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HSBC Online Share Trading: $100 in Brokerage Rebates / $200 Bonus with Portfolio Transfer (Minimum $50,000 Value) to HSBC

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HSBC Online Share Trading: $100 in Brokerage Rebates / $200 Bonus with Portfolio Transfer (Minimum $50,000 Value) to HSBC
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Lhoangdekiem on 03/12/2021 - 11:29 hsbc.com.au (178 clicks)
Last edited 09/12/2021 - 14:37 by 1 other user

Just received an email for this deal. Offer 1 for new customer only. Offer 2 for both new and existing. Never used it before. I may transfer in to get the $200 then transfer back out

Offer 1
HSBC will rebate the brokerage fee of your first 5 trades executed on or before 28 February 2022, up to the maximum total rebate amount of AUD100

Offer is available to new customers who activate their HSBC Online Share Trading account by 31 January 2022 and trade between 10.00am (Sydney time) 1 December 2021 and 4.00pm (Sydney time) 28 February 2022

Offer 2
HSBC will provide a single cash payment of AUD200 when you make a lump sum portfolio transfer with a minimum value of AUD50,000 into your account by 28 February 2022.

Offer is available to new or existing customers that make a lump sum portfolio transfer (via either a Broker to Broker transfer or Issuer Sponsored conversion) with a minimum value of AUD50,000, into their HSBC Online Share Trading account between 10.00am (Sydney time) 1 December 2021 and 4.00pm (Sydney time) 28 February 2022. Portfolio transfers that meet the criteria must be held within the respective HSBC Online Share Trading account at 4.00pm (Sydney time) 28 February 2022. For the avoidance of doubt;

The lump sum portfolio transfer of ASX listed securities must be made from another broker, or an Issuer Sponsored conversion into your HSBC Online Share Trading account. Off market transfers or transfers between HSBC Online Share Trading Accounts will not be eligible for this offer.
The lump sum portfolio transfer must have a minimum value of AUD50,000. Multiple transfers below AUD50,000 that total this value, will not be eligible for this offer.
Limit of one AUD200 cash payment per HSBC Online Share Trading account. Multiple transfers of AUD50,000 will only be eligible for a maximum cash payment of AUD200. This cash payment will only be awarded for the first lump sum portfolio transfer with a minimum value of AUD50,000.
For more information on how to transfer your portfolio visit https://www.sharetrading.hsbc.com.au/tradenow/FAQs/tradingse… This link will open in a new window

The single cash payment of AUD200 for a minimum lump sum portfolio transfer of AUD50,000 into your HSBC Online Share Trading account by 4.00pm (Sydney time) 28 February 2022, will be paid to your linked HSBC transaction account by 18 March 2022. This Offer is not transferable.

Financial Brokerage Rebate Share Trading

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closed Comments

  • littlesoldier on 03/12/2021 - 11:32
    +1

    I am an existing customer and got the option 2 offer

  • kml22 on 03/12/2021 - 11:38

    Sound like money laundering at best right here, avoid this shady company with bad customer service.

    • hoangdekiem on 03/12/2021 - 11:45

      why is it money laundering? just curious

    • firestint on 03/12/2021 - 11:53
      +2

      Bad service, cannot disagree. But HSBC.. hardly shady right?

  • Kongzi on 03/12/2021 - 11:40

    What effort is required? Do we need to submit documentation to get the account approved?

    • kml22 on 03/12/2021 - 11:48

      If you ever get approved, regardless of how many documentation you provide, they will use your documentation to assist in their money-laundering effort :).. 1/2 JK

  • immrnonamehello on 03/12/2021 - 11:43
    +5

    Terrible customer service. Also $200 is not even 0.5% of 50k, hardly worth bothering.

    • shockme79 on 03/12/2021 - 11:57
      +1

      I agree… plus their brokerage is $19.95 per trade (double selfwealth cost)… $200 'bonus' for transferring a $50k+ portfolio is hardly an incentive..

      • abc on 03/12/2021 - 12:02

        First 5 trades free for new customers mean's you could transfer in holdings you were intending to sell and do it for free.

