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  HSBC Advance Checking

HSBC Advance Checking

in Checking Accounts from HSBC Bank USA · fdic

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HSBC Advance Checking

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in Checking Accounts from HSBC Bank USA · Member FDIC

SuperMoney Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+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.

Strongly recommended

5 users recommend
0 users are unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Monthly Fee $0 - $25
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee Starting at $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).

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 APY. The maximum annual percentage yield for this account is only 0.01%.
  • Charges a monthly fee. This account charges a monthly service 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.
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 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 to open an account.

HSBC Advance Checking Minimums
Description
APY Minimum Balance $5
Minimum Combined Balance to Avoid Monthly Fee $10,000
Minimum Direct Deposit to Avoid Monthly Fee $5,000
Minimum Opening Deposit Starting at $1
Minimum Balance to Avoid Monthly Fee Starting at $5,000

What fees does HSBC Advance checking charge?

This account charges a monthly service fee of up to $25.

HSBC Advance Checking Fees
Description
ATM Fee: In-Network $0
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

Does HSBC Advance checking charge overdraft fees?

Yes, HSBC Advance checking charges a $35 fee for every overdraft.

HSBC Advance checking offers overdraft protection at a cost of $10 per transaction.

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 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 checks 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.

How do people rate the customer service and user experience of HSBC Advance checking?

Overall, HSBC Advance checking is strongly recommended based on community reviews that rate customer service and user experience.

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

Find the HSBC checking account that's right for you! HSBC Advance checking, Everyday banking with preferred rates. Get up to four rebates per month on non-HSBC ATM third-party surcharges in the U.S. (excludes NY), Global View and Global Transfers, Access to preferred mortgage rates. 

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • 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 Opening Deposit Starting at $1
Minimum Balance to Avoid Monthly Fee Starting at $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
Account Features
  • No ATM Fees
  • Mobile Check Deposit
  • Interest Bearing Account
  • Nationwide ATM Network
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Automatic Transfers
  • Branch Access
  • Member FDIC
Cashback Rewards Up to 3%
Signup Bonus $200
APY (Annual Percentage Yield) 0.01%

HSBC Advance Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+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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