Addendum to HSBC Premier Terms & Charges Disclosure

Effective August 29, 2024, the Monthly Maintenance Fee section of the HSBC Premier Terms & Charges

Disclosure is amended to read as follows:

MONTHLY

MAINTENANCE

FEE

Monthly Maintenance Fee $50

For new accounts opened on or after August 29, 2024, to avoid the monthly maintenance fee, in a

calendar month

you must maintain::

• Balances of $100,000 in qualifying balances (see qualifying balance section); OR

• Monthly recurring direct deposits

totaling at least $5,000 from a third party to an

HSBC Premier checking account(s); OR

• Any HSBC U.S. residential mortgage loan serviced by HSBC. Home Equity products, loans

that are in foreclosure or bankruptcy, and loans for which servicing rights have been

transferred are not included.

Accounts opened before August 29, 2024, will be given a grace period and will continue to be

assessed under the previous criteria until January 2026. Important: The date of account opening and

not the date of account application is what controls for this purpose. Please note that it may take up to

thirty days after you submit an application for an account to be opened.

For new accounts opened on or after August 29, 2024, you will not be assessed a Monthly

Maintenance Fee for the calendar month in which you open your account and the following 3 calendar

months (together, the “Waiver Period”), whether you meet the qualifying criteria or not. If immediately

after the “Waiver Period”, you have not met one of the HSBC Premier qualification criteria and your

HSBC Premier checking account is charged 3 consecutive Monthly Maintenance Fees, your account

will be closed. In addition, any other checking, savings, credit card and Global Money Accounts that

you own will be closed, unless you (or a joint account holder on those accounts) hold a different

HSBC Premier checking account. The Monthly Maintenance Fee is waived for HSBC Premier Elite

and Private Bank customers.

Also, if your only HSBC product in the U.S. is your HSBC Premier checking account and you do not

deposit any funds into it within the first 6 months after account opening, your account will be closed.

Private Bank customers are excluded.

All other information within your Terms & Charges Disclosure, including any prior amendments, remains in effect.

1 - BANK RULES - This document is part of the Rules For Consumer Deposit Accounts (the "Rules"). In case of inconsistency between this document and the Rules, this

document governs all inconsistencies.

2 - Qualifying direct deposits are electronic deposits of regular periodic payments (such as salary, pension, Social Security, or other regular monthly income) deposited through

the Automated Clearing House (ACH) network to this account by your employer or an outside agency (please check with your employer or outside agency to determine if they

use the ACH network). Direct deposits that do not qualify include but are not limited to transfers from one account to another, mobile deposits, or deposits made at a Wealth

Center or ATM.

3 - Please be aware that Private Bank customers that have requested a non-interest bearing account will have no interest and/or APY earned.

4 - Refer to Rules For Consumer Deposit Accounts for definition.

5 - To become an HSBC Private Bank customer, you must be invited and reviewed on an individual basis. See your Relationship Manager for details.

6 - Effective September 1, 2024, customers will no longer be upgraded to Premier Elite status.

Page 1 of 1

Deposit products are offered in the U.S. by HSBC Bank USA, N.A.

Member FDIC.

Rev.07/29/2024

TERMS & CHARGES DISCLOSURE

Deposit products are offered in the U.S. by HSBC Bank USA, N.A.

Member FDIC.

Rev. 12/01/2022: 003

HSBC PREMIER

The following information was correct as of 08/30/2024

Have questions or need current rate information?

Call us at 888.662.HSBC (4722)

ELIGIBILITY

To qualify you must be a consumer and maintain:

• Balances of $75,000 in qualifying balances (see qualifying balance section); OR

• Monthly recurring direct deposits

totaling at least $5,000 from a third party to an HSBC Premier checking

account(s); OR

• HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000, not an aggregate of

multiple mortgages. Home Equity products are not included.

It's important that you understand exactly how your HSBC Premier checking account works. We've created this summary to explain the fees

and some key terms of your account.

