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Aaron

Any hope of getting HSBC to post a bonus manually if it doesn’t post automatically? Is contacting HSBC about the bonus not posting a dead end?

Aaron

Bumping this. Any hope of reaching out to HSBC and successfully getting them to post a bonus manually if it doesn’t post automatically?

Theels34

Has anyone been hit with a monthly maintenance fee lately I didn’t have any but I just saw one now how do I get around this I don’t have a direct deposit from employer that’s $5000 monthly

Aaron

Anyone receive a June bonus yet this month?

John

Was wondering the same. Also, has anyone who has not received a bonus yet had any success communicating with HSBC?

Josh

Turned off adblock looking at the HSBC site to see if a chat icon would pop up, and noticed an offer

Starting 04/01/2021, you can earn up to $180 ($30 max per month) over six consecutive months when you start using HSBC for your everyday transactions. Offer ends 09/30/2021.

It pays as $15 for using debit card 10x and $15 for using bill pay 3x.

Aaron

Has the round of bonuses for May posted yet?

Still waiting on mine after opening in December. Already received referral bonuses and P2 got theirs $600 credit like two months ago.

Aaron

Any suggestions for getting a stubborn bonus to post? Hoping to avoid getting charged the $50/mo maintenance fee when the 6mo fee waiver for these accounts expires.

Waterlili

Argh. Still no $600 bonus for me either.

Aaron

Any way to get HSBC to post a bonus manually if it isn’t showing up or is this deal a complete dead end if the bonus doesn’t post automatically?

From DOC

This offer ends June 30, 2021.Get 3% Cash Bonus

 (up to $600) for new customers who open an eligible HSBC Premier

 checking account with qualifying activities.
This offer is available only online for applications completed using the Apply now button on this webpage. Applications submitted through other pages on our website will not qualify for this offer.
To qualify for 3% Cash Bonus (rounded up to the nearest dollar) on Qualifying Direct Deposits up to $600 ($100 max per month), during the first 6 calendar months after account opening you must: (1) open your new HSBC Premier checking account from April 1, 2021 through and including June 30, 2021 and (2) set-up recurring Qualifying Direct Deposits from a third party to an HSBC Premier checking account at least once per calendar month for 6 consecutive calendar months following account opening month. The 6 calendar months from account opening begins with the first full calendar month after your Premier checking account is opened. You will automatically receive the 3% Cash Bonus in your new HSBC Premier checking account approximately eight weeks after completing that month’s qualifying activities. Qualifying Direct Deposits are electronic deposits of regular periodic payments (such as salary, pension, Government Benefits or other monthly income) made into your HSBC Premier checking account from third parties at least once per calendar month. Customers who held an HSBC consumer deposit or investment account from March 31, 2018 through and including March 31, 2021 are not eligible for this offer. 
To qualify for an HSBC Premier relationship, you need to open an HSBC Premier checking account and maintain:

  • Balances of $75,000 in combined U.S. consumer and qualifying commercial U.S. Dollar deposit and investment* accounts; OR
  • Monthly recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s); 
MHS

DP – Bonus-earning and account-closing data points:
– 9/8/2020 – Account (Premier Checking) opened
– 10/19/2020 – $5,000+ transferred in from PNC
– 11/12/2020 – $600 bonus deposited into account
– between the 16th and 22nd of each month through 3/17/2021 – $5,000+ transferred in from PNC
– 4/21/2021 – Requested that account be closed (via phone call).
– 4/22/2021 – Account closed

WaterLili

No bonus here either.

Since I did legit work DD + Schwab push, I called the premier customer service to ask. The 2 agents I spoke with both said, the bonus will pay 2 months after maintaining 3 months the $5K DD requirement. It seems many got their $600 bonus quickly but some must wait up to 8 weeks after the 90-days for the bonus.

1/6/21: Account Opened
1/12/21: Pushed $5300 from Schwab Checking
1/15/21: pushed $5000 from Schwab Checking
1/19/21: work DD
1/29/21: work DD
2/12/21: work DD
2/16/21: Pushed $5000 from Schwab Checking
2/26/21: work DD
3/9/21: $100 share the experience bonus posted, but no $600
3/15/21: pushed $5000 from Schwab checking
3/15/21: work DD
3/31/21: work DD
4/15/21: work DD
4/15/21: pushed $5K from Schwab checking

Last edited 1 year ago by WaterLili
Michael

No bonus for me. 6 $5k+ pushed exclusively from Capital One, but nothing. I received my $100 referral bonus last month though. And the person I referred got his $600 last month with transfer from Capital One exclusively.

Jay

I’ll repeat this sentiment. I did an account for me and another for my wife. I received the bonus 2 months ago. She has not received hers. The transfers were the exact same.

Michael

Are you going to keep trying until 6-month grace period is up?

fivegirls

I got a bonus, but it was only $400! I applied on 1/26 when the bonus was still $600, using the referral code and everything as describe here. I’m super frustrated, but I’m dreading trying to call and get it straightened out. The first call took me two hours, and I’m afraid this would be just as bad. Has anyone else been given the lower bonus amount?

John

Account opened in December. 4x $5000 push transactions from Ally since. No bonus yet. Planning on contacting HSBC this week.

LAKERS

When you do fake DD don’t expect HSBC to reward you. That’s the gamble WE all take.

Aaron

Anyone have a bonus post yet this month (April)?

WaterLili

Nope. I didn’t see bonus in mine yet…

D.W.

P2 still hasn’t gotten her bonus. Opened account 1/28/21 I believe, so I’m hoping it comes in the next couple of days, otherwise I may have to just call it.

D.W.

Oh I just meant “call it” like forget about it. I don’t plan on actually calling about it, especially since P2 would have to do it and she hates calling banks.

