HSBC Student Chequing Account

Today, students need every penny they can get their hands on. Thankfully, HSBC had your back with the HSBC Student Chequing Account. The HSBC account is designed to help you save when you least expect it. The account comes with no monthly fee, no minimum balance requirement, and the ability to access your money using the HSBC Mobile Banking app.
Want to know more about the HSBC Student Chequing Account? Check out this review.

Key Account Details

The HSBC Student Chequing Account Benefits

The account offers several benefits, including:

1. No monthly fee

Duress. That’s the word that comes to mind when I think of bank account fees. Now you can avoid them at HSBC. HSBC Student Chequing Account does not charge monthly fees, making it one of the most affordable options for students. So, for students who are looking to save money on banking fees, this account is a great choice.

2. No monthly minimum balance

There is no minimum balance requirement for this account. So, it is ideal for students who don’t have a lot of cash to spare.

3. Free withdrawals from your account at HSBC Bank Canada or THE EXCHANGE Network ATMs

You can withdraw money from your account anytime and as many times as you need to, with no charge (except for non-HSBC ATMs).

4. Unlimited transactions

You can make unlimited transactions from your chequing account as long as you have enough money in it. There is no transaction fee for using this account. You also get unlimited Interac e-Transfers and free mobile cheque deposits. Using Interac e-Transfer, you can send, request and receive money anytime, anywhere in Canada to anyone with an email or mobile phone.

5. Build your credit

The account offers an HSBC credit card with a minimum $1,000 credit limit. So this could be a good starting point for building your credit score.

6. Secure Mobile & Online banking

HSBC’s student chequing account is a great choice for students who want to enjoy the convenience of banking online.

Eligibility requirements

To be eligible for this account, you must satisfy these two requirements:

  • You must be a Canadian resident who is at least 17 years old
  • studying full-time at a college or university

The HSBC Student Chequing Account Downsides

Its major drawback is that withdrawals within Canada from non-HSBC and exchange networks cost $1.50 each. And withdrawals outside of Canada cost $5.

In conclusion

The HSBC Student Chequing Account offers you the flexibility you’ll need as a student. You won’t find a better student chequing account anywhere with unlimited transactions and no monthly fee. Plus, you can use it anywhere in Canada without paying expensive ATM fees.
Keep your money safe while you save your way and bank your way with HSBC.

By Diane Bowen



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