HSBC Bank vs BMO

HSBC is a full-service global bank ideal for high net worth expats and travelers. How does it compare to BMO? 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 BMO has over 900 branches and is the 7th largest bank in North America by assets. Smart Advantage checking has no fee and no minimum balance if you opt for eStatements. Savings Builder needs just $25 to open and has $0 monthly fee. Standard and Special CDs require a minimum opening deposit of $1,000.

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

	HSBC Bank	BMO
	Member FDIC	Member FDIC
	Visit Site	Learn More
	SPECIAL OFFER HSBC Premier - Earn Up to $3,500 - Learn More Read HSBC Review	SPECIAL OFFER BMO Smart Advantage Checking account - Earn $400 Cash Bonus* - Learn More Read BMO Review
	Benefits and Features
Savings	Premier Relationship Savings: 3.40% APY when you link an eligible Premier checking account and meet one of four eligibility criteria (otherwise 0.05% APY)	0.01% APY. $5 reward every month you save $200 or more, for the first year.
CD	3.15% to 3.60% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 3.40%. Minimum deposit of $1,000 to open.	0.05% - 2.60% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit.
Checking	Premier Checking to enjoy premium banking with both local and global benefits	Smart Advantage, Smart Money, Relationship
Money Market		Up to 2.38% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $5,000 minimum daily balance.
ATMs	Any HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates.	40,000+ BMO and Allpoint ATMs
Customer Service	24/7	Monday–Friday, 7 a.m.–11 p.m. (CT), and Saturday–Sunday, 8 a.m.–10 p.m. (CT)
IRA CD		0.05% - 1.00% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit
IRA Money Market		IRA Premium Savers: $100 minimum opening deposit. No monthly maintenance fee
Locations	21 branches in the US; Global presence in more than 64 countries and territories worldwide	900+ branches
	CreditDonkey® Reviews

Savings
CD
Checking
Money Market
Mobile App
Customer Service
Pros & Cons	Pros: Global presence Transfer money globally Priority customer service Cons: Limited US presence High account minimums	Pros: Free checking with eStatements Large ATM network Good financial tools Cons: Limited branches Low savings APY
Bottom Line	Full-service global bank ideal for high net worth expats and travelers... Read full review	Midwest bank with options for low and high-balance customers... Read full review
	Visit Site	Learn More
	HSBC Premier - Earn Up to $3,500 HSBC Premier	BMO Smart Advantage Checking account - Earn $400 Cash Bonus* BMO Smart Money Checking account - Earn $400 Cash Bonus* Savings Account - Up to $60 Bonus
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 12/18/2025 from published websites and is believed to be accurate, but not guaranteed. BMO: Pricing information from published website as of 12/24/2025 based on 60603 zip code.

Which is Better: HSBC or BMO?

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 Bank of America.

Articles on HSBC Bank

HSBC Bank Review

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 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.