Interest Checking ($75 bonus)
- To avoid fees, you need to keep $3,000 in combined balances, or simulate direct deposit with an ACH transfer from another bank each month. HSBC Direct balances count toward the $3,000 requirement!
Free Checking ($25 bonus)
- No monthly fees, no minimum balance, no direct deposit requirement
- You do need some sort of checking activity every 3 months, or you’ll be knocked down to Basic Banking checking, which does have fees.
- HSBC Debit MasterCard® Card with PayPassTM
- Free first order of selected wallet-style checks
- Check-writing ability, and thus the ability to link to banks like ING Direct, Emigrant Direct, etc.
- ATM access to money and free Online Billpay
- Possible branch access to people who live near one.
- Instant Transfers between Checking and HSBC Direct accounts, and thus possibly avoid HSBC’s longer transfer times.
Best of all you can even sign up for their online savings account with 6.00% APY before April 30. This offer includes:
- No monthly fees
- No minimum balance requirement
- 6.00% APY* on New Money until April 30.
When you open an account, you
- Only have to put $1 in to start
- Don't have to open a checking account with HSBC
- Will manage your account on hsbcdirect.com instead of at a branch
Manage your account by
- Depositing or withdrawing at any HSBC ATM
- Sending your deposit by mail
- Transferring funds online to and from your other bank accounts