Everyday checking for students living on campus, off campus, or on the go
Easy, convenient, digital
Pay your friends, pay your bills, get money transferred from Mom and Dad
Worldwide access to HSBC ATMs plus support in over 30 countries
Smart mobile banking with 24/7 access
What you'll get
No monthly maintenance fee for six years1
No minimum deposit balance required
New to HSBC: receive a $1002 Welcome Deposit – with the following qualifying activities:
• Open an HSBC Choice Checking account from October 31, 2020 through and including September 30, 2021 listing student as your occupation on your application; and
• Deposit $25 or more in New Money within 30 calendar days of account opening; and
• Maintain a Qualifying Direct Deposit of $500, OR debit card purchases of $100 OR electronic Bill Pay for 3 consecutive months from account opening
You will automatically receive the $100 Welcome Deposit in your new HSBC Choice Checking account approximately eight weeks after completing all qualifying activities.
Open to U.S. students and International students studying in the U.S. who are at least 18 years of age
Unlimited access to our online tools to teach you more about credit and Financial Wellness3
As an HSBC customer, you're automatically enrolled in our Fraud Alert program
How to apply for the HSBC Choice Checking Account for Students
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
To apply for a HSBC Choice Checking account for Students you can apply online, applying online is quick and easy or simply follow the instructions below. Once you are approved you can easily apply for the HSBC Cash Rewards Mastercard® credit card Student Account.4
Students within the U.S.
Students who do not have an existing account can apply online
Applying online is quick and easy. You will need your social security number, driver’s license or state issued ID
Or simply call us toll free within the U.S or Canada
Mon – Sun 7AM – 12AM ET
Or visit a branch to talk with a representative
Please call us toll free to speak with a customer service representative
Simply call us toll free within the U.S or Canada
Mon – Sun 7AM – 12AM ET
You can also apply through our secure video call with a live representative
Offer Terms and Conditions:
1 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.
2 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.
3 HSBC offers the Modules for educational purposes only and they should not be considered professional or investment advice. While HSBC is pleased to offer the Modules as an educational service to our customers, HSBC does not guarantee, warrant or recommend the opinion or advice or the product and/or services offered or mentioned in these Modules. Any opinions, judgments, advice, statements, services, offers or other information presented within a Modules are those of a third party and not HSBC. For a comprehensive review of your personal finances, always consult with a tax or legal advisor. Neither HSBC, nor any of its representatives may give legal or tax advice.
4 The HSBC Cash Rewards Mastercard® credit card Student Account is only available for customers who are opening and are approved for or hold an existing consumer deposit relationship (Checking, Savings or Certificate of Deposit) with HSBC Bank USA, N.A.
HSBC Cash Rewards Mastercard® credit card Student Accounts are issued by HSBC Bank USA, N.A., subject to credit approval.
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 adviser 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.
Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.