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ted says
I completed each of the basic required amounts. April 30th 2019 would be 8 weeks after 90 days, but today 4/1/2019 they credited $350 to my account and my wife’s. Open up the Direct Savings account 1st for $1. Then apply for the Advance Checking and savings as required. Guess what happens then ??……..Soon as you send in $10,000 to avoid direct deposit you create your online account. Then transfer $10,000 to the Direct Savings 2.25%……….The guess what happens?………..you get to apply for the Advance CREDIT CARD………..spend $1500 in 90n says and get a $250 bonus plus get 12 months ZERO%. on purchases. Put it together and you earn $600, make it $1200 with Spouse getting same account individual. …….Buy a spiral notebook and make a page with the rules for each accounts……..That way you do not need to keep it on your mind and mark you calendar
alli says
I am new to opening online bank accounts. What kind of account do I need to use to transfer the money into this new account? Thanks.
ted says
We completed the credit card portion of the advance account. $1500 each in 90 days. We did after 1 week of getting each our own accounts. We got the $250 card bonus each and purchase rewards……total each $325 mine and $300 hers. On the website you can roll your own reward as long as it’s 5000 points or more(yes it includes cents)……….you enter the last 4 of your checking or direct savings account………enter the points and……..hit enter…….5 or 6 business days it’s in the account. Request checks for your advance checking account so you can write them out. We counted ahead on the calendar 90 days with the day your $10,000 was deposited is not day one, the next day is. We know which day we get $350 bonus each. But leave your $10,000 there until you see the $350 bonus in your account………4 to 6 weeks after the 90 days or they fine you $25 a month each account. In our case since we get a much higher rate on our savings we plan to write out a check as soon as the money is in the accounts. ……………Excellent deal…..$600 an account……..and no direct deposit……….The biggest problem is they have lousy customer service. If you have an office near you to apply it’s so much better as the rep can solve things quickly thru back channel phone lines and your deposit gets credited that day……..so if you have an hsbc bank near you then go there. ………….No other bank has a deal like this……….if you have been declined cards because you are a churner? then no problem, you get approved for the credit card because you have a relationship…….but 1st make sure your deposit is in the checking or savings so the card application officer sees it.
ted spiro says
I can read and it says…………maintain no less than $10,000 in your checking for 90 days and it takes about 8 weeks after that to get the $350 bonus. So it’s about a 5 month process in which you must maintain $10,000. You lose interest on your money for 5 months, the $350 is fully taxable. So you lose $100 interest and if taxed at 18% rate is $63. Total $163 you lose of the $350………..your after tax net is just $187 better. Not bad especially if you can open an account in you spouses name too. That would be $374 gain over your current rate of interest…..but this new deal also gives you a credit card that earns $250 in gift cards which are tax free. That would make a married couple able to get $874 value on $20,000 for 5 months…….equals 10.488% tax free annualized.
Ron says
@Gulu – Have they told your Premier account won’t qualify ? I think the promotion for $750 runs through today and as long as you deposit 100K you should be good provided you didnt avail last year’s offer (10/1/2016 -10/31/2016)
Joe says
Have an ongoing problem with this bank over their banking incentive. No luck with the banking personnel, filed a complaint with New York state attorney generals office. Have my fingers crossed. Never ever have I ever seen such a bumbling bunch of idiots. Joe,oceanside n.y.
Dmitry says
Hi,
I have an appointment in HSBC to open x2 accounts for me and my spouse.
An it is this Friday ;o))) I was going to apply for their STEP referral program to get 100$ for referring my spouse. Now you say we can get each $250?
What if I open 2 additional accounts for my kids? Not sure what kind of account do they have for minors (4.5y and 6.5y). I was going to transfer my TD account funds, so I have enough to maintain 10K on each.
What do you say? Should I have x4 promo codes or just x2?
PLS send me x4 code if you believe it should work.
Thanks a lot
Yue Fang says
I need a code, please send one to me. Thanks.
Howie says
IMPORTANT!!!
You need to open the HSBC account with my promo code by JULY 28!!!
AND
You should fund it ASAP after that, to get the bonus asap
So do not wait!!!!
dd says
You must mean “keep it open 180 days” instead of “120 days”. Or they will take the bonus money back.
Liz Pham says
thanks! our review has been updated!