HSBC Bank has over 200 branches in the US, but none of them available to customers of HSBC Direct Savings account.
The high yield savings account can be opened online using HSBC web-site. It is a very simple process.
This HSBC direct savings account has Mobile App with Mobile Check Deposit. Be aware of
the limit on mobile deposits. It is $3000 per day and $5000 per month.
The online savings account cannot be funded using Debit Card through ATM.
THe savings account can be funded with new money. So if you have another savings or checking account at HSBC - you cannot transfer them.
As I understand, the idea of HSBC direct savings is to encourage customers to move money from savings accounts at Bank Of America or Chase.
I hope you enjoyed my review of High Yield Savings Account at HSBC Bank.