HSBC Advance

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HSBC Advance

To apply call toll-free 1-888-310-4722 or find a branch

Eligibility How to Apply

Manage your money like an expert
and build your wealth with HSBC Advance – a smart and dynamic all-round banking service

  • Simple and convenient
    Stay on top of your finances with Mobile, Internet and Telephone Banking.
  • Preferential rates and terms
    Take advantage of special rates on mortgages and savings.
  • Financial planning
    Access a financial adviser and ensure you're prepared for the future.
  • Lifestyle protection
    Take care of the people and things that are important to you.

To apply call toll-free 1-888-310-4722 or find a branch

EligibilityHow to Apply

HSBC Advance is available for:

  • No monthly fee if you have $25,000 or more in personal deposits and/or investments with HSBC Bank Canada or its subsidiaries, or obtain total aggregate personal mortgage balances of $150,000 or more with HSBC Bank Canada
  • OR for a monthly fee of $25 if the minimum balance requirements are not met

Eligible deposit and investment accounts include: Chequing, Savings, Tax-Free Savings, Guaranteed Investment Certificates (GICs), Registered Retirement Savings Plans (RRSPs), and investments with HSBC Bank Canada, HSBC Global Asset Management (Canada) Limited, HSBC Investment Funds (Canada) Inc. and/or HSBC InvestDirect.

Non-mortgage loans secured by an equity power mortgage, such as lines of credit, are not included.

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.