HSBC Premier Checking
in Checking Accounts from HSBC Bank USA · Member fdic
Claimed Promo Offer Available! Visit Site
HSBC Premier Checking
in Checking Accounts from HSBC Bank USA · Member FDIC
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| 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 $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.
- 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 |
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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?
| 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.
| 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.
| 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.
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Contact
- Headquarters
-
425 Fifth Avenue
New York, NY 10018 - Visit Site
Promotional 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. This offer ends March 31, 2021.
Other Services by HSBC Bank USA
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 |
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