To qualify for HSBC Premier, personal banking clients must have $100,000 in combined personal deposit and investment balances or $500,000 in combined personal deposit, investment, and credit/mortgage balances. Business owners may use their commercial balances to qualify for personal Premier membership.
Even if you don't maintain minimum balance requirements, you can still take advantage of all Premier has to offer for a monthly service fee of $50.
However, it's best to experience banking without boundaries firsthand. Try Premier free for the first three months and you’ll receive an unparalleled level of service and attention—all without risk or obligation.
To become an HSBC Premier client, simply visit any HSBC branch, or call 1-888-662-HSBC (4722). Outside the U.S. call collect +1-716-841-6866. Or, request an application and additional information by e-mail.
HSBC Premier includes an extraordinary package of banking services designed for the way you live and spend. Your dedicated Premier Relationship Manager will help tailor a set of services to best meet your banking needs. Learn more about our Premier Checking, Premier Investor Account, Preferred Pricing, Premier Credit Card, mortgages and loan discounts as well as access to funds.
Premier Checking No monthly service fees on checking if balance requirements are met Free access to HSBC ATMs at one of the largest networks worldwide No charge for wallet-style checks
Premier Investor Money Market Account As a Premier client, you'll have access to an exclusive high yield Investor Money Market Account. You'll receive this high yield on qualifying balances of $25,000 or more along with the security of being FDIC insured up to the maximum allowed by law. Maintain easy access to your funds and have the opportunity to add to your balance whenever you like.
Preferred Pricing HSBC Premier gives clients preferred pricing on many of our banking services and features, including: HSBC Premier MasterMoney® Debit Master Card® Card, with no monthly service fees and a generous daily withdrawal limit Preferred rates on CDs, which are assured of guaranteed growth, regardless of fluctuations in the market or decreasing deposit rates. Free self-to-self international fund transfers via secure Internet access to more than 40 different countries 50% off the annual rental of a small safe deposit box where available No issuance fees for travelers cheques, money orders, official checks and foreign drafts Discounts on select loans
Asset Management Daily sweep of your checking balance and brokerage cash balance into your choice of four HSBC Investor Money Market Mutual Funds HSBC Premier MasterCard® Card Your HSBC Premier MasterCard® Card is your passport to Premier service worldwide with a low, variable APR, no annual fee, a generous credit line and exclusive benefits through MasterCard® International, including: Extended warranty on almost everything you purchase Purchase assurance against theft or damage Price protection on credit card purchases $500,000 travel accident insurance Rental car collision damage insurance Year-end summary of card activity In addition, with HSBC Premier Rewards, you'll earn one point for every dollar you spend with your HSBC Premier MasterCard® Card, which can be redeemed on things like: A round-trip airline ticket good anywhere in the continental United States Travel discounts, shopping certificates from popular merchants and more Discounts on HSBC banking services, such as U.S. Savings Bonds To get you started, we'll give you 1,000 bonus points the first time you use your Premier MasterCard® Card.
Mortgages and Loan Discounts Below-market auto loan rates Faster response times for mortgage loan applications with HSBC Mortgage Corporation (USA)
Your HSBC Premier Relationship Manager and one of our financial professionals will help you customize your investment portfolio and achieve your financial goals. Learn more about Investment Management, Brokerage Services, Enhanced Online Trading, Asset Management, as well as some of the Additional Services that are available to our HSBC Premier clients.
Investment Management Discretionary portfolio management: A philosophy that enables us to capitalize on opportunities as they emerge in fast-moving markets. This service is ideal for those who don't have the time or expertise to manage day-to-day investments. Advisory portfolio management: A strategy that gives you comprehensive access to the world’s investment markets while you control the final investment decisions Investment Management Products and Features HSBC Spectrum Account SM SMA (Separately Managed Account) Manage risk with greater diversification Worldwide investment services Discretionary and advisory portfolio management services Discount Margin Line
Brokerage Services Discount Trading: Around-the-clock telephone access to all the world's major stock markets and securities at preferential commission rates Full Service: Comprehensive services and personalized attention to customize a portfolio that meets your precise needs News and market reports
Enhanced Online Trading Access to trading on your own Preferred commission prices Asset Management Link your brokerage account to your HSBC checking account to settle trades and transfer funds between accounts Borrow against the value of eligible securities in your investment portfolio at a discount by establishing a margin credit line
Additional Services Wealth and Tax Advisory Services: Receive assistance with conflicting tax requirements if you have assets and family members in different jurisdictions Insurance Advantages: A consultation with an Insurance Specialist is available to every new Premier client - with no obligation. Through our relationships with over 50 companies, we can craft an insurance solution tailored to fit your unique needs Retirement, Trust and Estate Planning: Build and preserve your wealth for the benefit of your family and help minimize your personal and estate tax liabilities
Wherever you travel, you'll receive special recognition at every HSBC branch office worldwide. And no matter where you are, your dedicated Premier Relationship Manager is always just a phone call or an email away. International Services include turnkey relocation services, portable HSBC credit history and free self-to-self transfers.