Waterlilinyc

Yep, I hope to get the bonus when it’s paid for April. My referrals P2 and P3 also haven’t received their bonuses.

WaterLili

Still nothing…

Aaron

Anyone see April bonuses post yet ?

Waterlilinyc

Still nothing for me…

justmeha

got the $15 bill pay bonus on 4/1 as well

p.s. cash app (and venmo etc. per chat) apparently doesn’t work for the debit card purchase bonus

GRAHME PEREZ

Hi Nick. So do you think it’s safe to close these accounts after the bonus posts? I didn’t notice any specific minimum time to leave account open.

rxgeek

Got my $600 & $100 bonuses one month after $5000 ACH from Ally. Worth the hours on the phone with the worst rep. P2 got her’s also but the rep was much better.

D.W.

Signed up using Samantha’s referral in January. I didn’t try to do *real* DD cuz I didn’t want to bother switching things up for me and P2, so I checked DoC for other methods that count. I figured even if it didn’t end up working, I don’t lose anything for trying. And it worked! I got my $600 bonus this week, and now I’m just waiting for P2 to get hers next month so I can get my extra $100 referral bonus. Thank you for the post and extra reminders to jump on this!

Captain Greg

Not to beat this dead horse, but has anyone closed? I’d be interested in hearing how soon someone did this after opening.

Captain Greg

Closed via chat today. It has been a little over 100 days since opening.

Josh

And no issues to report?

Captain Greg

Arrrggg, a pirate got his booty today! (actually, Pirate2)

12/31/20: Opened
1/20/21: Pushed $5122 from Chase
3/2/21: Pushed $5002 from Chase
3/9/21: Pushed $5012 from CapOne
3/9/21: $600 bonus posted

Pirate1 also got his referral bonus today. ARRRGG!

John

1/27/21: Account Opened
2/5/21: Pushed $5000 from Chase
3/3/21: Pushed $5000 from Chase
3/9/21: $600 bonus posted

LAKERS

Opened 1/7/21
Pushed 5k from Chase on 1/19 & 2/25. Got bonus today.

Gary

Opened: 1/10/21
1/12/21: $5K push from Capital One Money Market
2/26/21 $5K DD
3/9/21: Bonus Posted

Based on the timeline, I think that the Capital One push did NOT count. Just a guess though.

The question is, how long do we wait to close the account? 90 days from open? Or just after I’ve transferred out the funds? I’d like to use the DD towards a couple other bonuses.

Last edited 1 year ago by Gary
Aaron

Had two $100 “SHARE THE EXPERIENCE EXISTING CUSTOMER OFFER” bonuses post to HSBC checking account.

Is this how the referral bonuses post?

Jay

1/28: Account opened
2/3: Pushed $5002 from CITI
3/9: Share the Experience $600 bonus posted

Michelle

1/9/21: Account Opened
1/20/21: Pushed $5035 from Schwab Brokerage
2/17/21: Pushed $5035 from Schwab Brokerage
3/9/21: $600 bonus posted

r2e

Bonus posted today. Opened account in November and starting pushing the 5k in January.

Waterlili

Anyone know if Schwab (p2p) transfers still work? I did them on 1/15 and 2/16 but haven’t gotten the bonus yet. Do they charge the $50 service fee in the 1st 90 days if there wasn’t $5K in direct deposit?

WaterLili

Thanks for your quick reply, Nick!

I opened the account on 1/6/2020, did the 2 Schwab transfers of $5K on 1/15 and 2/16. My work direct deposit was changed to HSBC but it didn’t meet the $5K right away. I had to make some adjustments to get the $5K so wasn’t sure if I’d still get the bonus.

I’ll sit tight and wait!

Lisa- Basic Travel Couple

They are really holding out on March’s bonuses posting. My parents opened an account in January and neither has gotten the $600 bonus yet.

Waterlili

Hopefully this week!!!

Waterlili

I didn’t get the $600 bonus. What did I do wrong?

1/6/21: Account Opened
1/12/21: Pushed $5000 from Schwab Checking
1/15/21: pushed $5000 from Schwab Checking
2/16/21: Pushed $5000 from Schwab Checking
3/9/21: $100 share the experience bonus posted, but no $600

Waterlili

Yes, I pushed the $5K from Schwab to my HSBC. I also have work DD on 1/15, 1/29, 2/12 and 2/26, in addition to the $5K Schwab.

I referred 2 family members but only received 1 bonus. Guess I’ll hope to get the $600 and additional $100 next month.

Aaron

Anyone see an HSBC bonus post today 3/1? Curious which day HSBC will pick to post their bonuses this month.

D.W.

Mine posted end of day 3/9/21

Kat mat

Same. Mine posted 3/9/21 as well

Jason

Has anyone closed their account yet?

Captain Greg

Yes….I want to know the same. I will definitely close the account after 90 days, but would like to do it sooner so I can free up the $5k.

justmeha

not yet and have not been charged for the past 5 months

Captain Greg

So you haven’t been maintaining the $5k deposits each month? How much do you have in the account?

Justmeha

No, at least not intentionally (I may have transferred in money for some of the months but definitely not all of them)
Anywhere between 1 cent and $10,000, though most of the time it’s closer to one cent

Captain Greg

My thinking is to just drain the account and then try to cancel. Or drain the account and just leave it and let them eventually cancel. How are they going to impose a maintenance fee or etf if there’s no money to take?

HoKo

@Greg – I would not risk that. There is nothing stopping them from imposing the fee and sending your account balance. Then they could threaten to send you to a collection agency and ruin your credit.

Much safer to just drain the account and then call them to close.

John

I’m seeing people mostly having success pushing $5K deposits from other accounts. I pushed $5K (standard not real time) from my Chase account. Has anyone had success using a Chase account?

LAKERS

Prior posts say it does and that’s what I’m doing.

