HSBC ACCOUNT DOCUMENTS

Qualified Personal Balances
for Choice Checking Include

• Average ledger balance in your HSBC Bank USA, N.A. personal checking, savings,
Trust and/or Certificate of Deposit U.S. Dollar accounts for the calendar month.
• The current U.S. Dollar market value of assets held in your HSBC Securities (USA)
Inc. brokerage account.+
• Current contract value of annuities owned by you and purchased through HSBC Securities
(USA) Inc. and for which an agent of HSBC Securities (USA) Inc. is the agent of record.+

Choice Checking

QUALIFYING
BALANCES

+Investment and certain insurance products, including annuities, are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. In California, HSI
conducts insurance business as HSBC Securities Insurance Services. License #: OE67746. HSI is an affiliate of HSBC Bank USA, N.A. Whole life, universal life, term
life, and other types of insurance are provided by unaffiliated third parties and offered through HSBC Insurance Agency (USA) Inc., a wholly owned subsidiary of
HSBC Bank USA, N.A. Products and services may vary by state and are not available in all states. California license #: OD36843.
Investments, Annuity and Insurance Products: Are not a deposit or other obligation of the bank or any of its affiliates; Not FDIC insured or insured by any
federal government agency of the United States; Not guaranteed by the bank or any of its affiliates; and subject to investment risk, including possible loss of
principal invested.
All decisions regarding the tax implications of your investment(s) should be made in connection with your independent tax advisor.

How Interest and APY Work Section – The How Interest and APY Work section in the following Terms &
Charges Disclosure(s) is revised to clarify that you will receive any accrued interest when you close your account.
HSBC Premier, HSBC Advance
HOW INTEREST
AND APY WORK

Accrued Interest

Interest begins to accrue on the business day you deposit noncash items (e.g., checks). If
you close your account before interest is credited, you will receive the accrued interest.

Page 5 of 7

Rev. 04/21/2018

How Deposit and Withdrawals Work Section – The How Deposit and Withdrawals Work section in the

following Terms & Charges Disclosure(s) is revised to clarify the order in which transactions are posted and when your
deposits are available.
HSBC Premier
We post transactions to your account throughout the day in the order that we receive
them.
For your benefit to minimize NSF/UNA fees that you could be charged, we take the
following action at the end of the day. Once all items have posted to your account, we
start with the bank/ledger balance at the beginning of the day and sort all posted
transactions in the following order to determine your end of day bank/ledger balance:

HOW
DEPOSITS AND

1. Add deposits and credits.
2. Subtract fees resulting from prior day activities which were not charged on the
current day (e.g., Chargeback Fee).
3. Subtract outgoing wire transfers.
4. Subtract account withdrawals performed at the branch from lowest to highest dollar
The Order in Which Deposits
amount.
and Withdrawals Are Processed
5. Subtract transactions that were authorized based on your available balance at the time
you performed the transactions. Transactions will be sorted in lowest to highest
dollar amount, regardless of the date the transaction was performed. Transactions
include everyday debit card transactions, ATM withdrawals, and online transactions.
6. Subtract all other items in lowest to highest dollar amount.
7. Subtract fees resulting from current day activities (e.g., Stop Payment Fee).
After determining your end of day bank/ledger balance, we subtract the amount of
any deposit not currently available (refer to the Funds Availability section for more
information) and subtract holds (e.g., debit card authorizations) from the end of day
bank/ledger balance to determine your available balance, and whether or not an
overdraft fee is assessed.

WITHDRAWALS
WORK

When Your Deposits Are
Available (Funds Availability6)

• Cash deposit with teller or at ATM: Same calendar day the Bank receives the
deposit.
• Funds transfers between HSBC Bank USA, N.A. accounts in the same name
and Global Transfers: Same calendar day the Bank receives the deposit.
• Electronic Direct Deposit/Wire Transfer: Same Business Day the Bank receives
the deposit.
• Check deposit with teller or at ATM:
– The first $200 from a deposit of one or more non HSBC checks will always be
made available on the first Business Day after the day of your deposit. The
remainder of your deposit will be available no later than the second Business
Day after the day of your deposit.
– In some situations, we may notify you after your deposit is made that your funds will
generally be available by the sixth Business Day after the day of your deposit.
A “Business Day” is every day except Saturday, Sunday and Federal holidays.

