Are you looking for a checking account that offers more than just the basics? If so, you may consider the HSBC Premier Checking review.

This account gives customers benefits such as preferential rates on home loans and surcharge-free international ATM access. We’ll take a comprehensive look at how it works. Keep reading!

The HSBC Premier Checking account is a smart choice for travelers. However, this account is not for everyone due to its high maintenance cost.

Keeping this account’s minimum balance can be challenging: $75,000 or a monthly direct deposit of $5,000. If you can’t meet this minimum balance, you’ll have to pay $50 monthly.

On the other hand, you won’t pay any foreign fees or overdraft fees.

Another great advantage of opening an HSBC Premier Checking Account is that it includes surcharge-free access to ATMs worldwide at HSBC machines.

Not only does this make it easy for travelers to get cash abroad without worrying about extra fees, but it also allows them to transfer up to $200,000 daily from linked international HSBC accounts at no extra charges.

The included HSBC Premier Debit World Mastercard also has no foreign transaction fees.

When signing up for an HSBC Premier Checking Account, customers are given an HSBC Premier Savings Account at no extra cost.

This is great news for those who want to move all their money to a new bank in one go – they don’t have to open two separate accounts or worry about transferring funds between them.

Another benefit of opening an HSBC Premier Checking Account is that customers can get preferential rates on home loans offered by the bank.

So when applying for a mortgage with HSBC Bank, you’ll enjoy lower interest rates than those offered by other lenders – making your loan more affordable in the long run.

Also, if this account is FDIC insured, then your money is safe. Plus, customers can extend their premium status up to four family members.

On the other hand, with a low APY of 0.01%, this account may not offer the best return on investment; however, it requires minimal maintenance and upkeep cost.

The HSBC Premier Checking account can be an excellent choice for free international ATM access and global bank transfers. But is it the right choice for you?

Let’s compare this product’s advantages and disadvantages to help you find out!

Usually, banks won’t check your credit score when it comes to opening a checking account.

Despite not needing it in all cases, having poor credit history may result in banks denying access to certain products and services or charging additional fees.

Are you interested in learning more about the HSBC application process? Great! Read the following article and learn how to apply by following our guide post below.