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HSBC Basic Banking

Ideal when you write only a few checks a month

HSBC Basic Banking


When a basic checking account is all you want.

No Minimum Balance

Regardless of your balance, your monthly maintenance fee is only $11.

 

$1 monthly maintenance fee1

regardless of balance, your fee stays the same.

HSBC Debit Mastercard® card

The convenience of HSBC Debit Mastercard® card with no transaction fees on domestic purchases and no monthly or annual service fees.2

Online banking
With free Personal Internet Banking, online Bill Pay and eStatements, banking is easier and greener, too.

What you need to apply

  • You must be 18 years of age and have a Social Security Number

  • Current U.S. residential address and a U.S. residential address for the past one year

  • Account information for funding your new account

See Terms & Charges Disclosures for more information.

How to apply

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

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Existing to HSBC?

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Next Steps

Once you have submitted your online application, we will notify you if it can be approved online or if other information is needed to complete the application. See Terms & Charges Disclosures for more information.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person or entity that opens an account.

What this means for you: If you open a personal account, we will ask for your name, address, taxpayer identification number, date of birth, and other information that will allow us to identify you. Additionally, we will take certain steps to verify your identity, such as asking for your driver's license or other identifying documents or checking other sources. Similar identification requirements apply to non-personal accounts such as corporations and partnerships. Be assured that we recognize the importance of protecting your privacy and safeguarding the confidentiality of the information you provide to us.

You must be at least 18 years of age, have a Social Security Number, currently have a U.S. residential address and have had U.S. residency for the past one year to apply for a deposit account online.

Privacy and Security

HSBC recognizes the importance of protecting your privacy and we take great care to safeguard the confidentiality of your personal information. Visit our HSBC Security & Fraud Center to learn more about how HSBC helps keep your information secure, and what you can do to ensure a safe online experience.

Questions

If you need assistance or have questions about the application, please contact us or call 888.404.4050.

1 Basic Banking has no minimum balance requirement and the monthly maintenance fee is $1. There is no charge for the first eight checks/withdrawal slips you write, then you will be charged $.35 per check or withdrawal. 

2 If you effect a foreign transaction on your HSBC Bank Consumer Checking or Savings account at an EFT facility with your HSBC Debit Mastercard® card, the transaction amount may be further increased by a percentage established from time to time by us.  This Foreign Transaction Fee does not apply to transactions using your HSBC Jade World Debit Mastercard® card or HSBC Premier World Debit Mastercard® card.

3 The HSBC Everyday Savings account is available to all consumers and has no monthly maintenance fee or balance requirements.

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

HSBC Gold Mastercard® credit cards and HSBC Cash Rewards Mastercard® credit cards are issued by HSBC Bank USA, N.A., subject to credit approval. To learn more, speak with an HSBC branch representative.

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

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. 

Deposit products offered in U.S. by HSBC Bank USA, N.A. Member FDIC.

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