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finder.com’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
Fee
$0
Minimum deposit to open
APY | N/A |
---|---|
Fee | $15 per month |
To waive the fee | Maintain a direct deposit or $1,500 in total combined balances in U.S. dollar personal deposit and investment accounts |
Minimum deposit to open | $0 |
ATMs | Access to HSBC ATMs worldwide, most with no withdrawal fees |
ATM transaction fee | $0 |
Out-of-network ATM fee | $2.50 |
Foreign transaction fee | 3% |
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.
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.
You can open this account online, by phone or at your local HSBC branch.
Online
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:
When you apply for the account, you’ll submit personal information that includes:
Explore other HSBC accounts in the bank’s checking suite:
This FDIC-insured checking account comes with a suite of benefits and useful features:
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. |
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.
You can open this account with $0 if you visit a representative or $1 if you apply for the account online.
★★★★★ — 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.