BASIC BANKING
The following information was correct as of 01/30/2015
Have questions or need current rate information?
Call us at 1-800-975-HSBC (4722)
TERMS & CHARGES DISCLOSURE1 and
EFT FACILITY CHARGES
It’s important that you understand exactly how your Basic Banking checking 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
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.
Monthly Transaction Fee(s)
$.35
Minimum Deposit to Open
$0
When account opened by a bank representative.
Minimum Deposit to Open Online
$1
Including computer self-serve account openings in a branch.
Maximum Daily Online Limit
US HSBC ATM Fees3
AUTOMATED
TELLER
MACHINE (ATM)
AND OTHER
ELECTRONIC
FUNDS TRANSFER
(EFT) FACILITY
CHARGES2
$3
$350,000
$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 US.
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 US.
Retail Locations Accepting ATM
Cards for Purchases
$.25
For each purchase transaction or balance inquiry when using your
ATM card. This fee is waived if your account was opened and
maintained by a branch in the State of California.
3
Currency Conversion on Foreign
Transactions4
Foreign Transaction Fee5
Varies
3%
Page 1 of 5
When transacting in a foreign country, even in US dollars,
a conversion rate will be applied to determine the transaction
amount on the posting date which may be different from your
transaction date.
The percentage of the transaction amount after conversion to US
dollars.
Deposit products in the U.S. offered by HSBC Bank USA, N.A.
Member FDIC
Rev. 11/22/2014:700-711
BASIC BANKING
The following information was correct as of 01/30/2015
Have questions or need current rate information?
Call us at 1-800-975-HSBC (4722)
TERMS & CHARGES DISCLOSURE1 and
EFT FACILITY CHARGES
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)
Maximum Number of Overdraft Fees
OVERDRAFT
AND RETURNED
ITEMS FEES
Overdraft Fees resulting from ATM
and everyday debit card transactions
Overdraft Transaction Fee on Select
Credit® for Overdraft Protection
Overdraft Transaction Fee on HSBC
Platinum MasterCard® Credit Cards*
Extended Overdraft Fee
$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.
$35
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 WITHDRAWALS WORK" section to learn
more about funds availability.
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.
$10
Up to $10 maximum per day6. A fee is charged to your HSBC
Select Credit® for Overdraft Protection each day an advance is
made to pay overdrafts to your Basic Banking checking account.
For complete terms and conditions, see the HSBC Select Credit®
for Overdraft Protection Account Summary of Terms.
$10 or 4%6, whichever is greater, will apply on the overdraft
amount to your Basic Banking checking account. For complete
terms and conditions, see the applicable HSBC Credit Card
Summary of Terms for the Platinum MasterCard®, Platinum
MasterCard® with Cash or Fly Rewards or the Platinum
MasterCard® with Rewards credit card.
$10 or 4%
$0
Page 2 of 5
* In the event you link an HSBC Premier World MasterCard
credit card or an HSBC Advance credit card to your Basic
Banking or Choice Checking account as overdraft protection, the
overdraft fee structure associated with such cards would apply.
Please see the relevant HSBC Credit Card Summary of Terms for
complete details.
HSBC does not charge extended overdraft fees.
Deposit products in the U.S. offered by HSBC Bank USA, N.A.
Member FDIC
Rev. 11/22/2014:700-711
BASIC BANKING
The following information was correct as of 01/30/2015
Have questions or need current rate information?
Call us at 1-800-975-HSBC (4722)
TERMS & CHARGES DISCLOSURE1 and
EFT FACILITY CHARGES
Monthly
A record of your transactions are 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.
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 that you deposit that is returned to us
unpaid.
Statements
Recordcheck®
STATEMENT
SERVICES
Balance Verification Letter
Chargeback
OTHER ACCOUNT Checkbook Supplies
RELATED FEES
Varies
Charges for personal checks, deposit slips or other banking
supplies varies based on items ordered.
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 in the U.S. offered by HSBC Bank USA, N.A.
Member FDIC
Rev. 11/22/2014:700-711
BASIC BANKING
The following information was correct as of 01/30/2015
Have questions or need current rate information?
Call us at 1-800-975-HSBC (4722)
TERMS & CHARGES DISCLOSURE1 and
EFT FACILITY CHARGES
OTHER
MISCELLANEOUS
SERVICE FEES
subject to change
without notice
QUALIFYING
BALANCES
Canadian Check Processed
$2
Each
Domestic Collection
$25
For collection of a check drawn against a US institution instead of
depositing it to your HSBC account, or when you authorize
another institution to close your HSBC account.
Funds (Wire) Transfer-In
$15
Per incoming transfer
Funds (Wire) Transfer-Out –
Domestic and International
For applicable transfer fees, please refer to the Pre-Payment and Receipt Disclosures
received at the time of your wire transaction.
Foreign Currency Draft
(DD Commission)7
$30
For each official bank check purchased in foreign currency.
US Dollar Draft - DFT
(Commission USD)7
$12
For each official bank check purchased in US currency.
Protest Letter
$20
Each
Special Statement
$6
For each request generated outside the normal statement cycle.
Qualifying balances do not apply to Basic Banking.
