$25 Gift Certificate For Using HSBC Checking Online BillPay
I just got a phone call from HSBC notifying me that they are offering a $25 SuperCertificate for paying 3 bills online (offer code billpay) by May 26th (although the site currently says 4/23) through their Online BillPay service. You’ll need an HSBC Checking account. I plan on just sending $1 to three utilities, so I don’t have to actually break my usual billpay routine. If I overpay now I’ll just pay less next month. Already got $25 and $50 from HSBC, time for more free money!
Find more in Deals & Offers | 5/2/06, 5:25pm | Trackback
May 2nd, 2006 at 6:28 pm
I just went to that link, but since I’ve already got a Personal Online Banking account I just logged in and enrolled in Bill Pay. There isn’t any place to type in the offer code, so I don’t know if I’ll get the gift cert. after paying 3 bills. We’ll see…
May 2nd, 2006 at 6:33 pm
Yeah, I don’t think there is anything to actually sign up for if you already have an account.
May 2nd, 2006 at 6:55 pm
Why all the banks are promoting online bill pay? What kind of gain do they make?
May 2nd, 2006 at 7:36 pm
Sorry off topic, but the I Bonds rate for May 1 to October 31 was announced. The rate will be 2.41% with the fixed portion being 1.4% and the variable 1%. Apparently the inflation rate between September 2005 through March was only 1%.
After the 6 month period at 6.73% expires, this savings vehicle is no longer attractive.
May 2nd, 2006 at 7:47 pm
“Why all the banks are promoting online bill pay? What kind of gain do they make?”
The same reason credit cards give you 5% back on gas. They want to give little incentives for you to make their product the main if not only one that you use. If you use it for gas, you’ll probably also use it for other stuff that they’re not giving you 5% back on.
Most people only keep a few credit cards in their wallets/purses, and most people only use one main checking account. Chances are, the main checking account is the one you pay your bills with.
May 2nd, 2006 at 9:48 pm
They figure you’d eventually slip and forget, and then they raise the bill pay fees and get you!
May 3rd, 2006 at 4:38 am
Is there anyway people who alreqady have online banking and bill pay to get that 25$ ? I have sugned uo for bill pay but never used it…
May 3rd, 2006 at 7:14 am
The banks make $ on the float (interest) from the time you initiate a bill pay until the check is cashed and actually clears. When you use bill pay, the funds are deducted out of your account almost immediately. When writing a traditional check, the money (and interest) is yours until the check clears. For the big banks, they end up getting to keep the interest on tens (or maybe even hundreds) of millions of dollars until the funds clear.
May 3rd, 2006 at 12:37 pm
JS, this is not true. At least not always. I’ve used bill pay with Citizens Bank and Bank of America. Both do not debit my account until the check is actually deposited.
May 3rd, 2006 at 1:07 pm
Vlad,
HSBC works this way as well. They do not debit your account until the check clears, unlike some other banks. My only thought is that the majority of the bill pay checks are electronic, so it probably saves them check processing fees.
May 3rd, 2006 at 6:19 pm
Did anyone else confirm this deal? I just called a CSR about this, they talked to their sales department, they talked to their their internet department, and the net result was them believing the deal was expired. They said if I had something printed or on their website that confirms a different expiration date, they would honor it.
May 5th, 2006 at 9:17 am
Any chance that $50 offer is still valid for opening a Smart Checking package with HSBC? If anyone has any links or that sort, would be helpful..