Get up to $1,500* in value when you bank with us

Open up a world of opportunities

Start with one of Canada’s best chequing accounts that let your money work harder

Get $0 monthly banking fees1 and a flexible minimum balance that you can place in any combination in any account. That means your money can grow in RRSPs, TFSAs, Savings and more, rather than sitting in a chequing account.

Get up to a $350 Welcome Bonus* in 3 easy steps:

When you choose an HSBC Chequing account, you can earn up to $300* plus an additional $50* when you apply for your new chequing account online.

Step 1: Open one of the following accounts below¹ by December 31, 2021
Step 2: Make a minimum deposit² within 30 days of account opening
Step 3: Register for online banking² within 30 days of account opening

HSBC Premier Chequing Account

Welcome bonus: $300*

Apply online to receive an additional $50*

 

A family bank account like no other - for you and your family - including priority service, exclusive privileges and global banking solutions.

Account Features

  • A premium chequing account with no monthly fee and unlimited transactions (available in CAD & USD) when eligibility criteria is met.

  • A dedicated Premier Relationship Manager as your one point of contact for all your banking needs.

  • Preferential rates and unique benefits. Extend the full benefits and privileges to your spouse or common-law partner by combining your balances (footnote to eligibility criteria below).

HSBC Advance Chequing Account

Welcome bonus: $200*

Apply online to receive an additional $50*

Account Features

  • No monthly fees1 for first 6 months and later when you deposit $5,000 minimum balance in any combination towards any product of your choice, including chequing, savings, RRSPs, TFSAs and more.

  • Unlimited account transactions including Free INTERAC e-Transfers®.

HSBC Student Chequing Account

Welcome bonus: $50*

Apply online to receive an additional $50*

 

An unlimited chequing account designed for today’s student.

Account Features

  • No monthly chequing fees for up to 5 years1.

  • No monthly minimum balance.

  • Access to a low annual fee credit card7.

  • Unlimited account transactions including Free INTERAC e-Transfers®.

HSBC Youth Savings Account

Welcome bonus: $50*

Help children develop good saving habits early in life with their own bank account.

Account Features

  • Earn daily interest from the first dollar, paid monthly.

  • No transaction fees.

  • Unlimited withdrawals & debits5.

  • Free INTERAC e-Transfers®.

Deposit+ amount: $1,000.

View eligibility criteria

Earn up to $250* in cashback when you set up your banking services

Payroll $100*: Set up recurring payroll deposits within 6 months of account opening
Pre-Authorized Debit $50*: Set up 2 pre-authorized debit transactions within 3 months of account opening
Bill Payment $50*: Make 2 online bill payments within 3 months of account opening
Foreign Currency Wires $50*: Send 2 global foreign currency wire transfers within 6 months of account opening

Unlock an additional $900* in cashback, savings and rewards

HSBC World Elite® Mastercard®: Earn up to 100,000 Points⁷ᵃ, ⁷ᵇ, ⁷ᶜ, ⁷ᵈ ($500 travel value) PLUS a full annual fee rebate for the Primary Cardholder for the first year⁷ᵉ. Must apply by January 31, 2022. Conditions Apply
Monthly banking fees: Save up to $209* in monthly banking fees¹ waived on Premier and Advance chequing accounts for up to 6 months and continue to enjoy no monthly fees when you maintain your minimum balance in any combination across any accounts
Safety Deposit Box: Open a safety deposit box at a branch within 6 months of account opening and receive $50*⁸ cashback

Please read Terms and Conditions for offer details:

Welcome Bonus Terms and Conditions

Credit Card Offer Details

Other ways to get started

Need to talk to us? Call 1-877-829-HSBC (4722)

 

Come visit us

Find a branch near you

Why HSBC?

$0 Monthly Banking Fees1

Enjoy one of the best chequing accounts in Canada with $0 monthly banking fees and the flexibility to place your minimum balance in any combination in any account. That means your money can work harder for you in an RRSP, TFSA, or Savings account, rather than sitting idle in Chequing.

 

Free INTERAC®9 e-Transfer

We waive the INTERAC e-Transfer fee when you transfer using your HSBC Canadian dollar chequing or savings account.

