HSBC Step Up Promo - Part 2

[earlyretire]

How do you count TRB? Based on holdings on last day of the month? Or its the average balance for the whole month?

i have 1 account that i deposited but seems that in Jan and Feb my balance was lower than 200k. I have more than 200k for entire march so far but i got hit.

my other account i think hit more than 200k for feb did not receive the email.

4 accounts is alot man though.. can get alot of 1% giro lol

As HSBC does not indicate the account number in its downgrade warning email, how would one know which account the warning is referring to if one has more than 1 EGA (sole + joint)?

 

[FlyGuardX]

premier has extra cashback for giro payment for those with high tax payment or giro bills.

do you mean there's a extra cashback for premier on top of the exisitng 1% EGA giro cashback?

oh man, this is no good.

Can share how many months your account below 200k ADB liao?

I really wanna keep the premier benefits

what premier benenfits that's good for keeping?

 

[F1ngolf2012]

Thank you bro!

Welcome! Bro.
Just to add that when my transfers were blocked, rather than waiting for a member of HSBC fraud team to call to verify the transfers were legit (which could be 1 business day according to their email/SMS/app notification), I called the CS hotline instead.

If the fraud team has updated the blocked transfers on the system, then CS will be able to help to verify the transfers and update the fraud team to release the block. This is a lot faster than waiting for the fraud team to call. Hope this helps.

 

[Squaredot]

Welcome! Bro.
Just to add that when my transfers were blocked, rather than waiting for a member of HSBC fraud team to call to verify the transfers were legit (which could be 1 business day according to their email/SMS/app notification), I called the CS hotline instead.

If the fraud team has updated the blocked transfers on the system, then CS will be able to help to verify the transfers and update the fraud team to release the block. This is a lot faster than waiting for the fraud team to call. Hope this helps.

thanks bro, your sharing certainly helps!

 

[wira]

do you mean there's a extra cashback for premier on top of the exisitng 1% EGA giro cashback?

Personal banking 1% giro cashback is capped at $300/mth. PRemier cap is higher at $500 per month.
the bonus interest is also slightly higher for premier.

By the way just got hsbc email. if my TRB still below $200K by end april, HSBC will auto downgrade me to personal banking.

 

[Mickey01]

Personal banking 1% giro cashback is capped at $300/mth. PRemier cap is higher at $500 per month.
the bonus interest is also slightly higher for premier.

By the way just got hsbc email. if my TRB still below $200K by end april, HSBC will auto downgrade me to personal banking.

Just curious, of the 3 months (Jan 2025. Feb 2025 and Month To Date Mar 2025), which month(s) were you below $200k TRB?

 

[Impur3]

Previously on Jan 2025 promo, didnt participate in Mar 2025 promo because move cash into tiger broker 6.8% promo and remaining in CIMB 3.2%. Last minute reg for Mar 2025 promo on the last day for the 2.9%. As per tnc, i dont see any fund xxx amount by xx date to qualify, only SMS to register. Am i right? if so i can just wack 1 sum on 01 apr 25 to enjoy 2.9% + 1% for Everyday+. May 2025 will be on 2.9% which beats the SCB e-saver 2.5% for Apr & May 2025.

 

[GrandJedi]

All the usual banks with competitive rates have yet to publish their April rates.....

 

[Uramasa]

Any sneak peak on April to June EGA rates going to be?

 

[yiron]

All the usual banks with competitive rates have yet to publish their April rates.....

Likely due to 31 Mar being PH. We should see something later today.

 

[yiron]

Any sneak peak on April to June EGA rates going to be?

If SORA is any indication, it's gonna be lower than Mar, just a matter of how much.

 

[kyiori]

my parent just signed up new ega account on late march 2025.

is there any restriction to register for april 2025 ega promo for new sign up account?

 

[coconut1]

my parent just signed up new ega account on late march 2025.

is there any restriction to register for april 2025 ega promo for new sign up account?

not eligible for promo

https://forums.hardwarezone.com.sg/threads/hsbc-step-up-promo-part-2.6319480/page-667#post-155456904

 

[GrandJedi]

https://www.hsbc.com.sg/content/dam...y-global/tnc-ega-bonus-interest-promotion.pdf

what is "wealth product"? can I just get $1k of some unit trust to meet the wealth holding criteria??

 

[kyiori]

not eligible for promo

https://forums.hardwarezone.com.sg/threads/hsbc-step-up-promo-part-2.6319480/page-667#post-155456904

seriously? they are restricting new customer for ega promo?

 

[Uramasa]

April rates is out 2.75% p.a + 1% = 3.75% for normal member.
Reference will be on ADB March 2025.

 

[GrandJedi]

April rates is out 2.75% p.a + 1% = 3.75% for normal member.
Reference will be on ADB March 2025.

Any idea what is the minimum you can do to meet the "wealth holding" criteria?

 

[coconut1]

seriously? they are restricting new customer for ega promo?

yes, double confirmed with RM who checked with the product team

 

[kyiori]

yes, double confirmed with RM who checked with the product team

Appreciate your response. Thanks.
I was sharing with my family about the good interest from EGA and didn’t know the rules. Somehow I find it ridiculous stupid.. Sigh...

 

[CaptainWu]

April rates is out 2.75% p.a + 1% = 3.75% for normal member.
Reference will be on ADB March 2025.

Not bad till June and Eveyday Rewards still in effect. They are changing the Everyday Rewards terms though.