i'm applying from OP's link, and the promo box is blank

TonySpero, did you find out what code 'save5' does?

I am wondering if I can use my online savings account to pay my credit card bill using the bank's Routing number and account number, please advise.

jdh88 said:I am wondering if I can use my online savings account to pay my credit card bill using the bank's Routing number and account number, please advise.

Yes, you can. Make sure though not to go over 6 transactions per month. Check with them what kind of transactions count. I remember that four years ago HSBC was stricter than federal guidelines required. I think they counted ACH IN, not just ACH OUT as most other banks, and possibly online transfers between linked accounts, but I can't remember for sure now.

You can also open free checking with HSBC (1c min) to avoid these limits. Note that they may (will?) close it for you automatically if your balance is 0.

EugeneV said:jdh88 said:You can also open free checking with HSBC (1c min) to avoid these limits. Note that they may (will?) close it for you automatically if your balance is 0.

I read through the account terms really fast, I didn't see that mentioned, like I posted before I have let it go to 0 and nothing came of it, maybe if you have it at 0 for a full statement cycle, then they close it, but everybody pays bills so this is not very likely.
There was one thing in the terms about a fee, if you have no activity for 3 consecutive months then you get charged, I believe it was $8, but again this is also very unlikely.

jdh88 said:I am wondering if I can use my online savings account to pay my credit card bill using the bank's Routing number and account number, please advise.

thanks, everyone.

So there's a $3 to transfer money from HSBC, if you do it from their web site.
It is free if the withdrawal is initiated by another bank...

moolman said:The $3 fee doesn't apply to the Online Savings, so sending and receiving money is free.

You're right.

I have an ING acct linked to my Netank acct.

hsbc is 3.25%, and comes with an ATM card.

and i think you can link that acct to their free checking acct w/free billpay. (where as ING is just a savings acct that you cant do anything else with.)

i'm planning on doing this and closing both Netbank and ING. Anyone see any drawbacks?

edit:
Also, can hsbc link to other banks? or must you goto the other bank to originate the link?

yurgreat said:

edit:
Also, can hsbc link to other banks? or must you goto the other bank to originate the link?

You can link to other banks, but they charge A $3.00 transaction fee for each outbound transfer from your HSBC accounts to your non-HSBC accounts.
No transaction fees if you transfer money into your HSBC accounts from your non-HSBC accounts.

You can read about bank to bank transfers here

TonySpero said:yurgreat said:

edit:
Also, can hsbc link to other banks? or must you goto the other bank to originate the link?

You can link to other banks, but they charge A $3.00 transaction fee for each outbound transfer from your HSBC accounts to your non-HSBC accounts.
No transaction fees if you transfer money into your HSBC accounts from your non-HSBC accounts.

You can read about bank to bank transfers here

"No transaction fees will be charged for HSBC OnlineSavings"