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HSBC Advance

Whether you’re switching careers, starting a family, or moving abroad, HSBC Advance¹ is designed to help you through all of life’s changes. We make it easy to manage your finances whenever and wherever it suits you.

Why join Advance?

Advance is built with your needs in mind.

  • No HSBC fee when using third-party ATMs3; up to 4 qualifying ATM third-party surcharge fee rebates per month4

  • With the HSBC Advance Credit Card5 you can earn an Introductory 3X Points on dining and select entertainment purchases, and 2X Points on all other purchases in the first year, up to the first $25,000 in purchases. After that, earn 2X Points on dining and entertainment purchases, 1 Point per dollar on all other purchases7

  • Preferential savings rates

  • Earn up to $2,000 when you refer friends who open a qualifying HSBC checking account

    Learn More

What are the benefits of Advance?

  • Banking relationship that gives you up to qualifying 4 ATM third-party surcharge 
    fee rebates a month4
  • Mobile8 and online banking
  • Exclusive credit card5 with enhanced rewards program with no Annual Fee6 for Advance customers
  • Online tools designed to help you reach your goals
  • 24/7 dedicated Priority Phone Support: 866.584.HSBC (4722)

Friendship is rewarding even when you’re apart.

Get rewarded up to $2,000 when you refer friends who open a qualifying HSBC personal or business checking account.

 Little Boy & Dog

How to apply for HSBC Advance

Important Service Announcement

Effective May 26, 2021

Last year, we at HSBC Bank USA, N.A. (“HSBC” or “the Bank”) set out on a journey to be able to better cater to our clients’ needs globally and from a wealth management perspective. You may have seen a recent announcement from us about the next phase of this plan. As a result of this new focus for HSBC, we are streamlining parts of the Bank. This decision was not made lightly, but is necessary for us to best position the Bank for the future. As part of this, some of our branches, clients, and employees will be transitioned to another financial institution in the coming months. 
 

What this means for you

If you are:

  • An existing HSBC customer who is opening a new deposit account or applying for unsecured credit, and you have been notified that you’re being transitioned; or
  • A new HSBC customer who is applying for unsecured credit or opening any other deposit account than an HSBC Premier checking, savings or credit card account; or
  • A new or existing HSBC Retail Business Banking customer who is opening a new deposit account or applying for credit, then*

    * Any HSBC account(s) opened or applied for today will be transitioned to a new financial institution in the near future.
     
  • If you are interested in insurance or investments, please contact an HSBC Securities (USA) Financial Consultant. 

 

More details and FAQs can be found at us.hsbc.com/GoingForward

Apply online

New to HSBC?

Apply for an HSBC Advance checking account

HSBC Customer?

Log on to Personal Internet Banking to apply for an HSBC Advance checking account

Call us

Contact us at 844.374.9016

Visit a branch

Come in to a branch and speak with a representative

Eligibility Criteria

To qualify for an HSBC Advance relationship, you are required to:

  • Open an HSBC Advance checking account; and
  • Maintain combined balances in U.S. Dollar personal deposits accounts and investment* balances of at least $5,000 OR a recurring direct deposit from a third party to an HSBC Advance checking account once per calendar month OR an HSBC U.S. residential mortgage loan.
  • Business owners may use their qualifying HSBC U.S. Dollar commercial balances to qualify for a personal HSBC Advance relationship.
  • A monthly maintenance fee of $25 will be incurred if one of these requirements is not maintained.

 

1 To qualify for an HSBC Advance relationship, you need to open an HSBC Advance checking account and maintain balances of $5,000 in combined U.S. consumer and qualifying commercial U.S. Dollar deposit and investment* accounts OR a monthly recurring direct deposit from a third party to an HSBC Advance checking account OR an HSBC U.S. residential mortgage loan. Home Equity products are not included. A monthly maintenance fee of $25 will be incurred if one of these requirements is not maintained.

2 To qualify for an HSBC Premier relationship, you need to open an HSBC Premier checking account and maintain balances of $75,000 in combined U.S. Dollar personal deposit accounts and investment* balances OR recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s) per calendar month OR an HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000. Business owners may use their qualifying HSBC U.S. Dollar commercial balances to qualify for a personal Premier relationship. A monthly maintenance fee of $50 will be incurred if one of these requirements is not maintained.

3 You may be charged additional fees by the ATM operator or network used including a fee by another HSBC entity operating ATMs outside the U.S. Foreign currency conversion rates may still apply.

4 Available only on U.S. non-HSBC ATM transactions (except in New York State) initiated from HSBC Advance checking, HSBC Advance Savings, and HSBC Promotional Advance Savings. HSBC will rebate up to four 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.

5 HSBC Advance Mastercard® credit cards are issued by HSBC Bank USA, N.A., subject to credit approval and require an U.S. HSBC Advance1 or Premier2 relationship. To learn more, speak with an HSBC branch representative.

