How I Get $60 Cash Credit Rewards From HSBC Account Opening

I would like to share the recent promotion from HSBC on their Everyday Global Account (EGA) personal banking account opening.  

I will share with you the process I gone through to qualify for the rewards. 

What you need to do in order to qualify for their “Welcome Reward” of $40 cash credits? 

1. Open an Everyday Global Account.
   What I learned was if you are New To Bank Customer, you may open the account directly from their website. For my case, which I already holding their Credit Card, I was not able to apply directly from their website and I will need to head down to one of their nearest branch.
2. Download and successfully log in to HSBC Singapore mobile banking app.
3. Remember to opt-in for their marketing communications.
4. Deposit fresh funds of at least $5,000 every month in a single transaction into your Everyday Global Account for at least 2 consecutive months. 

Table reference extracted from HSBC Terms & Conditions for the eligibility of $40 cash credits reward. 

You may qualify for another $20 cash credit off their “Bonus Reward” following the steps below: 

1. Perform a minimum of 5 transactions (in any amount) with your HSBC personal Credit Card or if you don’t have their Credit Card, you may also perform the same of 5 transactions on your HSBC Everyday Global Debit Card.
2. Do take note that you have to perform the 5 transactions of spending each month for at least 2 consecutive months. 

Table reference extracted from HSBC Terms & Conditions for the eligibility of $20 cash credits reward. 

You may refer to their Terms & Conditions for more details explanation.

2 things you must take note in order not to get charged:

1. Maintain at least $2,000 in your account every month to avoid the charges of average daily balance falls below fee.
2. Do not close the account within 6 months from the date of your account opening. 

Do act fast if you don’t want to miss out on the rewards, as their promotion is only valid from 1 October to 31 December 2021.

You may refer to their website for more details on the promotion and benefits of HSBC Everyday Global Account (EGA).  

Please note this is NOT A Sponsored Post  from HSBC. It is just purely a personal sharing on how to get the rewards to my readers. 

 

Syfe Singapore Review - How Can You Get Started?

What is Syfe?

Syfe is a digital wealth manager licensed by the Monetary Authority of Singapore under a Capital Markets Services License (License No: CMS100837) for conducting retail fund management activities. We offer fully-managed investment portfolios for everyone, making it easier for all to reach their financial goals. 

I have been searching for a Robo advisor that allows me to invest in REIT funds and Syfe seems like the only Robo which cater for this fund. 

Their REIT+ fund allows you to select a risk management option, which seems to be a good option for those with low risk appetite.

Its past performance indicates a return of 4.6% – 5.1% per annum and it makes me feel that the management fee of 0.4% - 0.65% is absolutely worth it.

I think it is a very good opportunity if you would like to try out Syfe investment tool. As a new sign up with my referral code, you will receive a 6 months fee waiver on their first S$30,000 investment. This is really a generous offer by Syfe for you to hands-on with your investment using Robo advisor platform. 

Sign Up Experience

The sign up experience was pretty convenience and straight forward process. You can sign up either using web browser, or download the Syfe apps on your mobile. It is so simple using MyInfo sign up approach, where your application could even get instantly approved. 

Top Up and Withdrawal Experience

Their top up feature was quite straightforward using PayNow option. My top-up was reflected in just half an hour within the business day. Syfe also offers other options for top-up such as FAST transfer and Wire Transfer. 

Update as of 26 June: There is a new Referral Programme from 15 March 2021 onwards. Promotion is still ongoing.

• Referral Code: SRPRZYMJN
• Syfe Referral Program - Connect

I am willing to give 55% of my part of referral reward (which is up to $55) to you, in cashback! This is on top of the Syfe's welcome gift.

For example (with reference to the pictures below):

·       You open a Syfe account and is later approved. You make the first deposit of 10,000 SGD into REIT+/Equity100/Global ARI or Core

• From Syfe, you will get 6 months managed free, up to the first $30,000
• From me, you will receive $27.50 cashback (55% of what I receive)

Please send me your Syfe Username and mobile number for paynow/paylah once your registration is completed and deposited with funds.

• Telegram: @wnuff

Feel free to drop me a text/comment for any queries. Thank you in advance for using my referral code!

Precautions when opening a Syfe account:

• Please take caution to not use Syfe's own promo code of e.g. "Syfewaiver" because only one referral/promo code is allowed and in this case, Syfe will choose the apply its own code instead. I will not be able to offer you cashback since I do not get any referral reward.
• Do note the difference in referral reward when you deposit fund into Syfe Core/ Equity100/ REIT+ or Global ARI portfolio vs Syfe Cash+ portfolio.

Syfe holds a CMS license issued by the Monetary Authority of Singapore. The CMS is essentially more of a fund management license versus an advisory one. The primary advantage is that it allows them to chop and change the composition of their product without the constant authorization of the clients.

Disclosure: This is NOT a sponsored post. All opinions are of my own.