: Why does HSBC ask whether one plans to receive or send international wire transfers when creating a new HSBC Direct savings account? Why does HSBC ask whether one plans to receive or send international wire transfers when

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Banks have to consider money laundering and other risks in providing you with an account, and the approach they take is risk based - they will want to more information and evidence for a riskier account.

For international transfers there are more federal regulations and a particular requirements to flag up suspicious transaction individually or collectively over k, especially if international. (just as you have to declare it if you carry >k in cash going through customs). So if you are going to want to use the account for international transfers there will be additional KYC and monitoring.