According to HSBC Singapore filings, the bank has renewed its Fund and Fly campaign until September 30, 2026, introducing stricter maintenance terms while expanding eligible product classes to include investments and insurance. Under the updated promotion running from August 1 to September 30, 2026, new Everyday Global Account (EGA) holders depositing between $50,000 and $600,000 in fresh funds can earn from 12,000 up to 200,000 bonus miles.
Eligibility Requirements and Fresh Fund Tiers
The updated campaign is open to customers who do not have an existing HSBC Personal Banking account and did not maintain a Personal Banking, Premier, or Premier Elite relationship during the 12-month period prior to August 1, 2026, according to bank terms. Both new and existing HSBC credit cardholders can participate, though a valid credit card is required to receive the bonus HSBC Points.
Bonus rewards scale across five distinct deposit tiers:
- ≥S$50,000: 30,000 HSBC Points (up to 12,000 miles)
- ≥S$100,000: 70,000 HSBC Points (up to 28,000 miles)
- ≥S$200,000 (HSBC Premier): 150,000 HSBC Points (up to 60,000 miles)
- ≥S$300,000 (HSBC Premier): 250,000 HSBC Points (up to 100,000 miles)
- ≥S$600,000 (HSBC Premier): 500,000 HSBC Points (up to 200,000 miles)
Pro Tip: HSBC Points can be transferred to 20 airline and hotel partners, but conversion ratios vary widely. For instance, Singapore Airlines KrisFlyer operates at a 25,000 to 10,000 ratio, while other partners require up to 50,000 points for 10,000 miles, according to the rewards schedule.
Extended Maintenance Period and Product Flexibility
Compared to the April launch edition, the fresh fund maintenance period has increased from three months to five months, according to program updates. For an EGA opened in August 2026, funds must be deposited by August 31, 2026, and maintained until January 31, 2027, with bonus points credited by March 31, 2027.
However, participants are no longer restricted solely to low-yielding bank deposits. Fresh funds can now be placed into eligible investment or insurance products to meet the threshold, according to campaign guidelines. Eligible categories include unit trusts, bonds, structured products, equities, foreign exchange transactions, Dual Currency Plus, and single or regular-premium insurance policies. Exclusions apply to products cancelled within cooling-off periods, CPF-linked investments, instruments without an initial sales charge, and specified money market funds like the Fullerton SGD Cash Fund and various HSBC liquidity funds.
Stacking Restrictions and Card Perks
The Fund and Fly promotion cannot be stacked with the Everyday Global Account Bonus Interest Promotion, which currently yields 1.68% p.a. on incremental fresh funds up to $5M, according to promotional disclosures. Depositors will forego bonus interest on incremental deposits during the five-month maintenance window.
Conversely, EGA holders maintaining a minimum average daily balance (ADB) of $50,000 in sole deposits unlock enhanced earn rates on the HSBC Revolution credit card, jumping from 4 miles per dollar (mpd) on a $1,000 monthly cap to 8 mpd on up to $1,200 of bonus-eligible spending, according to card terms.
Comparison with SingSaver and Premier Mastercard Offers
The revival of Fund and Fly coincides with a reduction in the welcome bonus for the HSBC Premier Mastercard, which was cut to 58,200 bonus miles and a $200 Apple voucher for applications submitted between August 1 and September 30, 2026, with a cap of 800 applicants, according to bank notices.
New HSBC Premier customers can stack the Premier Mastercard welcome bonus with Fund and Fly. A deposit of $200,000 yields a combined 118,200 bonus miles plus the $200 Apple voucher. Alternatively, applicants can bypass Fund and Fly to choose a SingSaver sign-up promotion requiring a $300,000 deposit, which awards a choice of $1,600 cash, an Apple MacBook Air 15.3-inch (M4), or 105,000 Max Miles, according to campaign terms.
Did you know? HSBC Point transfers are free of charge and processed instantly for most partners, though Hainan Fortune Wings Club and Japan Airlines Mileage Bank require up to 5 and 10 business days respectively, according to the bank’s loyalty rules.
Frequently Asked Questions
Can existing HSBC customers participate in Fund and Fly?
Yes, both new and existing cardholders can participate, provided they did not hold an HSBC Personal Banking, Premier, or Premier Elite relationship during the 12-month window prior to August 1, 2026, according to the terms and conditions.
What happens if I withdraw my funds before the five months end?
Failing to maintain the required fresh funds through eligible deposits, investments, or insurance for the full five-month period will result in forfeiture of the bonus HSBC Points, according to bank policy.
Are money market funds eligible for the investment placement option?
No, specified money market funds including the Fullerton SGD Cash Fund, HSBC US Dollar Liquidity Fund, and other regional liquidity funds are explicitly excluded from the eligible investment list, according to the official rules.
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