
HSBC Advance Checking
in Checking Accounts from HSBC Bank USA · Member fdic
Claimed Promo Offer Available! Visit Site
HSBC Advance Checking
in Checking Accounts from HSBC Bank USA · Member FDIC
Would you recommend HSBC Advance Checking to your friends?
Community Rating | Strongly recommended |
Monthly Fee | $0 - $25 |
ATM Fee: Out-of-Network | $0 |
Minimum Balance to Avoid Monthly Fee | $5,000 |
APY (Annual Percentage Yield) | 0.01% |
Number of Reviews | 5 |
HSBC Advance Checking Review
HSBC Advance Checking is offered by HSBC Bank USA, a bank founded in 1865 and based in New York, NY. HSBC Advance Checking is available in 50 states (and Washington, DC).
- $200 Bonus offer. Open a new account and you can get up to $200 (see terms and conditions for more details).
- Low APY. The maximum annual percentage yield for this account is only 0.01%.
- Charges a monthly fee. This account charges a monthly maintenance fee of up to $25, but the fee is waived if you keep a minimum balance of $5,000, have a monthly direct deposit of $5,000, or $10,000 combined balance accross eligible accounts..
- $1 minimum deposit. This account requires a higher minimum initial deposit than most of the accounts we track.
- No ATM fees. HSBC Advance Checking does not charge fees on ATM transactions.
- Hard credit pull. HSBC Bank USA may require a hard pull on your credit report to open a checking account.
Pros | Cons |
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Are checking accounts from HSBC Bank USA federally insured?
Yes, your HSBC Bank USA checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57890). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What APY does HSBC Advance Checking offer?
Description | |
---|---|
APY (Annual Percentage Yield) | 0.01% |
HSBC Advance Checking offers an APY of 0.01% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $5.
What are the account minimums for HSBC Advance Checking?
HSBC Advance Checking requires a minimum initial deposit of $1 to open an account.
Description | Amount |
---|---|
Minimum Initial Deposit | $1 |
APY Minimum Balance | $5 |
Minimum Combined Balance to Avoid Monthly Fee | $10,000 |
Minimum Direct Deposit to Avoid Monthly Fee | $5,000 |
Minimum Balance to Avoid Monthly Fee | $5,000 |
What fees does HSBC Advance Checking charge?
This account charges a monthly maintenance fee of up to $25.
Description | |
---|---|
ATM Fee: In-Network | $0 |
ATM Reimbursement Monthly Limit | N/A |
Bank Teller Fee | N/A |
Check Cashing Fee | $5 |
Check Copy | $5 |
Check Image Service | $3 |
Debit Card Replacement Fee | $0 |
Early Account Closure | $25 |
Foreign Transaction Fee (Debit Card) | 3% |
Monthly Fee | $0 - $25 |
NSF Fee | $35 |
Online Bill Pay Fee | $0 |
Overdraft Item Fee | $35 |
Overdraft Protection Fee (per transfer) | $10 |
Paper Statement Fee | $5 |
Returned Deposit Fee (Domestic) | $12 |
Returned Deposit Fee (International) | $12 |
Stop Payment Fee | $30 |
Wire Transfer Fee - Domestic (Incoming) | $12 |
Wire Transfer Fee - Domestic (Outgoing) | $35 |
Wire Transfer Fee - International (Incoming) | $12 |
Wire Transfer Fee - International (Outgoing) | $35 |
ATM Fee: Out-of-Network | $0 |
What features and perks does HSBC Advance Checking offer?
This account includes the following features:
- Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
- Signup Bonus - Open an account and you will receive a signup bonus of up to $200.
- Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
- Fraud monitoring - HSBC Advance Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Mobile Banking Services - HSBC Advance Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Contact
- Headquarters
-
425 Fifth Avenue
New York, NY 10018 - Visit Site
Promotional Offers
Other Services by HSBC Bank USA

Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
APY Minimum Balance | $5 |
Minimum Combined Balance to Avoid Monthly Fee | $10,000 |
Minimum Direct Deposit to Avoid Monthly Fee | $5,000 |
Minimum Initial Deposit | $1 |
Minimum Balance to Avoid Monthly Fee | $5,000 |
HSBC Advance Checking Community Reviews
Would you recommend HSBC Advance Checking to your friends?
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