Captain Greg

Opened this account on 12/10. Pushed $5000+ from fidelity on 12/18, from chase on 12/24 and 1/25, and from CapOne360 on 1/26. Share the experience bonus posted on 2/1.

Josh

Like some of the other commenters, my bonus also posted yesterday.

12/22/20: Opened
12/24/20: Pushed $5000 from Schwab Brokerage
1/15/21: Pushed $5000 from Schwab Brokerage
2/1/21: $600 bonus posted

Jason

Also got bonus today.

Account opened: 12/17
Schwab $5000 deposit: 12/22
Schwab $5000 deposit: 1/14
Bonus posted: 2/1

John Spieth

Got the bonus in both my accounts today. Here are my data points:

My account: Opened 12/8, Ally $5000 Deposit 12/12, Ally $5000 Deposit 1/13,
$5000 withdrawal 1/16, Bonus posted 2/1

Spouse account: Opened 12/23, Ally $5000 Deposit 12/30, Ally $5000 Deposit 1/13, $5000 withdrawal 1/16, Bonus posted 2/1

Chris T

Opened the account 12/30/20.

Deposited 5100usd via TransferWise in early Jan, another 5100usd via CapOne 360 later in Jan.

600 bonus posted today 02/01/2021

Gary

Curious, how long does it take to get the $100 after someone uses your referral link to sign up?

John

The rep on the phone told me that $5k of deposits is required per month for three consecutive months. Does anyone know if that’s true. I saw online that just one month is all that was needed if you opened up the account over the phone.

Waterlili

Today’s the last day of the $600 promotion but the business hours for the premier team is M-F. Is it not possible to open account over the phone today? Must one open the account at a branch today?

go_blue2

Successfully opened account this afternoon calling 866-788-5583 (the 716 number listed above disconnected me ~4 times). Process took just under an hour overall. Rep specifically told me that I needed direct deposits of $5k or more for 3 consecutive months to earn the $600 bonus. Thanks for the referral, Nick!

MRS

Similar experience, completed mine today after almost giving up. The rep mentioned it takes 1-2 days before my own Share the Experience referral code will be available. I checked the “My Services” section referenced by Nick and couldn’t find it, I guess I do have to wait. Does anyone else know of a different place to find it without waiting? My wife will sign up tomorrow with a pre-set appt with the banker that helped me today.

MIchael

My referral code posted online 2 days after I opened in a branch. It took forever over the phone and disconnected once I reach a rep so I just went to a branch instead.

MRS

Gotcha. Bummer, thanks!

CJ R

I called a few times and set up two appointments and never got a call back or someone to help me. As others said the line just rings and rings then hangs up. The non-direct way tried to reach the department as well with no luck which ended up with the two failed appointments.

Lord Dima

Keep trying. Once in a while you’ll be in luck and someone will pick up. Going through via any other route sends you to different department that may or may not transfer you properly, may or may not open the account properly for you, or may or may not set up an appointment that may or may not happen. From first hand experience with about half a dozen different numbers given to me in the process.

GaiaGeek

Some notes:

  • The 716-841-6408 number hung up on me twice in a row about a minute into the call. Third try I went with the 866-788-5583 number and, while less direct, got through.
  • Equifax must be unfrozen (I wish this had been mentioned in the post). Mine wasn’t and I now have to wait for a review by the fraud department and a rescheduled interview, although the person I spoke with was very nice.
  • The call is long, as they have to read Patriot Act statements and ask verification questions. Expect 30 minutes. Based on this alone, I would recommend going with the online application and dealing with the regular bank deposits if you’re on the fence.
marpa

Called today and opened immediately. Good rep.

Anita

If you want this offer don’t wait until the last day. I just called and had to make an appointment. The agent sent me an email with his calendar and helped me book it (not hard). First available time was in 2 days.

Jeff

DP-Did this Friday live W/O appointment. It does seem that whatever rep gets your initial call is your rep/account manager from that day forward. The rep you got might be trying to maximize inbound calls. Account wasn’t officially “opened” until Monday since I called at 3:15 EST. Did take about 45min on the call.

Last edited 1 year ago by Jeff
Jason

Still not seeing my referral code over a month after I opened my account. Anyone have to call in to get their referral code?

marpa

call the bank

Lord Dima

It is funky. I asked about it when opening the account and it showed up right away. Two others that opened with my code asked for theirs multiple times and never got it.

rxgeek

Great deal but certainly not “relative minimal effort”.

Lord Dima

Depends on the rep you get. First hand experience with four accounts and three different reps: 1hr 20 mins, 1hr 30min, 1hr+, last rep – 20 mins.

Ron

You must have a very well paying job to earn 400 dollars per hour. For the rest of us 2 hours on the phone for 600 is definitely worth it.

marpa

Did your transfers appear as Direct Deposits at HSBC or as ACH credit?
thanks

Aaron

Safe to downgrade to their “basic banking” checking option with the $1/month maintenance fee after the bonus posts?

Justmeha

Sure

Captain Greg

Why can’t you just close it?

Kat mat

Did you downgrade? Would you share your experience with us?

Pitstop

Gave the referral code to the rep, he said that first the account needs to be opened (I still need to sign the docs online), then the referral code is emailed to the Marketing dept. who is in charge of adding it to the account days later. Sounds OK or kind of strange? Is this how it was presented to you guys lately? TIA

Last edited 1 year ago by Pitstop
LAKERS

My rep asked for the referral code in the end(no marketing dept)before docusign.

Pitstop

Thanks for your feedback. Did he confirm the code was valid by any chance?

LAKERS

I used another bloggers referral code.

Captain Greg

My rep had me email him the code

dixieboz

Hi Nick! I just want to clarify something… If I put in 75K, do I still need to do the 5K DD for 3 months if I don’t want to pay the fee? Or is it 75K OR 5K DD to not have to pay the fee? Thank you!