6 – For complete details, please consult the Rules For Consumer Deposit Accounts which includes the Funds Availability Policy and Transaction Processing Times.

Page 6 of 7

Rev. 04/21/2018

HSBC Advance, Choice Checking, Basic Banking
We post transactions to your account throughout the day in the order that we receive
them.
For your benefit to minimize NSF/UNA fees that you could be charged, we take the
following action at the end of the day. Once all items have posted to your account, we
start with the bank/ledger balance at the beginning of the day and sort all posted
transactions in the following order to determine your end of day bank/ledger balance:

The Order in Which Deposits
and Withdrawals Are
Processed

HOW
DEPOSITS AND

1. Add deposits and credits.
2. Subtract fees resulting from prior day activities which were not charged on the
current day (e.g., Chargeback Fee).
3. Subtract outgoing wire transfers.
4. Subtract account withdrawals performed at the branch from lowest to highest dollar
amount.
5. Subtract transactions that were authorized based on your available balance at the time
you performed the transactions. Transactions will be sorted in lowest to highest
dollar amount, regardless of the date the transaction was performed. Transactions
include everyday debit card transactions, ATM withdrawals, and online transactions.
6. Subtract all other items in lowest to highest dollar amount.
7. Subtract fees resulting from current day activities (e.g., Stop Payment Fee).
After determining your end of day bank/ledger balance, we subtract the amount of
any deposit not currently available (refer to the Funds Availability section for more
information) and subtract holds (e.g., debit card authorizations) from the end of day
bank/ledger balance to determine your available balance, and whether or not an
overdraft fee is assessed.

WITHDRAWALS
WORK

When Your Deposits Are
Available (Funds Availability7)

• Cash deposit with teller or at ATM: Same calendar day the Bank receives the
deposit.
• Funds transfers between HSBC Bank USA, N.A. accounts in the same name
and Global Transfers: Same calendar day the Bank receives the deposit.
• Electronic Direct Deposit/Wire Transfer: Same Business Day the Bank receives
the deposit.
• Check deposit with teller or at ATM:
– The first $200 from a deposit of one or more non HSBC checks will always be
made availab
le on the first Business Day after the day of your deposit. The
remainder of your deposit will be available no later than the second Business
Day after the day of your deposit.
– In some situations, we may notify you after your deposit is made that your funds will
generally be available by the sixth Business Day after the day of your deposit.
A “Business Day” is every day except Saturday, Sunday and Federal holidays.

7 – For complete details, please consult the Rules For Consumer Deposit Accounts which includes the Funds Availability Policy and Transaction Processing Times.

All other information within your Terms & Charges Disclosure, including any prior amendments,
remains in effect.

Page 7 of 7

Rev. 04/21/2018

BASIC BANKING

The following information was correct as of 08/03/2018
Have questions or need current rate information?
Call us at 800.975.HSBC (4722)

TERMS & CHARGES DISCLOSURE1

It’s important that you understand exactly how your Basic Banking account works. We’ve created this summary to explain the fees and some
key terms of your account.
ELIGIBILITY
RATE
INFORMATION
ADDITIONAL
RATE
INFORMATION

The Basic Banking account has no minimum balance requirement and the monthly maintenance fee is $3 per month.
Minimum Balance to Obtain APY

Interest Rate

Annual Percentage Yield (APY)

Not Applicable

Not Applicable

Not Applicable

Method Used to Compute Interest

Not Applicable

Compounding Period

Not Applicable

Interest is Credited

Not Applicable

Monthly Maintenance Fee
MONTHLY
MAINTENANCE
FEE

ACCOUNT
FUNDING
INFORMATION

AUTOMATED
TELLER
MACHINE (ATM)
AND OTHER
ELECTRONIC
FUND TRANSFER
(EFT) FACILITY
CHARGES2

$3

Regardless of balance.
Fee for each check/withdrawal slip processed by HSBC over 8. You may
make an unlimited number of deposits without any additional charge. This
fee does not apply to ATM Withdrawals and transactions using the Bill Pay
service. This fee is waived if your account was opened and maintained by a
branch in the State of Illinois.

