HSBC Bank vs Bank of America

HSBC is a full-service global bank ideal for high net worth expats and travelers. How does it compare to Bank of America? 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 Bank of America is one of the largest banks in the U.S. with approximately 4,300 locations and 17,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.

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

	HSBC Bank	Bank of America
		SPECIAL OFFER Bank of America Advantage Plus Banking® - $100 Bonus Offer - Learn More Read Bank of America Review
	Benefits and Features
Savings	Premier Relationship Savings: 4.15% APY when you link an eligible Premier checking account and meet one of four eligibility criteria (otherwise 0.05% APY)
CD	3.75% to 4.50% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 4.50%. Minimum deposit of $1,000 to open.
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.
Customer Service	24/7	Mon-Fri: 8am - 9pm (ET) Sat: 8am - 8pm (ET) Sun: 8am - 5pm (ET)
ATMs	Any HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates.	Approximately 16,000+ ATMs
IRA CD
Locations	25 branches in the US; Global presence in more than 64 countries and territories worldwide	Approximately 3,800+ retail financial centers
	CreditDonkey® Reviews
Savings
CD
Checking
Customer Service
Mobile App
Pros & Cons	Pros: Global presence Transfer money globally Priority customer service Cons: Limited US presence High account minimums	Pros: Large branch network Extended customer service hours Full service banking Cons: Monthly service fee Low interest rates Many miscellaneous banking fees
Bottom Line	Full-service global bank ideal for high net worth expats and travelers... Read full review	National bank with widespread accessibility and wide range of services... Read full review
		Bank of America Advantage Plus Banking® - $100 Bonus Offer Bank of America Advantage Relationship Banking® - $100 Bonus Offer Bank of America Advantage SafeBalance Banking® - $100 Bonus Offer
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 5/28/2023 from published websites and is believed to be accurate, but not guaranteed. Bank of America: Pricing information from published website as of 5/15/2023 based on 91107 zip code.

Which is Better: HSBC or Bank of America?

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.

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

Articles on HSBC Bank

HSBC Bank

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.

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HSBC Premier Checking Bonus

HSBC Premier Checking is offering a $500 Welcome Deposit for eligible new customers who open an account with qualifying activities. Find out how to qualify for this promotion.

HSBC Advance Checking

Are you tired of not earning interest on your checking account? Maybe you want more than just check writing privileges in exchange for depositing your money. HSBC Advance Checking may make you look at banks in a different light.

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.

Articles on Bank of America

Bank of America Review

Bank of America is a national bank with many account options and user-friendly online banking. But does this convenience come at a cost? Read on.

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How to Close a Bank of America Account

Want to close your Bank of America account? Learn how and what you need to do before you close your account.

Bank of America Hours

Bank of America is open 5-6 days a week, depending on the location. Take a look at their business hours below.

Bank of America Routing Number

Find your Bank of America routing number and learn about money transfers in our guide.

Which Do You Think is Best?