SuperMoney
  HSBC Choice Checking

HSBC Choice Checking

in Checking Accounts from HSBC Bank USA · Member fdic

Claimed

HSBC Choice Checking

Claimed

in Checking Accounts from HSBC Bank USA · Member FDIC

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend HSBC Choice Checking to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Monthly Fee $15
ATM Fee: Out-of-Network $2.50
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0%

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 maintenance fee of $15.
  • No ATM fees. HSBC Choice Checking does not charge fees on ATM transactions.
  • 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 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
  • 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 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 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 Account Minimums
Description Amount
Minimum Initial Deposit $0
Minimum Combined Balance to Avoid Monthly Fee $1,500

What fees does HSBC Choice Checking charge?

This account charges a monthly maintenance fee of $15.

HSBC Choice Checking Fees
Description
Monthly Fee $15
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 Choice 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.
  • Fraud monitoring - HSBC Choice 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 Choice Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
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.

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

Minimum Combined Balance to Avoid Monthly Fee $1,500
Minimum Initial Deposit $0
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 $15
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
Bank Account Features
  • No ATM Fees
  • FDIC Member
  • Branch Access
  • Automatic Savings
  • Debit Card
  • Free Bill Pay
  • Fraud Protection
  • Debit Card Lock/Unlock
  • Fraud Monitoring
  • Mobile Banking
  • Mobile Check Deposit

Be the first to rate

 

Would you recommend HSBC Choice Checking to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

0%

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.

Other Checking Accounts

HSBC Bank USA Checking Accounts

Loading...