Open an HSBC Plus Checking Account and Get $75

HSBC is offering $75 to open a Plus Checking account and fund it with a minimum of $4,000 for 180 days.

The money will paid out in a HSBC MasterCard® GiftCard. While the minimum is $4,000 you can deposit that money into any account, including the high yielding HSBC Online Savings Account, which currently pays 3.5% APY. That's a pretty competitive savings account rate.

A glance at the terms and conditions revealed that you must maintain $15,000 in total combined balances including personal deposit, investment and qualifying credit balances to avoid a monthly fee of $15. If you don't, you'll be charged $45 for the 180 days the account is open, wiping out almost all of the $75 bonus. That means that in addition to the $4,000 in new money you must deposit to quality, you must deposit an additional $11,000 into an HSBC account or have $11,000 already there.

According to the CSR, you must first open the Plus Checking account to be sure that you get the $75.

For anyone who is willing to invest over $15,000 or already has $11,000 in an HSBC account, the offer provides an additional 1.9% return on the $4,000 you'd have to invest. That's not bad.

The account comes with all the standard checking features.

• Earn interest on your checking balance!
• No monthly maintenance fees when balance requirements from qualifying HSBC accounts are $15,000 or more^{[ 1 ]}
• HSBC Debit MasterCard® with PayPass™ with no service or transaction fees on purchases†
• Earn a competitive interest rate on an HSBC Premium Money Market Plus Savings Account* with no monthly maintenance fee
• Free Personal Internet Banking, Online Bill Pay and eStatements
• No Fees at HSBC ATMs when you access your Plus Checking
• Monthly rebates of up to three non-HSBC ATM third-party surcharge fees for transactions completed outside NY state**
• Periodic CD bonus rates***
• Receive Home Equity and Personal Loan discounts****

The offer is available nationally.