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$25 per month
Monthly fee
0.01%
APY
$0
Minimum deposit to open
| APY | 0.01% on balances of $5+ |
|---|---|
| Monthly fee | $25 per month |
| To waive the fee | Maintain a combined deposit and investment balance of at least $10,000 or have a $5,000 recurring monthly direct deposit to your account. |
| Minimum deposit to open | $0 |
| Intro or bonus offer | Get $350 by funding and maintaining your new account with at least $5,000 in combined checking and savings for 90 days and setting up recurring third-party direct deposits for 3 consecutive months. Offer expires December 31, 2019. |
| ATMs | Surcharge-free HSBC ATMs nationally and internationally, plus up to four rebates a month for using non-HSBC ATMs in all US states except New York |
| ATM transaction fee | $0 |
| ATM fee rebates | Up to four a month for using non-HSBC ATMs in all US states except New York |
| Foreign transaction fee | 3% |
| Overdraft fee | $35 |
| Nonsufficient funds fee | $35 |
HSBC Bank
$350 Welcome Bonus when you sign up for a new account
Get $350 by funding and maintaining your new account with at least $5,000 in combined checking and savings for 90 days and setting up recurring third-party direct deposits for 3 consecutive months. Offer expires December 31, 2019.
Last verified
HSBC is a traditional financial institution with a variety of banking products available. The Advance Checking account is one of several checking accounts HSBC offers with lots of attractive perks:
The HSBC ATM network covers the US and countries on five continents. Use HSBC ATMs to make cash and check deposits, move money between accounts, check your account balance and even change your ATM or debit card PIN.
Using an HSBC ATM within the US is free, but you may be charged a network fee by ATM operators outside the US. Fees vary by country and service provider.
You can open an HSBC Advance Checking account in person or online with a minimum deposit of just $0. But to avoid paying the $25 monthly fee, you need to maintain a $10,000 balance or deposit $5,000 each month.
After your application is complete, you’ll receive an email from HSBC with an application status update. You may need to submit other documents to verify the information included in your application.
Once verified, you’ll receive your debit card in the mail, with your PIN arriving separately one to three business days after. You can then set up your account by phone or live chat with an HSBC agent.
To be eligible for the HSBC Advance Checking account, you must meet the following criteria:
Have the following information ready before you apply for your account:
In addition to its Advance Checking account, HSBC also offers the following checking options:
The HSBC Advance Checking account offers free personal checks and a debit card from Mastercard that gives you access to ATMs in the US and around the world. However, if you don’t meet the high balance requirement, you could face a $25 monthly fee.
If you know you’ll maintain a high checking account balance, this could be a good choice. Check out your options with other providers before making a decision.