LAKERS

The latter

[…] has an HSBC Premier account. You can use a friend or family member’s code or you can find a referral code on the internet. You’ll need to give the HSBC customer service rep the name of the referer their referral […]

Nuredin Ahmed Mummed

Help me please

Peter

Sounds like you guys are getting rich 🙂

Banker: “Is your referral from a friend or a blogger?”
Me: “Um… a friend of a friend…”
Banker: “Okay what is the name?”
Me: “Let me see.. Samantha Ax…”
Banker: “Yeah she’s a blogger. We are getting A LOT of applicants with her referral code.”

It’s not clear if the system has any bias toward blog-referred applicants, but my application went through and I didn’t even need to read out the code.

Thanks for sharing Nick!

Theels34

So just to clarify I opened an account with the referral code yesterday, if I successfully do a couple of 5K pushes from other checking accounts according to doc’s data points I should expect the bonus within the first month? How long do we have to keep the account open for? 15 days, 90, or 180 days?

Theels34

Hey Nick,

As always thanks for the help have most of the successful datapoints been ACH Pushes? have pulls worked? for some reason Charles Schwab doesn’t allow for quick linking with HSBC it doesn’t come up in the search of banks, you have to manually add your account number and routine number.

Captain Greg

As a general rule of thumb, you should assume all data points are pushes. I guess it doesn’t mean a pull won’t work per se, but you should always try to push. Whenever I look at DoC and see DD data points that mostly work with a few that don’t, I always assume that ones that didn’t work were people who pulled instead of pushed.

Lord Dima

I linked from Schwab using trial deposits without any issues. Took less than a couple of days for deposits to post. On Biz account, I believe they hit next day.

Gary

Question, I just signed up using your referral code. The lady mentioned that I needed to do 3 consecutive months of $5K deposits… is this a change?

ktw

Just FYI..while openning an acct, agnet told me many people called in have question related fake deposit, now they will manually examine each acct with real DD before bonus issue. Just past on the info..

LAKERS

My plan is to call tomorrow. Now I don’t know if I wanna open the $600 or just go for the $200.

ktw

I chatted with an agent for long time. She was very friendly and asked me why sooo many people use this same referred code and very curios what is going on. I told her i got it from my friend. She told me few times must use real DD and can not B-B transfer. She also told me lots of people called in why bonus not show after B-B transfer. From now on the bonus will be issued after 90 days bc they need time to verify for real DD. So I plan to use Real DD this time, not risk for it.

That is why Doctor kept emphasize NEVER CALL THE BANK IF NOT USE REAL DD. I thought that is common sense, but people seems not getting it. Anyhow, it seems like GAME OVER for HSBC.

justmeha

As I was reading this comment I was thinking “Hey I’m sure this has happened 100 times before and every time everybody panics, when are people going to learn the rule DROPR (Dont Rely On Phone Reps)”

But then I start feeling a little bit of doubt and decide to check my accounts, and I am happy to be the one to report that the bonus has posted for January on 01/06/2021 ( 1 $600 bonus and a few Referral bonuses as well, I’m not sure what their timetable is)

and yes if you are wondering their was no legit Direct Deposits involved, Duh!

either way congrets to the new round of guys who are $600 (or more) wealthier

justmeha

@Nick Reyes please update the post

LAKERS

Went for the $600. Called 855-472-0882 and only transferred once.

Aks

I have used ph # 866 to open Premier a/c using Nick’s reference.
It took 10 minute of initial screening and 30 minutes with Premier representative.
They will ask:

  1. Nicks’s reference and person name
  2. Driving license.
  3. Ask 4 questions from your credit report to verify your identity.

5k DD or 75,000 monthly balance to avoid $50 monthly charge.
You need to do above for 3 months to qualify for bonus.

Peter

Thanks for the DP. I just got through the first 10 minutes and was being transferred. Read your comment just now and realize I only have 15 minutes before my next meeting… hung up and will try again later.

kristin

successfully set up my account today. 761 phone # disconnected on me twice, but the 866 # worked. 10 minutes on hold, then about 35 minutes on the phone setting up the account. Now I need to figure out a way to convince P2 to do it, he is not going to be happy!

SamBam

Wife applied in early December. Full application. Since then a month of total radio silence from hsbc. We don’t know if the account was even opened. Don’t waste ur time.

SamBam

Nick, although we had emailed several times, ur suggestion to actually call did the trick. Thanks for ur perspective. Approved. Finally. Now gotta do the deposit thang. Keep up great work.

rxgeek

Same situation here. Did the phone interview on Jan 7 and haven’t received anything since. Calling tomorrow since they are closed today.

nadball

Thanks for the update. I knew there was something I forgot to do last week!

AAron

Spent 2 hours on the phone today trying to get through. Every single rep insisted on transferring me. Then 1/3 of the time I’d get another rep who wanted to transfer me again, 1/3 of the time I’d just get routed back to the base of the original phone tree and 1/3 of the time they’d just straight up disconnect me after saying they had another rep on the line who could assist me. Yikes.

Is it possible to open these accounts over the phone anymore? Is there a # other than 888.662.4722?

For what it’s worth I can dial reps directly (dif # with no ext # required), but no one picks up or responds to voicemail…

Josh

(866) 788-5583 is in the post, i just talked to an agent who gave me (855) 472-0882 for the Retail Relationship Department.

Aaron

We’re you able to successfully open an account with them retail relationship dept though?

Josh

I did the 5583 number personally and had luck. I tried today with p2 and they gave us the ring around but apparently the team that can do this wasn’t around anymore for the day. Well try back next week.

