Banks
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

HSBC

Advertiser Disclosure

About bank

HSBC Bank Canada is a subsidiary of HSBC Holdings plc — The Hongkong and Shanghai Banking Corporation Limited. HSBC operates in 63 countries worldwide and has 40 million clients.

HSBC opened in 1865 in Hong Kong and was incorporated as HSBC Holding plc in 1991 in London.

HSBC Bank Canada is the seventh largest and leading international bank in Canada, with headquarters in Vancouver, British Columbia, incorporated in 1981.

Features

  • HSBC Bank Canada is a global banking institution, providing all financial and banking services under one roof. It has more than 140 branches across Canada, except on Prince Edward Island. In addition, customers can take advantage of more than 3,500 ATMs.
  • HSBC provides services helping transfer the funds globally. While traveling, you may use its online products, rewards and branches, and ATMs worldwide.
  • New to Canada features not just offers but special programs, which are designed for newcomers and people with an international way of living. It assists you in starting through cross border banking while you are abroad and preparing to move, study, and work in Canada.
  • As one of the banks with an international perspective, HSBC offers innovative products, platforms, and favorable rates for individuals and businesses.

    Pros and cons

    Pros

    • One of the largest financial institutions in Canada

    • Reputable and secure

    • Full-service financial institution

    • Offers with bonuses for new clients

    • Mobile and online banking as well a possibility to visit a branch

    • Low lending rates

    • Cashback and rewards

    • Special options for clients who are new to Canada, travelers, and students

    • Global services

    • Multiple currencies savings and investments

    Cons

    • Low rate savings accounts

    • It may be hard to qualify for the best options

    • Chequing account fees

    • Not the highest cashback

    • Bad customers' reviews

    Products

    • Bank accounts: a wide range of chequing, savings, and investment accounts for personal and business use with different levels of privileges and requirements. These products provide optional overdraft protection, direct deposits, and automatic payments.

    • Chequing accounts with no fees, such as Premier Chequing Account with no fees for global wire transfers and global account opening, access to all HSBC products, special rates, and rewards.

    • HSBC foreign currency accounts with no minimum balance and five currencies available.

    • Credit cards with cash back, rewards, personalized services, bonuses, and monthly fees waiving for any budget. Offers for students, newcomers, and seniors are provided.

    • Rewards programs, such as Cash Rewards Mastercard with no annual fee and wide cash back options, impressing welcoming cashback rate included, and World Elite Mastercard with travel cash back, no foreign transaction fees, and a welcome offer with an annual fee 1-year rebate.

    • Mortgages and options change between the mortgage options; for example, a variable-rate closed mortgage after the first three years becomes open to let you pay off or prepay your mortgage without penalty.

    • Newcomers Program designed for emigrants, students, workers, travelers, and globally living people to answer their needs.

    • InvestDirect is an international retail electronic trading platform for independent investors without portfolio management.

    • Wealth Compass is a low-fee online service providing investments to mutual funds with professional personalized recommendations.

    • World Selection Diversified Funds and Portfolios provide a great number of opportunities to invest in one place.

    • HSBC Fusion lets you monitor and manage your personal and small business banking accounts in one place.

    • HSBCnet online banking and a mobile banking app for business and corporate needs.

    • HSBC Canada Mobile Banking App for convenient access to funds.

    Services

    • Lending: personal loans, lines of credit, home equity lines of credit (HELOC), mortgages, and a special offer for newcomers.

    • HSBC Rewards program lets you use your credit card to earn points and redeem them for travel and financing.

    • New to Canada services include chequing accounts, credit cards, insurance, Global View, Global Transfer, currency exchange options, and the ability to open International accounts.

    • Investments: RRSP, RRIF, RESP, TFSA, GIC, Term deposits, mutual funds, ETF, and a special platform for DIY investors.

    • Business banking services for various business types and sizes, global transactions with a great variety of products, accounts, and apps.

    • Online and mobile banking with a full range of services, special online-only products, and 24/7 multichannel support.

    • Wealth management and retail banking - tips and recommendations to help you prepare for a sound financial future and grow your assets.

    HSBC

    FAQ

    Is HSBC legitimate? 

