How to get HSBC Advance?

What is HSBC Advance?

The HSBC Advance relationship gives you the tools necessary to plan for the future no matter what you have in mind. You will be able to easily manage cash flow and credit, build savings, and manage debt with your HSBC Advance account. This checking account will give you access to many other benefits that a normal checking account user will not receive, including access to the HSBC Advance Mastercard. 

How do I apply?

To waive the monthly maintenance fee, you’ll need to meet one of HSBC’s eligibility criteria. You have to open an HSBC Advance Checking account and either maintain combined balances of at least $5,000, have a recurring direct deposit from a third party to your HSBC account, or an HSBC U.S residential mortgage loan. If you have one of those requirements, then the maintenance fee of $25 will be waived. 

You can easily apply by logging into your Personal Internet banking and apply for the checking account. If you are not already part of HSBC then you can go to a local branch and ask to apply in person. As long as you have those requirements, applying is as easy as applying for a normal checking account. 

Benefits

You get many benefits when you have an HSBC Advance account. There is no HSBC fee when using third-party ATMs. You also receive up to 4 qualifying ATM third-party surcharge fee rebates per month. This is perfect if you need to withdraw cash and there are no HSBC ATMs nearby. Furthermore, you get preferential savings rates which can help you incur more interest and grow your money quicker. Account-holders can also earn up to $2,000 when they refer friends who open a qualifying HSBC checking account. This account comes with many more ways to make money than normal checking accounts. 

You also get the HSBC Advance Mastercard credit card with this account. Cardholders earn 3x points on dining and select entertainment purchases and 2x points on all other purchases in the first year, for up to the first $25,000 in purchases. After that, you earn 2x points on dining and entertainment and 1 point per dollar on all other purchases. You get access to an exclusive card with many security features and a strong rewards rate when you sign up for this account. If you are looking for a strong rewards card and you already qualify for the HSBC Advance account then this card could also be for you. 

Takeaways

If you already frequently use HSBC bank then this account is the logical next step for your financial health. It is very easy to apply, and as long as you have one of the requirements you can just apply online or in-person, and you can get an account. There are many benefits that come with this account including access to the HSBC Advance Mastercard which can be helpful in getting points towards purchases.