 

Overdraft Protection

Get coverage for occasional shortfalls in your HSBC Chequing account6 to fulfill your financial commitments up to your approved overdraft limit.  

 

Managing your money

Visit our Financial Wellness hub for a fresh, jargon-free approach to managing money, to help you prepare for a healthier future.

FAQs

Q: I already have an HSBC Account in Canada. Can I open another chequing account and take advantage of this offer?

A: No, this offer is only available to customers new to HSBC.

 

Q: Can I set up a recurring payroll online?

A: Unfortunately, No. Only your employer can set this up for you. You must provide them with your account information to get started.

 

Q: When will I receive my chequing welcome bonus?

A:  The chequing welcome bonus will be paid into your chequing account in the 6th month of account opening if you have met all the conditions of the offer.

 

Q: If I have a joint account with my partner, can we both receive a reward?

A: There is only one reward provided per joint account. Both joint account holders will not receive the rewards and only one reward per joint account will be paid.

*Terms and conditions apply. Offer value is composed of multiple products, valid until December 31, 2021.

+ Funds must be deposited and maintained as total relationship balance for a minimum of three months to receive the welcome bonus

 

1 Eligibility requirements apply. HSBC Premier requires you to have an active HSBC Premier chequing account, and maintain combined personal deposits and investments with HSBC Bank Canada and its subsidiaries of $100,000 or greater, or hold a personal HSBC Bank Canada residential mortgage with original amount of $500,000 or greater, or have income deposits of $6,500 within a calendar month plus confirmation of $100,000 or more in assets under management in Canada. A monthly fee of $34.95 will be charged if you do not meet at least one of the eligibility criteria above six months after account opening. 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 $5,000 or hold personal HSBC Bank Canada residential mortgage balances of $150,000 or greater. Some exclusions apply. A monthly fee of $25.00 will be charged if you do not meet at least one of the eligibility criteria above six months after account opening. 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.

 

2 The funds used to make a deposit in the account to meet the Total Relationship Balance condition must be new to HSBC, and come from a source other than any sole or joint account held with HSBC, including deposit accounts (such as Chequing, Savings, Term Deposit and Registered accounts) or investment accounts (such as mutual funds, World Selection Portfolio, Portfolio Investment Management accounts and InvestDirect balances).

 

3 Proper identification and/or additional verification is required for emergency card replacement and emergency encashment. Emergency cash received will be deducted from the HSBC account specified by the client during the request. Some countries may have additional requirements and restrictions.

 

4 Debit card fees for withdrawals at Canadian ATMs – No HSBC Bank Canada charge, unlimited number of rebates ($2.00 each) on surcharges you pay at other banks. Debit card fees for withdrawals at Canadian ATMs – No HSBC Bank Canada charge. 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.

 

5 Maximum rebate of $2.00 per transaction when you use a non-HSBC or non-EXCHANGE Network ATM in Canada.

 

6 In addition to the Overdraft fees which are set out in the Credit Agreement - Line of Credit or Overdraft, HSBC Chequing account service charges apply. Details of applicable service charges can be found in the Personal Service Charges/Statement of Disclosure. Terms and conditions of the Credit Agreement – Line of Credit or Overdraft and Personal Banking Agreement apply. HSBC Overdraft Protection is subject to standard credit approval.

 

7a Applicable to all HSBC World Elite Mastercard & HSBC Premier World Elite Mastercard offers. These offers are available to successful applicants who have not, in the 12 months prior to submitting the application, held an HSBC World Elite Mastercard, HSBC Premier World Elite Mastercard or HSBC Jade World Elite Mastercard credit card account. Only one new or upgraded account per customer is eligible for these offers. All bonuses referred to in this document may be changed, withdrawn or extended at any time and cannot be combined with any other offer, except the offers described here and offers that state that they can be combined with an HSBC credit card welcome bonus offer. The HSBC World Elite or HSBC Premier World Elite Rewards Program Terms and Conditions apply. Account opening is subject to our standard credit review and approval meeting our standard account opening requirements, meeting the following income/asset eligibility requirement: (1) a minimum of $80,000 in annual personal income (before taxes) or $150,000 in annual household income (before taxes) or (2) a minimum of $400,000 in assets under management (based on liquid, investable assets with financial institutions in Canada) and additional conditions listed for the specific offers below. The Welcome Bonus is 20,000 Points for the HSBC World Elite Mastercard or HSBC Premier World Elite Mastercard. The Welcome Bonus will be awarded only if your application for a new or upgraded HSBC World Elite Mastercard or HSBC Premier World Elite Mastercard is approved. The Welcome Bonus is earned when you make the first purchase on your account following account opening or upgrade. The Welcome Bonus will be credited in accordance with the Terms and Conditions of the HSBC World Elite Rewards Program or the HSBC Premier World Elite Rewards Program, as applicable. Limit of one Welcome Bonus per new or upgraded HSBC World Elite Mastercard or HSBC Premier World Elite Mastercard account.

