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Choice Checking

We understand meeting your day-to-day needs is as important as receiving everyday value. Choice Checking1 gives you both - along with mobile convenience to manage your funds anytime, anywhere.

Welcome to Choice Checking

Read on to learn about the key benefits of Choice Checking including important information, how to make the most of your new relationship, how to access your money at home and abroad, competitive credit cards and lending options, and how to access online tools to help you manage your money.

For any questions regarding your Choice Checking account,
give us a call at 800.975.4722 (HSBC).

Downloading the new app

Do I have to upgrade to the new HSBC US Mobile Banking App?
You can still use the old version for a short time, but you won’t be able to benefit from the new features and refreshed design of the new app. Eventually, US customers will no longer be able to use the old app. It’s recommended to transfer your security settings to the new app now, because once the old App is no longer available, you will be redirected to the new App without your settings automatically transferring. 

Someone I know was prompted to download the new App – why wasn't I?
The new app is being rolled out to customers over time. You'll soon be prompted to download the new or you can search for 'HSBC U.S.' on the App StoreSM or Google PlayTM with your compatible smart phone or tablet and upgrade today. 

What are the minimum device requirements needed to use the new HSBC U.S. Mobile Banking App?
iOS 10 and later and Android 5.0 and later.

How do I download the new HSBC US Mobile Banking App?  
Setting up the HSBC US Mobile Banking App takes just a few minutes. Simply search for ‘HSBC US’ in the App StoreSM or Google PlayTM, download and open the app, and follow the on-screen instructions to set up your security information. If you're an existing Online Banking customer, you can access the HSBC US Mobile Banking App using the same username and password. 

What is new on the new HSBC App? 
The new app is faster, simpler, more secure and has a few new features, such as eStatement viewing for deposit, credit card and select credit accounts (even if you receive paper statements) and Fingerprint ID (on Android devices). More features will be available soon!

How do I differentiate between the old app and the new app after I download it? 
The old HSBC Mobile Banking App is labeled ‘HSBC Mobile Banking App’ and the new HSBC US Mobile Banking App is labeled ‘HSBC US’. 

I don't use Online Banking today. How do I take advantage of this new app?
If you're new to Online Banking, you can register on the new HSBC US Mobile Banking App. This will give you access to both Online Banking through the browser/desktop and the mobile app. 

What will be transferred as part of my security settings?
Your Digital Security Device passcode, Touch ID and Face ID (for supported iOS devices) information, and your username if you have selected to have it stored on your device. 

How do I set up biometrics (Fingerprint ID/Touch ID/Face ID) on the new App?
Once you have activated your security device under “Profile/Security”,  you will automatically be prompted to set up Touch ID/Face ID or Fingerprint ID. If you choose ‘Later’, the option to set up these features will be located under ‘Profile’. Remember, if you have not already, you must activate your security device under ‘Profile’ in order to set up biometrics. 

New to HSBC?

1 To qualify for an HSBC Choice Checking relationship, you need to open an HSBC Choice Checking account and maintain combined balances in U.S. Dollar personal deposit accounts and investment* balances of at least $1,500 OR maintain a recurring direct deposit from a third party to an HSBC Choice Checking account at least once per calendar month.  A monthly maintenance fee of $15 will be incurred if minimum balance or recurring direct deposit requirement is not met. 

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

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

4 Interest rate and Annual Percentage Yield (APY) are variable and may change after account opening. Fees may reduce earnings on account. See Terms & Charges Disclosure for more information.

5 Subject to transfer limits and Funds Availability requirements. Federal Reserve Regulation D Transaction Limitations apply.

6 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.

7 Interest rate may increase per the terms stated in your adjustable rate note. ARM loans are not available in Rhode Island.

Minimum down payment requirement varies based on mortgage program and options; property type and property location.

9 The fixed rate loan option provides the ability to fix the interest rate on all or a portion of the outstanding balance during the draw period. Up to three balances can be fixed at one time. Additional conditions apply.

10 The Annual Percentage Rate (APR) for a Home Equity Line of Choice is variable and is based on the U.S. Prime Rate published each day in The Wall Street Journal (but not the Weekend Edition of The Wall Street Journal) (the "Index") plus a margin. If The Wall Street Journal publishes more than one U.S. Prime Rate for a day, the Index will be the average of those rates. The index as of the last change date of March 16th, 2020 is 3.25%. The maximum APR is the greater of 15.9% or 5% above the initial APR. The APR will not increase or decrease by more than 4% in each year. Rates apply to lines secured by your primary residence (excluding co-ops and 3-4 family property) with a total loan-to-value (“TLTV”) ratio of 60% or less, line size $100,000 to $249,900. Higher rates may apply for different TLTV's, property and product types. Please contact us for current rates on lines with different terms. The APR does not include closing costs. For line amounts of $250,000 or less, HSBC will pay all closing costs. Generally, closing costs are estimated to range from $270 to $19,900, but may be higher depending on the location of your home and the amount of your line of credit. If you terminate your account within the first three years, you will have to pay an early termination fee of $500 (or $750 for properties located in California and Virginia), plus any mortgage tax-like fees paid by HSBC at the time your account was established. No annual or application fees will be assessed. Your Home Equity account will be secured by a mortgage on your home. All persons on the deed must sign the mortgage. Property insurance is required and flood insurance may be required.

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

HSBC Mastercard® Credit Cards are issued by HSBC Bank USA, N.A., subject to credit approval and may require a U.S. HSBC checking account relationship. 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.

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.

*Investment and certain insurance products, including annuities, are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. HSI is an affiliate of HSBC Bank USA, N.A.

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.

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

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