Personal checking account comparisons | HSBC


 

HSBC Premier

HSBC Advance

Choice Checking

Basic Banking

 
Key details        
 
Ideal when you:

Need exclusive products and services you can access globally

Want a banking account that helps make more out of your money

Are looking for value and convenience

Write only a few checks a month

 
Monthly maintenance fee

$50 per month, no fee if monthly minimum balance is maintained1

$25 per month, no fee if monthly minimum balance is maintained2

$15 per month, no fee with direct deposit or if monthly minimum balance is maintained3

$3 per month, up to 8 checks or withdrawals per month at no charge then $.35 per check

 
Monthly minimum balance

$100,000 in combined balances1

Maintain linked combined balances of at least $10,000 or at least $5,000 with a recurring direct deposit from a third party to an HSBC Advance checking account at least once per monthly cycle2

$1,500 in combined personal deposit and investment balances 3

None

 
Free Personal Internet Banking with Bill Pay

Yes

Yes

Yes

Yes

 
Free HSBC Debit MasterCard® Card

Yes

Yes

Yes

Yes

 
No fees at domestic HSBC ATMs

Yes

Yes

Yes

Yes

 
Monthly rebates on qualifying non-HSBC ATM surcharges in the U.S outside of New York State

Yes

(see disclosure4)

Yes

(see disclosure5)

No

No

 
Select Credit® For Overdraft Protection

Optional - Learn more

Optional - Learn more

Optional - Learn more

Optional - Learn more

 
eStatements

Available - Enroll now

Available - Enroll now

Available - Enroll now

Available - Enroll now

 
Great rates on relationship savings accounts

HSBC Premier Savings

HSBC Advance Savings

   
 
HSBC International Services

Complimentary

50% discount on account opening and credit transfer services6

Available for a fee

Available for a fee

 
Relationship Manager

Yes

No

No

No

 
No foreign transaction fees on debit card purchases

Yes

No

No

No

 
HSBC Premier World MasterCard® credit card

Yes

No

No

No

 
Terms and Charges

Terms and Charges *

Terms and Charges *

Terms and Charges *

Terms and Charges *

 
Online Disclosures

Online Disclosures

Online Disclosures

Online Disclosures

Online Disclosures

Overdraft Transaction Fees        
 
HSBC Select Credit® for Overdraft Protection:

(subject to credit approval)

$0   There is no fee for U.S. HSBC Premier Accountholders as long as eligibility requirements are met.

Learn more

Up to $10 maximum per day.7



Learn more

Up to $10 maximum per day.7



Learn more

Up to $10 maximum per day.7



Learn more

 
HSBC Credit Cards(optional)8        

HSBC Premier World MasterCard® credit card

$0  for HSBC Premier World MasterCard® credit card customers

Learn more

Not Available

Not Available

Not Available

HSBC Advance MasterCard® credit card

$10 or 3%, whichever is greater, will apply on the overdraft amount.

Learn more

$10 or 3%, whichever is greater, will apply on the overdraft amount.

Learn more

Not Available

Not Available

HSBC Platinum MasterCard® with Rewards credit card

$10 or 4%, whichever is greater, will apply on the overdraft amount.

Learn more

$10 or 4%, whichever is greater, will apply on the overdraft amount.

Learn more

$10 or 4%, whichever is greater, will apply on the overdraft amount.

Learn more

$10 or 4%, whichever is greater, will apply on the overdraft amount.

Learn more

HSBC Platinum MasterCard® credit card

$10 or 4%, whichever is greater, will apply on the overdraft amount.

Learn more

$10 or 4%, whichever is greater, will apply on the overdraft amount.

Learn more

$10 or 4%, whichever is greater, will apply on the overdraft amount.

Learn more

$10 or 4%, whichever is greater, will apply on the overdraft amount.

