HSBC Mortgage: Moved to RBC in 2024

HSBC Mortgage at a glance

HSBC provided Canadians with mortgages, credit cards, bank accounts and more, from 1981 to 2024. It was acquired by RBC, and all customers and products were moved to that brand.

The Royal Bank of Canada completed its acquisition of HSBC Bank Canada in April 2024. All of HSBC’s branches, products and services have migrated to RBC. HSBC is not accepting new mortgage applications.

Read Our RBC mortgage review

Former HSBC customers now have RBC access. If HSBC was servicing your mortgage, you should be able to manage your account through RBC, according to RBC’s website. This includes lines of credit and home equity lines of credit.

Be on guard for fraud. RBC states that it will not ask for your banking information, personal details, usernames or passwords through email, text or over the phone unless you contact RBC first.

For more information about how your existing mortgage may be affected by the transition to RBC, contact a bank representative directly by visiting an RBC branch or calling RBC at 1-800-769-2503.

HSBC history

HSBC was founded as The Hongkong and Shanghai Banking Corporation Limited in 1865 to support trade activities connecting Europe, India and China. It grew to become one of the world’s largest banks, serving nearly 40 million customers in more than 60 countries.

HSBC operated in Canada since 1981. While it wasn’t officially considered one of Canada’s Big Six banks, it was a major force in the banking landscape.