HSBC Day to Day Account

Moneybuddy says

The HSBC Day to Day Account is a transaction account with no monthly access fee. If you deposit at least $2,000 into a Day to Day account per month you get a $10 credit on your account. Link it up to a high interest HSBC Serious Saver to make your money work for you. The HSBC Visa Debit card includes Visa payWave for fast in-store purchases under $100.

The Basics

Interest paid Quarterly

Interest calculated Daily

Headline interest rate p.a. 0%

Monthly fee $0

Account type Transaction

The cool stuff: features

ATM access Yes

EFTPOS access Yes

Branch access Yes

Internet Banking Yes

Age restrictions No

Cheque book facility No

Debit card Yes

BPAY Yes

GiroPost -

Phone access Yes

The Facts & Figures

Balance less than $1k (p.a.) 0%

Balance less than $5k (p.a.) 0%

Balance less than $25k (p.a.) 0.25%

Balance greater than $100k (p.a.) 1.00%

Min. balance $0

Min. opening deposit $0

Number of free elect transactions per month -

The ugly stuff: fees

Other bank ATM fee -

EFTPOS transaction fee $0

Branch assistance fee $5

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HSBC says

With no monthly account fees, unlimited transactions at over 2,900 ATMs without charge and a VISA Debit Card, you are free to get on with the every day.

Key features

$10 monthly credit*, up to a total of $100, for each month you make deposits of at least $2,000, like your salary.
$0 monthly account keeping fee.
Unlimited transactions^ at over 2,900 HSBC, Westpac, St.George, Bank of Melbourne and BankSA ATMs at no charge.
HSBC Visa Debit Card for secure access to your money - now with Visa payWave
Access anywhere and at anytime through Internet, Mobile and Phone Banking.
Easy to link online to a high-interest Serious Saver Account for your savings.

Pros

No monthly account fee
the $10 credit is a great bonus for a transaction account
Large ATM network
Includes Visa payWave the fast, easy and secure way to pay for in-store purchases under $100 on your HSBC Visa Debit Card

Cons

No or low interest earning account - link it to an HSBC Serious Saver if you want to earn higher interest

Terms & conditions

#To be eligible for the $10 offer you must meet the minimum deposit criteria by the last business day of the calendar month. Your $10 will be credited to the account within the first 5 business days of the subsequent month. Payments will cease when a total of $100 has been credited to the account or when the account has been open for 12 months, whichever occurs first. Terms conditions fees and charges apply. The $10 offer will only be paid on one account per customer. Offer valid as at 23/01/2012 and subject to change.^ATM access without incurring an ATM Operator Fee does not include St.George and BankSA ATMs in BP service stations. This advertisement provides general advice only. Please consider the Product Disclosure Statement (PDS) before acquiring this product,the PDS is available on request and can be obtained by calling 1300 734 079, by visiting your local HSBC branch or www.hsbc.com.au Issued by HSBC Bank Australia Limited ABN 48 006 434 162. AFSL 232595.