HSBC Choice Checking account review + fees May 2019 |

HSBC Choice Checking account review

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HSBC Choice Checking
  • Optional overdraft protection
  • HSBC Debit Mastercard
  • Access to HSBC ATMs worldwide

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Compare accounts like HSBC Choice Checking.

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Get worldwide access with a low opening deposit at a top bank.

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.

Monthly 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
Intro or bonus offerGet a $200 Welcome Deposit for eligible new customers who open a new HSBC Choice Checking account with qualifying activities by June 2, 2019
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
Deposit methodsCash by teller
Cash by ATM
Check by teller
Check by ATM
Mobile/remote check deposit
Bank transfer
Wire transfer
Direct deposit

$200 Welcome Bonus when you sign up for a new account

Valid for HSBC Choice Checking when you open your account by June 2, 2019, deposit at least $1,500 in new money in combined checking and savings accounts within 30 calendar days, and maintain that balance for 90 calendar days.

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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.
  • Referral program. ExcluChoose from a basic PNC Virtual Wallet, the Virtual Wallet with Performance Spend, the Virtual Wallet with Performance Select and the Virtual Wallet Student.
  • Bonus offer. Earn a welcome bonus of $200 when you open an account before June 28, 2019, and make a deposit of $1,500.
  • 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.

Compare with other checking accounts

Name Product APY ATMs Fee
2.00% on balances of $10,000+ or deposit $1+ each calendar month into any Aspiration cash management or investment account
Free to use anywhere worldwide
A spend and save combo account with no monthly service fees, free access to every ATM in the world, unlimited cash back rewards and deposits insured by the FDIC. The Aspiration Spend & Save Account is a cash management account offering of Aspiration Financial, LLC, an SEC-registered broker-dealer. Aspiration is not a chartered bank.
Access to 16,000 ATMs and nearly 5,000 branches nationwide
(can be waived)
Get a $200 bonus when you open a new Chase Total Checking account and set up direct deposit within 60 days of opening your account. Chase's simplest checking account is easy to use and gives you access to 16,000 ATMs and nearly 5,000 branches.
16,000 Chase ATMs and nearly 5,000 branches
(can be waived)
If you’re new to Chase, get $200 when you open this account and complete qualifying activities. It boasts convenient features to help small and growing businesses reach their goals.
You’ll get fee-free access to over 56,000 ATMs around the world
A full-service account with convenient, surcharge-free access to two massive ATM networks.
1,000 fee-free ATMs across the country
Pay a $0 monthly service charge and get free access to BBVA Compass ATMs.
1.25% on balances of $0+ with $1,000+ in direct deposits, 10 $3+ debit card transactions and 5 additional account transactions per month
Any ATM nationwide
Earn up to 1.25% APY while enjoying a suite of digital tools for smarter money management.

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.

How do I apply?

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

  1. Visit the HSBC website, hover over Banking and click Checking.
  2. Scroll to Choice Checking and click Apply now.
  3. Scroll and click Apply online under How to apply.
  4. Enter your personal information and click Continue.
  5. Enter your address, employment details and other personal information and click Continue.
  6. Verify all information and click Continue.
  7. 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:

Bottom line

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 watch for the high monthly fee.

As always, compare your checking account options to find the benefits that best meet your financial needs.

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