Generally, for each Business Day we will:
The Order in Which Deposits and
Withdrawals Are Processed
HOW DEPOSITS
AND
WITHDRAWALS
WORK
When Your Deposits Are Available
(Funds Availability8)
First: add deposits and credits to your account.
Second: subtract from available balance account withdrawals performed at the
branch from lowest to highest dollar amount.
Third: subtract from available balance transaction amounts that are authorized
based on your available balance at the time you performed the transaction in lowest
to highest dollar amount. 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.)
Fourth: subtract all other items in lowest to highest dollar amount.
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:
- Cash withdrawals of the full deposit amount may not be available until the third
Business Day after the day of your deposit. 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
for paying items 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.
Page 4 of 5
Deposit products in the U.S. offered by HSBC Bank USA, N.A.
Member FDIC
Rev. 11/22/2014:700-711
BASIC BANKING
The following information was correct as of 01/30/2015
Have questions or need current rate information?
Call us at 1-800-975-HSBC (4722)
TERMS & CHARGES DISCLOSURE1 and
EFT FACILITY CHARGES
1 - BANK RULES - This document is part of the Rules for 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 WITHDRAWLS 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 Funds Transfer (EFT) Facility Service Charges apply to your account when using your Debit MasterCard® card, MasterCard® credit card, Visa® credit 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, ATM card, MasterCard®
credit card, or Visa® credit card in a currency other than US dollars or effect a transaction in US dollars outside the United States, MasterCard International Incorporated or
Visa International as applicable ("Card Association") will convert the transaction into a US dollar amount. A currency conversion will occur even if the transaction is made
in US dollars. Card Associations 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 US dollars for such transactions is either a government-mandated rate or a wholesale rate determined by Card
Associations for the processing cycle in which the transaction is processed. The currency conversion rate used by Card Associations 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, ATM card, MasterCard®
credit card or Visa® credit 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 HSBC Premier World MasterCard® card or Premier Debit MasterCard® card.
6 - Select Credit® for Overdraft Protection:
The information about the costs and benefits of this credit offer described is accurate as of 11/01/2014. The information may have changed after that date. To find out what
may have changed, call 1-800-975-HSBC (4722). A variable Cash Advance APR of 17.99% will apply to overdraft transactions and cash advances by any available
electronic/telephonic method. A variable Checks APR of 21.99% will apply to all select credit and counter checks. These APRs will vary with the market based on the
Prime Rate. For each billing cycle, variable APRs are calculated by adding a specified amount (“Spread”) to the U.S. prime rate published in the Money Rates table of The
Wall Street Journal that is in effect on the last day of the month (“Prime Rate”). If the Prime Rate changes, the new APRs will take effect on the first day of your billing
cycle beginning in the next month. An Overdraft Transaction Fee may be charged each day an advance is made to pay overdrafts to your checking account, with a minimum
fee equal to the amount transferred to cover your overdraft(s) up to a maximum fee of $10 per day. This fee is waived for customers with a U.S. HSBC Premier relationship,
so long as eligibility requirements are met. A Select Credit Check Transaction Fee of either $5 or 3%, whichever is greater, will apply on the amount of each transaction.
There is no Annual Fee.
Platinum MasterCard®; Platinum MasterCard® with Cash or Fly Rewards and Platinum MasterCard® with Rewards credit cards:
The information about the costs and benefits of the cards described is accurate as of 11/01/2014. The information may have changed after that date. To find out what may
have changed, call 1-888-385-8916. The 0% Introductory APR does not apply to cash advances and overdrafts. After the Introductory Period, a variable Purchase APR of
12.99%, 16.99% or 22.99%, depending on your creditworthiness, will apply to credit card purchases. After the Introductory Period, a variable Balance Transfer APR of
12.99%, 16.99% or 22.99%, depending on your creditworthiness, will apply to balance transfers and credit card checks. The variable Cash APR applies to cash advances and
overdrafts and is 24.99%. Your APRs may increase to the variable Penalty APR of 29.99% if you fail to make a minimum payment to us when due. These APRs will vary
with the market based on the Prime Rate. For each billing cycle, variable APRs are calculated by adding a specified amount (“Spread”) to the U.S. prime rate published in
the Money Rates table of The Wall Street Journal that is in effect on the last day of the month (“Prime Rate”). If the Prime Rate changes, the new APRs will take effect on
the first day of your billing cycle beginning in the next month. The Minimum Interest Charge is $1.00. A Cash Advance Fee of either $10 or 4%, whichever is greater, will
apply on each cash advance transaction. A Balance Transfer Fee of either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check. An
Overdraft Transaction Fee of $10 or 4%, whichever is greater, will apply on the overdraft amount, if applicable. There is no Annual Fee or Foreign Transaction Fee
7 - For owners of HSBC Premier deposit products in the US, there is no charge. For owners of HSBC Advance deposit products in the US, the fee for Foreign Currency Draft
(DD Commission) is $25 and the fee for US Dollar Draft - DFT (Commission USD) is $10.
8 - For complete details, please consult the Rules for Deposit Accounts which includes the Funds Availability Policy.
WANT MORE INFO? SEE THE RULES FOR DEPOSIT ACCOUNTS
Page 5 of 5
Deposit products in the U.S. offered by HSBC Bank USA, N.A.
Member FDIC
Rev. 11/22/2014:700-711
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