Citibank vs HSBC Bank

Citibank is a large national bank best for high balance customers. How does it compare to HSBC? Read our comparison chart below.

Citibank has over 700 branches across the U.S. Accounts must be opened as a checking & savings package. Service fees and ways to waive are on the high side. Best for high-balance customers who can open one of the elite accounts to earn reward points, get preferred rates, and other perks.

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

	Citibank	HSBC Bank


	OFFER Citi Priority Account - Earn up to $2,000 Cash Bonus Read Citibank Review
	Benefits and Features
Savings	Citi® Accelerate High-Yield Savings available in AA, AE, AK, AL, AP, AR, AS, AZ, CO, DE, GA, GU, HI, IA, ID, IN, KS, KY, LA, MA, ME, MI, MN, MO, MP, MS, MT, NC, ND, NE, NH, NM, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VI, VT, WA, WI, WV, WY and select markets in Florida and Illinois.	Premier Relationship Savings: 4.00% APY when you link an eligible Premier checking account and meet one of four eligibility criteria (otherwise 0.05% APY)
CD		3.50% to 4.30% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 4.25%. Minimum deposit of $1,000 to open.
Checking	Citi Priority Account	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.
Money Market
Customer Service	24/7 Live Customer Service (Telephone)	24/7
ATMs	More than 70,000 fee-free ATMs at Citi branches and participating retail locations nationwide, including Target, CVS Pharmacy, Rite aid, Walgreens, Duane Reade and ATMs displaying Allpoint or MoneyPass logo.	Any HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates.
IRA CD
IRA Money Market
Locations	More than 700 Citibank branches (concentrated in New York, Chicago, Los Angeles, San Francisco, Washington DC and Miami)	25 branches in the US; Global presence in more than 64 countries and territories worldwide
	CreditDonkey® Reviews

Savings
CD
Checking
Customer Service
Mobile App
Pros & Cons	Pros: Perks for high balance customers Many fee-free ATMs Global presence Cons: No free checking option Higher balance requirements Low savings APY	Pros: Global presence Transfer money globally Priority customer service Cons: Limited US presence High account minimums
Bottom Line	Large national bank best for high balance customers... Read full review	Full-service global bank ideal for high net worth expats and travelers... Read full review


Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Citibank: Pricing information from published website as of 01/31/2023. This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi. HSBC: Data points including rates, fees, terms, and benefits was obtained on January 25, 2023 from published websites and is believed to be accurate, but not guaranteed. Citibank: This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi.

Citi Priority Account - Earn up to $2,000 Cash Bonus

Learn More

Expires in 3 days

Earn up to $2,000 cash bonus when you open a new eligible Citi Priority Checking Account with required activities
Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
If your balance falls to a lower tier at any point during the maintenance period, the bonus changes.
Bonus will be paid within 30 days after you successfully complete all required activities.

Citi Priority Account - Earn up to $2,000 Cash Bonus

Learn More

Expires in 3 days

Earn up to $2,000 cash bonus when you open a new eligible Citi Priority Checking Account with required activities. Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds. Maintain a minimum balance for 60 consecutive calendar days from the 21st day. If your balance falls to a lower tier at any point during the maintenance period, the bonus changes. Bonus will be paid within 30 days after you successfully complete all required activities.

Balance Levels	Maximum Bonus
$10,000 - $29,999	$200
$30,000 - $74,999	$500
$75,000 - $199,999	$1,000
$200,000 - $299,999	$1,500
$300,000 and above	$2,000

Which is Better: Citibank 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 Citibank or Chase.

In short: Citibank's mobile app is noteworthy. HSBC's savings and cd are notable.

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