HSBC · U.S. checking accounts

HSBC Premier Checking

Premium checking with international account-opening support in eligible countries, including India. $50 monthly fee unless qualifying balance, direct deposit, mortgage or specified private-bank conditions apply; no minimum opening deposit.

Pros

International account-opening support in eligible locations, including India.
No minimum opening deposit.
No HSBC incoming wire fee.
Eligible HSBC global accounts can be managed together.
New customers can earn up to $3,000 (Q4 2026 offer, Sep 1–Dec 31, 2026): $1,000 for $50,000–$99,999, $1,500 for $100,000–$249,999, $2,000 for $250,000–$499,999, or $3,000 for $500,000+ in new money deposited or invested within 30 days and maintained for 3 full calendar months; marketing-email opt-in required. The $50,000 tier does not waive the $50 monthly maintenance fee.

Cons

$50 monthly after the initial waiver period unless U.S. qualification conditions are met.
Three consecutive monthly fees after the initial waiver period can trigger closure of Premier and linked accounts under the disclosure.
An unfunded account may close after six months when it is the customer’s only U.S. HSBC product; exceptions apply.
Country availability, identity verification and tax-document requirements apply.

Generated from the provider's published terms and reviewed against official sources.

Costs and key facts

Recurring fee	50 (currency not confirmed)
Minimum opening deposit	0 (currency not confirmed)
SSN requirement	Conditional
ITIN accepted	Not confirmed
Credit check	NotStated

Fee waiver: Maintain $100,000 in qualifying balances, at least $5,000 in monthly recurring third-party direct deposits, or an eligible HSBC-serviced U.S. residential mortgage. Fees are also waived for specified Premier Elite/Private Bank customers. The opening calendar month and following three calendar months are initially waived.

Eligibility and application requirements

U.S. address: Not required

Residency and other conditions: Sole online applicants must be 18+, currently in a supported country (including India), and have an SSN or be able to complete a valid tax certificate. Non-U.S. citizens may apply if eligible. HSBC may require personal, employment, income and tax details, a passport valid at least six months, proof of permanent address, and student enrollment evidence. Joint accounts require assistance. International permanent addresses are supported; approval and Premier relationship requirements apply. Source: https://www.us.hsbc.com/account-opening/frequently-asked-questions/

Geographic restrictions: Not confirmed. Confirm availability in your state.

Product review: 31 Oct 2026. Source retrieval dates below are separate from editorial verification. An accepted ITIN does not establish residency eligibility.

Compare u.s. checking accounts requirements and costs · How we assess published requirements

Service fees

Overdraft / returned item	0 (currency not confirmed)
Outgoing domestic wire	Not confirmed
Incoming wire	0 (currency not confirmed)
Outgoing instant transfer	Not confirmed
Incoming instant transfer	Not confirmed
Global remittance	Not confirmed · Incoming wires have no HSBC fee. Domestic and international outgoing wire fees are $0 when all account holders qualify as Premier customers; other circumstances use the quoted pre-payment disclosures. Exchange rates and other-bank charges may apply.
Allpoint ATM	Not confirmed
Other ATMs	Not confirmed
Cash deposit	Not confirmed