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HSBC is an alternative to the big banks in Canada. The bank offers a full line of chequing accounts that give you a wide selection of products and services from low-fee banking to premier accounts with unlimited withdrawals. The account you select will ultimately depend on your banking needs, transaction requirements and on whether you’re willing to maintain a large balance with the bank.
HSBC offers these chequing accounts to Canadian residents.
The HSBC Premier Chequing Account offers the ultimate HSBC experience, but only if you qualify. Be a resident of Canada with a valid Social Insurance Number
Be 16 years of age or older
Have an email account
Maintain combined personal deposits and investments with HSBC Bank Canada and its subsidiaries of $100,000, or Hold a personal HSBC Bank Canada residential mortgage with an 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, or Qualify for HSBC Premier in another country
The account has some attractive features if you do qualify, including:
The HSBC Advance Chequing Account is one tier below the HSBC Premier Chequing Account, but it still offers flexibility and cost savings on everyday banking essentials. Some of the main benefits of this account option include the following:
The HSBC Performance Chequing - Unlimited account lets you conduct all your essential banking services for a flat monthly fee. It doesn’t have the same perks as Premier or Advance, but it will cost you less in terms of fees. The following are the main benefits of the HSBC Performance Chequing - Unlimited:
As the most basic account option, the HSBC Performance Chequing - Limited account account provides essential banking services at the lowest possible price. It’s suited for people who make fewer transactions every month. Some of the main benefits include the following:
As far as banking services go, these HSBC chequing accounts aren’t a whole lot different than those offered by the Big Six banks. HSBC Canada is a regulated financial institution that is fully insured by the Canadian Deposit Insurance Corporation. Just remember that as of November 2019, there are only 145 HSBC branches across Canada compared with the thousands of TD, RBC, Scotiabank, CIBC and Bank of Montreal locations.
HSBC chequing accounts offer many of the same benefits you’re used to getting at the other major banks.
HSBC customer service is available online and over the telephone. For online and mobile banking inquiries, call 1-877-621-8811.
For a full list of contact numbers, check out its website.
HSBC offers some much-needed competition in Canada’s banking landscape. If you’re looking for premier banking services or just want to keep more of your hard-earned money, there are HSBC chequing accounts options available for you.
Post-secondary students in Canada can take advantage of this HSBC Student Chequing Account with unlimited transactions and no monthly fee.
Sign up for an HSBC Advance Debit Card to get unlimited transactions and free HSBC ATM withdrawals.
Apply for an HSBC Student Account to enjoy unlimited withdrawals and a handful of benefits with this premium debit card.
Apply for an HSBC Premier Account to enjoy unlimited withdrawals and a handful of benefits with this premium debit card.
The HSBC Performance Chequing-Limited account gives you basic banking services at a lower cost.
Discover if the HSBC Performance Chequing Unlimited account is right for you.
Take advantage of a number of premium perks with this high-end chequing account from HSBC.
Enjoy a number of perks when you sign up for this no-fuss chequing account.