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Last Updated: 01/21/2026
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Highlights
Welcome Offer
$200(Verified 06/21/2024)
Disclaimer popup with additional information
Cashback Rewards
Up to 3%
APY (Annual Percentage Yield)
0.01%(Verified 06/21/2024)
Disclaimer popup with additional information
Monthly Maintenance Fee
$0 - $25(Verified 01/21/2026)
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HSBC Advance Checking Review
HSBC Advance Checking is no longer available to new customers on SuperMoney. Click here to compare and quickly find the best options for your needs. |
The 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.
Key Takeaways
- To qualify for 3% Cash Bonus (rounded up to the nearest dollar) on Qualifying Direct Deposits up to $270 ($50 max per month), during the first 6 calendar months after account opening you must: (1) open your new HSBC Advance checking account from March 30, 2020 through and including June 29, 2020 and (2) set-up recurring Qualifying Direct Deposits from a third party to an HSBC Advance checking account at least once per calendar month for 6 consecutive calendar months following account opening month.
- $200 Bonus offer. Open a new account and you can get up to $200 (see terms and conditions for more details).
- Low annual percentage yield (APY). The maximum annual percentage yield for this account is only 0.01% .
- Charges a monthly fee. This account charges a monthly fee of up to $25, but the fee may be waived if you keep a minimum balance of$5,000.
- Small minimum initial deposit. You only need $1 to open an account.
- No ATM fees. HSBC Advance Checking does not charge fees on ATM transactions .
HSBC Advance checking Pros & Cons
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HSBC Advance checking FAQ
Are checking accounts from HSBC Bank USA federally insured?
Yes, your deposits are insured 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, account holders must keep an average beginning day balance of $5.
What are the account minimums for HSBC Advance checking?
HSBC Advance checking requires a minimum initial deposit of $1.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | Starting at $5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Combined Balance to Avoid Monthly Maintenance Fee | Starting at $10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What fees does HSBC Advance checking charge?
This account charges a monthly maintenance fee each statement cycle of up to $25.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Maintenance Fee | $0 - $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: In-Network | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: Out-of-Network (within the U.S.) | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Overdraft Item Fee | Starting at $35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Early Account Closure | Starting at $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposit Fee (Domestic) | Starting at $12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Card Replacement Fee (Standard Delivery) | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Check Cashing Fee | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Online Bill Pay Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stop Payment Fee | Starting at $30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Check Image Service | Starting at $3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Check Copy | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Transaction Fee (Debit Card) | Starting at 3% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Outgoing) | Starting at $35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Outgoing) | Starting at $35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Incoming) | Starting at $12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposit Fee (International) | Starting at $12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Incoming) | Starting at $12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Does HSBC Advance checking charge overdraft fees?
Yes, HSBC Advance checking charges a $35 fee for every overdraft.What features and perks does HSBC Advance checking offer?
This account includes the following features:
- $200 Bonus offer. Open a new account and you can get between $200 up to $200 (see terms and conditions for more details).
- 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 unauthorized 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 or with a mobile app. This includes depositing checks1 in your account with a mobile app on your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
What is the customer support email for HSBC Advance checking?
The customer support email for HSBC Advance checking is hsbcusahelp@us.hsbc.com.
HSBC Advance Checking Disclosure: Minimum Balance to open online is $1. The Annual Percentage Yields (APYs) and balances for an HSBC Advance checking account which are accurate as of 12/7/2020 are: 0.01% APY on balances of $5.00 or more but less than $1,000, 0.01% APY $1,000 or more but less than $3,000, 0.01% APY $3,000 or more but less than $10,000 and 0.01% APY $10,000 or more. APYs are variable and subject to change after opening. Charges and fees may reduce earnings.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from HSBC Advance checking
Hours of Operation
SundayClosedMonday10:00AM - 4:00PMTuesday10:00AM - 4:00PMWednesday10:00AM - 4:00PMThursday10:00AM - 4:00PMFriday10:00AM - 4:00PMSaturday9:00AM - 1:00PM
Other Services by HSBC Bank USA
Other Checking Accounts from HSBC Bank USA
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HSBC Premier Checking
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Bonus Offer
Up to $5K
Disclaimer popup with additional information
Cashback Rewards
N/A
APY (Annual Percentage Yield)
0.01%
Disclaimer popup with additional information
Monthly Service Fee
$0 - $50
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Rating not yet determined
Bonus Offer
N/A
Cashback Rewards
N/A
APY (Annual Percentage Yield)
0%
Disclaimer popup with additional information
Monthly Service Fee
$15
Disclaimer popup with additional information
Rating not yet determined
Bonus Offer
N/A
Cashback Rewards
N/A
APY (Annual Percentage Yield)
0%
Disclaimer popup with additional information
Monthly Service Fee
$1
Disclaimer popup with additional information
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Learn MoreSuperMoney Net Recommendation Score
Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.
+100
-1000+100
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Everyone recommends
HSBC Advance Checking Community Reviews
Would you recommend HSBC Advance Checking to your friends?
BW
Brennan W.
Feb 24, 2021
May or may not recommend
I went on a mission for two years in Mexico and used a checking account with HSBC while I was there. They were always happy to help me and the checking account was easy to deposit and withdraw from at any time. Would recommend it to anyone, great customer service too!
BA
Benjamin A.
Jan 22, 2021
May or may not recommend
The ease of signing up, getting a free debit card is the primary reason I love HSBC advanced checking. Additionally, you can also get up to a $200 sign up bonus, who doesn't like freebies? Aside from this, the cashback feature and its availability in all 50 states is also another reason why I like HSBC advanced checking
RC
Regina C.
Jan 12, 2021
May or may not recommend
The fee prices are much cheaper than other banks. I am definitely intrigued by the cash back rewards that they offer to its customers. The nationwide ATM network makes it easy to reach without a need to waste too much gas. The signup bonus is a really great addition as well. I would definitely recommend this bank to a couple of my friends.
U
Anonymous
Aug 8, 2019
May or may not recommend
Sign up bonus up to $350. Nice! I would recommend.
Showing 4 of 4 reviews
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