HSBC Bank vs Citibank

HSBC is a large full-service global bank. How does it compare to Citibank? 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 Citibank has over 700 branches across the U.S. Accounts must be opened as a checking & savings package. Service fees and ways to waive are on the high side. Best for high-balance customers who can open one of the elite accounts to earn reward points, get preferred rates, and other perks.

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

	HSBC Bank	Citibank


	SPECIAL OFFER HSBC $500 Premier Checking Bonus - Learn More Read HSBC Review	OFFER Citi Priority Account - Up to $1,500 Cash Bonus Read Citibank Review
	Benefits and Features
Savings	Premier Relationship Savings: 0.50% APY when you link an eligible Premier checking account and meet one of four eligibility criteria (otherwise 0.05% APY)	Citi® Accelerate High-Yield Savings available in AA, AE, AK, AL, AP, AR, AS, AZ, CO, DE, GA, GU, HI, IA, ID, IN, KS, KY, LA, MA, ME, MI, MN, MO, MP, MS, MT, NC, ND, NE, NH, NM, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VI, VT, WA, WI, WV, WY and select markets in Florida and Illinois.
CD	0.65% to 1.26% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 1.01%. 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.	Citi Priority Account: 0.01% Annual Percentage Yield
Money Market
Customer Service	24/7	24/7 Live Customer Service (Telephone)
ATMs	Any HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates.	More than 65,000 fee-free ATMs at Citibank branches and participating retail locations nationwide, including Target, CVS Pharmacy, Rite aid, Walgreens, Duane Reade and ATMs displaying Allpoint or MoneyPass logo.
IRA CD
IRA Money Market
Locations	25 branches in the US; Global presence in more than 64 countries and territories worldwide	More than 700 Citibank branches (concentrated in New York, Chicago, Los Angeles, San Francisco, Washington DC and Miami)
	CreditDonkey® Reviews

Checking
Customer Service
Savings
CD
Mobile App
Pros & Cons	Pros: Global presence Cons: Not in every state	Pros: Perks for high balance customers Many fee-free ATMs Global presence Cons: No free checking option Higher balance requirements Low savings APY
Bottom Line	Large full-service global bank... Read full review	Large national bank best for high balance customers... Read full review

	HSBC $500 Premier Checking 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 December 20, 2020 from published websites and is believed to be accurate, but not guaranteed. Citibank: Pricing information from published website as of 09/15/2021. This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi. Citibank: This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi.

Member FDIC

HSBC Premier Checking - $500 Welcome Deposit

Get $500 Welcome Deposit

Expires 6/30/2022

Receive a $500 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete the following qualifying activities.
Open your new HSBC Premier checking account online, using this offer page, by June 30, 2022.
Make recurring Qualifying Direct Deposits totaling at least $10,000 per month from a third party to your HSBC Premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening.
You will automatically receive the $500 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It's that simple.
Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

Citi Priority Account - Up to $1,500 Cash Bonus

Apply Now

Expires 7/17/2022

Earn up to $1,500 cash bonus when you open a new account with required activities
Open a new eligible checking account in the Citi Priority Account during the offer period 1/5/22-7/17/22
Within 20 days of opening, deposit $50,000 in New-To Citibank funds between the new checking and savings accounts
Maintain a minimum balance of $50,000 in the checking account for an additional 60 consecutive calendar days from the 21st day
After all required activities are met, the cash bonus will be deposited to your account within 90 calendar days

Which is Better: HSBC or Citibank?

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 checking is excellent.

Articles on HSBC Bank

HSBC Reviews

HSBC Bank offers a full array of services for different needs. But there are downsides. 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 HSBC Premier checking account with qualifying activities. Find out how to qualify for this promotion.

HSBC vs Synchrony Bank

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

Are you looking for a checking account that does more than allow you to write checks? If you are a high net worth individual, the HSBC Premier Checking account may be what you need. This top-of-the-line checking account offers access to a personal Relationship Manager.