Reviews
HSBC Premier Checking Account review: read before applying
Learn about the HSBC Premier Checking Account, including what it offers and who is eligible. Get a detailed overview of the account's features, fees, and benefits!
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by Sabrina Paes
Open an HSBC Premier Checking Account and get the best banking products!
The HSBC Premier Checking Account, presented in this review, might be the right choice for financial needs, but it must be thoroughly reviewed before committing to it. So, read on to see its perks!
How to apply for the HSBC Premier Checking Account
Find out what you need to know before applying for an HSBC Premier checking account, and learn how to apply online.
With the HSBC Premier Checking Account, you’ll be able to earn up to 0.01% APY with $5 or more as a minimum balance. Keep reading to find out more!
| Fees* | $50 monthly fee (there are ways to avoid this monthly fee). *Terms apply. |
| Minimum balance | $75,000 minimum balance to waive the monthly fee. |
| APY | 0.01% with $5 or more as a minimum balance. |
| Credit score | N/A. |
| Rewards* | If you open your account by February 15, 2023, you’ll be able to get a $500 welcome bonus as an eligible new cardholder (you may need to meet other requirements to qualify)! *Terms apply. |
What is the HSBC Premier Checking Account?
The HSBC Premier Checking is an excellent bank account for those with the financial assets required to qualify for HSBC’s exclusive relationship status.
So, HSBC offers excellent benefits to its loyal customers, such as international banking advantages, high monthly balance requirements, and more.
However, HSBC Premier Checking has been highly reviewed and praised by customers for its excellent customer service and flexibility of membership levels.
And HSBC is focused on helping its customers manage their finances.
With HSBC Premier Checking Account, you can count on HSBC to deliver a top-notch banking experience that works around your needs.
Plus, you’ll need to open an HSBC Premier Checking Account if you want to apply for other HSBC financial products, such as credit cards and loans.
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HSBC Premier Checking Account: how does it work?
The HSBC Premier Checking Account of this review is essential for you to proceed with finance or other applications. After all, it is a type of account that serves as the basis for many banking services.
However, you may incur some associated fees if you don’t have large amounts deposited. Check out the main pros and cons of this option below!
Advantages
- HSBC Premier Checking Account holders can transfer money for free to any other HSBC Premier Checking Account holder anywhere in the world;
- There are no U.S. HSBC ATM fees charged to Premier Checking account holders when they use an HSBC ATM worldwide;
- Premier checking account holders earn interest on their deposited funds;
- Customers have access to physical branches and a nationwide network of ATMs.
Disadvantages
- A minimum required balance needs to be high for fees to be eliminated;
- Interest rates for current account income are low compared to other market options;
- $50 monthly maintenance for those who don’t reach a minimum account balance.
Does your credit score need to be good?
The HSBC Premier Checking Account in this review is a deposit-oriented account.
Therefore, the official HSBC and user pages do not provide a figure for the minimum required credit score.
However, you need to have significant deposit amounts not to have associated monthly fees. If you don’t have a significant credit score, you need at least a good amount of money.
Want to apply for the HSBC Premier Checking Account?
The HSBC Premier Checking Account featured in this review is a great option to extend your financial life.
However, knowing how to apply correctly and the requirements is important. Discover this and more in the post below.
How to apply for the HSBC Premier Checking Account
Find out what you need to know before applying for an HSBC Premier checking account, and learn how to apply online.
Sabrina Paes
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