Jesse

Looks like this has been extended to 1/31/21!
Tried to open today but was on hold for an hour until they closed up shop :/

Jason

Opened new account on 17 December, still cannot find my referral link.
Under the “My Services” tab I only see “Personalized Checking”
Anyone have any ideas?

Jimmy

Visit this landing page and log into your account.
https://www.us.hsbc.com/share-the-experience/

Jason

Thanks, but I still don’t see it.

Jason

Can anyone share the “share the experience” url link, assuming it is not unique? No matter which browser I try, I cannot get that link and thus my referral code

Jason

Please see my original question. I do not see the “Share the experience” section under “My Services”

Thanks

Ron

Hey Jason, just joined because I was going through the same thing and for some reason uorigin (pop up blocker extension) was removing the link on the page. I used a browser with no pop-up blocker and was able to see the code after.

Jordan

“Consumers who currently hold, or have held in the past 3 years, an HSBC consumer deposit or investment account are not eligible.” — Does anyone know if this is from the date the previous HSBC account was opened, or from the date it was closed? I assume the latter, but no DP either way…

Hank

Maybe I am missing something, but I have read over this post a few times. Please let me know what I am missing from this statement?:
All I have to do, for a $600 bonus, is call the number given, given them the referral code in this post and within 8 weeks, the money shows up in my new account? I don’t have to do anything else, wire any funds, set up any direct deposit, nothing? thanks

Jake N

Theoretically you might be able to slide through like that, but most peiple seem to be opting to do $5k ACH deposit (or real DD if you can), and then after the first or second month the bonus may post. It’s still pretty easy considering you can move the same 5k in and out each month.

[…] The referral offer gives a $600 bonus after opening an account and meeting the Premier requirements within 90 days (either depositing $75K or having a monthly $5K direct deposit). The difference here is that this bonus has been posting for most readers within a month or two of completing the first direct deposit rather than requiring six months of deposits. See this post for a more detailed explanation and the comments for data points from readers: [Bonuses posting] HSBC: $600 bank account bonus available with easier requirements. […]

Captain Greg

Has anyone closed this account yet? Any issues or ETF? Doesn’t seem like there should be, but I would love to hear some confirmation.

Josh

Originally called the wrong number (the ones mentioned in the T&C and not the direct Premier number you specify. Lady did a One Time Passcode and transferred me, but failed in the transfer so it just hung up.

Noticed my mistake and called back the regular number – couldn’t proceed with the application b/c I had reached my limit for receiving one time passcodes for the day. But he did set up an appointment with me tomorrow where he’ll call me directly and proceed with the application from there, which is nice.

Slick Rick

Just got of the phone and rep said the offer was only available ‘in branch’. Anyone else experience this? I will try again later in the hopes being able to open over the phone.

Slick Rick

Thanks Nick! Will keep trying!

josefismael

How long did folks have to wait on hold for the Premier Account team? I called the (866) 788-5583, but had to get sent to the Premier account team from (what seemed like) a level 1 rep. Been waiting for 20 min now, and guessing it’s about quitting time for them

Last edited 1 year ago by josefismael
Aaron

Better to do 5k pushes to HSBC from a Schwab Brokerage account or from a legit credit union business checking account?

Last edited 1 year ago by Aaron
Erika Hamilton

Will two separate direct deposits of $2,500 work? It seems like it will as long as its within a month

Josh

Yes, I did a combo of DD and ACH push one month which totaled a bit more than $5k and it worked.

Erika Hamilton

Thanks

Gabe

I tried looking through the comments but couldn’t find if the direct deposits need to stay in the account or if you’re allowed to withdraw within a day or two of the deposits posting. For example, transferring the money out to another checking account? Also, is there no minimum balance required? Thanks in advance!

Josh

My ACH and DD deposits where in and out in a matter of days and had no issues.

Sulj

Greetings. Does anyone know if having a credit card with Hsbc within last 3 years disqualifies me from getting this bonus. Per terms it says “ Consumers who currently hold, or have held in the past 3 years, an HSBC consumer deposit or investment account are not eligible.” Does credit card fall into this???

Sulj

Thanks for the quick reply.

LTL

Applied 11/5. Direct deposit of $5k on 11/20. Direct deposit of $5k on 12/4.

12/8 $600 posted: SHARE THE EXPERIENCE NEW PREMIER CUSTOMER OFFER

Mike

Was that an actual Direct deposit or an ACH from another account?

Ron

I applied 2 and a half weeks ago. I’m still waiting for them to approve my account. When I inquired with the rep a couple of times he said the back office has not provided a status update. How does a company like this stay in business? If I was not doing this just for the bonus there’s no way I would bank with these bozos.

Captain Greg

To be clear, there doesn’t seem to be an early termination timeframe other than the 15 days? You can just close once the bonus posts?

Ben

My bonus posted:

Oct 23 – Account Opened
Oct 29- DEPOSIT FROM CAPITAL ONE N.A.-CAPITA LONE
Nov 9- DEPOSIT FROM PNCBK CK WEBXFR-P2P
Dec 8- DEPOSIT FROM CAPITAL ONE N.A.-CAPITAL ONE
Dec 8 – SHARE THE EXPERIENCE NEW PREMIER CUSTOMER OFFER

I’m guessing it was the two deposits initiated from Capital One that made it happen.

Justmeha

How much was each transfer?

Ben

$5,000

Justmeha

So it could have been pnc

Lord Dima

Has anyone tried closing the account? Any ETFs? Looks like business account terms state $25 ETF within 180 days (on DoC) but I couldn’t find anything regarding personal.

Also, has anyone opened both personal and fusion business accounts on the same call?

