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HSBC Choice Checking

Simple everyday banking with personalized support

Day-to-day value and convenience

Choice Checking offers convenience and value to your day.

Balance Requirement Options

To waive the monthly maintenance fee1, you’ll need to meet one of the following qualifying requirements.

Recurring Qualifying Direct Deposits2

to your Choice Checking account at least once per calendar month. 

OR

$1,500 minimum balance

in combined balances in U.S. Dollar personal deposit accounts and investment** balances 

Save on monthly maintenance fees
Set up direct deposit or maintain the minimum monthly balance1.

Free Online Banking3
Stay in control and manage your money anytime, anywhere with 24/7 access.

Access to HSBC ATMs worldwide4, most with no withdrawal fees
Take advantage of the expansive HSBC global network.

HSBC Debit Mastercard® card
The convenience of HSBC Debit Mastercard® card with no annual or monthly service fees.5

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

What you need 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

  • 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 two years

  • Valid U.S. ID (driver’s license, non-driver identification card, learner permit), passport or Permanent Residential Card/Green Card

  • Account information for funding your new account

How to apply

For Students applying for a Choice Checking account who either (1) are, or have been, a Credit Card and/or Mortgage only customer, (2) had any type of account opened and closed prior to October 30, 2017, and/or (3) previously applied for an account, but did not open the account, you must apply in any U.S. HSBC branch or over the phone at 855.472.0882 to determine if you qualify for the Choice Checking Student Offer.*

New to HSBC

Apply for a HSBC Choice Checking account

Existing HSBC customer

Log on to Personal Internet Banking to apply for an HSBC Choice Checking account

Next Steps

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 two years 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

*HSBC Choice Checking Student Monthly Maintenance Fee Waiver 

Offer Terms and Conditions: The 6 Year Maintenance Fee Waiver Offer is available for applications completed in United States branches, Customer Relationship Center, the International Banking Center, or any U.S. HSBC Choice Checking website from October 31, 2020 – September 30, 2021 (“Offer Period”). To apply for a deposit account online, 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 two years. You must be at least 18 years of age and list student as your occupation on your application (“Qualifying Student”). Customers who held an HSBC consumer deposit or investment account from October 30, 2017 through and including October 30, 2020 are not eligible for this offer. For Qualifying Students who opens an HSBC Choice Checking account during the Offer Period, the Choice Checking Account Monthly Maintenance Fee will be waived for six (6) years from account opening. After the 6-year period, Monthly Maintenance Fee may apply. The $15 Monthly Maintenance Fee can be avoided as long as one of the following requirements are met: (1) $1,500 minimum balance in combined U.S. Dollar personal deposit accounts and investment* balances; OR (2) a recurring qualifying direct deposit from a third party. Qualifying direct deposits are electronic deposits of regular periodic payments (such as salary, pension, Government Benefits or other monthly income) made into your HSBC Choice Checking account from third parties at least once per calendar month. Requirements and Monthly Maintenance Fee amount are subject to change. Limit one account Maintenance Fee Waiver per customer, including all individual and joint accounts — the first line name on the joint account is considered the customer for gift purposes. All promotional offers, products and services offered by HSBC are subject to updates, modifications and/or termination by HSBC. Please visit your local HSBC Branch or www.us.hsbc.com/student-accounts/ for complete, detailed and up-to-date information. Retain this for your records.

HSBC Choice Checking Student $100 Welcome Deposit 

Offer Terms and Conditions: The $100 Welcome Deposit Offer is available only for applications completed in United States branches, Customer Relationship Center, the International Banking Center, or any U.S. HSBC Choice Checking website from October 31, 2020 – September 30, 2021 (“Offer Period”). To apply for a deposit account online, 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 two years. To qualify for the HSBC Choice Checking College $100 Welcome Deposit during the Offer Period, you must: (1) be at least 18 years of age; (2) list student as your occupation on your application; (3) deposit within your account a minimum Qualifying Balance of $25 or more in New Money within 30 calendar days of account opening and (4) maintain a Qualifying Direct Deposit of $500, OR Debit Card Purchases of $100 OR Electronic Bill Pay transactions over three consecutive months following account opening. New money is defined as deposits not previously held by any member of the HSBC Group in the U.S. Accounts/Assets that are ineligible for New Money include: insurance products; fixed and variable annuities; 529 College Savings Plans; any retirement accounts including but not limited to IRAs, Keogh, Simple IRAs and 401(k) Plans; UTMA and UGMA accounts; commercial accounts; and revocable or irrevocable trust accounts and estate accounts. Qualifying Direct Deposits are defined as electronic deposits of regular periodic payments (such as salary, pension, Government Benefits or other monthly income) made into your HSBC Choice Checking account from third parties at least once per calendar month. Electronic Bill Pay is defined as paying bills from your Choice Checking account using HSBC’s Bill Pay Service available on HSBC Personal Internet Banking or via the HSBC Mobile Banking App. (Data rate charges from your service provider may apply. HSBC Bank USA, N.A. is not responsible for these charges.) Customers who held an HSBC consumer deposit or investment account from October 30, 2017 through and including October 30, 2020 are not eligible for this offer. Eligible customers who take advantage of this offer cannot receive any other New Consumer Deposit Offers provided by HSBC Bank USA, N.A. other than the HSBC Choice Checking College Monthly Maintenance Fee Waiver offer. New Consumer Deposit Offers are defined as incentives in the form of merchandise and/or cash bonus that are offered to consumers who open an eligible checking account and satisfy qualifying activities. Limit one Welcome Deposit per customer, including all individual and joint accounts — the first line name on the joint account is considered the customer for gift purposes. Your HSBC Choice Checking College account must be open without being changed to a product with lower balance requirements and in good standing at time of gift fulfillment. The Welcome Deposit to your HSBC eligible checking account will be reported on the applicable IRS form. To qualify for an HSBC Choice Checking College account, you must: (1) open an HSBC Choice Checking account; (2) be at least 18 years of age and (3) list student as your occupation on your application.  All promotional offers, products and services offered by HSBC are subject to updates, modifications and/or termination by HSBC. Please visit your local HSBC Branch or www.us.hsbc.com/student-accounts/ for complete, detailed and up-to-date information. Retain this for your records.

1 To qualify for an HSBC Choice Checking relationship, you need to open an HSBC Choice checking account and maintain: 

• Balances of $1,500 in combined U.S. consumer U.S. Dollar deposit and investment** accounts; OR  

• Monthly recurring direct deposit from a third party to an HSBC Choice Checking account.

A monthly maintenance fee of $15 will be incurred if one of these requirements is not maintained. 

2 Qualifying direct deposits are electronic deposits of regular periodic payments (such as salary, pension, Government Benefits or other monthly income) made into your HSBC Choice Checking account from third parties at least once per calendar month.

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

4 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.

5 If you effect a transaction on your HSBC Bank Consumer Checking or Savings account at an EFT facility with your HSBC Debit Mastercard® or ATM Card outside the United States, the transaction amount may be further increased by a percentage established from time to time by us (currently 3%). This Foreign Transaction Fee does not apply to transactions using HSBC Jade World Debit Mastercard® and HSBC Premier World Debit Mastercard® cards.

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

View Full Offer Rules and Requirements for Share the Experience (Refer A Friend program)

** 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. HSBC Credit Cards are issued by HSBC Bank USA, N.A., subject to credit approval.

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

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

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

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