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Get up to a $600* Small Business welcome bonus

HSBC Fusion connects your small business with the right products, services and expertise, so we can turn opportunities into possibilities.

With HSBC Fusion, you can manage your small business and personal accounts in one place

Discover a range of products & services tailored for your small business, and receive our best Small Business welcome bonus up to $600* in three steps.

Here’s how to get started

1. Open a Small Business Chequing and a Savings account and get $200*. If you open both accounts online, get an additional $100*. Plus, earn a bonus total interest of up to 2.50%¹ on new deposits to your new Small Business Savings Account²
2. Register and login to HSBCnet and get $100*
3. Open an HSBC BusinessVantage® Mastercard® and get $200*

1. Open a Small Business Chequing and a Savings accounts together online

Receive up to a $300* welcome bonus

Receive a $200* welcome bonus when you open a Chequing and a Savings account and maintain a $5,000 minimum monthly balance in either or both accounts for the first 3 months. Plus, get an extra $100* if you open the Chequing and Savings accounts online.

 

Chequing Accounts

  • HSBC Start Chequing - a low fee option for businesses just starting out with a $5 monthly fee and up to 10 transactions per month.

  • HSBC Smart Chequing - best for businesses that require additional transactions with a $30 monthly fee and up to 60 transactions per month.

  • HSBC Unlimited Chequing - all the benefits of the Smart Chequing account plus unlimited transactions with a $60 monthly fee.

Get your monthly account fee waived on up to 5 HSBC Small Business Chequing accounts when you meet a minimum Total Relationship Balance (TRB) across your personal and business accounts. For full details about small business accounts, please refer to the fees and service charges guide.

 

Savings account

  • Open a HSBC Small Business Savings Account and watch your money grow. Earn on tiered, competitive interest rates with a $0 monthly fee and no minimum balance required to start earning interest.

Earn a bonus interest on new deposits to your HSBC Small Business Savings Account

Get up to 2.50%1 total interest rate per annum on new deposits2 to your HSBC Small Business Savings Account until November 30, 2022. That’s a bonus interest rate of 0.75%1 until the end of the promotion period on top of your regular interest rate on all new deposits.

 

Important information

2. Register and login to HSBCnet

Receive a $100* bonus when you register for HSBCnet and login within the first 30 days of opening a Small Business Chequing Account.

3. Open an HSBC BusinessVantage® Mastercard®

Get a $200* bonus when you spend $2,000 on eligible purchases within the first 90 days of opening the Mastercard® account.

Award-winning small business banking

Winner of “Best Small Business Bank in Canada” by Cosmopolitan Business Awards 2022.5

What you need to know before applying

  • To open an account, your business must qualify for HSBC Small Business3

  • Make sure you’re comfortable with the fees and service charges relating to the account you choose. You can refer to our fee guide

  • This tool requires a minimum of one chequing account be opened. If you are looking for other products, please get in touch with one of our Business Relationship Managers

  • Ensure you have an ability to scan documents on the device/computer you are using to complete the journey

Multiple ways to get you started

Need to talk to us? Call 1-877-955-HSBC (4722)

Find a branch near you

Get up to $5004 when you open a Personal Chequing Account

With HSBC Fusion, manage both your small business and personal chequing accounts in one place, so you can spend more time running your business and less time managing your banking. Learn more about HSBC Fusion.

Open a personal chequing account online today!

HSBC Small Business Savings Account Important Information

Q: Who qualifies for the offer?

- Offer is open to new and existing HSBC customers with New Deposits2 up to $4,999,999.99 in a Canadian dollar HSBC Small Business HRSA from May 3, 2022 to November 30, 2022.

- Bonus interest is earned on New Deposits2 of up to a combined $4,999,999.99 in all of a customer’s Small Business HRSAs, i.e. the limit is not per HSBC Small Business HRSA.

 

Q: Which accounts don’t qualify for the offer?

Only the CAD HSBC Small Business High Rate Savings Accounts qualify for the bonus interest.

If you deposit into chequing or other types of savings accounts, they will not qualify for bonus interest. For example, these accounts don’t qualify for the bonus interest:

- Foreign currency accounts, including USD

- Small Business Term Deposits and GICs (redeemable & non-redeemable)

- Small Business Trust Accounts

 

Q: How does the bonus interest work?

- Bonus interest will be earned on New Deposits2 in your Small Business HRSA on top of the regular interest during the promotion Period. Bonus Interest earned on New Deposits2 is 0.75% per annum, calculated daily on the daily closing balance of the New Deposits2 and paid monthly.

- If you have multiple CAD HSBC Small Business High Rate Savings Accounts, you can accrue bonus interest on New Deposits2 in each of those, but bonus interest will be added together and paid into the HSBC Small Business HRSA first opened.

- Bonus interest is earned on New Deposits2 of up to a combined $4,999,999.99 in all of a customer’s HSBC Small Business HRSAs, i.e. the limit is not per HSBC Small Business HRSA.

 

Other things you should know

 

Deposits with HSBC at the close of business day on May 2, 2022 are not considered New Deposits2 and do not qualify for the Bonus Interest.

 

- “New Deposits” means the portion of the daily closing balance of your CAD Small Business HRSA during the Promotion Period which is the lower of the following two amounts:

    - the balance increase in Total Deposits from the close of business on May 2, 2022.

    - the balance increase in Small Business Savings Balance from the close of business on May 2, 2022.

 

If the lower of the two amounts is zero, then the New Deposits are zero. Refer to terms and conditions for examples on how interest is calculated.*

 

- If you close your CAD Small Business HRSA during the promotion period and don’t have another CAD Small Business HRSA open, any calculated but unpaid bonus interest on New Deposits2 will be forfeited.

 

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Terms and Conditions

* Terms and Conditions apply. Offer ends November 30, 2022.

 

1 Rates are as of October 14, 2022 and subject to change. The Regular Interest Rate is calculated daily and paid monthly.

 

2 “New Deposits” means the portion of the daily closing balance of your CAD Small Business High Rate Savings Account during the Promotion Period which is the lower of the following two amounts:

1) The balance increase in Total Deposits from the close of business on May 2, 2022, and

2) The balance increase in Small Business Savings Balance from the close of business on May 2, 2022.

 

3 To be eligible for HSBC Small Business Banking, your business must be a sole proprietorship, partnership or corporation domiciled in Canada and generate an annual gross revenue below $5 million CAD. Other requirements may apply.

 

4 Terms and conditions apply. Offer value is composed of multiple products, valid from May 16, 2022 to December 31, 2022.

 

5 For Cosmopolitan The Daily award information, visit site: https://cosmopolitantdaily.com/awards/award-winners-2022/

 

® Trade-mark of Interac Inc. Used under license.

 

® Mastercard, Cirrus and Mastercard Easy Savings are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated.

 

® HSBC BusinessVantage is a registered trademark of HSBC Holdings plc used under license by HSBC Bank Canada.

 

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