Thank you for saving your money with HSBC Bank USA, N.A. We want to let you know that as of September 23, 2012, your Online Savings Account will be renamed to HSBC Advance Online Savings.
Your account number will remain the same and you will be able to use the account without any disruption in service.
The following account fees will change as of September 23, 2012:
Funds Transfer-In, per incoming transfer - $12 each (the transfer of funds from another person's account, or another financial institution to your HSBC account)
Foreign Currency Draft (DD Commission) - $25 each* (official bank check purchased in another currency)
US Dollar Draft- DFT (Commission USD) - $10 each* (official bank check)
If you have any questions, click here for more details or contact our Customer Relationship Center at 800.975.4722. If you are calling from outside the continental United States, you may call us collect at 716.841.7212.
Thank you again for being an HSBC customer.
EVP and Head of Customer Experience
HSBC Bank USA, N.A.
The one that hits the most is the incoming transfer fee of $12. Why would a bank penalize you for bringing in money!?
HSBC website has a clarification update near the top-right corner of the screen. See attached image.
Recently, Online Savings Account customers received an email indicating the Funds Transfer-in fee is changing on September 23, 2012. Please note, this is not a new fee and pertains to wire transfers into your account only. Bank to Bank transfers and other automated deposits, such as direct deposits of payroll and tax refunds, are not impacted by these changes.