Learn more

 
Extended Overdraft Fee9

$0

$0

$0

$0

 
ATM and everyday debit card transactions

$010

We do not authorize and pay overdrafts for ATM and everyday debit card transactions unless you are using an overdraft protection plan to cover these transactions. An overdraft protection plan with available funds is necessary to have these transactions paid.

Additional Account Benefits        
 
No fee for official checks

Yes

No

No

No

 
Free select style checks

Yes

Yes

No

No

 
Mortgage and HELOC / HELOAN discounts

Yes, our best rates

Yes, attractive rates

No

No

 
Earn interest on qualifying checking balances

Yes

View Rates

Yes

View Rates

No

No

1 To qualify for an HSBC Premier relationship, you need to open an HSBC Premier checking account and maintain $100,000 in combined U.S. personal deposit and investment balances. Business owners may use their commercial balances to qualify for a personal Premier relationship. A monthly maintenance fee of $50 will be incurred if minimum balance requirements are not maintained.

2 To qualify for an HSBC Advance relationship, you need to open an HSBC Advance checking account and maintain combined U.S. personal deposit and investment balances of at least $10,000 OR at least $5,000 with a recurring direct deposit from a third party to an HSBC Advance checking account at least once per monthly cycle. Business owners may use their HSBC commercial balances to qualify for a personal HSBC Advance relationship. A monthly maintenance fee of $25 will be incurred if minimum balance or minimum balance with direct deposit requirement is not met.

Investments are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. HSI is an affiliate of HSBC Bank USA, N.A.

Investment Products:
ARE NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES ARE NOT FDIC INSURED ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES MAY LOSE VALUE

3 If direct deposit ceases, a $15 monthly maintenance fee will apply if balance requirements are not met. Qualifying direct deposits are electronic deposits of regular periodic payments made into your Choice Checking account through 3rd parties at least once per statement cycle. To avoid a monthly $15 maintenance fee for Choice Checking, you need to maintain direct deposit or $1,500 in total combined personal deposit and investment balances.

4 Available only on U.S. non-HSBC ATM transactions (except in New York State) initiated from HSBC Premier checking, Premier Asset Management, and HSBC Premier Savings account. HSBC will rebate qualifying ATM third-party surcharge fees incurred with a credit to your account on the first business day of the following calendar month.

5 Available only on U.S. non-HSBC ATM transactions (except in New York State) initiated from HSBC Advance checking. HSBC will rebate up to three qualifying ATM third-party surcharge fees incurred based on transaction date order during the calendar month. The rebate will be credited to your account on the first business day of the following calendar month.

6 50% discount on International Banking Center Services for opening HSBC accounts in qualifying countries outside of the United States.

7 $10 maximum per day. This fee may be charged each day an advance is made to pay overdrafts to your checking account with a minimum fee equal to the amount transferred to cover your overdraft(s) up to a maximum fee of $10 per day.

8 For more details on all HSBC Credit Cards, please follow the following link: http://www.us.hsbc.com/1/2/home/personal-banking/credit-cards. HSBC Credit Cards are issued by HSBC Bank USA, N.A., subject to credit approval.

9 HSBC does not charge extended overdraft fees.

10 For HSBC Premier checking accounts there is no charge or fee for overdrafts incurred at ATMs or with everyday debit card transactions.

Select Credit® for Overdraft Protection Accounts are issued by HSBC Bank USA, N.A., subject to credit approval and require a linked qualifying personal checking account relationship with HSBC Bank USA, N.A.

HSBC Debit MasterCard® cards are issued by HSBC Bank USA, N.A.

United States persons are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts. U.S. persons should consult a tax adviser for more information.

Deposit products are offered in the United States by HSBC Bank USA, N.A. Member FDIC.

MasterCard® and the MasterCard brand mark are registered trademarks of MasterCard International Incorporated.

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†† Investments, Annuity and Insurance Products:
ARE NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES ARE NOT FDIC INSURED ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES MAY LOSE VALUE

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