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 Direct's savings account offers a competitive APY, while its checking account doesn’t charge monthly maintenance fees.
Competitive yield on savings account.
Checking account doesn’t have monthly maintenance fees.
You can deposit checks with the HSBC Mobile Banking app.
Savings account doesn’t have an ATM card or debit card for ATM access.
HSBC has branches in only nine states and D.C.
Checking account is called a limited service product and doesn’t offer checks.
$25 fee for closing an account within 180 days of opening (applies to checking and savings accounts).
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 also link non-HSBC accounts. In doing so, you can see your whole financial picture in one place.
However, access to free ATMs is limited, compared with other bank options. HSBC Direct offers 384 ATMs.
About HSBC Bank
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 39 million customers worldwide, and its worldwide network covers 66 countries and territories.
HSBC Direct began offering accounts in March 2018. It offers a checking account and savings account. The HSBC Direct Savings offers a competitive yield at 22 times the national average.