What are the fees associated with HSBC (US) accounts?

HSBC (US) offers a variety of account types, each with its own fee structure. Generally, fees associated with HSBC (US) accounts can include maintenance fees, transaction fees, and fees for additional services. For checking accounts, customers may encounter monthly maintenance fees, which can be waived if specific account requirements are met, such as maintaining a minimum balance or setting up direct deposits. It is essential to review the specific account type since the requirements for waiving these fees can vary. There may also be fees for overdrafts if a customer spends more than what is available in their account. Savings accounts typically have monthly maintenance fees as well, but these may also be waived by meeting certain balance requirements. Additionally, HSBC (US) may charge fees for excessive withdrawals if customers exceed the allowed number of transactions from their savings accounts, as dictated by federal regulations. There may be transaction fees for services such as wire transfers, foreign currency exchanges, and using non-HSBC ATMs, depending on the account type. Customers should also be aware of any potential fees for account statements or receiving paper statements. It is advisable for individuals to explore the specific fees associated with the various account offerings on the HSBC (US) website. The website provides detailed information about fees, account features, and requirements for each account type. By reviewing this information, customers can make informed decisions regarding their banking needs and select the account that best aligns with their financial goals.