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  HSBC Advance Checking

HSBC Advance Checking

in Checking Accounts from HSBC Bank USA · Member FDIC

Claimed Special OffersPromo Offer Available!

HSBC Advance Checking

Claimed Special OffersPromo Offer Available!

in Checking Accounts from HSBC Bank USA · Member FDIC

Net Recommendation Score +100%

SUPERMONEY NET RECOMMENDATION SCORE

+100%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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Highlights
Community Rating

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Monthly Fee $0 - $25
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee $5,000
APY (Annual Percentage Yield) 0.01%

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).

Key Takeaways
  • $200 Signup Bonus. 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%, and you must keep a minimum balance of $5.
  • 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..
  • 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.
  • Hard credit pull. HSBC Bank USA may require a hard pull on your credit report to open a checking account.
HSBC Advance Checking Pros & Cons
Pros Cons
  • Generous signup bonus.
  • Available in all 50 states.
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card
  • Higher than average wire transfer fees.
  • Monthly service charge (if minimums are not met).
HSBC Advance Checking FAQ

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?

HSBC Advance Checking Rates & Terms
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.

HSBC Advance Checking Account Minimums
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.

HSBC Advance Checking Fees
Description
Monthly Fee $0 - $25
Paper Statement Fee $5
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $0
NSF Fee $35
Overdraft Protection Fee (per transfer) $10
Overdraft Item Fee $35
Early Account Closure $25
Returned Deposit Fee (Domestic) $12
Debit Card Replacement Fee $0
Bank Teller Fee N/A
Check Cashing Fee $5
Online Bill Pay Fee $0
Stop Payment Fee $30
Check Image Service $3
Check Copy $5
Foreign Transaction Fee (Debit Card) 3%
Wire Transfer Fee - Domestic (Outgoing) $35
Wire Transfer Fee - International (Outgoing) $35
Wire Transfer Fee - International (Incoming) $12
Returned Deposit Fee (International) $12
Wire Transfer Fee - Domestic (Incoming) $12
ATM Reimbursement Monthly Limit N/A

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.
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.

Contact

  • Headquarters
  •   425 Fifth Avenue
    New York, NY 10018
  •   Visit Site

Promotional Offers

Special Offers

$200 Welcome Deposit!

Get a $200 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities.

Other Services by HSBC Bank USA

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View all checking accounts offered by HSBC Bank USA

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 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
ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Online Bill Pay Fee $0
ATM Fee: Out-of-Network $0
Check Cashing Fee $5
Check Copy $5
Check Image Service $3
Early Account Closure $25
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $25
NSF Fee $35
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
Bank Account Features
  • No ATM Fees
  • FDIC Member
  • Branch Access
  • Automatic Savings
  • Debit Card
  • Fraud Protection
  • Fraud Monitoring
  • Mobile Banking
  • Check Images with Statement
  • Nationwide ATM Network
  • Interest Bearing Account
  • Mobile Check Deposit
Cashback Rewards Up to 3%
Signup Bonus Starting at $200
APY (Annual Percentage Yield) 0.01%

HSBC Advance Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

+100%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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