Monthly Transaction Fee(s)

$.35

Minimum Deposit to Open

$0

When account opened by a Bank representative.

Minimum Deposit to Open
Online

$0

Including computer self-serve account openings in a branch.

Maximum Daily Online
Limit

$350,000

U.S. HSBC ATM Fees3

$0

Maximum when funding the account or making additional daily deposits/
withdrawals with an electronic transfer to or from another financial
institution.
For using an HSBC Bank USA, N.A. ATM to complete any transaction in the
U.S.

Other ATM Fees

$2.50

For each withdrawal, balance inquiry or transfer using a non-HSBC ATM.
(You may also be charged additional fees by the ATM operator or network
used including a fee by another HSBC entity operating ATMs outside the
U.S.)

Currency Conversion on
Foreign Transactions4

Varies

When transacting in a foreign country, even in U.S. dollars, a conversion rate
will be applied to determine the transaction amount on the posting date which
may be different from your transaction date.

Foreign Transaction Fee5

3%

3

The percentage of the transaction amount after conversion to U.S. dollars.

Page 1 of 5

Deposit products are offered in the U.S. by HSBC Bank USA, N.A.
Member FDIC
Rev. 09/01/2017

BASIC BANKING

The following information was correct as of 08/03/2018
Have questions or need current rate information?
Call us at 800.975.HSBC (4722)

TERMS & CHARGES DISCLOSURE1

Fees for when you don’t have enough money, or enough available money in your account to pay the transaction.

Insufficient Funds (NSF)

Unavailable Funds (UNA)

OVERDRAFT
AND RETURNED
ITEMS FEES

$35

$35

For each withdrawal, check, electronic funds transfer or other item that
overdraws your account. A fee is charged whether we pay or return the item.
Example: When a check is presented for payment from your account and you
don’t have enough money to cover the check, we return or pay it and charge
a fee. However, if your account balance at the end of the business day is
overdrawn by $10 or less, there is no fee.
For each withdrawal, check, electronic funds transfer or other item that is
drawn against unavailable funds. A fee is charged whether we pay or return
the item. Example: When a check is presented for payment from your
account and the money in your account is not available for use, we will return
or pay it and charge a fee. However, if your available balance at the end of
the business day is overdrawn by $10 or less, there is no fee.
Please see “HOW DEPOSITS AND WITHFRRAWALS WORK” section to
learn more about funds availability.

Maximum Number of
Overdraft Fees
Overdraft Fees resulting
from ATM and everyday
debit card transactions

HSBC will only charge you a maximum of 3 combined NSF or UNA fees per day.

$0

We do not authorize and pay overdrafts for ATM and everyday debit card
transactions unless you are using an overdraft protection plan to cover these
transactions. An overdraft protection plan with available funds is necessary to
have these transactions paid.

See Select
Credit
Overdraft Transaction Fee on
For complete terms and conditions, see the HSBC Select Credit Account
Summary of Summary of Terms for information on overdraft pricing.
linked Select Credit
Terms
See
applicable Overdraft Transaction Fees vary by Credit Card. Therefore, please refer to
Overdraft Transaction Fee on
Credit Card the applicable HSBC Credit Card Summary of Terms for information on
linked HSBC Credtit Cards
Summary of overdraft pricing.
Terms
Extended Overdraft Fee

$0

HSBC does not charge extended overdraft fees.

