RRIF or Tax Free Savings Account, and issued to one or more individuals who qualify for the HSBC RBWM Newcomers Program under s.2 within 6 months of the opening of any sole or joint Eligible Account held or closed by such persons. You can obtain more information about GICs at http://www.hsbc.ca/1/2/personal/investing/products-and-services/gic, at your local HSBC Bank Canada branch or at 1-888-310-HSBC (4722).

3You must open a new HSBC Mutual Fund account within 12 months of opening your eligible HSBC chequing account and set up a Regular Investment Plan. The Regular Investment Plan must remain active for a minimum of 12 months from the date the Regular Investment Plan is opened. The Regular Investment Plan Bonus Offer will be paid into your Eligible Account within three months after the account has completed twelve (12) months of good standing and meeting the Regular Investment Plan Bonus Offer criteria. The one-time bonus applies only to the HSBC Mutual Fund Non-Registered account offered by HIFC and is available to HIFC customers who have achieved the age of majority in their province of residence. If you cancel or decrease your Regular Investment Plan contribution at any time within the 12 months following the initial Regular Investment Plan contribution, you will not be eligible for the Regular Investment Plan Bonus Offer.

HSBC Investment Funds (Canada) Inc. (HIFC) is a direct subsidiary of HSBC Global Asset Management (Canada) Limited and an indirect subsidiary of HSBC Bank Canada, and provides its services in all provinces of Canada except Prince Edward Island. HSBC Global Asset Management (Canada) Limited is a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada and provides its services in all provinces of Canada except Prince Edward Island.

HSBC Global Asset Management (Canada) Limited is the manager and primary investment advisor for the HSBC Mutual Funds. HSBC Investment Funds (Canada) Inc. is the principal distributor of the HSBC Mutual Funds. HSBC Mutual Funds are also distributed through authorized dealers. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the Fund Facts before investing. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other deposit insurer. Their values change frequently and past performance may not be repeated. The unit value of money market funds may not remain constant.

4You must open an HSBC safety deposit box at any HSBC branch in Canada where the service is offered within six (6) months of opening your Eligible Account; and pay the required safety deposit box fees prorated for current year and in full for the next year from your eligible account.

5Global View and Global Transfers are not available in all countries and territories where HSBC Premier and HSBC Advance are 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.

6HSBC Mastercard is subject to standard HSBC credit review and approval. HSBC Advance Mastercard is available to HSBC Advance customers. HSBC Premier Mastercard is available to HSBC Premier customers. HSBC Premier World Elite® Mastercard® is available to HSBC Premier customers with a minimum annual gross personal income of $80,000 or a minimum annual gross household income of $150,000 or a minimum of $400,000 in assets under management (based on liquid, investable assets with financial institutions in Canada).

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