HSBC Advance Checking
in Checking Accounts from HSBC Bank USA
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| Monthly Fee | $0 - $25 |
| Minimum Balance to Avoid Monthly Fee | $5,000 |
| ATM Fee: Out-of-Network | $0 |
| APY | 0.01% |
HSBC Advance Checking Review
Where is HSBC Advance Checking available?
HSBC Bank USA is based in New York, NY. It was founded in 1865 and offers banking services in 50 states (and Washington, DC).
Is HSBC Advance Checking insured by the FDIC
Deposits in HSBC Advance Checking are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC insures deposits in checking accounts, savings accounts, certificates of deposit (CDs), and money market accounts up to $250,000 per depositor.
What APY does HSBC Bank USA offer?
| Rates | Amount |
|---|---|
| APY | 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.
| Fees | Amount |
|---|---|
| Check Cashing Fee | $5 |
| Check Copy Fee | $5 |
| Check Image Service | $3 |
| Early Account Closure | $25 |
| Non-Sufficient Funds | $35 |
| Overdraft Item Fee | $35 |
| Overdraft Protection Fee (per transfer) | $10 |
| Returned Deposit Fee (International) | $12 |
| Outgoing Domestic Bank Transfer Fee | $35 |
| Incoming Domestic Bank Transfer Fee | $12 |
| Outgoing International Bank Transfer Fee | $35 |
| Incoming International Bank Transfer Fee | $12 |
| Early Closure Fee | $25 |
| Paper Statement Fee | $5 |
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 $350 if you deposit a minimum of $10,000.
- Check images with statement - Reconciiling your accounts ank 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.
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Availability
Available in 50 states and Washington, D.C.
- 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 Initial Deposit | $1 |
| 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 |
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