Page 2 of 5

Deposit products are offered in the U.S. by HSBC Bank USA, N.A.
Member FDIC
Rev. 09/01/2017

BASIC BANKING

The following information was correct as of 08/03/2018
Have questions or need current rate information?
Call us at 800.975.HSBC (4722)

TERMS & CHARGES DISCLOSURE1
Statements

Recordcheck® Service
STATEMENT
SERVICES

A record of your transactions is mailed or made available periodically.

No Cost

If you choose this service, the Bank will keep a record of your cancelled
checks instead of providing image copies of the front of cancelled checks
with your statement. If you need a copy of a cancelled check, the Bank
will mail it to you. A reconstruction fee may apply if you request a total
reconstruction (copies of all checks and/or statements) for one or more
statements.

Monthly Image Cancelled
Check Return Fee

$5

Per month for Image of Cancelled Check Return Service, which is charged
even if no cancelled check images are returned. This fee is waived if your
account was opened and maintained by a branch in the State of Washington.

Copy of Item or Statement

$5

For each item or statement.

Statement Reconstruction

$40

Per hour plus copy fees. A total reconstruction provides copies of all checks
and/or statements for one or more statements.

Interested Party Statement

$5

For each statement sent to a third party at the customer’s request.

Account Closing

$25

If your account is closed within 180 days of opening.

$20

For each original letter provided verifying your deposit account(s) with us.

$5

For each additional copy.

$10

For each check or other item tha
t you deposit that is returned to us unpaid.

Varies

Charges for personal checks, deposit slips or other banking supplies varies
based on items ordered.

Balance Verification Letter
Chargeback
OTHER ACCOUNT
RELATED FEES

Monthly

Checkbook Supplies
Legal Papers

$100

For each court order, restraining notice, levy or other legal paper that requires
us to put a hold on your account or to pay out money from your account to
someone else.

Reconcilement

$50

Per hour if you cannot balance your statement and do not bring it to our
attention before you received your next statement, we may charge you an
hourly fee to locate the error.

Stop Payment

$30

For each stop payment order placed.

Page 3 of 5

Deposit products are offered in the U.S. by HSBC Bank USA, N.A.
Member FDIC
Rev. 09/01/2017

BASIC BANKING

The following information was correct as of 08/03/2018
Have questions or need current rate information?
Call us at 800.975.HSBC (4722)

TERMS & CHARGES DISCLOSURE1
Canadian Check Processed

Domestic Collection
OTHER
MISCELLANEOUS Funds (Wire) Transfer-In
SERVICE FEES
Funds (Wire) Transfer-Out –
subject to change
Domestic and International
without notice
Cashier’s Check – DFT
(Commission USD)6

QUALIFYING
BALANCES

$2

Each

$25

For collection of a check drawn against a U.S. institution instead of
depositing it to your HSBC account, or when you authorize another
institution to close your HSBC account. This fee is $15 if your account was
opened and maintained by a branch in the State of California, Washington or
Oregon.

$15

Per incoming transfer.

For applicable transfer fees, please refer to the Pre-Payment and Receipt Disclosures
received at the time of your wire transaction.
$12

For each U.S. Dollar Draft or Cashier’s Check purchased in U.S. dollars.

Protest Letter

$20

Each. This fee is waived if your account was opened and maintained by a
branch in the State of California.

Special Statement

$6

For each request generated outside the normal statement cycle.

Qualifying balances do not apply to Basic Banking.

The Order in Which
Deposits and Withdrawals
Are Processed

Generally for checking accounts, at the end of the Business Day we will complete the
following to determine your end of day bank/ledger balance:
● Start with the bank/ledger balance in your account.
● Add deposits and credits to your account.
● Subtract account withdrawals performed at the branch from lowest to highest dollar
amount.
● Subtract transaction amounts that were authorized based on your available balance at the
time you performed the transaction. Transactions will post in lowest to highest dollar
amount, regardless of the date the transaction was authorized. Transactions include
everyday debit card transactions, ATM withdrawals, and online transactions. (Note: The
amount authorized for debit card transactions might vary from the actual amount of the
transaction that posts to your account at settlement.)
● Subtract all other items in lowest to highest dollar amount.
● Subtract fees.
After completing the steps above to determine your end of day bank/ledger balance, we
subtract the amount of any deposit not currently available (refer to the Funds Availability
section for more information) and subtract holds (e.g., debit card authorizations) from the
end of day bank/ledger balance to determine your available balance, and whether or not an
overdraft fee is assessed.

