Most Popular Accounts
About the Bank
HSBC is a multinational bank headquartered in London and it’s one of the largest banks in the world by assets. In the U.S., HSBC offers personal, business and corporate banking services with branches in California, Connecticut, Delaware, Washington D.C., Florida, Maryland, New Jersey, New York, Pennsylvania, Virginia and Washington. If you don’t live in one of those states, you can still apply for HSBC banking products online. Those products include:
- Checking and savings accounts
- Certificates of deposit
- HSBC credit cards
- Mortgage loans
- Lines of credit
HSBC offers four checking account options. Basic Banking is designed for people who don’t write checks that often and want a low monthly maintenance fee with no minimum balance requirement. Choice Checking combines value and convenience with all the features you’d expect in a checking account and a monthly maintenance fee that’s easily avoidable if you maintain direct deposit or meet minimum balance requirements.
HSBC Advance Checking and Premier Checking are designed for people who maintain a higher minimum balance in checking and need products or services they can access globally. The monthly fees are higher for these accounts but you get more in the way of features. Premier Checking, for example, comes with access to professional banking support from an HSBC Relationship Manager.
What’s appealing about HSBC’s checking accounts are the incentives the bank offers to get you to open an account. HSBC routinely offers welcome deposits for new account owners who qualify. Depending on which account you open and how much you initially deposit, the bonus deposit can easily be worth several hundred dollars. That’s essentially free money you’re getting just for banking with HSBC. (Although those deposits are subject to tax.)
You’ve got three ways to save with HSBC. Everyday Savings is a traditional savings account that earns on interest on deposits. There’s a low monthly maintenance fee but you can get around it by meeting the minimum balance requirement. The Advance and Premier savings accounts offer higher interest rates for savers so you can grow your money faster. The rates for these accounts are tiered so the more you save, the more interest you can earn.
Rates are also tiered for HSBC CDs. Online CD accounts can be opened in six, 12 or 24 month terms. The minimum deposit for a CD account is $1,000; the minimum deposit for savings accounts, on the other hand, is just $1.
HSBC offers several credit card options, including a balance transfer card, cash back rewards cards and cards for earning travel rewards. The HSBC Premier World Elite Mastercard® credit card, for example, comes with a generous introductory rewards bonus for qualifying new account members, great ongoing travel rewards and money-saving extras like complimentary lounge access to 850+ airport lounges worldwide.
All HSBC credit cards and debit cards can be managed through mobile and online banking. You can also complete mobile check deposits, make transfers and pay bills through the mobile app. As an added security feature, HSBC offers Touch ID for Apple iPhone 5 and above users to keep your information safe.
HSBC Bank Fees
- National Average
- Monthly Inactivity N/A $6
- Non-Sufficient Fund (Overdraft) $35 $30
- Stop Payment item $30 $27
- Return Deposit $10 $13
- Domestic Wire Transfer (Outbound) $35 $22
- Domestic Wire Transfer (Inbound) $15 $10
- Non-Bank ATM $2.5 $1.0
Locations & Hours
Locations & Hours
We found bank branches & ATMs within miles of .View Locations & Hours
Latest Customer Reviews
Reviewed By Frankw Oct 23, 2017
You will lost a lot of money for the bank fee, very expensive,
You will lost a lot of money for the bank fee, very expensive, don't open account with this HSBC, for the business account if you don't have 15000 USA Dollars in the bank, the bank will take 30 usa dollars by monthly fee, to close the account, you must pay 80 usa dollars, to return a wire, they charge 50 usa dollars and more, everything need pay, this is the most expensive bank in my life.
Open my account just for 6 years with around 4200 usa dollars only for the bank fee.
Poor bank, never open account again in the future.Thank you for your feedback Is this review helpful?
Reviewed By waseeq Oct 10, 2017
Credit Card offer
Horrible offers what they have promised did not obey within time frame. I have open credit card account with them 4 months ago, according to the terms and condition after 90 days or 3 statements they will give me credit but after 100 days I call the Manager of the Bank who open my account and keep saying that this will be in your account soon. Today he says he can not help and ask me to call customer services.Thank you for your feedback Is this review helpful?
Reviewed By hsbc_is_horrible Sep 28, 2017
Is hsbc a good bank? Definitely not. Avoid.
I'm an expat in EUROPE and i've been having countless issues with hsbc.
- the online message systems is useless: they can't do shit. They can't make changes, you have to call.
- in order to make any changes to your profile (even change your address) you have to phone in uk. Who's gonna reimbourse those charges?
- they took 4 months to deliver my new debit card: for some reasons the parcel was lost and was untraceable. I had to ask a friend in Manchester to receive it and forward it to me using a courier.
- they are changing their sort code and iban in october and they decided to comunicate the new information... by letter. Did i receive it ? Of course not. When it's happening? In October!
- I won't get any email notification of the online messages! So i discovered only today that they are changing those informations.
Shame. Shame. Shame.Thank you for your feedback Is this review helpful?