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  HSBC Premier Checking

Best Of Product

HSBC Premier Checking
in Checking Accounts from HSBC Bank USA · Member FDIC
Claimed Promo Offer Available!

HSBC Premier Checking

Claimed Promo Offer Available!
in Checking Accounts from HSBC Bank USA · Member FDIC
SuperMoney Net Recommendation Score +67  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +67, equating to 4.3 on a 5 point rating scale.

+67

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

12 users recommend
1 user is unsure
2 users don't recommend
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Highlights
Community Rating Strongly recommended
Cashback Rewards N/A
APY (Annual Percentage Yield) 0.01%
(Verified 12/08/2022)
Monthly Fee $0 - $50
(Verified 12/08/2022)
Minimum Balance to Avoid Monthly Fee $75,000
Number of Reviews 15

HSBC Premier Checking Review

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

Key Takeaways

  • Get a $500 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities.
  • Low APY. The maximum annual percentage yield for this account is only 0.01%.
  • Monthly maintenance fee waiver. To qualify for an HSBC Premier relationship, you need to open an HSBC Premier checking account and maintain: Balances of $75,000 in combined U.S. consumer and qualifying commercial U.S. Dollar deposit and investment* accounts; OR Monthly recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s); OR HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000, not an aggregate of multiple mortgages. Home Equity products
  • No minimum initial deposit. There is no minimum balance required to open an account online.

HSBC Premier checking Pros & Cons

Pros Cons
  • No fees for Global Transfers between eligible HSBC accounts worldwide.
  • No U.S. HSBC ATM fees worldwide.
  • Generous signup bonus.
  • Available in all 50 states.
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card
  • Access to a nationwide network of ATMs.
  • No charge on incoming domestic or international wire transfers.
  • Monthly service charge (if minimums are not met).

HSBC Premier 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 Premier checking offer?

HSBC Premier Checking Rates & Terms
Description
APY (Annual Percentage Yield) 0.01%

HSBC Premier 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 Premier checking?

HSBC Premier checking does not require a minimum initial deposit.

HSBC Premier Checking Minimums
Description
Minimum Opening Deposit $0
Minimum Balance to Avoid Monthly Fee $75,000
Minimum Combined Balance to Avoid Monthly Fee $75,000
Minimum Direct Deposit to Avoid Monthly Fee Starting at $5,000
Minimum Balance to Earn APY $5

What fees does HSBC Premier checking charge?

This account charges a monthly service fee of up to $50.

HSBC Premier Checking Fees
Description
Monthly Fee $0 - $50
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
Foreign Transaction Fee (Debit Card) 0%
NSF Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
Stop Payment Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Paper Statement Fee $0
Online Bill Pay Fee $0
Debit Card Replacement Fee $0
Early Account Closure $0

Does HSBC Premier checking charge overdraft fees?

No, HSBC Premier checking does not charge overdraft fees.

What features and perks does HSBC Premier checking offer?

This account includes the following features:

  • Get a $500 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities.
  • Mobile Banking Services - HSBC Premier 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 Premier checking?

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

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

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

HSBC Premier Checking Disclosure: To avoid the monthly maintenance fee, in a calendar month4 you must maintain: - Balances of $75,000 in qualifying balances (see qualifying balance section); OR - Monthly recurring direct deposits2 totaling at least $5,000 from a third party to an HSBC Premier checking account(s); OR - HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000. You will not be assessed a Monthly Maintenance Fee for the calendar month in which you opened your account. In addition, you will have the next 6 months after the account opening month to meet the minimum balance requirement or direct deposit requirement or the qualifying mortgage requirement before being assessed a Monthly Maintenance Fee. The Monthly Maintenance Fee is waived for HSBC Private Bank customers.
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 Premier checking

Find the HSBC checking account that's right for you! Premier checking, Make the most of your future with carefully designed service and benefits. Unlimited rebates on non-HSBC ATM third-party surcharges in the U.S. Global View and Global Transfers. Access to preferential mortgage rates and one of our highest yielding savings accounts.

Contact

Promotional Offers

Special Offers

$500 Welcome Bonus

Receive a $500 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete the following qualifying activities.

• Open your new HSBC Premier checking account online, using this offer page, by February 15, 2023.

• Make recurring Qualifying Direct Deposits totaling at least $10,000 per month from a third party to your HSBC Premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening.

You will automatically receive the $500 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It’s that simple. Learn more at HSBC Bank.

View Offer

Hours of Operation

  • Sunday Closed
  • Monday 10:00am - 4:00pm
  • Tuesday 10:00am - 4:00pm
  • Wednesday 10:00am - 4:00pm
  • Thursday 10:00am - 4:00pm
  • Friday 10:00am - 4:00pm
  • Saturday 9:00am - 1:00pm

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Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • 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
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Opening Deposit $0
Minimum Balance to Avoid Monthly Fee $75,000
Minimum Combined Balance to Avoid Monthly Fee $75,000
Minimum Direct Deposit to Avoid Monthly Fee Starting at $5,000
Minimum Balance to Earn APY $5
Monthly Fee $0 - $50
(Verified 12/08/2022)
Monthly Maintenance Waiver Requirements To qualify for an HSBC Premier relationship, you need to open an HSBC Premier checking account and maintain: Balances of $75,000 in combined U.S. consumer and qualifying commercial U.S. Dollar deposit and investment* accounts; OR Monthly recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s); OR HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000, not an aggregate of multiple mortgages. Home Equity products
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
Foreign Transaction Fee (Debit Card) 0%
NSF Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
Stop Payment Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Paper Statement Fee $0
Online Bill Pay Fee $0
Debit Card Replacement Fee $0
Early Account Closure $0
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • Mobile Check Deposit
  • Nationwide ATM Network
  • Mobile Banking
  • Debit Card
  • Branch Access
  • Member FDIC
  • Rewards
Bonus Offer Get a $500 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities.
Signup Bonus $500
APY (Annual Percentage Yield) 0.01%
(Verified 12/08/2022)

HSBC Premier Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +67, equating to 4.3 on a 5 point rating scale.

+67

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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