The HSBC Premier Chequing Account is at the forefront of the Canadian banking industry. The account comes with top perks like priority service, exclusive privileges and global support that you can extend to your immediate family.

If you’ve been searching for a new account, the HSBC Premier Chequing Account may be just what you’re looking for. Want to know why? Check out this review.

Key Account Details

• No monthly fees (Terms and conditions apply)
• A dedicated Relationship Manager
• Unlimited withdrawals and deposits in Canadian and US Dollar
• Priority services
• Global support
• FREE Interac e-Transfer fees
• Apply through this secure link for $80 cash back rebate (Offer valid until June 23)

HSBC Premier Chequing Account Top Features

Here are some of the benefits of the HSBC Premier Chequing Account:

1. No monthly fees

No monthly fees for the first six months. After that, you will need to meet certain conditions to qualify for a fee waiver.

2. You can use your account in other countries

If you’re a traveller, no doubt you’ve had to deal with foreign transaction fees at some point. HSBC’s HSBC Premier Chequing Account Benefits can save you from high fees when using your account in other countries. What’s more, if you’re in the U.S., Canada or the UK, you may even be able to avoid foreign transaction fees with your HSBC Debit Mastercard. And HSBC offers emergency financial support at any of their HSBC branches located around the world.

3. Emergency financial support

Did you know that you can go to any HSBC bank worldwide if you lose your card while on vacation? It’s true, thanks to their Global Emergency support that is always available at any branch, no matter where you currently are in the world at that time. It’s just another great reason to get this HSBC Premier Chequing account today!

4. Relationship Manager

Your Relationship Manager is available to help you once you sign up. They’re there for advice and guidance, to help answer your questions, and assist with setting up other accounts with HSBC like your mortgage, credit card and investments. These relationship managers have extensive knowledge in many fields of business, including insurance, car loans, credit cards, mortgages, investments and wealth management. They are there 24 hours a day, seven days a week, to help you with your financial matters.

HSBC Premier Chequing Account Downsides

The HSBC Premier Checking account is hard to beat for frequent travellers, but it may not be the best fit for your needs.

For example, HSBC Bank charges a monthly maintenance fee to its Premier Checking Account holders unless they have a minimum balance combined in personal deposits and investments or a personal mortgage with an original amount of $500,000 or more.

Compared with other checking accounts, these requirements are pretty high. So those who do not qualify could actually lose money because the maintenance fees outweigh the interest earned. However, HSBC Advance Chequing Account may be a viable alternative if you do not meet any of the requirements.

Furthermore, if you decide to close your account at some point, you will have to pay $25. (See also: Will Closing My Bank Account Affect My Credit Rating?)

In conclusion

If you are a frequent traveller or someone who regularly moves money overseas, the HSBC Premier Chequing Account may be worth it. Use this Chequing Account benefits as a means to your own goals, and discover a flexible and easier way to bank.