    HSBC Canada is a subsidiary of the ultimate parent company HSBC Holdings plc (HSBC). HSBC Bank Canada is the seventh largest bank in Canada, the largest foreign-owned bank in the country established in 1981. It is listed on OPENGOVCA. 

    What ATM could I use with HSBC? 

    To manage and withdraw your funds, you can use over 3,300 HSBC ATMs and THE EXCHANGE ATMs across Canada. Get no fee access with any of HSBC chequing accounts. 

    What is the HSBC Rewards Program? 

    You may earn rewards and redeem them with HSBC credit cards of your choice: for travel, gift cards, financial rewards, and miles. In addition, you may use it to pay down your HSBC Bank Canada residential mortgage, add to your HSBC personal savings account, or reduce your HSBC Cash Rewards Mastercard account balance.

    Company documents

    Privacy Code
    Electronic Access Agreement

    Our purpose – Opening up a world of opportunity – explains why we exist.

    © HSBC

    Credit rating

    i

    Shows the level of financial reliability of a credit company

    DBRS A Good credit quality

    The capacity for the payment of financial obligations is substantial, but of lesser credit quality than AA. May be vulnerable to future events, but qualifying negative factors are considered manageable.

    HSBC service available provinces
    • Ontario
    • Quebec
    • Nova Scotia
    • New Brunswick
    • Manitoba
    • British Columbia
    • Prince Edward Island
    • Saskatchewan
    • Alberta
    • Newfoundland and Labrador
    • Northwest Territories
    • Yukon
    • Nunavut
    HSBC service available provinces
    Financial products
    HSBC
    HSBC Travel Rewards Mastercard®
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    HSBC
    HSBC Cash Rewards Mastercard®
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    Rate
    i

    Effective interest rate on the product

    19.99% - 22.99%
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    Rate
    i

    Effective interest rate on the product

    11.9% - 16.9%
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    Rate
    i

    Effective interest rate on the product

    19.99% - 22.99%
    HSBC
    HSBC Undergraduate Student Line of Credit
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    $5,000 and up
    Term
    i

    Loan term for the financial product

    1 year
    HSBC
    Home Equity Line of Credit
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    Rate
    i

    Effective interest rate on the product

    6.45%
    HSBC
    HSBC Personal Line of Credit
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    $5,000 and up
    HSBC
    HSBC RRSP Loan
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    $5,000
    Term
    i

    Loan term for the financial product

    5 years
    HSBC
    HSBC Personal Loan
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    $5,000
    Rate
    i

    Effective interest rate on the product

    2.75% - 6.75%
    Term
    i

    Loan term for the financial product

    5 years
    HSBC
    HSBC Bank Canada
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    HSBC
    HSBC Premier and HSBC Advance
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    HSBC
    HSBC Home Equity Line of Credit
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    Rate
    i

    Effective interest rate on the product

    4,55%
    HSBC
    HSBC Equity Power Mortgage
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    HSBC
    HSBC Traditional (Residential) Mortgage
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    Rate
    i

    Effective interest rate on the product

    8,00%
    Term
    i

    Loan term for the financial product

    30 years
    HSBC
    Market-Linked GIC Investments
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Term
    i

    Loan term for the financial product

    3-5 years
    HSBC
    TFSA Redeemable GIC
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Rate
    i

    Effective interest rate on the product

    2.50%
    Term
    i

    Loan term for the financial product

    1 year
    HSBC
    Redeemable GIC
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Rate
    i

    Effective interest rate on the product

    2.50%
    Term
    i

    Loan term for the financial product

    1 year
    HSBC
    Canadian Dollar GIC
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Rate
    i

    Effective interest rate on the product

    up to 3.90%
    Term
    i

    Loan term for the financial product

    30 days - 5 years
    HSBC
    TFSA Term Deposits
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Rate
    i

    Effective interest rate on the product

    up to 4.15%
    Term
    i

    Loan term for the financial product

    30 days - 5 years
    HSBC
    Foreign Currency Term Deposit
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    HSBC
    U.S. Dollar Term Deposit
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Rate
    i

    Effective interest rate on the product

    up to 3.50%
    Term
    i

    Loan term for the financial product

    30 days - 1 year
    HSBC
    Canadian Dollar Term Deposit
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Rate
    i

