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HSBC Bank vs PNC Bank

HSBC is a large full-service global bank. How does it compare to PNC Bank? Read our comparison chart below.

HSBC is a large multi-national bank and offers several checking accounts for different needs. HSBC Direct is the online banking operation and offers high interest savings for just $1 minimum deposit with no service fees.

While PNC Bank has 2,600 branches in 19 states mostly on the East. Checking accounts offer a unique Virtual Wallet feature with financial tools to help achieve goals. Account fees are easily waived by meeting account balance or direct deposit requirements.

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

 HSBC Bank
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HSBC Bank

PNC Bank

SPECIAL OFFER
HSBC Advance Checking - Up to $270 Cash Bonus - Learn More

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SPECIAL OFFER
Virtual Wallet with Performance Select Checking - $300 Cash Bonus - Learn More

Read PNC Bank Review

 

Benefits and Features

SavingsHSBC Direct Savings: 1.30% APY. $1 minimum opening deposit and no monthly service fee. Deposit checks easily by taking a picture with your phone using HSBC Mobile Banking.0.01% APY (0.03% APY - 0.05% APY Relationship rates). Minimum deposit of $25. $5 monthly service charge unless you have 1) $300 monthly average monthly balance, or 2) if you are under 18 years old, or 3) set up an Auto Savings transfer of $25 or more each month from your PNC Checking account to your Savings account.
CD0.75% to 0.80% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 0.80%. Minimum deposit of $1,000 to open.0.04% - 0.40% APY. Minimum deposit $1,000 - $10,000 (depending on account type and term). Terms range from 7 days to 10 years.
CheckingBasic Banking: no minimum requirements; $1 monthly service fee
Choice Checking: $15 monthly service fee waived if you set up direct deposit OR maintain a minimum monthly balance of $1,500
Advance Checking: $25 monthly service fee waived if you maintain a minimum monthly balance of $5,000 in combined HSBC deposit and investment accounts.
Premier Checking: $50 monthly service fee waived if you maintain a minimum monthly balance of $75,000 in combined HSBC deposit and investment accounts.
 
Money Market 0.02% - 0.05% APY. Minimum deposit is $100. Maximum deposit is $10,000. Monthly service charge of $12 unless you have $5,000 average monthly balance.
Customer Service
24/7
Mon-Fri 7:00 am - 10:00 pm, (ET)
Sat & Sun 8:00 am - 5:00 pm (ET)
ATMsAny HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates.15,000 ATMs across 37 states and the District of Columbia.
IRA CD 0.04% - 0.40% APY. Minimum deposit $1,000 - $10,000 (depending on account type and term). Terms range from 6 months to 10 years.
LocationsHSBC - 240+ branches, mostly on the West and East coasts
HSBC Direct - online only
2,400 PNC branches across 20 states.
 

CreditDonkey® Reviews

 HSBC Bank
Savings
Checking
Customer Service
CD
Money Market
Mobile App
Pros & ConsPros:
  • Global presence
  • High online savings APY
Cons:
  • Not in every state
Pros:
  • Virtual Wallet tools
  • Relatively easy to waive fees
  • Free student account
Cons:
  • Limited branches
  • Low APY
Bottom LineLarge full-service global bank... Read full reviewEast Coast bank with advanced financial tools to help achieve goals... Read full review
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What Others View

    Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

    HSBC: Information including rates, fees, terms, and benefits was obtained on May 4, 2020 from published websites and is believed to be accurate, but not guaranteed.

    PNC Bank: Pricing information from published website as of 05/30/2020 based on 19899 zip code.

    Which is Better: HSBC or PNC Bank?

    Still need help deciding which bank is better? Read the in-depth reviews below. You may also be interested in comparing HSBC or Chase.

    In short: HSBC's savings and checking are excellent.


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