HSBC Premier Checking
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| Community Rating | Strongly recommended |
| Cashback Rewards | Up to 3% |
| APY (Annual Percentage Yield) | 0.01% |
| Monthly Fee | $0 - $50 |
| Minimum Balance to Avoid Monthly Fee | Starting at $75,000 |
| Number of Reviews | 9 |
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
- Low APY. The maximum annual percentage yield for this account is only 0.01%.
- Charges a monthly fee. This account charges a monthly service fee of up to $50, but the fee is waived if you keep a minimum balance of $75,000, have a monthly direct deposit of $5,000, or $75,000 combined balance accross eligible accounts..
- Small minimum initial deposit. You only need $1 to open an account.
HSBC Premier checking Pros & Cons
| Pros | Cons |
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HSBC Premier checking FAQ
Are checking accounts from HSBC Bank USA federally insured?
Yes, this account is 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?
| 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 requires a minimum initial deposit of $1 to open an account.
| Description | |
|---|---|
| Minimum Balance to Earn APY | $5 |
| Minimum Combined Balance to Avoid Monthly Fee | $75,000 |
| Minimum Direct Deposit to Avoid Monthly Fee | $5,000 |
| Minimum Opening Deposit | Starting at $1 |
| Minimum Balance to Avoid Monthly Fee | Starting at $75,000 |
What fees does HSBC Premier checking charge?
This account charges a monthly service fee of up to $50.
| Description | |
|---|---|
| ATM Fee: In-Network | $0 |
| Debit Card Replacement Fee | $0 |
| Early Account Closure | $0 |
| Foreign Transaction Fee (Debit Card) | 0% |
| Monthly Fee | $0 - $50 |
| NSF Fee | $0 |
| Online Bill Pay Fee | $0 |
| Overdraft Item Fee | $0 |
| Overdraft Protection Fee (per transfer) | $0 |
| Paper Statement Fee | $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 |
| ATM Fee: Out-of-Network | Starting at $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:
- 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.
Message From HSBC Bank USA
Contact
- Headquarters
-
425 Fifth Avenue
New York, NY 10018 USA - (800) 975-4722
- Visit Site
- Email Support
Other Services by HSBC Bank USA
Availability
- 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 Balance to Earn APY | $5 |
| Minimum Combined Balance to Avoid Monthly Fee | $75,000 |
| Minimum Direct Deposit to Avoid Monthly Fee | $5,000 |
| Minimum Opening Deposit | Starting at $1 |
| Minimum Balance to Avoid Monthly Fee | Starting at $75,000 |
HSBC Premier Checking Community Reviews
Would you recommend HSBC Premier Checking to your friends?
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