Can You Add Beneficiaries to an HSBC Direct Online CD Account?

By Joshua Duvauchelle

Overview

A beneficiary is an individual who will receive and control your financial assets if you become sick, ill or pass away. While your heirs may be able to receive your assets postmortem even if you did not name them, adding a beneficiary to your financial accounts will make the process of transferring funds easier in the case of your death. The process of adding a beneficiary to an HSBC Direct Online banking and certificate-of-deposit (CD) account takes a few days to process, but will save your family considerable time and effort if anything happens to you in the future.

Step 1

Visit the HSBC Direct Online website (see Resources below).
Step 2

Click the "Account Access" icon in the top right-hand corner of the web page.

Step 3

Enter your HSBC Direct account name and click "Continue."
Step 4

Type your password into the password box on the page that appears, then enter your security code using the on-screen keyboard (the on-screen keyboard adds another layer of protection to your HSBC account). Once you've entered your log-in information, click "Continue" at the bottom of the window.
Step 5

Select "BankMail" at the bottom of the left-hand menu bar of your HSBC Direct account. A pop-up window will appear.
Step 6

Click "Compose BankMail" at the bottom of the pop-up window.
Step 7

Select "Online Banking" in the drop-down menu under the "Subject" header. In the body of the BankMail, request to add a beneficiary to your HSBC Direct Online CD by sending the name of your chosen beneficiary to a representative in HSBC's Customer Relationship Center. You may only add one beneficiary.
Step 8

Check that you receive confirmation from the Customer Relationship Center that your beneficiary has been added to your HSBC CD account.

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