    Effective interest rate on the product

    up to 3.75%
    Term
    i

    Loan term for the financial product

    30 days - 5 years
    HSBC
    Registered Retirement Income Fund (RRIF)
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    HSBC
    Registered Education Savings Plan (RESP)
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    HSBC
    Registered Retirement Savings Plan (RRSP)
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    HSBC
    Hong Kong Dollar Regular Savings Account
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Rate
    i

    Effective interest rate on the product

    0.05%
    HSBC
    Euro High Rate Savings Account
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Rate
    i

    Effective interest rate on the product

    0.05%
    HSBC
    British Pound High Rate Savings Account
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Rate
    i

    Effective interest rate on the product

    0.25%
    HSBC
    U.S. Dollar High Rate Savings Account
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Rate
    i

    Effective interest rate on the product

    0.35%
    HSBC
    Renminbi Savings Account
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    $0 monthly fee
    HSBC
    HSBC Youth Savings Account
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    HSBC
    Tax-Free Savings Account
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    HSBC
    High Rate Savings Account
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Rate
    i

    Effective interest rate on the product

    up to 5.05%
    HSBC
    HSBC Student Chequing
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    $0 monthly fee
    HSBC
    HSBC Performance Chequing-Unlimited
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    $14.95 monthly fee
    HSBC
    HSBC Advance Chequing Account
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    up to $25 monthly fee
    HSBC
    HSBC Premier Chequing Account
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    $0 monthly fee
    aggregation.company.all-products
    Similar products
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    Rate
    i

    Effective interest rate on the product

    19.75% - 21.49%
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    Rate
    i

    Effective interest rate on the product

    19.99% - 22.99%
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    from $5,000
    Rate
    i

    Effective interest rate on the product

    19.99% - 22.99%
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    Rate
    i

    Effective interest rate on the product

    20.99% - 22.99%
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    Rate
    i

    Effective interest rate on the product

    21.99% - 22.99%
    Best Quick Loan Today 28.03.2024*
    Mr. Payday
    Need a Quick Loan Now?
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    Apply
    Borrowell
    Personal Loan
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    $500-$50,000
    Rate
    i

    Effective interest rate on the product

    up to 39.99%
    Term
    i

    Loan term for the financial product

    up to 84 months
    Mogo
    Personal Loan
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    $500-$15,000
    Rate
    i

    Effective interest rate on the product

    up to 46.96%
    Term
    i

    Loan term for the financial product

    up to 60 months
    Coast Capital Savings
    Personal Loan
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    $500-$50,000
    Rate
    i

    Effective interest rate on the product

    7.5%
    Term
    i

    Loan term for the financial product

    60 months
    Money Mart
    Cash advance
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    $120-$1,500
    Rate
    i

    Effective interest rate on the product

    up to 575%
    Term
    i

    Loan term for the financial product

    up to 62 days
    Mogo
    Mortgage
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    Rate
    i

    Effective interest rate on the product

    4.46%
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    $10,000-$100,000,000
    Rate
    i

    Effective interest rate on the product

    up to 4.95%
    Term
    i

    Loan term for the financial product

    up to 10 years
    Think Financial
    Mortgage
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    $50,000-$500,000
    Rate
    i

    Effective interest rate on the product

    up to 5.19%
    Term
    i

    Loan term for the financial product

    up to 25 years
    CHIP Reverse Mortgage
    Reverse Mortgage
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    $100,000-$500,000
    Rate
    i

    Effective interest rate on the product

    up to 7.67%
    Term
    i

    Loan term for the financial product

    up to 25 years
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    $1,000-$10,000,000
    Rate
    i

    Effective interest rate on the product

    up to 4.94%
    Term
    i

    Loan term for the financial product

    up to 40 years
    Toronto-Dominion Bank
    TD Every Day Savings Account
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    $0 monthly fee
    Tangerine Bank
    Savings Account
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    $0 monthly fee
    Rate
    i

    Effective interest rate on the product

    1.00%
    Scotiabank
    Ultimate Package
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    up to $30.95 monthly fee
    Royal Bank of Canada
    Savings Deposit
    Rating by Finanso®
    i

    The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

    Recommended FinScore™
    0
    300
    650
    1000
    no minimum deposit
    Rate
    i

    Effective interest rate on the product

    0.5%
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