HSBC Bank vs Lili
HSBC is a full-service global bank ideal for high net worth expats and travelers. How does it compare to Lili? 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 Lili is designed for sole proprietors and single-member LLCs. It helps you prepare for taxes with a write-off tracker, automated tax savings, and pre-filled tax forms. The Lili basic account has no monthly fees or minimums.
Compare HSBC with Lili, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Visit Site | Visit Site | |
HSBC Bank | Lili | |
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HSBC Premier - | Free Checking Account for Sole Proprietors and Single-Member LLC - | |
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) | Emergency Bucket for all users; Lili Pro users also get an Emergency Bucket with 4.15% APY |
CD | 4.00% to 4.70% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 4.70%. 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. | No monthly fees; no balance requirements; no overdraft fees; no foreign transaction fees |
Monthly Fee | ||
APY | ||
Minimum Deposit to Open | ||
ACH Transfer Fee | ||
ATMs | Any HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates. | |
Balance Requirement | ||
Cash Deposit Fee | ||
Customer Service | ||
Incoming Wire Transfer Fee | ||
Locations | 25 branches in the US; Global presence in more than 64 countries and territories worldwide | |
Out of Network ATM Fee | ||
Outgoing Wire Transfer Fee | ||
Overdraft Fee | ||
CreditDonkey® Reviews | ||
Savings | ||
Minimum Deposit | ||
Checking | ||
Fees | ||
Mobile App | ||
Customer Service | ||
Pros & Cons | Pros:
| Pros:
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Bottom Line | Full-service global bank ideal for high net worth expats and travelers... | Mixed-use account for small business owners to help manage expenses and taxes... |
Visit Site | Visit 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 04/11/2024 from published websites and is believed to be accurate, but not guaranteed. |
Free Checking Account for Sole Proprietors and Single-Member LLC
- Sign up in 3 minutes; no credit check
- No account fees - $0 monthly fee, overdraft fee, foreign transaction fee, or ATM fees at 38,000+ locations
- Automatic Savings
- Get paid up to 2 days early
Free Checking Account for Sole Proprietors and Single-Member LLC
- $0 monthly service fees
- $0 minimum opening deposit
- No minimum balance requirement
- No foreign exchange fee
- Get direct deposits up to 2 days earlier
Free Checking Account for Sole Proprietors and Single-Member LLC
- $0 monthly service fees
- Automatic Savings
- Free withdrawals at 38k ATMs
- Get direct deposits up to 2 days earlier
- No foreign transaction fees
Which is Better: HSBC or Lili?
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.