Relocation Services Your dedicated Premier Relationship Manager will take care of all your banking needs abroad before you leave home. In particular, we will ensure that your credit history with HSBC follows you so you have access to credit facilities for loans and mortgages. Also, your HSBC Premier checking and savings accounts and your HSBC Premier MasterCard® Card will be established prior to your arrival - complete with checkbooks, debit cards and PIN numbers. Additionally our relocation services include: Access to a dedicated Relationship Manager wherever you move Local knowledge about the culture/customs Offshore services for tax-efficient savings and investments
Portable HSBC Credit History The last thing you want to worry about when moving abroad is losing your established credit history. That's why as an HSBC Premier client, we'll ensure your HSBC credit history follows you wherever you move, so you can still access HSBC credit facilities.
Free "Self-to-self" Transfers Take advantage of free HSBC self-to-self international fund transfers via secure Internet access in more than 40 countries.
Whether traveling for business or pleasure, we've developed a unique set of benefits for our Premier clients. Your Premier Relationship Manager will help make sure your trip goes as smoothly as possible. They'll help with everything from worldwide access to concierge services and emergency travel assistance.
Worldwide Access We offer our HSBC Premier clients assistance whenever they travel, including: Free access to HSBC ATMs and $1,000 check cashing at any branch Airline schedules, prices and reservations Worldwide hotel and car rental information, prices and reservations Information that covers local customs and currency, passport and visa
Concierge Services HSBC Premier clients enjoy a wide range of concierge services, including: Access to sold-out shows and sporting events Referrals to restaurants and golf courses Purchase and delivery of gifts, including flowers, luxury chocolates and more.
Emergency Travel Assistance As an HSBC Premier client, we'll assist you with your emergency travel needs, including: Emergency cash through MasterCard® Card and Western Union® offices Lost/stolen passport or document assistance Lost/stolen travelers cheques or credit card assistance Emergency medical assistance Physician and hospital referrals Medical transport to a medical facility that can provide the care you need (actual transportation costs are your responsibility) Emergency messaging service – in medical situations, we'll assist you in relaying messages home or to a family member traveling abroad Emergency interpretation service – with online (telephone) translation Lost-luggage assistance
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HSBC employee newsletter, Dialogue, dedicated its summer 2005 edition to Premier Relaunch. Below are some interesting excerpts:
As a part of its effort to achieve double-digit revenue and deposit growth, HSBC relaunched its Premier package for the mass affluent market - a customer segment representing significant profit potential for the bank.
According to Kenneth Smith, senior vice president of the affluent customer segment, Premier households make up 3 percent of HSBC's retail household - yet control 35% of the retail bank's annual revenues.
"We expect there to be a virtual explosion in the affluent segment over the next 10 years," said Michael Vasami, senior vice president - Premier district executive, who notes that the typical individual in this market is 51 years old and has an average family income of $120,000. "It has a lot to do with the baby boomers... people will be retiring en masse... people will be inheriting assets, and all this will come together to radically change the marketplace."
Within the branch footprint, HSBC has about 9 percent market share in the mass affluent market and is aiming to grow to 14 percent through Premier over the next five years.
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In addition to reaching out to the broad affluent audience, HSBC has defined an emerging subset of this market - the Cosmocrats.
"Cosmocrats are a new economic force, defined by their attitudes and lifestyle, rather than just their bank accounts," said Kenneth, who notes that this demographic segment is expected to double to 40-million strong by 2010 worldwide. "Cosmocrats are truly international. They move freely throughout the world - embracing and exploring new experiences."
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HSBC's relaunched Premier package now includes about 10 proposition enhancements such as exclusive mortgage servicing and $10,000 in overdraft protection on Premier checking accounts. HSBC also modified criteria to qualify for Premier, and is building 10 to 12 Premier centers, which bring together a host of HSBC professionals - including a relationship manager, an investment advisor and a high-end wealth planner - who can collectively deliver a one-stop financial experience to customers.
EugeneV said:Free "Self-to-self" Transfers Take advantage of free HSBC self-to-self international fund transfers via secure Internet access in more than 40 countries.I would assume this is b/t 2 HSBC accounts, each based in the respective country ?
Alcibiades said:EugeneV said:Free "Self-to-self" Transfers Take advantage of free HSBC self-to-self international fund transfers via secure Internet access in more than 40 countries.I would assume this is b/t 2 HSBC accounts, each based in the respective country ?
I assume so, too. I wonder what the limits are - this could be HOT! I had Premier for a short time, while my parents' co-op downpayment money was on a joint account. Unfortunately, these transfers were not offered then.
What does it mean "Free self-to-self international fund transfers via secure Internet access to more than 40 different countries"? You can transfer money abroad for free, and you need to have 2 accounts - one in each country?
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