When Your Deposits
Are Available
(Funds Availability7)

● Cash deposit with teller or at ATM: Same calendar day the Bank receives the deposit.
● Funds transfers between HSBC Bank USA, N.A. accounts in the same name: Same
calendar day the Bank receives the deposit.
● Electronic direct deposit/Wire transfer: Same Business Day the Bank receives the
deposit.
● Check deposit with teller or at ATM:
– The first $200 from a deposit of one or more non HSBC checks will always be made
available on the first Business Day after the day of your deposit. The remainder of your
deposit will be available no later than the second Business Day after the day of your
deposit.
– In some situations, we may notify you after your deposit is made that your funds will
generally be available by the sixth Business Day after the day of your deposit.
A “Business Day” is every day except Saturday, Sunday and Federal holidays.

HOW
DEPOSITS AND
WITHDRAWALS
WORK

Page 4 of 5

Deposit products are offered in the U.S. by HSBC Bank USA, N.A.
Member FDIC
Rev. 09/01/2017

BASIC BANKING

The following information was correct as of 08/03/2018
Have questions or need current rate information?
Call us at 800.975.HSBC (4722)

TERMS & CHARGES DISCLOSURE1

1 – BANK RULES – This document is part of the Rules For Consumer Deposit Accounts (the “Rules”). In case of inconsistency between this document and the Rules,
this document governs all inconsistencies except for those in “HOW DEPOSITS AND WITHDRAWALS WORK” which shall be governed by the Rules.
2 – Cards referenced are issued by HSBC Bank USA, National Association (“HSBC Bank USA, N.A.”).
3 – Electronic Fund Transfer (EFT) Facility Service Charges apply to your account when using your Debit Mastercard® card or ATM card. Mastercard® and the
Mastercard brand mark are registered trademarks of Mastercard International Incorporated.
4 – Currency Conversion on Foreign Transactions
If you effect a transaction on your HSBC Bank Consumer Checking or Savings account at an EFT facility with your Debit Mastercard® card or ATM card in a
currency other than U.S. dollars or effect a transaction in U.S. dollars outside the United States, Mastercard International Incorporated (“Card Association”) will
convert the transaction into a U.S. dollar amount. A currency conversion will occur even if the transaction is made in U.S. dollars. Card Association will act in
accordance with the operating regulations or foreign currency conversion procedures then in effect. Currently the currency conversion rate used to determine the
transaction amount in U.S. dollars for such transactions is either a government-mandated rate or a wholesale rate determined by Card Association for the processing
cycle in which the transaction is processed. The currency conversion rate used by Card Association on the processing date may differ from the rate that would have
been used on the transaction date or cardholder statement posting date.
5 – Foreign Transaction Fee*
If you effect a transaction on your HSBC Bank Consumer Checking or Savings account at an EFT facility with your Debit Mastercard® card or ATM card outside the
United States, the transaction amount is further increased by a percentage established from time to time by us.
*This Foreign Transaction Fee does not apply to transactions using your Jade by HSBC Premier World Debit Mastercard® card or HSBC Premier World Debit
Mastercard® card.
6 – For owners of HSBC Premier deposit products in the U.S., there is no charge. For owners of HSBC Advance deposit products in the U.S., the fee for Cashier’s Check
– DFT (Commissions USD) is $10.
7 – For complete details, please consult the Rules For Consumer Deposit Accounts which includes the Funds Availability Policy.

WANT MORE INFO? SEE THE RULES FOR CONSUMER DEPOSIT ACCOUNTS

Page 5 of 5

Deposit products are offered in the U.S. by HSBC Bank USA, N.A.
Member FDIC
Rev. 09/01/2017