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HSBC Premier Checking
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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 |
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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?
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.
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.
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.
Message From HSBC Premier checking
Contact
- Headquarters
-
425 Fifth Avenue
New York, NY 10018 USA - (800) 975-4722
- Visit Site
- Email Support
Promotional Offers
Other Services by HSBC Bank USA
Availability
- 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 |
HSBC Premier Checking Community Reviews
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