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  HSBC Premier Checking
HSBC Premier Checking
in Checking Accounts from HSBC Bank USA · Member FDIC
Claimed

HSBC Premier Checking

Claimed
in Checking Accounts from HSBC Bank USA · Member FDIC
SuperMoney Net Recommendation Score +78  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +78, equating to 4.6 on a 5 point rating scale.

+78

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

8 users recommend
0 users are unsure
1 user doesn't recommend
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Highlights
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
  • 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.
  • No signup bonus.
  • Monthly service charge (if minimums are not met).

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?

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

HSBC Premier Checking Minimums
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.

HSBC Premier Checking Fees
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.

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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 Bank USA

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.

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 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
ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 0%
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
Monthly Fee $0 - $50
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
Cashback Rewards Up to 3%
APY (Annual Percentage Yield) 0.01%

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 +78, equating to 4.6 on a 5 point rating scale.

+78

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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