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HSBC Advance

HSBC Advance for Newcomers

Banking made easy for new Canadians

We understand that settling into a new country can be exciting and challenging. Whether you’re new to Canada or immigrating, HSBC Advance for New Canadians can help make your transition easier.

HSBC Advance is a package of products and services that simplifies your everyday banking and helps you manage your finances effectively. The package1 includes 4 core products:

  • HSBC Advance Chequing - up to 3 no-fee chequing accounts with unlimited transactions
  • HSBC Advance Savings - a high-interest savings account with many features that add convenience
  • HSBC Advance MasterCard® - a no-annual-fee credit card with your choice of valuable rewards
  • Personal Line of Credit - a flexible instant access to personal Line of Credit that gives you additional funds

New to Canada?

Start banking in Canada the easy way with HSBC Advance.
Speak with a bank representative in Mandarin, Cantonese, French or English.
Call toll-free 1-888-310-4722

Useful Resources for Newcomers
Canadian Banking Guide
Employment
Housing
Family Needs
Visitors to Canada Insurance

Let us help you get established

The exclusive HSBC Advance package1 gives extra support to new Canadians:

  • You have up to 1 year to consolidate a $25,000 deposits and/or investment balance with HSBC in Canada to enjoy no-fee banking1 (or, for a monthly fee of $25, there is no minimum balance requirement)
  • We help you build a credit history in Canada more quickly with special credit qualifications that give you a chance to become established
  • You will enjoy preferred rates on savings and investment products, as well as on a mortgage for the purchase of your home

International Banking Services

International borders have never stood in your way. Now the same can be said about your money.

View all of your global HSBC accounts online with Global View and instantly transfer money between them with Global Transfers.

International banking made easy

Offered exclusively by HSBC, this feature allows you to manage your money freely and securely wherever you are in the world - at discounted rates.

  • Access your accounts with Global View 
    Why?
    • A single view of all accounts held at HSBC entity globally
    • Ability to access accounts held in multiple countries by single sign on HSBC
    • Available for your accounts in over 35 countries and territories
  • Transfer your money between accounts with Global Transfer
    Why?
  • Moving to Canada soon? Open a Canadian HSBC Advance account in the country in which you currently live with a 50% discount on international account opening fees

Open accounts in over 40 countries and territories around the world from your home country. Your money will be here and waiting for you in whichever part of the country your plans take you. You'll immediately have an active local account to pay local bills and/or deposit cheques. Learn more

Are you eligible for HSBC Advance for newcomers?

To be considered for HSBC Advance for newcomers, you must:

  • Be immigrating to Canada or have arrived in Canada within 3 years
    AND
  • Provide proof of landed immigrant status OR proof of foreign worker status

What happens after the first year?

Starting with the 13th month when your HSBC accounts are opened, the monthly fee of $25 will be waived for the HSBC Advance package when personal deposit and/or investments with HSBC in Canada are $25,000 CAD or more. Or, for $25 per month, there is no minimum balance requirement.

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 HSBC 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.

2 HSBC InvestDirect is a division of HSBC Securities (Canada) Inc., a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada. Member – Canadian Investor Protection Fund.

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

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

®3 THE EXCHANGE is a registered trademark owned by Fiserv Inc., licensed for use in Canada by FICANEX Services Limited Partnership.

© Copyright HSBC Bank Canada 2012. ALL RIGHTS RESERVED.