SuperMoney
  HSBC Premier checking

HSBC Premier checking

in Checking Accounts from HSBC Bank USA · Member FDIC

Claimed Special OffersPromo Offer Available!

HSBC Premier checking

Claimed Special OffersPromo Offer Available!

in Checking Accounts from HSBC Bank USA · Member FDIC

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote
Cast your vote

Would you recommend HSBC Premier checking to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Highlights
Highlights
Monthly Fee $0 - $50
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee $75,000
APY (Annual Percentage Yield) 0.01%

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 is available in 50 states (and Washington, DC).

Key Takeaways
  • $450 Signup Bonus. Open a new account and you can get up to $450 (see terms and conditions for more details).
  • Low APY. The maximum annual percentage yield for this account is only 0.01%, and you must keep a minimum balance of $5.
  • Charges a monthly fee. This account charges a monthly maintenance fee of up to $50, but the fee is waived if you keep a minimum balance of $75000, have a monthly direct deposit of $5000, or $75,000 combined balance accross eligible accounts..
  • Small minimum initial deposit. You only need $1 to open an account.
  • Hard credit pull. HSBC Bank USA may require a hard pull on your credit report to open a checking account.
HSBC Premier checking Pros & Cons
Pros Cons
  • 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 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 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 you must keep a minimum balance of $5.

What are the account minimums for HSBC Premier checking?

HSBC Premier checking requires a minimum initial deposit of $1 to open an account.

HSBC Premier checking Account Minimums
Description Amount
Minimum Initial Deposit $1
APY Minimum Balance $5
Minimum Combined Balance to Avoid Monthly Fee $75,000
Minimum Direct Deposit to Avoid Monthly Fee $5,000
Minimum Balance to Avoid Monthly Fee $75,000

What fees does HSBC Premier checking charge?

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

HSBC Premier checking Fees
Description
Monthly Fee $0 - $50
Paper Statement Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $0
NSF Fee $0
Overdraft Protection Fee (per transfer) N/A
Overdraft Item Fee N/A
Early Account Closure $0
Returned Deposit Fee (Domestic) $0
Debit Card Replacement Fee N/A
Bank Teller Fee N/A
Check Cashing Fee N/A
Online Bill Pay Fee $0
Stop Payment Fee N/A
Check Image Service N/A
Check Copy N/A
Foreign Transaction Fee (Debit Card) 0%
Wire Transfer Fee - Domestic (Outgoing) N/A
Wire Transfer Fee - International (Outgoing) N/A
Wire Transfer Fee - International (Incoming) $0
Returned Deposit Fee (International) $0
Wire Transfer Fee - Domestic (Incoming) $0
ATM Reimbursement Monthly Limit N/A

What features and perks does HSBC Premier checking offer?

This account includes the following features:

  • Signup Bonus - Open an account and you will receive a signup bonus of up to $450.
  • Mobile Banking Services - HSBC Premier 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.
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.

Contact

  • Headquarters
  •   425 Fifth Avenue
    New York, NY 10018
  •   Visit Site

Promotional Offers

Special Offers

Get a $450 Welcome Deposit!

Get a $450 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities. Conditions apply.

Other Services by HSBC Bank USA

Icon for Checking Accounts
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

APY Minimum Balance $5
Minimum Combined Balance to Avoid Monthly Fee $75,000
Minimum Direct Deposit to Avoid Monthly Fee $5,000
Minimum Initial Deposit $1
Minimum Balance to Avoid Monthly Fee $75,000
ATM Fee: In-Network $0
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 0%
NSF Fee $0
Online Bill Pay Fee $0
Paper Statement Fee $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
ATM Fee: Out-of-Network $0
Monthly Fee $0 - $50
Bank Account Features
  • FDIC Member
  • Branch Access
  • Debit Card
  • Mobile Banking
  • Nationwide ATM Network
  • Mobile Check Deposit
Cashback Rewards Up to 3%
Signup Bonus $450
APY (Annual Percentage Yield) 0.01%

Be the first to rate

 

Would you recommend HSBC Premier 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%

-100% 0% +100%
No one recommends Everyone recommends

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...