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HSBC Bank vs BMO Harris Bank

HSBC is a full-service global bank ideal for high net worth expats and travelers. How does it compare to BMO Harris 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 BMO Harris Bank has 900 branches in the Midwest. Smart Advantage checking account has no fee and no minimum balance if you opt for eStatements. Savings need just $100 to open with easy ways to waive fees. Special Rate CDs require a $5,000 minimum opening deposit.

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

 HSBC BankBMO Harris Bank
 Learn MoreVisit Site
 

HSBC Bank

BMO Harris Bank

SPECIAL OFFER
BMO Harris Smart Advantage™ Account - $200 Cash Bonus - Learn More

Read BMO Harris Bank Review

 

Benefits and Features

SavingsPremier Relationship Savings: 3.45% 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.
CD3.50% 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.0.05% - 0.25% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit.
CheckingPremier 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.Smart Advantage, Smart Money, Premier
Money Market 0.05% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $10,000 minimum daily balance.
Customer Service
24/7
Mon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm
ATMsAny HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates.40,000+ BMO Harris and Allpoint ATMs
IRA CD 0.05% - 0.25% 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
Locations25 branches in the US; Global presence in more than 64 countries and territories worldwide
More than 500 branches
 

CreditDonkey® Reviews

 HSBC BankBMO Harris Bank
SavingsStarStarStarStarEmpty StarStarStarEmpty StarEmpty StarEmpty Star
CDStarStarStarStarHalf StarStarStarStarStarEmpty Star
CheckingStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarHalf StarEmpty Star
Mobile AppStarStarStarEmpty StarEmpty StarStarStarStarStarHalf Star
Money MarketStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • 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 LineFull-service global bank ideal for high net worth expats and travelers... Read full reviewMidwest bank with options for low and high-balance customers... Read full review
 Learn MoreVisit Site

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 January 25, 2023 from published websites and is believed to be accurate, but not guaranteed.

BMO Harris Bank
Member FDIC

BMO Harris Smart Advantage™ Account - $200 Cash Bonus

Open a new BMO Harris Smart Advantage™ Account online and get a $200 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO Harris personal checking customers (including signers on joint accounts) or those who have closed a BMO Harris personal checking account within the past 12 months. Conditions apply.

Expires 5/12/2023
BMO Harris Bank
Member FDIC

BMO Harris Smart Money™ Account - $200 Cash Bonus

Open a new BMO Harris Smart Money™ Account online and get a $200 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO Harris personal checking customers (including signers on joint accounts) or those who have closed a BMO Harris personal checking account within the past 12 months. Conditions apply.

Expires 5/12/2023
BMO Harris Bank
Member FDIC

BMO Harris Premier™ Account - $350 Cash Bonus

Open a new BMO Harris Premier™ Account and get a $350 cash bonus when you have a total of at least $7,500 in qualifying direct deposits within the first 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO Harris personal checking customers (including signers on joint accounts) or those who have closed a BMO Harris personal checking account within the past 12 months. Conditions apply.

Expires 5/12/2023

Which is Better: HSBC or BMO Harris 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.

In short: HSBC's savings is notable. BMO Harris Bank's checking and mobile app are notable.


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 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 BMO Harris Bank

BMO Harris Bank Review

BMO Harris offers low fees and a large ATM network. But savings rates are low. However, the strong features can still make it a good bank for you. Read on.

Is BMO Harris a Real Bank

BMO Harris, is a U.S bank, part of the Bank of Montreal. It offers solid basic checking options and a large ATM network. But, is it legit? Read on to find out.

BMO Harris Routing Number

If you have a BMO Harris Bank account, you only need to be aware of one routing number. This number is 071025661. Read on and learn how to use it.

Which Do You Think is Best?





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