6 HSBC Advance Mastercard® credit card: The information about the costs and benefits of the card described is accurate as of {{currentDate}}. The information may have changed after that date. To find out what may have changed, call 1.888.385.8916. The 0% Introductory APR does not apply to cash advances and overdrafts. Balance transfers must be posted within the first 60 days following Account opening. After the Introductory Period, a variable Purchase APR of 14.99% or 18.99%, depending on your creditworthiness, will apply to credit card purchases. After the Introductory Period, a variable Balance Transfer APR of 14.99% or 18.99%, depending on your creditworthiness, will apply to balance transfers. The variable Cash APR applies to cash advances and overdrafts and is 24.99%. Your APRs may increase to the variable Penalty APR of 29.99% if you fail to make a minimum payment to us when due. These APRs will vary with the market based on the Prime Rate. For each billing cycle, variable APRs are calculated by adding a specified amount (“Spread”) to the U.S. Prime Rate published in the Money Rates table of The Wall Street Journal that is in effect on the last day of the month (“Prime Rate”). If the Prime Rate changes, the new APRs will take effect on the first day of your billing cycle beginning in the next month. The Minimum Interest Charge is $1.00. A Balance Transfer Fee of either $10 or 4%, whichever is greater, will apply on each balance transfer. A check fee of either $10 or 4%, whichever is greater, will apply on each check written for purposes other than Balance Transfer. A Cash Advance Fee of either $10 or 5%, whichever is greater, will apply on each cash advance transaction. A $0 Annual Fee will apply for HSBC Advance MasterCard® credit card Account customers who have a qualifying U.S. HSBC Advance1 or U.S. HSBC Premier2 checking account relationship. A $45 Annual Fee will apply for HSBC Advance MasterCard® credit card Account customers who no longer have a qualifying U.S. HSBC Advance1 or U.S. HSBC Premier2 checking account relationship. The Annual Fee will not be assessed to your credit card Account within the first year of Account opening. An Overdraft Transaction Fee of $10 or 5%, whichever is greater, will apply on the overdraft amount, if applicable. Summary of Terms can be accessed here.

7 For the first $25,000 in new purchases within the first twelve (12) months from Account opening, you will earn three (3) Rewards Points (“Points”) per dollar on dining and select entertainment purchases, and two (2) points per dollar on all other purchases. After the first $25,000 in new purchases, or the first year, whichever comes first, you will earn two (2) points per dollar on dining and entertainment purchases, and one (1) point per dollar on all other purchases. Points do not apply to account upgrades, account transfers, balance transfers, credit card checks, cash advances or overdrafts. Your HSBC Advance Mastercard® credit card must be open and in good standing in order to earn points.

8 Data charges from your mobile service provider may apply. HSBC Bank USA, N.A. is not responsible for these charges.

9 Mortgage and home equity products are offered in the U.S. by HSBC Bank USA, N.A. and are only available for property located in the U.S. Subject to credit approval. Borrowers must meet program qualifications. Programs are subject to change. Geographic and other restrictions may apply. Discounts can be cancelled or are subject to change at any time and cannot be combined with any other offer or discount.

10 Rates, discounts and loan amounts depend on specific program and may require certain personal deposit and investment* balances, reserves, equity and automatic payment from an HSBC U.S. checking account.

11 Rates, discounts and loan amounts depend on specific program and may require certain personal deposit and investment* balances, reserves, equity and automatic payment from an HSBC U.S. checking account. For home equity, the Premier and non-Premier APR include an auto-pay discount of .50% and .25%, respectively.

12 This tool is a personal financial management service that allows customers to consolidate and manage their financial information by consolidating it in one place on Personal Internet Banking.

13 International account opening is not available in all countries and is subject to approval based on local regulations and policies of country or application. 

14 U.S. HSBC Advance customers can receive an emergency encashment of up to U.S. $10,000 or local currency equivalent upon authorization from local country. You will just need to show proper identification at any HSBC branch. Encashment is dependent on available balance; local country limitations may apply.

15 Global View and Global Transfers are only available for HSBC Premier and HSBC Advance clients and are not available in all countries. Foreign currency exchange rates and local country limitations may apply. Transfers from HSBC accounts from outside the U.S. may be subject to transfer fees. Personal Internet Banking is required to access Global View and Global Transfers. Access to U.S. Personal Internet Banking through Global View from outside the U.S. may be limited.

16 The maximum outbound and inbound limit for U.S. HSBC accounts is $200,000 per transaction and per day. Other countries may have local limit restrictions. Check with your destination country for limit information.

How you earn Rewards Points or Cash Rewards: You earn Points or Cash Rewards when you use your card to make new purchases (minus returns, credits and adjustments).

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 advisor for more information. 

* Investments and certain insurance products, including annuities, are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. HSI and HSBC Insurance Agency (USA) Inc. (HIA) offer Insurance products. In California, HSBC does business as HSBC Securities Insurance Services, License # OE67746. HIA California License #: OD36843. Investment and Insurance Products: Not FDIC Insured | Not Insured by the Federal Government or any Federal Government Agency | Not a Deposit or other obligation of, or guaranteed by, The Bank or any Affiliate of the Bank | Subject to Investment Risk, including loss of Principal Invested. 

HSBC and its affiliates do not provide tax or legal advice. All decisions regarding tax implications of your Investments should be made in consultation with your independent tax advisor. 

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

Deposit products are offered in the U.S. through HSBC Bank USA, N.A. Member FDIC.

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