Are you looking for HSBC savings account requirements? If yes, then here is a guide to assist you with all you need on it.
Have you ever visited the bank to open an account, and it turns out you have to come the next day just because you didn’t have all the required documents for the account opening?
To avoid such an unwanted situation, if you want to have an account with Hongkong and Shanghai Banking Corporation (HSBC), It is necessary to know what HSBC account requirements are, hence the aim of this article.
HSBC Savings Account Requirements
The following are the requirements for an HSBC Savings account:
- You must be 18 years or above. Individuals below 18 years should come with a co-applicant of a minimum age of 18 years.
- A valid State-issued ID
- Social Security Number
- Proof of residential address
- Employment information
- Account finding information. This includes deposit amount and frequency.
- Minimum initial deposit ($0)
- Complete the account opening form with the right information
Note: By proceeding with the application, you are accepting the terms and can meet the requirements listed on this page
HSBC Savings Account Requirements For Online Account
Below are the HSBC Savings requirements for an online account:
- Applicant needs to be 18 years or more
- Submit a valid government-issued identification document
- Proof of billing
- Fill out the account opening form. This form will include; personal information, employment status, and contact information.
- Minimum opening amount ($0)
Also, for applicants interested in opening an HSBC Premier Relationship Savings account, the following pieces of information are vital to opening an HSBC savings account online:
You should be operating an HSBC Premier checking account.
A minimum balance of $75,000 from the U.S. Dollar personal deposit accounts and investment balances or
Have a minimum recurring direct deposit of $5,000.00 from an external account to an HSBC Premier checking account(s) monthly or
Have HSBC U.S. residential mortgage loan of at least $500,000.
How Long Does It To Open Savings Account
Opening a savings account at HSBC takes a maximum of thirty (30) minutes, provided your application is reviewed and approved.
Once the application form is submitted via their online platform, their customer service team will update you on what the next step is.
For more information, contact them at https://www.us.hsbc.com/customer-service/contact-us/.
Let’s end here for now on HSBC account requirements.
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