This article was produced independently by our editorial team. HSBC provided a partnership fee to support our coverage; however, all opinions, research, and recommendations are our own.
HSBC Bank issues one of the most feature-packed deposit accounts in existence: The HSBC Premier checking account. And with an unusually generous intro bonus (up to $3,000, depending on the new cash and securities you deposit), the account is an attention-grabber for multiple reasons.
HSBC has refreshed Premier checking with meaningful upgrades to its benefits lineup—making it, in our opinion, more compelling than ever. Here’s what you need to know about its latest improvements.
HSBC Premier Checking Account
Max bonus amount
Deposit requirement
Monthly fees
- Year Founded: 1865
- Company Headquarters: London, England
- CEO: Georges Elhedery
What’s new about the HSBC Premier relationship
The HSBC Premier relationship comes with several valuable perks, some of which are either new or enhanced. As a Premier customer, you can take advantage of:
- Wealth: Get access to a variety of investment solutions through HSBC Securities (USA) Inc. (Investments are not FDIC Insured; are not a deposit or other obligation of the bank and may lose value.)
- Health: Enjoy the support of a health and wellness concierge service, plus complimentary membership to 24/7 telemedicine services for you and your family.
- Travel: HSBC credit cards come with a competitive range of rewards and benefits that complement your lifestyle.
- International: Manage your finances around the world with Premier privileges in select countries, perfect for global lifestyles.
Notably, its health benefits are a new addition—and its credit card perks have been elevated in a big way with boosted rewards and new statement credits (you must have an HSBC Premier checking account to open an HSBC credit card).
Another standout feature: the tiered welcome bonus of up to $3,000. Your earnings will depend on the amount of new assets you deposit (defined as cash and securities not previously held at HSBC).
Is HSBC Premier right for you?
HSBC Premier checking account is ideal for those with high-net-worth income or substantial assets who travel and move money internationally. It focuses on personalized financial assistance and offers benefits like no foreign transaction fees on debit card purchases, wire transfer money across borders without fees, and even the flexibility to open bank accounts in 22 other countries without physically going there.
Now that HSBC Premier checking also offers a collection of health-related benefits, as well as an upgrade to the rewards and benefits of its credit cards, it appeals to a wider range of customers than ever before.
Frequently asked questions
Does HSBC Premier checking pay interest, and what kind of rates can I expect?
The HSBC Premier checking account doesn’t pay interest. However, owning an account gives you the ability to open an HSBC relationship Savings account which offers up to 3.00% APY as of this writing.
Are global transfers included with HSBC Premier checking?
Yes, global transfers are included with HSBC Premier checking.
Is HSBC Premier checking required to qualify for HSBC Premier credit cards?
The HSBC Premier checking account doesn’t pay interest. However, owning an account gives you the ability to open an HSBC relationship Savings account which offers up to 3.00% APY as of this writing.
Is HSBC Premier checking worth it compared to other premium checking accounts if I keep a high balance?
The HSBC Premier can absolutely be worth it if you value international benefits, health and lifestyle perks, and concierge services. Benefits like global access and tailored wealth management are not standard benefits with most other premium checking accounts.
Who is the HSBC Premier checking account best for?
The HSBC Premier checking account is best for those who have a high net-worth and travel often. Its benefits complement someone who transfers money internationally and wants to hold money in foreign accounts.