HSBC Bank vs Charles Schwab Bank
HSBC is a full-service global bank ideal for high net worth expats and travelers. How does it compare to Charles Schwab 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 Charles Schwab Bank offers an Investor Checking account with unlimited ATM fee reimbursements worldwide and no foreign transaction fees. No minimum to open and no service fee. It is tied to a brokerage account but you don't have to use it.
Compare HSBC with Charles Schwab Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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HSBC Bank | Charles Schwab Bank | |
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Referral Program - Up to $6,000 Bonus - | High Yield Investor Checking – Unlimited ATM Rebates - | |
Benefits and Features | ||
Savings | Premier Relationship Savings: 4.50% APY when you link an eligible Premier checking account and meet one of four eligibility criteria (otherwise 0.05% APY) | |
CD | 4.00% to 4.80% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 4.80%. Minimum deposit of $1,000 to open. | Offers brokered CDs from other banks. Minimum deposit of $1,000. |
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. | 0.45% APY, $0.01 account minimum |
ATMs | Any HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates. | Unlimited ATM fee rebates when used with ATMs with the Visa, Interlink logo. Available worldwide. |
Customer Service | 24/7 Live Customer Service (Telephone and Chat) | |
Locations | 25 branches in the US; Global presence in more than 64 countries and territories worldwide | 345 branches across the country. You may also open an account online. |
CreditDonkey® Reviews | ||
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Checking | ||
Mobile App | ||
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Pros & Cons | Pros:
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Bottom Line | Full-service global bank ideal for high net worth expats and travelers... | Popular brokerage with a free checking account that refunds ATM fees... |
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HSBC: Data points including rates, fees, terms, and benefits was obtained on 03/16/2024 from published websites and is believed to be accurate, but not guaranteed. Charles Schwab Bank: Pricing information from published website as of 03/16/2024. |
Which is Better: HSBC or Charles Schwab Bank?
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