HSBC Bank vs M&T Bank
HSBC is a full-service global bank ideal for high net worth expats and travelers. How does it compare to M&T Bank? Read our comparison chart below.
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.
While M&T Bank has 690 branches serving the Upper East Coast and Florida. Offers a no-fee checking, as well as interest checking but with heavier requirements to waive service fees. Select Promo CD offers high rates for terms up to 36 months with a $1,000 minimum opening deposit.
Compare HSBC with M&T Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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| Visit Site | Learn More | |
HSBC Bank | M&T Bank | |
|---|---|---|
HSBC Premier - | Referral Program - Up to $500 Bonus - | |
Benefits and Features | ||
| Savings | 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) | 0.01% APY. Monthly service fee of $7.50 unless you 1) maintain a minimum daily balance of $500 or more or, 2) have a personal checking account with M&T Bank or, 3) make at least one deposit in your Relationship Savings account |
| CD | 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. | 3.75% - 4.75% APY. Terms of 6 - 24 months. Minimum opening deposit $1,000. |
| Checking | 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 | Any HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates. | More than 1,800 M&T Bank ATMs in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia. |
| Customer Service | Mon - Fri 8:00 am - 9:00 pm (ET); Sat - Sun 9:00 am - 5:00 pm (ET). | |
| Locations | 25 branches in the US; Global presence in more than 64 countries and territories worldwide | 700 bank branches located throughout New York, New Jersey, Pennsylvania, Maryland, Washington, D.C., Virginia, West Virginia and Florida |
CreditDonkey® Reviews | ||
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| Pros & Cons | Pros:
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| Bottom Line | Full-service global bank ideal for high net worth expats and travelers... | Upper East Coast bank with free checking option and good promo CD rates... |
| Visit Site | Learn More | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. 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. M&T Bank: Pricing information from published website as of 04/03/2024 based on 14203 zip code | ||
Which is Better: HSBC or M&T Bank?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing HSBC or Chase.
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