How to waive the monthly fee?
The $50 monthly maintenance fee is waived if minimum balance requirements are met:
- To qualify for an HSBC Premier relationship, you need to open an HSBC Premier checking account and maintain balances of $75,000 in combined U.S. Dollar personal deposit accounts and investment balances OR
- Recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s) per calendar month OR
- Any HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000.
- Business owners may use their qualifying HSBC U.S. Dollar commercial balances to qualify for a personal Premier relationship. A monthly maintenance fee of $50 will be incurred if one of these requirements is not maintained.
Summary
HSBC is a recognized leader in global banking and ranks among the largest in the world. Its top-level HSBC Premier checking account for U.S.-based customers is hard to beat if you qualify. Thanks to low fees and great service, Premier banking is a good option for those who qualify.