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HSBC Choice Checking account review

Get worldwide access with a low opening deposit at a top bank.’s rating: 3.2 / 5.0


Most checking accounts can store your money for transactions without many other benefits. The HSBC Choice Checking account, however, is a gateway to everything HSBC has to offer, like a global ATM network and personal line of credit.

$15 per month



Minimum deposit to open


Fee$15 per month
To waive the feeMaintain a direct deposit or $1,500 in total combined balances in U.S. dollar personal deposit and investment accounts
Minimum deposit to open$0
ATMsAccess to HSBC ATMs worldwide, most with no withdrawal fees
ATM transaction fee$0
Out-of-network ATM fee$2.50
Foreign transaction fee3%
Overdraft fee$35
Nonsufficient funds fee$35

Review by

Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.

Expert review

The Choice Checking account is a step up from HSBC’s no-frills Basic Checking, and offers a gateway to everything else HSBC has to offer. It provides access to a global ATM network and has a low initial deposit.

Just make sure you’re in the HSBC service footprint before you dive in too much further. And be sure to watch out for the high monthly maintenance fee.

How do I open a HSBC Choice Checking account?

You can open this account online, by phone or at your local HSBC branch.


  1. Go to the provider’s site and follow the steps to apply.
  2. From the HSBC website, hover over Banking and click Checking.
  3. Scroll to Choice Checking and click Apply now.
  4. Scroll and click Apply online under How to apply.
  5. Enter your personal information and click Continue.
  6. Enter your address, employment details and other personal information and click Continue.
  7. Verify all information and click Continue.
  8. Choose your account options, fund your account, then Submit your application.

By phone
Call 800-975-4722 to speak with a customer service representative.

At a branch
Make an appointment or visit your local branch to get started.


You’ll need to meet basic eligibility requirements before you can open this account:

  • At least 18 years old
  • Valid Social Security number or tax ID
  • Valid state-issued ID
  • Social Security number
  • Valid US address

Required information

When you apply for the account, you’ll submit personal information that includes:

  • Name and date of birth
  • Mailing address
  • Social Security or tax ID number
  • Driver’s license or other state-issued ID
  • Contact information
  • Employment information

What other checking options does HSBC offer?

Explore other HSBC accounts in the bank’s checking suite:

What are the benefits of the HSBC Choice Checking account?

This FDIC-insured checking account comes with a suite of benefits and useful features:

  • Global ATM network. HSBC has ATMs all over the world, giving you easy access to your cash when you need it.
  • Select credit. Use a personal line of credit to borrow money or for overdraft protection.
  • Easy access. Online and mobile banking help you manage your money 24/7.
  • Low opening deposit. Get your account going with an initial deposit of $0 at a bank or $1 online.

HSBC ATM network and fees

This account comes with a HSBC debit Mastercard, allowing you to make purchases almost anywhere. You’ll have fee-free access to HSBC ATMs all over North America, but you face fees at out-of-network ATMs:

Domestic ATM fee.$2.50 each withdrawal, transfer or inquiry — plus fees from the ATM owner.
Foreign ATM fee.$2.50 plus 3% of each withdrawal — plus fees from the ATM owner.

What should I look out for?

  • Monthly fee. Avoid the $15 monthly service fee by setting up a monthly direct deposit or maintaining at least $1,500 in total combined balances in personal deposit accounts and investments.
  • High fees. Watch out for a $35 insufficient funds fee, $35 unavailable funds fee and $25 fee for closing an account within 180 days of opening.
  • Limited availability. HSBC supports branches in California, Connecticut, Delaware, Florida, Maryland, New Jersey, New York, Virginia, Washington and Washington DC.

Monthly fee or minimum balance to avoid it too high? Whatever the case is, you can compare your checking account options to find the benefits that best meet your financial needs.

Compare with other checking accounts

Name Product APY Minimum deposit to open ATMs Out-of-network ATM fee
Aspiration Spend & Save Account
Finder Rating: 4.2 / 5: ★★★★★
Aspiration Spend & Save Account
5.00% on balances of $0 to $10,000
55,000+ free Allpoint ATMs worldwide
Deposits are fossil fuel-free and insured by the FDIC. Enjoy a spend and save combo account with unlimited cash back rewards and a $150 bonus when you spend $1,000 in your first 60 days.
NorthOne Business Banking
Finder Rating: 3.4 / 5: ★★★★★
NorthOne Business Banking
withdraw cash at any Cirrus branded ATM location (+1,000,000 locations accross the U.S + 2m worldwide), including MoneyPass ATMs

NorthOne Business Banking is an all-in-one solution for small business owners, startups and freelancers. It boasts unlimited free transactions, subaccounts, and robust bookkeeping integrations.
Citi Priority Checking
Citi Priority Checking
Over 72,000 fee-free ATMs in the U.S.
Secure online banking and access to cash with one of the largest networks of fee-free ATMs in the US. Earn up to $1,500 when you open an eligible account and complete required activities.
Finder Rating: 4.8 / 5: ★★★★★
1.20% on balances of $0 to $50,000
0.25% on balances of $50,000.01+
More than 85,000 ATMs nationwide
A free account for crypto and cash that earns a 1.2% bonus rate plus 5% cashback on purchases from participating retailers.
First Citizens Bank Free Checking
First Citizens Bank Free Checking
1,100+ First Citizens Bank ATMs
First Citizens Bank Free Checking stands out for its built-in finance tracking tool, Manage My Money. Available to residents in NC, SC, TN, AZ, CA, CO, FL, GA, KS, MD, MO, NM, OK, OR, TX, VA, WA, WV, and WI.
Chime Spending account
Finder Rating: 4.7 / 5: ★★★★★
Chime Spending account
60,000+ fee-free ATMs
Get rid of fees with this financial app offering consumer-friendly accounts. Chime can also help you save easily and access your paycheck faster.

Compare up to 4 providers

How much do I need to open an account?

You can open this account with $0 if you visit a representative or $1 if you apply for the account online.

Frequently asked questions

Checking account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.

Read the full methodology of how we rate checking accounts.

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