HSBC salary account opening experience

[Humanbeing]

So these are the benefits at first level.

• Platinum credit card LTF comes with the account (you can just select the check-box while opening the account, no need of separate application).
• 250 Rs Amazon voucher on completing VKYC for salary account or credit card.
• 100 Rs Amazon voucher on installing and activating UPI on HSBC Simply Pay UPI app
• 500 Rs Amazon voucher for spending Rs 5000 using Platinum credit card in first 30 days.
• 13000 Rs worth copouns via Thriwe membership, will get the membership details after first salary credit. (Some of which are useless though)

What’s the minimum salary criteria for opening account in HSBC? Can a person who has no tie up as corporate open account with them? If you could enlighten folks seeking for a salary account.

 

[Ram1]

Try with BOB. I recently moved to BOB for salary accounts.
You will get free debit cards and credit card.

Try SBI. (You will get no joining fees on credit card)

Which credit card you got from bob

 

[fradela]

Which credit card you got from bob

They promised Eterna as LTF before account opening.
After opened the account, they told that only Premier is LTF.

 

[cardio_guy]

What’s the minimum salary criteria for opening account in HSBC? Can a person who has no tie up as corporate open account with them? If you could enlighten folks seeking for a salary account.

As per what I read in their website, you can open HSBC salary account with a minimum salary of 25k and above.
Not sure about corporate tie-up.

 

[Ravimali]

Try with BOB. I recently moved to BOB for salary accounts.
You will get free debit cards and credit card.

Try SBI. (You will get no joining fees on credit card)

Can you elaborate on BoB salary account. What is your account variant at BoB.

 

[Ram1]

Salary account benefits page:

Apply for Baroda Salary Privilege Account | Bank of Baroda

Open a Baroda Salary Privilege Account and enjoy personalized banking solutions, higher withdrawal limits & convenient digital services. Apply for a salary privilege account today at Bank of Baroda.

www.bankofbaroda.in

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Ltf premier cc is scam lol. If premier cc gets approved due to salary account it will be conditional ltf only meaning will be converted to paid once salary status gone.

If one applies directly through website or agent, they can get ltf premier cc without any prior relationship

 

[Ram1]

They promised Eterna as LTF before account opening.
After opened the account, they told that only Premier is LTF.

scamsters, bob is very worst bank

 

[fradela]

Ltf premier cc is scam lol. If premier cc gets approved due to salary account it will be conditional ltf only meaning will be converted to paid once salary status gone.

If one applies directly through website or agent, they can get ltf premier cc without any prior relationship

I applied via online only. I think Premier is LTF for everyone.

Branch manager has no idea. Simply told that you would apply via online and given customer card email.

 

[fradela]

Can you elaborate on BoB salary account. What is your account variant at BoB.

SB 177. Privileged Salary account.

 

[Ram1]

Ltf premier cc is scam lol. If premier cc gets approved due to salary account it will be conditional ltf only meaning will be converted to paid once salary status gone.

If one applies directly through website or agent, they can get ltf premier cc without any prior relationship

I applied via online only. I think Premier is LTF for everyone.

Branch manager has no idea. Simply told that you would apply via online and given customer card email.

Yeah that's what I mentioned premier is ltf for everyone. Nothing to do with salary account.
Branch people scamming with wrong info.

Even my BM acted like he knew everything about credit cards. After account opening, he simply saying that's different entity from banking, u need to talk to credit card agent.

 

[mastervisa]

13000 Rs worth copouns via Thriwe membership, will get the membership details after first salary credit. (Some of which are useless though)

When do we get these coupons? Or we need to follow up?

 

[helloworld]

When do we get these coupons? Or we need to follow up?

between 60 to 90 days after 1st salary credit. no need to follow up, will come automatically.

 

[fradela]

between 60 to 90 days after 1st salary credit. no need to follow up, will come automatically.

Mostly useless. Not worth it.

 

[sidp]

. The next choice was DBS. But then I was a little skeptical at some point. Then I moved to HSBC.

Weren't DBS offering you vantage cc with treasure account? Why did you choose HSBC over DBS? Was there some branch specific issue?

 

[cardio_guy]

Weren't DBS offering you vantage cc with treasure account? Why did you choose HSBC over DBS? Was there some branch specific issue?

No I just wanted to try HSBC first, will go to DBS next (maybe after 6 months). Nothing specific as such.
I will actually need HSBC only after the monthly salary crosses 3L so that I will be eligible for Premier.
In the current situation, that will not happen in another 2-3 years.
So I thought of just opening an account now, keep it as basic savings account (0 MAB) for some years and then go back to Premier later once I am eligible.

Also, I think getting their credit cards (Platinum and Live+) is a bit easier with salary account than applying as NTB.
Lastly, if they bring some relaxations in the requirement for Premier, I will try my luck then.

 

[mastervisa]

What's advantage of premiere?
Edit: apart from debit card 5% (I guess this across all salary accounts and not specific to premiere)

 

[dipu_5]

i should expect cashback this month on 10th only right ? or i am expecting wrong . Do let me know ur input . Thanks in advance

Did you get the cashback for unipay txns?

 

[Vinay13]

Did you get the cashback for unipay txns?

I read somewhere on forum..its hit or miss and it takes 60 days to actually know it

 

[helloworld]

I read somewhere on forum..its hit or miss and it takes 60 days to actually know it

y e s

 

[ujjwal2024]

any servicibility pin code issue is there? or anyone from any pincode can open a salary account in HSBC?