 

7b “Net Purchases” means the total amount of your eligible purchases minus the total amount of returns you make (or similar credits applied to your account). If you are not a resident of Quebec, you can receive the additional 50,000 Points if you make eligible purchases in the aggregate amount of $6,000 or more within 180 days of opening or upgrading your account. If you are a resident of Quebec, you can receive the additional 80,000 Points if you keep your account open and in good standing for 180 days from your account opening or upgrade. This offer applies to approved HSBC World Elite Mastercard accounts for which an application is received between October 4, 2021 and January 31, 2022 and is not available for other types of HSBC credit cards. The additional Points are in addition to the Points earned on the eligible purchases at the earn rate listed in the HSBC World Elite Rewards Program Terms and Conditions. The additional Points will be awarded approximately 180 days after account opening or upgrade, will be credited in accordance with the Terms and Conditions of the HSBC World Elite Rewards Program and will appear in your HSBC Rewards Account within two statement periods of the day they are awarded. Your account must be open and in good standing on the day the additional Points are credited.

 

7c To receive the one-time additional 10,000 Points for adding your 1st Authorized User Card you must have applied for your HSBC World Elite Mastercard or HSBC Premier World Elite Mastercard account between October 4, 2021 and January 31, 2022. and you must add your first Additional Cardholder to your HSBC World Elite Mastercard or HSBC Premier World Elite Mastercard account by March 28, 2022. The additional Points will be awarded approximately 60 days after March 28, 2022 and will be credited in accordance with the Terms and Conditions of the HSBC World Elite Rewards Program or HSBC Premier World Elite Rewards Program and will appear in your HSBC Rewards Account within two statement periods of the day they are awarded. No additional Points will be awarded for any subsequent Authorized User cards added to the Account. Only one 10,000 1st Authorized User Bonus per account. The Primary Cardholder is responsible for all charges to the Account, including those made by any Authorized User. Your account must be open and in good standing on the day the additional Points are credited.

 

7d To receive the one-time 20,000 Anniversary Bonus Points you must have applied for your HSBC World Elite Mastercard or HSBC Premier World Elite Mastercard account between October 4, 2021 and January 31, 2022. Only one 20,000 Anniversary Point Bonus per account. You must keep your Account open, active and in good standing for twelve (12) consecutive months from the Account open date (“Anniversary Date”). The Anniversary Bonus Points will be awarded to your account the month following your 1st Anniversary Date and will appear in your HSBC Rewards Account within two statement periods of the day they are awarded. Your HSBC World Elite Mastercard account must be in good standing at the time Anniversary Bonus Points are awarded. No additional Points will be awarded for any subsequent Anniversary Dates. Only one 20,000 Anniversary Bonus Point offer per account.

 

7e This offer is only available to residents of Canada other than the province of Quebec. This offer applies to approved new and upgraded HSBC World Elite Mastercard accounts for which an application is received between October 4, 2021 and January 31, 2022. We will issue a one-time rebate equal to the annual fee charged to your HSBC World Elite Mastercard account for the Primary Cardholder in the first year. No credit will be issued for any supplementary card fees on your account. This rebate will appear as a credit against the annual fee within two statement periods of account opening or upgrade. Your HSBC World Elite Mastercard account must be open and in good standing at the time the rebate is applied. This offer is not transferable and cannot be combined with any other offer, except the offers described here and offers that state that they can be combined with other HSBC credit card offers. For clarity, the rebate will only apply for the first year in which you have the applicable HSBC World Elite Mastercard.

 

8 You 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

 

9 HSBC Bank Canada authorized user of the marks.