HSBC Basic Checking
in Checking Accounts from HSBC Bank USA · Member FDIC
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| Monthly Fee | $1 |
| ATM Fee: Out-of-Network | $2.50 |
| Minimum Balance to Avoid Monthly Fee | N/A |
| APY (Annual Percentage Yield) | 0% |
HSBC Basic Checking Review
HSBC Basic Checking is offered by HSBC Bank USA, a bank founded in 1865 and based in New York, NY. HSBC Basic Checking is available in 50 states (and Washington, DC).
Key Takeaways
- 0% APY. As with most checking accounts, HSBC Basic Checking does not pay interest.
- Charges a monthly fee. This account charges a monthly maintenance fee of $1.
- Free bill pay. Pay your bills to practically anyone in the United States through HSBC Bank USA.
- Hard credit pull. HSBC Bank USA may require a hard pull on your credit report to open a checking account.
HSBC Basic Checking Pros & Cons
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HSBC Basic 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 Basic Checking offer?
HSBC Basic Checking is not an interest-bearing account.
What are the account minimums for HSBC Basic Checking?
HSBC Basic Checking does not require a minimum initial deposit.
| Description | Amount |
|---|---|
| Minimum Initial Deposit | $0 |
What fees does HSBC Basic Checking charge?
This account charges a monthly maintenance fee of $1.
| Description | |
|---|---|
| Monthly Fee | $1 |
| Paper Statement Fee | $5 |
| ATM Fee: In-Network | $0 |
| ATM Fee: Out-of-Network | $2.50 |
| 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) | $15 |
| Returned Deposit Fee (International) | $12 |
| Wire Transfer Fee - Domestic (Incoming) | $15 |
| ATM Reimbursement Monthly Limit | N/A |
What features and perks does HSBC Basic Checking offer?
This account includes the following features:
- Fraud monitoring - HSBC Basic 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.
- Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - HSBC Basic 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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Contact
- Headquarters
-
425 Fifth Avenue
New York, NY 10018 - Visit Site
Other Services by HSBC Bank USA
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
| ATM Fee: In-Network | $0 |
| Debit Card Replacement Fee | $0 |
| Online Bill Pay Fee | $0 |
| Check Cashing Fee | $5 |
| Check Copy | $5 |
| Check Image Service | $3 |
| Early Account Closure | $25 |
| Foreign Transaction Fee (Debit Card) | 3% |
| Monthly Fee | $1 |
| 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) | $15 |
| Wire Transfer Fee - Domestic (Outgoing) | $35 |
| Wire Transfer Fee - International (Incoming) | $15 |
| Wire Transfer Fee - International (Outgoing) | $35 |
| ATM Fee: Out-of-Network | $2.50 |
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