HSBC Bank vs BMO

	HSBC Bank	BMO
	Member FDIC	Member FDIC
	Visit Site	Learn More
	SPECIAL OFFER HSBC Premier - Earn Up to $7,000 - Learn More Read HSBC Review	SPECIAL OFFER Savings Account - Up to $60 Bonus - Learn More Read BMO Review
	Benefits and Features
Savings	Premier Relationship Savings: 3.20% 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	3.20% to 3.50% 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% - 2.50% 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 2.30% 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% - 0.75% 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: Free checking with eStatements Large ATM network Good financial tools Cons: Limited branches Low savings APY
Bottom Line	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 $7,000	Savings Account - Up to $60 Bonus Alto Online Savings Account - 3.15% APY Business Platinum Money Market - Up to 2.30% APY
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 03/19/2026 from published websites and is believed to be accurate, but not guaranteed. BMO: Pricing information from published website as of 02/21/2026 based on 60603 zip code.

Member FDIC

HSBC Premier - Earn Up to $7,000

Don't delay – Offer ends soon: It's easy. The more you fund, the more you earn. Discover all that Premier can do for you

Send and receive money with Zelle® right from our mobile app
Manage your money safely, easily and fee-free around the world - from Global Money Transfers to multi-currency needs
Enjoy peace of mind with unique travel benefits available through our credit cards

Here's how the offer works: Open a new HSBC Premier checking account by March 31, 2026. Add New Assets to your Premier checking account, Premier Savings account, Premier Relationship Savings account, Managed Portfolio Account and/or Spectrum account (Eligible Accounts) by March 31, 2026, and maintain the New Assets through June 30, 2026.

Get a $1,500 Cash Bonus: Add and maintain New Assets of $150,000 to $249,999
Get a $2,500 Cash Bonus: Add and maintain New Assets of $250,000 to $499,999
Get a $3,500 Cash Bonus: Add and maintain New Assets of $500,000 to $999,999
Get a $7,000 Cash Bonus: Add and maintain New Assets of $1,000,000+

If all offer requirements are met, the bonus will be paid by August 31, 2026.

Learn More

Expires in 6 days

Articles on BMO

BMO Review

BMO 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.

BMO Routing Number

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

BMO Checking Account Bonus & Promotions

BMO rolls out enticing checking offers from time to time to attract new customers. Find the latest bonus deals here.

Who Owns BMO

BMO is a publicly-traded company with significant institutional investors. These include several well-known Canadian asset management firms and banks.