Mike G

I opened my account Sept 14th and still haven’t gotten my bonus. Wondering if this article will have any impact on future referrals or bonus posting timelines. Also wonder which bank would aquire their business in the US.

https://amp.ft.com/content/c6eb3f1a-9c84-47d9-a071-fa4f66c5113c

Josh

In 2P mode, can one person do the online deal of $700 total, $120 per month and then create a referral link for their P2? Seems that is about as good as you can do, $700 + 100 + 600 = 1400, if you are okay with “direct depositing” for 6-8 months?

Also my P2 hates talking to banks on the phone lol, so I would sign them up for the online account version and generate a referral link for me to use on the phone – if you think this would work out.

Last edited 2 years ago by Josh
Josh

Ohh you’re right, I must have been reading old DoC comments. Thanks for the clarification.

I think you’re right and sucking it up and calling in is better in this case.

Lisa K

Just opened one, thank you!

[…] little effort. Who can argue with eight hundred bucks in easy money? It isn’t as big a win as that HSBC account that could put $1300 in the collective pockets of a 2-player team, but given that the HSBC bonus may require a bigger […]

[…] HSBC has a refer-a-friend offer where they’ll give $600 to new Premier Checking customers. Then once you’re a customer you an refer others and earn more money, in addition to the $600 they’ll earn. (HT: Nick at Frequent Miler) […]

Tim

When is it OK to close this HSBC account? I have received my $600 + $100 bonuses and now need to move on to other opportunities (before I start seeing $50/month fees). What is the most efficient method to close the account?

John

Can you share your timeline? How many direct deposits of 5k did you do?

Tim

I did one DD on 10/30, $600 posted 11/12.

Captain Greg

When did you open? You only did one $5k DD?

Justin T

did you close?

Mike

Got mine done today 11/12. Used Samantha reference. Takes about 25-30min. Make sure you talk to Premier repr. and get the Premier acct. Likely need to be transferred and wait 5+ minutes. Great repr, but lots of details. Even the terms say EITHER $75k in acct OR direct deposits. They will ask for Driver Lic details, some questions from your credit bureau history, occupation, etc. – so have your data ready. Also your referral name and code. Then secured Terms and Agreements that your need to click on (along with verifif of your email, etc.) Also will need to send them (can do later) .pdf of utility bill. Once done, they send your acct # and you have to register to the web site (sort of lengthy process).

I did it all and got acct. Wanted to tranfer $$ from my broker, so once on line with account active, they do the 2 small deposits and let them know amounts in 1-2 day before you can transfer. You cannot electronically deposit a ck for over $10,000 – at least for a while.

Repr said bonus about 60 days after $75k received. I will leave in a bit longer. You do get a debit/ATM card and good for Europe ($1,000 withdrawal per day) as HSBC is there.

Repr was very friendly and not rushed. Keep and read all the emails they send.

Thanks, Nick, for all the helpful advice.

justmeha

9/25/20 – account opened
10/05/20 – ACH puch from discover saving. posted as:
DEPOSIT FROM DISCOVER
BANK-P2P
11/12 – Share The Experience $600 showing pending

Captain Greg

So you only pushed once?

Justmeha

Yes

ken

Called the premier line today. They said 75K is required for this bonus. 5K monthly DD is only for waiving the fee. Anyone else get this response?

Mike

$75k OR $5,000 direct deposits each month. per terms on the agreement. Also required one or other to avoid monthly fees.

John

This is a bit confusing. The post says simply open the account and you’ll receive $600 – more or less.

In the comments section, everyone’s doing a direct deposit of 5k.

Is a direct deposit necessary to receive the bonus?

Justmeha

We are not sure if you need a direct deposit or not. To be safe out seems most people did fake a DD

Michael Cleveland

I can put in the $75k. From what I read, that eliminates the need for the direct deposits to get the bonuses. Anyone have experience with not doing a direct deposit and putting in $75k initially?

Dodd Stolworthy

Ya they told me same thing…deposit $75k and no need for dd

Wills

Does the referral code for phone offer still work? It says you can get at most 20 referral bonus. Maybe the code stops working after that?

Justmeha

I was wondering how many referrals you got

Joe

I opened my account on 9/8. Transferred $5k from my Chase checking account each month and received today my $600 bonus and a $100 referral bonus from a friend whom I referred.

Jon

Same here–opened accounts 9/9 (Nick’s link) and 9/16 (my link), monthly DDs, today showing pending $600+$100 and $600 (respectively), on 11/12. Pretty easy $1300. Thanks, Nick!

Jake N

Mine also posted today, awesome stuff Nick thank you! Hope your referrals are also showing up.

9/25/20 – account opened
10/13 – ACH push $5k from Schwab Brokerage (Moneylink)
10/15 – ACH pull $5k from Ally
11/6 – ACH push $5k from Schwab
11/12 – Share The Experience $600 showing pending

Eric

My brother and I signed up for this within a day or two of this post. Our bonuses have posted with a date of tomorrow, November 12th, with the title “SHARE THE EXPERIENCE NEW PREMIER CUSTOMER OFFER”. Thanks Nick for all of the great FM content!

Jake N

9/25 – opened
10/6 – first $25 Schwab Brokerage deposit

No bonus yet, but moving in another $5k from Schwab next week, which hopefully puts me in the green for requirements for next month

Jimmy

9/9- Opened account
10/10- First statement became available but no bonus

Brent K

Hey Nick, have you seen the referral bonuses post at all for these? Wondering if they pay on a different schedule.

Wolf

Any new DPs on this?
As far as I am concerned no bonus so far with simple transfer from other bank, so will have to set up direct deposit….

Dodd

nothing here. I just had 1 of 3 required direct deposits post Nov 1, so it will be another couple months for me.

Jimmy

I just got my second monthly statement today but no bonus. Both statements had no monthly fees since I had direct deposit from payroll on both statements.

Wolf- did you get charged monthly fee for your first month since you didn’t have direct deposit setup?

