HSBC Bank in Canada

HSBC Bank has a vast global presence with branches and operations all around the world. However, in Canada, HSBC Bank was acquired by the Royal Bank of Canada (RBC), marking the end of HSBC Bank’s function as an independent bank. The acquisition was announced in November of 2022 and was completed in March of 2024.

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HSBC Bank Canada Branches

HSBC Bank no longer has a functioning branch in Canada. HSBC Bank branches were integrated with RBC during the acquisition. RBC has more than 1,100 branches in Canada, and former HSBC Bank customers can visit them for any assistance. Some locations are:

  • Toronto, Ontario
  • Vancouver, British Columbia
  • Montreal, Quebec
  • Calgary, Alberta
  • Halifax, Nova Scotia

Royal Bank of Canada Toronto Address

Since customers' accounts have also been transferred to the RBC, former HSBC Bank customers can visit this location, among others, to get assistance with their HSBC Bank accounts.

Office Address 200 Bay St - Main Floor, TORONTO, ON
Transit #: 2
Working Hours Monday to Friday: 9:30 AM to 5 PM

Royal Bank of Canada Vancouver Address

The given address is the RBC main branch in Vancouver. Customers can visit this address for any queries.

Office Address 1025 W Georgia St, VANCOUVER, BC
Transit #: 10
Working Hours Monday to Friday: 9:30 AM to 5 PM
Phone Number 604-665-6991

Royal Bank of Canada Montreal Address

This is another RBC branch that former HSBC Bank customers can visit for any enquiries.

Office Address 1 Place Ville Marie-Ground Flr, MONTREAL, QC, Transit #: 1
Working Hours Monday to Friday: 9:30 AM to 5 PM
Phone Number 514-874-7222

Note: The given addresses are Royal Bank of Canada’s branches and not HSBC Bank's. HSBC Bank no longer has branches in Canada, and former customers of the bank must visit RBC branches or contact them through their contact details for any queries.

HSBC Bank NRI Services

Since HSBC Bank no longer operates in Canada, in-branch NRI account opening cannot be done. NRIs (Non-Resident Indians) won't be able to get assistance with opening an NRI account; however, they still can open an account through HSBC Bank India. Whether you are interested in investment plans or savings, an NRI account with HSBC Bank India can help.

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Conclusion

Although HSBC Bank does not operate in Canada anymore, NRIs can still access its NRI services online. For customers interested in NRI investment options in India, opening an account with HSBC Bank India can help them access their investment goals more easily. For more information, you can always contact HSBC Bank India and get information according to your needs

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FAQs

  • 1. Can I open an HSBC Bank NRI account online?

    Yes, you can open your account online by using the bank's mobile app or through online banking. Functions like transferring money and updating information are all available.
  • 2. Can an NRI account be opened from Canada itself?

    Yes, however, the only option is to open your account by yourself online at HSBC Bank India’s portal. Since HSBC Bank no longer operates in Canada, the bank cannot offer in-branch assistance.
  • 3. Will I be able to maintain my NRI account without visiting an HSBC branch?

    Many actions can be done online, like opening an account or transferring money. But, in some rare cases, it becomes necessary to visit the bank branch as well.
  • 4. What is the difference between an NRE (Non-Resident External) and an NRO (Non-Resident Ordinary) account?

    NRE accounts are usually used to deposit money that is earned outside of India. While NRO is the opposite, money earned in India is usually deposited in this account.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

*Past 10 Year annualised returns as on 01-09-2026
*All savings plans are provided by the insurer as per the IRDAI approved insurance plan. Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
**Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).
^Returns as on 10th Jan'25. 18% returns for Tata AIA Life Top 200 for the last 10 years.The past performance is not necessarily indicative of future performance. Source: Morningstar

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