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Important updates and fee changes

Fee changes that may apply to you

Effective November 19, 2022

HSBC Premier

Account / Service Current Fee
New Fee

Paper statements (also see note below)

Free

$2 per statement/per month

HSBC Premier

Account / Service

Paper statements (also see note below)

Current Fee

Free

New Fee

$2 per statement/per month

HSBC Advance

Account / ServiceCurrent Fee Current Fee New Fee
Paper statements (also see note below)
Free $2 per statement/per month

HSBC Advance

Account / ServiceCurrent Fee Paper statements (also see note below)
Current Fee Free
New Fee $2 per statement/per month

Safety Deposit Box1

Account / ServiceCurrent Fee Current Fee New Fee
Size A – 1.5” x 5” $54 plus tax $60 plus tax
Size B – 2.5” x 5” or 3.25” x 5” $67.50 plus tax $75 plus tax
Size C – 2.5” x 10” or 5” x 5” $130.50 plus tax $145 plus tax
Size D – 5” x 10.4”
$225 plus tax $250 plus tax
Size E – 10” x 10.4” $288 plus tax $320 plus tax
Size F – 10” x 16” $423 plus tax $470 plus tax

Safety Deposit Box1

Account / ServiceCurrent Fee Size A – 1.5” x 5”
Current Fee $54 plus tax
New Fee $60 plus tax
Account / ServiceCurrent Fee Size B – 2.5” x 5” or 3.25” x 5”
Current Fee $67.50 plus tax
New Fee $75 plus tax
Account / ServiceCurrent Fee Size C – 2.5” x 10” or 5” x 5”
Current Fee $130.50 plus tax
New Fee $145 plus tax
Account / ServiceCurrent Fee Size D – 5” x 10.4”
Current Fee $225 plus tax
New Fee $250 plus tax
Account / ServiceCurrent Fee Size E – 10” x 10.4”
Current Fee $288 plus tax
New Fee $320 plus tax
Account / ServiceCurrent Fee Size F – 10” x 16”
Current Fee $423 plus tax
New Fee $470 plus tax

New fees are applicable to any new safety deposit boxes opened from November 19, 2022 onwards and will be prorated.2

Existing safety deposit boxes will be charged the new fee when we collect the annual fee in 2023.

Paper statement fees (applicable to both HSBC Premier and HSBC Advance)

You will not be charged a paper statement fee if:

  1. your paper statement contains overdraft protection or line of credit information;
  2. you are 19 years old or younger, or 60 years old or older;
  3. your paper statement includes a Youth Savings, Student Chequing, Performance Chequing Limited, Performance Activity, or Performance (formerly Performance Plus) account.

The fee for the optional service cheque image return with statement is in addition to any paper statement fee.

You have the option of getting online statements (for past 7 years) and cheque images (for past 180 days) for free in online banking. Register for online banking at hsbc.ca and select online statements.

Other fees

Account / Service Current Fee New Fee
Monthly fee for Performance (formerly Performance Plus)3 $2 $4
Monthly fee for Performance Activity3 $3 $5
Monthly fee for Performance Chequing – Standard3 $7.95 $9.95
Account transaction fees4 $1 $1.25

Debit card fees for withdrawals

  • At Canadian ATMs (other than HSBC and THE EXCHANGE®5 Network)
$1.50 $2

Other fees

Account / Service Monthly fee for Performance (formerly Performance Plus)3
Current Fee $2
New Fee $4
Account / Service Monthly fee for Performance Activity3
Current Fee $3
New Fee $5
Account / Service Monthly fee for Performance Chequing – Standard3
Current Fee $7.95
New Fee $9.95
Account / Service Account transaction fees4
Current Fee $1
New Fee $1.25
Account / Service

Debit card fees for withdrawals

  • At Canadian ATMs (other than HSBC and THE EXCHANGE®5 Network)
Current Fee $1.50
New Fee $2

HSBC Bank Canada

1 Subject to availability. Safety deposit boxes are not available at all branches, and may not be available in all sizes. We only offer Safety Deposit Box services, including access to your box and key/lock replacement, during regular branch hours. Branch hours vary by location and are listed on hsbc.ca.

2 For newly licensed boxes, the annual license fee is prorated for the balance of the first calendar year on a daily basis. For subsequent years, the annual license fee will be collected on January 22. Your safety deposit box must be opened under the Premier package to enjoy preferred pricing.

3 Accounts we maintain but no longer sell.

4 Account transaction fees relate specifically to Performance Chequing Limited, High Rate Savings Account – US Dollar, TFSA – High Rate Savings Account, Performance Activity, Performance Chequing – Standard, Performance Chequing - Student, Performance 60, Investment Savings, Regular Savings and Foreign Currency Savings – US Dollar. Some accounts include a set number of free transactions (withdrawals and debits) per monthly statement cycle.  Transaction fees will be charged after the free transactions have been used. Account transaction fees for US Dollar accounts are reflected in USD.

®5 THE EXCHANGE and Accel are registered trademarks owned by Fiserv Inc. licensed for use in Canada by FICANEX Services Limited Partnership.

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