Fee changes that may apply to you effective April 15, 2019

Account / Service Current Fee
New Fee
Performance Chequing – Student account (no longer sold)
Monthly fee is waived if you keep a minimum balance of $2,000 during the entire monthly statement cycle
Monthly fee is waived if you keep a minimum balance of $2,000 during the entire monthly statement cycle
Cheques and bank drafts deposited to your account and then returned

• Free – Due to Non-Sufficient Funds

• $5.00 per item – Any other reason

$7.00 per item – Any reason

Account Services

• Bank confirmation

• Copy of tax records (other than receipts)

• Reference Letter

 

Search and copy records 

• more than 60 days after transaction

 
$50 per hour ($35 minimum)

$30 per hour ($17.50 minimum)

$30 per hour ($17.50 minimum)

 

 

 

$30 per hour ($15 minimum) plus tax

 
$50 per hour*

$30 per hour plus applicable tax*

$30 per hour plus applicable tax*

 

 

$30 per hour plus applicable tax*

* Charged based on actual time spent.

Cheques deposited to your account drawn from an account outside Canada (per request)
0.20% of deposit amount (minimum charge of $30 up to a maximum of $150)
• $30 – deposits under $20,000*
• $75 – deposits between $20,000 and $75,000*
• $150 – deposits over $75,000*
* In CAD equivalent

Transfers to your own HSBC deposit account (CAD currency) for:

• High Rate Savings Account - Canadian Dollar

• TFSA - High Rate Savings Account

• Investment Savings (no longer sold)

Free

 

• Free through HSBC Online or Mobile banking, or at ATMs 

• Standard account transaction fees apply in-branch and Telephone Banking  

Fee changes that may apply to you effective April 15, 2019

Account / Service Performance Chequing – Student account (no longer sold)
Current Fee
Monthly fee is waived if you keep a minimum balance of $2,000 during the entire monthly statement cycle
New Fee
Monthly fee is waived if you keep a minimum balance of $2,000 during the entire monthly statement cycle
Account / Service Cheques and bank drafts deposited to your account and then returned
Current Fee

• Free – Due to Non-Sufficient Funds

• $5.00 per item – Any other reason

New Fee
$7.00 per item – Any reason
Account / Service

Account Services

• Bank confirmation

• Copy of tax records (other than receipts)

• Reference Letter

 

Search and copy records 

• more than 60 days after transaction

Current Fee

 
$50 per hour ($35 minimum)

$30 per hour ($17.50 minimum)

$30 per hour ($17.50 minimum)

 

 

 

$30 per hour ($15 minimum) plus tax

New Fee

 
$50 per hour*

$30 per hour plus applicable tax*

$30 per hour plus applicable tax*

 

 

$30 per hour plus applicable tax*

* Charged based on actual time spent.

Account / Service Cheques deposited to your account drawn from an account outside Canada (per request)
Current Fee
0.20% of deposit amount (minimum charge of $30 up to a maximum of $150)
New Fee
• $30 – deposits under $20,000*
• $75 – deposits between $20,000 and $75,000*
• $150 – deposits over $75,000*
* In CAD equivalent
Account / Service

Transfers to your own HSBC deposit account (CAD currency) for:

• High Rate Savings Account - Canadian Dollar

• TFSA - High Rate Savings Account

• Investment Savings (no longer sold)

Current Fee

Free

 

New Fee

• Free through HSBC Online or Mobile banking, or at ATMs 

• Standard account transaction fees apply in-branch and Telephone Banking  

Standardization of transaction fees to $1.00

Some of our chequing accounts include a set number of free transactions (withdrawals and debits) per monthly statement cycle. In some cases, we were not consistently charging the current fee for both CAD and USD accounts. Starting April 15, 2019, the new fee below will be charged after the free transactions have been used.

Chequing Accounts

Chequing Account # of Free Transactions Account Transaction Current New

Performance Chequing – Limited
(CAD/USD)

Performance Activity

(CAD/USD) (no longer sold)

Performance Chequing – Standard

(CAD/USD) (no longer sold)

Performance Chequing –Student

(CAD) (no longer sold)

Performance 60

(CAD/USD) (no longer sold)

14 transactions per month




None


40 transactions per month



40 transactions per month



16 transactions per month

After your free transactions, we charge a fee for withdrawals and debits, including:

• through HSBC Online, Telephone, Mobile banking

• at ATMs (standard debit card fees apply)

• Interac®1 debit purchases at retailers across Canada

• pre-authorized debits and bill payments

• clearing cheques

• transfers to HSBC deposit accounts (CAD currency) in same customer name

• transfers to another HSBC customer




$0.60

 

$0.60

$0.60

$0.60

$0.75
$0.60


$0.60












$1.00 for all additional transactions

Chequing Accounts

Chequing Account

Performance Chequing – Limited
(CAD/USD)

Performance Activity

(CAD/USD) (no longer sold)

Performance Chequing – Standard

(CAD/USD) (no longer sold)

Performance Chequing –Student

(CAD) (no longer sold)