Page 1 of 3

Minimum Balance to Obtain APY

Interest Rate

Annual Percentage Yield (APY)

$5 or more 0.01% 0.01%

Less than $5 No Interest Earned No APY Earned

RATE

INFORMATION

(For more details

see HOW

INTEREST AND

APY WORK

section in the

Rules)

Minimum Balance requirements to earn interest are met by maintaining a “Daily Balance” of specified dollar amounts in your relationship

checking account.

Method Used to Compute

Interest

Daily Balance

This method applies a daily periodic rate to the principal in the

account each day.

Compounding Period

Monthly

Interest is Credited Monthly

ADDITIONAL

RATE

INFORMATION

Monthly Maintenance Fee

$50

To avoid the monthly maintenance fee, in a calendar month

you must maintain:

• Balances of $75,000 in qualifying balances (see qualifying balance section); OR

• Monthly recurring direct deposits

totaling at least $5,000 from a third party to an HSBC Premier checking

account(s); OR

• HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000.

You will not be assessed a Monthly Maintenance Fee for the calendar month in which you opened your account. In

addition, you will have the next 6 months after the account opening month to meet the minimum balance requirement or

direct deposit requirement or the qualifying mortgage requirement before being assessed a Monthly Maintenance Fee.

The Monthly Maintenance Fee is waived for HSBC Premier Elite and Private Bank

customers.

MONTHLY

MAINTENANCE

FEE

Minimum Deposit to Open $0

ACCOUNT

FUNDING

INFORMATION

TERMS & CHARGES DISCLOSURE

Page 2 of 3

Deposit products are offered in the U.S. by HSBC Bank USA, N.A.

Member FDIC.

Rev. 12/01/2022: 003

HSBC PREMIER

Fees for when you don't have enough money, or enough available money in your account to pay the transaction.

Insufficient Funds (NSF) $0

The Bank does not charge NSF fees. Insufficient Funds is when

the ledger balance in your account is not enough to cover an item.

Unavailable Funds (UNA)

The Bank does not charge UNA fees. Unavailable Funds is when

the available balance in your account is not enough to cover an

item.

OVERDRAFT

AND RETURNED

ITEMS FEES

Statements Monthly

A periodic statement is provided for each monthly cycle in which a

transaction has occurred and at least quarterly if no transactions

have occurred.

Monthly Image Cancelled

Check Return Fee

Per month for Image of Cancelled Check Return Service, which is

charged if there are cancelled check images displayed on the

statement. This fee is waived if the account is enrolled in

eStatements through HSBC Personal Internet Banking. This fee is

waived if your account was opened and maintained by a branch in

the State of Washington.

STATEMENT

SERVICES

Account Closing $0 If your account is closed within 180 days of opening.

Legal Papers $100

For each court order, restraining notice, levy or other legal paper

that requires us to put a hold on your account or to pay out money

from your account to someone else.

Stop Payment

For each stop payment order placed.

OTHER ACCOUNT

RELATED FEES

Funds (Wire) Transfer-In

Per incoming transfer.

Funds (Wire) Transfer-Out -

Domestic and International

For HSBC Premier/Premier Elite customers, the Funds (Wire) Transfer-Out – Domestic

and International fee if all account holders are Premier is $0. For all other applicable

transfer fees and instances where not all account owners are Premier customers, please

refer to the Pre-Payment and Receipt Disclosures received at the time of your wire

transaction.

Cashier's Check - DFT

(Commission USD)

For each U.S. Dollar Draft or Cashier's Check purchased in U.S.

dollars.

OTHER

MISCELLANEOUS

SERVICE FEES

subject to change

without notice

TERMS & CHARGES DISCLOSURE

Page 3 of 3

Deposit products are offered in the U.S. by HSBC Bank USA, N.A.

Member FDIC.

