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  HSBC Choice Checking
HSBC Choice Checking
in Checking Accounts from HSBC Bank USA · Member FDIC
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HSBC Choice Checking

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in Checking Accounts from HSBC Bank USA · Member FDIC
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Highlights
Cashback Rewards N/A
APY (Annual Percentage Yield) 0%
Monthly Fee $15
Minimum Balance to Avoid Monthly Fee N/A

HSBC Choice Checking Review

HSBC Choice Checking is offered by HSBC Bank USA, a bank founded in 1865 and based in New York, NY. HSBC Choice Checking is available in 50 states (and Washington, DC).

Key Takeaways

  • 0% APY. As with most checking accounts, HSBC Choice Checking does not pay interest.
  • Charges a monthly fee. This account charges a monthly service fee of $15.
  • No minimum initial deposit. There is no minimum balance required to open an account online.
  • No ATM fees. HSBC Choice Checking does not charge fees on ATM transactions within its network but there is a fee of up to $2.50 for out-of-network ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through HSBC Bank USA.

HSBC Choice checking Pros & Cons

Pros Cons
  • Available in all 50 states.
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No signup bonus.
  • Does not earn interest
  • Does not provide access to a nationwide ATM network.
  • Higher than average wire transfer fees.
  • Monthly service charge.
  • Charges a higher than average fee on out-of-network ATM transactions.

HSBC Choice checking FAQ

Are checking accounts from HSBC Bank USA federally insured?

Yes, your deposits 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 Choice checking offer?

HSBC Choice checking is not an interest-bearing account.

What are the account minimums for HSBC Choice checking?

HSBC Choice checking does not require a minimum initial deposit.

HSBC Choice Checking Minimums
Description
Minimum Opening Deposit Starting at $0
Minimum Combined Balance to Avoid Monthly Fee $1,500

What fees does HSBC Choice checking charge?

This account charges a monthly service fee of $15.

HSBC Choice Checking Fees
Description
Monthly Fee $15
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $2.50
Foreign Transaction Fee (Debit Card) 3%
NSF Fee $35
Overdraft Item Fee $35
Overdraft Protection Fee (per transfer) $10
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
Paper Statement Fee $5
Online Bill Pay Fee $0
Check Copy $5
Check Image Service $3
Check Cashing Fee $5
Debit Card Replacement Fee $0
Early Account Closure $25

Does HSBC Choice checking charge overdraft fees?

Yes, HSBC Choice checking charges a $35 fee for every overdraft. You can get overdraft protection at a cost of $10 per transaction.

What features and perks does HSBC Choice checking offer?

This account includes the following features:

  • Fraud monitoring - HSBC Choice 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.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - HSBC Choice 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.

What is the customer support email for HSBC Choice checking?

The customer support email for HSBC Choice checking is hsbcusahelp@us.hsbc.com.

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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 Choice checking

Find the HSBC checking account that's right for you! Choice Checking, Value and personalized support for day-to-day banking needs. HSBC Debit Mastercard® card with no annual or monthly service fees.

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

Minimum Opening Deposit Starting at $0
Minimum Combined Balance to Avoid Monthly Fee $1,500
Monthly Fee $15
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $2.50
Foreign Transaction Fee (Debit Card) 3%
NSF Fee $35
Overdraft Item Fee $35
Overdraft Protection Fee (per transfer) $10
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
Paper Statement Fee $5
Online Bill Pay Fee $0
Check Copy $5
Check Image Service $3
Check Cashing Fee $5
Debit Card Replacement Fee $0
Early Account Closure $25
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Automatic Transfers
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) 0%

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