Charles Schwab Bank vs HSBC Bank

Charles Schwab Bank is a popular brokerage with a free checking account that refunds ATM fees. How does it compare to HSBC? Read our comparison chart below.

Charles Schwab Bank offers an Investor Checking account with unlimited ATM fee reimbursements worldwide and no foreign transaction fees. No minimum to open and no service fee. It is tied to a brokerage account but you don't have to use it.

While HSBC is a large multi-national bank that focuses on banking and wealth management services for international high net worth clients. With a global presence in over 64 countries, clients will access privileges around the world.

Compare Charles Schwab Bank with HSBC, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Charles Schwab BankChaseBank of America	Member FDIC
	Learn More	Visit Site
	Charles Schwab Bank	HSBC Bank
	SPECIAL OFFER High Yield Investor Checking – Unlimited ATM Rebates - Learn More Read Charles Schwab Bank Review	SPECIAL OFFER HSBC Premier - Learn More Read HSBC Review
	Benefits and Features
Savings	0.48% APY	Premier Relationship Savings: 4.50% APY when you link an eligible Premier checking account and meet one of four eligibility criteria (otherwise 0.05% APY)
CD	Offers brokered CDs from other banks. Minimum deposit of $1,000.	4.00% to 4.70% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 4.70%. Minimum deposit of $1,000 to open.
Checking	0.45% APY, $0.01 account minimum	Premier Checking: $50 monthly service fee waived if you maintain a minimum balance of $75,000 in combined HSBC deposit and investment accounts, OR have at least $5,000 in total direct deposits per month.
ATMs	Unlimited ATM fee rebates when used with ATMs with the Visa, Interlink logo. Available worldwide.	Any HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates.
Customer Service	24/7 Live Customer Service (Telephone and Chat)	24/7
Locations	345 branches across the country. You may also open an account online.	25 branches in the US; Global presence in more than 64 countries and territories worldwide
	CreditDonkey® Reviews
Savings
Checking
Mobile App
Customer Service
Pros & Cons	Pros: No account minimum No service fees Refund all ATM fees Cons: Only checking or savings Must do banking online	Pros: Global presence Transfer money globally Priority customer service Cons: Limited US presence High account minimums
Bottom Line	Popular brokerage with a free checking account that refunds ATM fees... Read full review	Full-service global bank ideal for high net worth expats and travelers... Read full review
	Learn More	Visit Site
	High Yield Investor Checking – Unlimited ATM Rebates Schwab Bank Investor Checking™ Schwab Bank Investor Savings	HSBC Premier Referral Program - Up to $6,000 Bonus
Charles Schwab Bank: Pricing information from published website as of 04/11/2024. HSBC: Data points including rates, fees, terms, and benefits was obtained on 04/11/2024 from published websites and is believed to be accurate, but not guaranteed.

Which is Better: Charles Schwab Bank or HSBC?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Charles Schwab Bank or Chase.

Articles on Charles Schwab Bank

Charles Schwab Bank Review

Charles Schwab is more than a brokerage. It also offers high yield checking and savings interest rates that might far surpass your local bank. Read on to learn the pros and cons.

• Charles Schwab Bank vs Chase
• Charles Schwab Bank vs Bank of America

Charles Schwab High Yield Savings

Charles Schwab Bank has a savings account with no fees and a free debit card. But how does its APY stack up against other accounts?

Charles Schwab Routing Number

You'll need the right routing number to transfer money in or out of your Charles Schwab bank account. Find yours and learn more about money transfers in our guide.

Articles on HSBC Bank

HSBC Reviews

HSBC Bank offers a global banking account ideal for those who live and work overseas. Is it right for your needs? Read on for the pros and cons.

• HSBC vs Citibank
• HSBC vs Wells Fargo
• HSBC vs Capital One

HSBC Premier Checking

If you work, live, or travel abroad, the HSBC Premier Checking account may be what you need. Read on to see if this global checking account is right for you.

• HSBC vs Synchrony Bank

Which Do You Think is Best?

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