Rev. 12/01/2022: 003

HSBC PREMIER

Personal Related Combined

Deposit (in U.S. Dollar

accounts); HSBC Global

Money Account Balances

(U.S. Dollar Equivalent) and

Investment Balances

Personal accounts with qualified personal balances will be related to your HSBC Premier

checking account upon your request. Related personal accounts that close during the

calendar month will not be included in the related combined balance for that calendar

month.

Qualified Personal Balances

for HSBC Premier Include

• Average ledger balance in your HSBC Bank USA, N.A. personal checking, savings,

Trust and/or Certificate of Deposit U.S. Dollar accounts for the calendar month.

• The current U.S. Dollar market value of assets held in your HSBC Securities (USA)

Inc. account.+

• Current contract value of annuities owned by you and purchased through HSBC

Securities (USA) Inc. and for which HSBC Securities (USA) Inc. is the agent of record.+

QUALIFYING

BALANCES

Qualifying Principal

Must be a consumer and includes – the owner of a sole proprietorship; the general or

majority partner in a limited partnership; majority shareholder of a closely held

corporation; or a majority partner in a general partnership. A change in your status as a

qualifying principal must be reported to HSBC.

Qualifying Foreign Currency

Transaction Account

Balances

Existing Private Bank

customers only.

Commercial Related

Combined Deposit (in U.S.

Dollar accounts) and

Investment Balances

Commercial accounts with qualified commercial balances will be related to a qualifying

principal’s HSBC Premier checking account upon request. Related commercial accounts

that close during the calendar month will not be included in the related combined

commercial balance for that calendar month.

Qualified Commercial

Balances for HSBC Premier

Include

• Average ledger balance in any HSBC Bank USA, N.A. commercial checking, savings,

Trust and/or Certificate of Deposit U.S. Dollar accounts for the calendar month.

• The current U.S. Dollar market value of assets held in your HSBC Securities (USA)

Inc. account.+

• Current contract value of eligible commercial annuities owned and purchased through

HSBC Securities (USA) Inc. and for which HSBC Securities (USA) Inc. is the agent of

record.+

• Fiduciary accounts are not eligible as a qualified commercial balance, e.g., IOLA, Rent

Security, etc.

+ Investment and certain insurance products, including annuities, are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. In California, HSI conducts

insurance business as HSBC Securities Insurance Services. License #: OE67746. HSI is an affiliate of HSBC Bank USA, N.A. Whole life, universal life, term life, and other

types of insurance are provided by unaffiliated third parties and offered through HSBC Insurance Agency (USA) Inc., a wholly owned subsidiary of HSBC Bank USA, N.A.

Products and services may vary by state and are not available in all states. California license #: OD36843.

Investments, Annuity and Insurance Products: Are not a deposit or other obligation of the bank or any of its affiliates; Not FDIC insured or insured by any

federal government agency of the United States; Not guaranteed by the bank or any of its affiliates; and subject to investment risk, including possible loss of

principal invested.

All decisions regarding the tax implications of your investment(s) should be made in connection with your independent tax advisor.

1 - BANK RULES -This document is part of the Rules For Consumer Deposit Accounts (the "Rules"). In case of inconsistency between this document and the Rules, this

document governs all inconsistencies.

Qualifying direct deposits are electronic deposits of regular periodic payments (such as salary, pension, Social Security, or other regular monthly income) deposited through

the Automated Clearing House (ACH) network to this account by your employer or an outside agency (please check with your employer or outside agency to determine if

they use the ACH network). Direct deposits that do not qualify include but are not limited to transfers from one account to another, mobile deposits, or deposits made at a

Wealth Center or ATM.

Please be aware that Private Bank customers that have requested a non-interest bearing account will have no interest and/or APY earned.

4 -

Refer to Rules For Consumer Deposit Accounts for definition.

5 -

To become an HSBC Private Bank customer, you must be invited and reviewed on an individual basis. See your Relationship Manager for details.

WANT MORE INFO? SEE THE RULES FOR CONSUMER DEPOSIT ACCOUNTS