HSBC Direct accounts are available across the U.S. The accounts are through HSBC Bank USA, N.A. If you have an account, you can make a deposit or withdrawal at one of the HSBC locations in the U.S.
HSBC CDs offer a competitive APY and the HSBC Direct Checking account charges no monthly maintenance fees.
It pays a competitive yield on CDs.
The Direct Checking account has no monthly maintenance fee and pays some interest.
There are no fees to use HSBC ATMs in the U.S.
You can deposit checks with the HSBC mobile banking app.
The savings account doesn’t have an ATM or debit card.
HSBC has branches in only nine states and Washington, D.C.
The bank doesn't sell paper checks for its Direct Checking account.
There is a $25 fee for closing a checking or savings account within 180 days of opening.
HSBC Direct offers several standout features. You can reach a bank representative 24 hours a day, seven days a week. You can also take advantage of HSBC Direct’s money management tools, which can help you budget and create savings goals. If you’re comfortable sharing data, you can link non-HSBC accounts and see your whole financial picture in one place.
However, access to free ATMs is limited compared with other banks. HSBC has 217 ATMs.
About HSBC Bank USA
HSBC Bank USA has branches in California, Connecticut, Florida, Maryland, New Jersey, New York, Pennsylvania, Virginia, Washington and Washington, D.C. HSBC Direct accounts are through HSBC Bank USA, N.A. and are offered online in all 50 states.
HSBC has more than 40 million customers worldwide, and its worldwide network covers 64 countries and territories.
HSBC Direct began offering accounts in March 2018. It offers a checking account, certificates of deposit and savings account.