Jimmy

600 bonus posted for me. Looks like bonus is getting processed after second statement.

Last edited 2 years ago by Jimmy
Wolf

No charge of monthly fee!

Captain Greg

Wolf, are you making the $5k DD each month? If not, did you get the bonus and were you ever charged a monthly fee?

Wolf

Made one DD in October, bonus posted on November, 12. No monthly fee charged so far!

Kumar

Nothing!.. deposited $75K, sent 5K Wells ACH push for 2 moths!

Jimmy

Kumar- I got the bonus day after my second monthly statement closed.

Also for the two months did you get charged monthly fee?

Wolf

Bonus posted for me today!

Kumar

Bonus Posted for me dated 11/12. Thanks

Josh

Just looked in my HSBC account and noticed that I have 2 “Share the Experience” bonus offers pending for tomorrow, 12 Nov: one for $600 and one for $100. Not really sure why the extra $100 (maybe I referred one of my friends, I can’t remember) but I’ll take it. Also, as a DP, I did ACH from Capital One 360 for $5002 in Sep, then $6400 of actual DD in Oct, then $3300 DD and $2K ACH from Capital One 360 on 9 Nov which tells me ACH is alive and well for this offer! Looks like bonus hits 3 days after final $5k deposit on 3rd month.

Justmeha

Did you do the regular offer or the share the experience one?

Josh

Share the Experience offer

Kumar

Opened the account with your code ‘S015104477′ on Sep 10th. deposited $75K by sep 15th and even sent 5K ACH push from wells Fargo. NO BONUS YET!!

Kumar

Followup; Still No bonus!

Mile

Any further info on the bonus posting? Nick? Sure you would’ve seen something by now if the 5k a mo for 3 mo wasn’t actually needed.

Also I didn’t catch it, but how long does the 75k need to sit there before triggering the bonus if you were avoiding direct deposit? Hopefully not 90 days plus 6-8 weeks.

JN2

Nick, I agree that it is unlikely that HSBC will enforce the direct deposit terms as the Premier account team representatives have explained them to applicants (i.e., requiring an employer or government agency direct deposit) because 1) the written terms do not say this, 2) precedent of accepting them in the past, and 3) high likelihood that their systems do not recognize “fake” direct deposits. I suppose they could do manual reviews for the purpose of determining bonuses.

FWIW, I set up my “direct deposit” (ACH push from an external account) and saw the following “notification” on my HSBC account on 9/30, the day after the deposit posted: “You’ve set up direct deposit. We see that you’ve taken advantage of the convenience of having money automatically deposited into your HSBC account. Nice job.”

Wolf

Nick, Mile and JN2,

just to share my experience:

Called 716-841-6408 (Kudos to Josh – worked at first try!) on 16 September, phone rep was aware of the promotion and confirmed at that time, that ACH from my current bank would qualify for the bonus (I asked explicitly). As I moved recently to the US (missing credit history), my account needed to be opened by the international team, which happened some days later in a video conference call.
Account is meanwhile active, and last week I transferred 5K. My relationship manager, who happens to be the same person I talked to on 16 September, informed me today in a “welcome phone call”, that only direct deposits of third parties are meeting the conditions of the offer. ACH transfers from own accounts are not counting towards the bonus. Sounded like HSBC changed their position regarding the third party condition. I was told that some bloggers write that transferring money from any other account would be sufficient, but “this information is wrong”… As I had not mentioned any blog it seems to me that HSBC has given internal advice to their reps mentioning blog information.
Looks like they have to open a lot of new accounts! lol
I will probably wait to see if any bonus will show up early November and, if negative, set up direct deposit…

JN2

Not sure if you saw this, but HSBC offers 6 month CDs at 0.5% APR or 12/24 months at 0.6% APR. At least this would let you earn a little interest if parking money there; the T&C indicate that the early withdrawal penalty for terms up to 369 days is one month’s simple interest.

[…] new promo that might make that HSBC Premier account more appealing for those who have opened it for the current $600 bonus, so I wanted to take a few minutes out of my current paternity leave to report this. Both my wife […]

Jake N

I called the main HSBC line today around 11a ET to get through (the Premier line just kept ringing for 15+ minutes before I hung up). I mentioned the Share The Experience offer, and got transferred over to a real person to open my account. My public record questions were a bit of a dud because my Equifax was frozen (I’m an NY account), so I unfroze (supposedly this only takes an hour to go into effect), and have a call scheduled to try it again tomorrow with the same representative. I then received an email from her real address with a calendar invite for the follow-up call. Will report back how the opening goes.

Thomas Underhill

Hello. The offer sounds tempting. But if you want to learn more about HSBC, read the middle of this article where the author describes the current condition of HSBC. Do your own due dilegence. This article helped me decide to stay far away from HSBC. https://www.zerohedge.com/markets/over-promise-under-deliver-brussels-banks-battery-day

You can skip the article’s beginning and end if you like.

Meghan

I opened up over the phone today. The 716 number that worked for Josh and Brian did not ever connect for me- just a few minutes ringing before a circuit busy error. I called the 866 number and only had to be transferred once. It took me closer to an hour to get through all of the prompts once I was speaking with a relationship manager. She did say I would need to keep the account eligible for 6 months with a $5,000/month direct deposit, and then it would be up to 8 weeks from there before the bonus would post. I’m hoping it doesn’t really take 8 months to post!

Sam

Just applied and….well….I guess I don’t have a firm grasp of my credit history. They didn’t reject me, but I’ll have to do some more info tomorrow. Did it over the phone. Kind of a pain. THe rep was superb, but he was a little difficult to understand. Not his fault at all. I don’t know if my wife would do this. She rolls her eyes every time I tell her I have a new “deal.” BTW, I was going to throw Nick’s wife $100 clams, but I need her name. Is it “Mrs Nicholas Reyes”??? Don’t think so…. A little help please Nick

Brian

Thanks, Nick!

