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HSBC Student Offerings

We’ve made it easy for students to get the everyday bank accounts they need

Get started with HSBC Choice Checking for Students

The prerequisite to all HSBC student benefits starts here – with an HSBC Choice Checking account.

An easy, convenient, everyday checking account for students living on campus or off campus

6 Year Maintenance Fee Waiver1

No monthly maintenance fee for six years.

$100 Welcome Deposit2

New to HSBC student can receive a Welcome Deposit with qualifying activities.

No minimum balance

No minimum balance required.

HSBC Cash Rewards Student Credit Card  and Everyday Savings account offerings

HSBC Cash Rewards Student Credit Card3

1.5% Unlimited Cash Back4

  • No credit history required for approval5
  • Unlimited access to our online tools6 to learn more about credit
  • View your FICO® Credit Score7 for free on your HSBC Credit Card statement

HSBC Everyday Savings8 account

0.01% APY9

  • No monthly maintenance fee or balance requirements
  • Earn interest on your money while being able to add or withdraw money
  • Free Personal Internet Banking
  • HSBC Mobile Banking App10

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 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.

4 You will earn 1.5 Cash Rewards per dollar on all new purchases. Cash Rewards can be redeemed as cash back. Cash Rewards do not apply to account transfers, balance transfers, credit card checks, cash advances or overdrafts. Your HSBC Cash Rewards Mastercard® credit card Student Account must be open and in good standing in order to earn Cash Rewards.

5 No credit history required; however, applicant must meet the eligibility requirements for the HSBC Cash Rewards Mastercard® credit card Student Account.

6 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.

7 FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.

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

9 The Annual Percentage Yield (APY) and balance for an HSBC Everyday Savings account which is accurate as of 10/14/2020 is 0.01% APY on balances of $1.00 or more. APY is variable and subject to change after opening. Charges and fees may reduce earnings. 

10 Data rate charges from your service provider may apply.  HSBC bank USA, N.A not responsible for these charges.

HSBC Cash Rewards Mastercard® credit card Student Accounts are issued by HSBC Bank USA, N.A., subject to credit approval.

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). 

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

*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.

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

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