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No. of Recommendations: 0
One thing I don't like dealing with HSBC, they don't make their fee disclosure very accessible.

If you just have the online savings account, transfers out of it to a linked account are not charged. No fees to transfer in. There are excess transaction fees (Regulation D), but I cannot find a rate table. I'm waiting on the paperwork to arrive in the mail.

ATM charges do apply, I recall seeing a disclosure on that when I signed up, but once again I can't find their fee disclosure on the web site.

I don't recommend using them as a primary account unless you live within their network. If you use them like ING as an online savings account and treat that savings account properly you will not incur any fees.

If you are looking for a complete online alternative to your local, you can't do better than Presidential Bank. 4.0% interest checking if you maintain $500 in the account. The savings are even better at 4.15% (I believe) The only reason I don't use them is that they have ATM fees for non-network transactions which means just about everything out here for me. I'd have to completely move back to checks to make it work.
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