December 12, 2009
The HSBC Advance Savings account is still offered existing, grandfathered HSBC Direct Savings account holders. It also available to new customers as a separate account via Personal Internet Banking; however, no in-branch access is available. As well, new HSBC Advance Savings account holders will not receive a personalized, HSBC Advance debit card unless they enroll in the HSBC Advance package which includes a fee-free chequing account and HSBC Advance branded MasterCard.
Accounts become dormant after 12 months of inactivity (no customer-initiated debit or credit transactions within that period) and a fee is charged after two years, if no response to the two-year notice within 90 days of the two-year notice being sent. I believe it is $25.
Online bill payments are free from the HSBC Advance Savings account.
Hope that helps,