        • UsernameChecksIn on 03/12/2021 - 12:05

          does it take a decent chunk of effort/time to transfer holdings?

    • littlesoldier on 03/12/2021 - 12:09
      +1

      Just wondering, any platform has better transfer incentive than this $200?
      When I look into this deal, it looks like a free money to move the shares in and out?

      • immrnonamehello on 03/12/2021 - 12:46

        Just depends if you value your time or not, anything that requires KYC is a bit of a pain to sign up, and their customer support is useless so if something goes wrong during the "move in and out" it'll be a pain.

  • donotuse on 03/12/2021 - 12:22
    +1

    1/ Buy Cash* ETF thru other cheap broker
    2/ Transfer to HSBC - get $200
    3/ Sell Cash* ETF - free brokerage

    Winner?

    *to avoid risk of market movements

    • mynameisborat on 03/12/2021 - 13:01
      +1

      The returns on Cash ETFs are meagre. Why does one invest in a cash ETF vs say an ING account which pays you 1.35%?

      • donotuse on 03/12/2021 - 17:23
        +1

        it's just an in-and-out transaction, to take advantage of the the $200 in just a span of a few days is much better than 1.35%.

  • screensaver on 03/12/2021 - 12:46

    I got this email, and it applies to me. My property fund is about to convert to shares, which I am an absolute newbie to. So I am planning to do this. I know nothing abouts shares, buying, selling or holding. But I have to learn

  • screensaver on 03/12/2021 - 12:48

    which is the heroes account with the frequent flyer points

  • keejoonc on 03/12/2021 - 12:55
    -1

    Far better to stake that $50k in USDC or AUDT on any crypto platform.

  • screensaver on 03/12/2021 - 12:57
    +1

    here is the frequent flyer points offfer
    https://www.qantas.com/au/en/frequent-flyer/member-offers/su…

    • littlesoldier on 03/12/2021 - 14:28

      Looks like that Superhero is not CHESS sponsored
      will that be an issue in transferring shares?

      • screensaver on 03/12/2021 - 14:37

        I dont know, i am a newbie, but I think I want both offers.

  • FutureTech on 03/12/2021 - 12:59

    Any fee for transfer in and out?

  • mynameisborat on 03/12/2021 - 12:59
    +3

    I had enough after using their badly designed banking app. After that experience, wouldn't even touch anything that has HSBC on it.

    • screensaver on 03/12/2021 - 13:03

      I am not able to transfer funds out online from the transaction account, way too difficult.

      • mynameisborat on 03/12/2021 - 13:05
        +4

        Even logging into the banking website is so complicated and one needs to remember at least three types of passwords to perform a regular transaction

    • keejoonc on 03/12/2021 - 18:01
      +1

      Funniest thing about HSBC is how the password does not distinguish lower case letters to capital letters. Really? That's the level of security they apply to their business and customers? Lol

  • macr0hard on 03/12/2021 - 16:00

    I don't have any accounts with HSBC. Can I still apply and get this deal?

  • Hendrix on 03/12/2021 - 16:43

    $200 is not worth dealing with these grubs

  • screensaver on 03/12/2021 - 17:06

    I love them, they give me 2% cashback

  • amorn on 03/12/2021 - 17:25

    filled first page to sign up. somehow save+continue button is still passive. should you put something in middle name box even if you dont have one?

  • [Deactivated] on 04/12/2021 - 01:02

    Doesn’t it cost money to transfer your shares from platform to platform?

    • oswade on 05/12/2021 - 23:39

      Depends on the broker. Most are free. I couldn't find any mention of transfer fees for on market transfers (only off market which is different)

  • ozproud on 07/12/2021 - 14:38

    About this part: "Portfolio transfers that meet the criteria must be held within the respective HSBC Online Share Trading account at 4.00pm (Sydney time) 28 February 2022."
    Does anyone know if it means we need to have $50k worth of stocks at 4.00pm (Sydney time) 28 February 2022?
    Seems like that to me …

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