Performance 60

(CAD/USD) (no longer sold)

# of Free Transactions

14 transactions per month




None


40 transactions per month



40 transactions per month



16 transactions per month

Account Transaction

After your free transactions, we charge a fee for withdrawals and debits, including:

• through HSBC Online, Telephone, Mobile banking

• at ATMs (standard debit card fees apply)

• Interac®1 debit purchases at retailers across Canada

• pre-authorized debits and bill payments

• clearing cheques

• transfers to HSBC deposit accounts (CAD currency) in same customer name

• transfers to another HSBC customer

Current




$0.60

 

$0.60

$0.60

$0.60

$0.75
$0.60


$0.60

New










$1.00 for all additional transactions

Savings Account

Savings Account Account Transaction Current  New
Investment Savings
(no longer sold)


Regular Savings
(no longer sold)
Withdrawals and debits, including:
• through HSBC Online, Telephone, Mobile banking
• at ATMs (standard debit card fees applicable)
• Interac®1 debit purchases at retailers across Canada
• pre-authorized debits and bill payments
Regular Savings only - transfers to HSBC deposit accounts (CAD currency) in same customer name
• transfers to another HSBC customer

$0.85

$0.85

$0.85

$0.85
$0.85


$0.85





$1.00 for transactions in this table

Savings Account

Savings Account Investment Savings
(no longer sold)


Regular Savings
(no longer sold)
Account Transaction Withdrawals and debits, including:
• through HSBC Online, Telephone, Mobile banking
• at ATMs (standard debit card fees applicable)
• Interac®1 debit purchases at retailers across Canada
• pre-authorized debits and bill payments
Regular Savings only - transfers to HSBC deposit accounts (CAD currency) in same customer name
• transfers to another HSBC customer
Current 
$0.85

$0.85

$0.85

$0.85
$0.85


$0.85
New




$1.00 for transactions in this table

Cheque image return for Performance Chequing – Limited accounts – effective April 15, 2019

We will no longer waive the cheque image return service fee ($2.50 per month). The fee will be charged for all Performance Chequing - Limited accounts, including those held by customers with no internet access. If you want to cancel this service, you can visit one of our branches or call Telephone Banking.

As an alternative to this service, you can view images of your cheques for free by logging on to Online Banking at hsbc.ca. Cheque images can be viewed for 100 days from the date they were posted. If you are not registered for Online Banking, visit hsbc.ca/pib to learn more.

Receiving money by wire transfer

Previously, we have not consistently charged a fee for receiving money by wire transfer. Starting April 15, 2019, we would like to remind you that there is a $15.00 fee applicable for receiving money by wire transfers.

How we apply ATM rebates and debit card fees for HSBC Premier and Advance

Previously, the rebates/fees below were applied to accounts linked to your HSBC Premier or Advance debit card. Starting April 15, 2019, they will only apply to your HSBC Premier or Advance chequing account(s) or Premier Youth High Rate or Savings (no longer sold) accounts. Also, rebates will only apply to ATM withdrawals made in Canada.

For all other accounts, standard debit card fees will apply and no ATM rebates will be given as per our Personal Service Charges Statement of Disclosure.

ATM service

ATM Service

Premier Chequing

Advance Chequing Premier Youth – High Rate Savings
Premier Youth Savings
(no longer sold)
Withdrawals at all ATMs in Canada
Free Free

$1.501
Free

Rebates on surcharges you pay other banks for withdrawals made at all ATMs in Canada except HSBC and THE EXCHANGE®2 Network. Maximum $2.00 each.
Unlimited 5 rebates per month None Unlimited

Withdrawals at all ATMs outside of Canada
No HSBC Bank Canada charge1
$5.001 $5.001
$5.001

ATM service

ATM Service Withdrawals at all ATMs in Canada

Premier Chequing

Free
Advance Chequing Free

Premier Youth – High Rate Savings
$1.501
Premier Youth Savings
(no longer sold)
Free

ATM Service Rebates on surcharges you pay other banks for withdrawals made at all ATMs in Canada except HSBC and THE EXCHANGE®2 Network. Maximum $2.00 each.

Premier Chequing

Unlimited
Advance Chequing 5 rebates per month
Premier Youth – High Rate Savings
None
Premier Youth Savings
(no longer sold)
Unlimited

ATM Service Withdrawals at all ATMs outside of Canada

Premier Chequing

No HSBC Bank Canada charge1
Advance Chequing $5.001
Premier Youth – High Rate Savings
$5.001
Premier Youth Savings
(no longer sold)
$5.001

Our Personal Service Charges Statement of Disclosure will be updated with the fee changes on April 15, 2019. You can get a copy at hsbc.ca/documents or at any of our branches.

If you have questions about any of these changes, call us at 1-888-310-4722. Thank you for your continued business.

1 We charge debit card fees on top of account transaction fees, where they apply. Other banks, including HSBC entities, may charge additional ATM surcharges.

®1 Interac e-Transfer is a registered trade-mark of Interac Inc. Used under license.

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