I just applied over the phone. Here’s a brief rundown of my application process for those interested:

I called 716-841-6408. After ringing, there was a 10-20 second silent pause before a relationship manager answered.

I told the relationship manager that I wanted to apply for an HSBC Premier Checking account under the “Share the Experience” program. He understood right away.

He informed me that the process would take about 30 minutes and asked if I wanted to proceed or schedule a time to complete the application. I said proceed.

The only questions that I couldn’t answer off the top of my head were for some information off of my driver’s license, so have that handy. It was also helpful to have my “credit card and bank spreadsheet” open in order to answer the Equifax verification questions that he asked me.

During the call he sent me an email and asked me to reply with the first and last name of the referrer as well as the referral code (but not the referrer’s city/state). I used Nick’s info. ( – I agree with another comment that providing your wife’s name—if you’d like—in the above post would enable some of us to apply using her information rather than yours, thereby hopefully getting you guys additional referral bonuses.)

At the end of the call I asked (just to be sure of household limits) if I could refer my wife to open such an account, and he said yes.

The call took 26 minutes, at the end of which he emailed me some disclosures to sign via DocuSign.

I signed the disclosures. The whole process took about 30 minutes.

I’m now awaiting emails with account approval and online access.

THEsocalledfan

So, a little bit of work to do for this…..and for some reason I was on the fence. Then I remember Nick just had a baby, and I’m assuming he’ll make $100 if I do this.

In.

J Reg

Only $5000 from a payroll deposit or Social Security qualifies for the $600 bonus for a new Premier Checking Acct. Had referral code too. Transfers from another bank do not or any other source do not. Must be employer payroll, payroll service, or SS. This info is from the HSBC Branch in NYC on 6th Ave and 44th Street. There are 2 other ways to qualify: $75,000 balance and something else I don’t remember but had a high balance requirement as well.

scott

So I set up my account and it looks like I have both a Premier and Premier Savings account, though I only wanted to open the checking. Anyone else with this same issue?

Casey Mitcheltree

Hi Nick! I’m at the bank branch and using your referral code. That asked for your full name you used to sign up and the city you are located in so I can sign up and you get the referral
Credit. Please help.

Dodd Stolworthy

Aaaahahah! I just called today, here’s how it went:
HSBC – how did u hear of the offer?
Me – Your website
HSBC – You didn’t see it in a blog post?
Me – Yes i did
HSBC – was the blog written by Nick Reyes?
Me – haha, yes.
HSBC – Ok, we’ve been getting A LOT of activity because of it
Me – is that good or bad?
HSBC – it’s great. We’re just hoping a lot of these new customers stick around

Definitely call the number Josh posted in the comments – 716-841-6408. This went straight to the right place. No overseas!!

Couple DP’s….HSBC said he wanted to clarify that the $5k/month for 3 months has to be made by employer, “ach transfer won’t work”. Also, if you don’t have an employer, you’d have to deposit $75k to get the bonus

Went smooth. Took 30 min on the phone. I need to email him a utility bill and photo of drivers license and he will call tomorrow to finish application.

EdC

FWIW, my rep also went out of his way to clarify payroll/SS only – specifically mentioned wire/ACH won’t work. (Doesn’t mean it wont … just corroborating that their reps have clearly been coached to reinforce this.)

Santiago Speranza

So I called the number and the gentleman on the phone told me to go online to set up the account… Can anyone provide any feedback on this if this happened to you when opening the account and do we know if it works for the bonus? TIA

Lord Dima

Read the post and call again.

Josh

Call the number I mention directly above and make sure you request the “Share the Experience” offer as per Nick’s post.

Santiago Speranza

Did just that… the agents I spoke with as now its been two have both referred me online…

Tim

The online offer has an inferior bonus structure. I recommend calling again and set up the account over the phone with a Premier Checking banker.

Santiago Speranza

I finally got to someone today and their system was “down” I have an appt for Monday with them to get it set up… They asked for Nick’s Last name too in order to accept the referral… very odd but hopefully this works out in the end.

Josh

Applied today by calling the Premier Relationship team number that was suggested earlier, was transferred multiple times and finally to the “Premier Remote Team” to actually apply. Their truly direct line is 716-841-6408, that should save you some transferring annoyance. My rep wasn’t aware of the $600 offer, he was only aware of a $500 offer. I sent him a link to the HSBC offer page detailing the “Share The Experience” offer and he looked it up on his side and verified that I was correct and the offer was $600. After answering the requisite banking account questions, I had to answer some really annoying credit history questions about previous loans and credit cards I applied for over the last few years (get your credit card application tracking spreadsheets ready!). The rep then asked me for my referral POC’s full name, referral code AND checking account number! I wasn’t about to come on here and ask Nick to give me his checking account number, so I just ignored that portion and drove on. (Note: Nick, might need to list your wife’s name on the site if you want people to use her code, not sure if all reps will ask for that but mine did.) Was sent some paperwork to sign digitally, now I’m just waiting for the account to be created. My rep did indicate that it takes 6-8 weeks to see the $600 bonus, and that I’d have to direct deposit $5k/month for 3 months to qualify for it. I hope it happens faster than that, given the DoC data point.

Jeff

From what the rules say on the HSBC website, it doesn’t look like you need to do anything to get the $600. If you don’t do any of the three requirements then they hit you with a $50 service fee. Is that how you are interpreting it?

Josh

That’s the way it reads, but I’m not risking it. I’m going to do an ACH push from my Capital One account of $5001 (I’ve seen DPs where this counts as direct deposit) each month till the bonus hits. The HSBC rep kept telling me I needed to have the DD for 3 consecutive months to qualify for the bonus. So we’ll see.