HSBC Bank vs Regions Bank
HSBC is a large full-service global bank. How does it compare to Regions 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 Regions Bank has 1,500 branches in 15 states in the South and Midwest. Checking and savings accounts require just $50 to open, with relatively lower requirements to waive fees. The unique Now Banking solution offers prepaid Visa, savings, and check cashing services with no account required.
Compare HSBC with Regions Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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HSBC Bank | Regions Bank | |
|---|---|---|
HSBC $450 Premier Checking Bonus - | LifeGreen Savings Account – Up to $100 Annual Savings Bonus - | |
Benefits and Features | ||
| Savings | HSBC Direct Savings: 0.15% APY. $1 minimum opening deposit and no monthly service fee. Deposit checks easily by taking a picture with your phone using HSBC Mobile Banking. | Two types of Savings Account - Regions Savings, and Regions Lifegreen Savings. 0.01% APY. Regions Savings Account - minimum opening deposit $50. $5 monthly maintenance fee, unless you have $300 minimum daily balance. Regions Lifegreen Account - minimum opening deposit $50. Must have Regions Checking Account. No monthly maintenance fee. |
| CD | 0.20% to 0.30% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 0.30%. Minimum deposit of $1,000 to open. | 0.01% - 0.05% APY. Terms ranging from 1 - 72 months. (Promotional rate of 0.40% APY for 63 Months) $500 minimum opening deposit for CDs with terms 90 days or longer. $2,500 minimum opening deposit for CDs with terms 7 - 89 days. |
| Checking | Basic 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 | Two types of Money Market accounts - Regions Money Market Account and Premium Money Market Account. Regions Money Market: $12 monthly fee. Premium Money Market: $15 monthly fee. | |
| Customer Service | 24/7 Telephone Customer Service | |
| ATMs | Any HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates. | More than 2200 ATMs in 16 Southern and Midwestern US states. |
| IRA CD | 0.03% - 0.05% APY. Terms ranging from 6 months - 72 months. $250 minimum opening deposit. | |
| IRA Money Market | 0.01% APY. Minimum $50 opening deposit. | |
| Locations | HSBC - 240+ branches, mostly on the West and East coasts HSBC Direct - online only | More than 1500 branches in 16 Southern and Midwestern US states. |
CreditDonkey® Reviews | ||
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| Pros & Cons | Pros:
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| Bottom Line | Large full-service global bank... | South and Midwest bank with special reward programs... |
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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. Regions Bank: Pricing information from published website as of 7/23/2021 based on 35203 zip code. | ||
HSBC Premier Checking - $450 Welcome Deposit
- Get a $450 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 by August 31, 2021; and
- Make recurring monthly Qualifying Direct Deposits totaling at least $5,000 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 $450 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.
Which is Better: HSBC or Regions Bank?
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 Savings Account
HSBC Advance Checking
HSBC Premier Checking
Articles on Regions Bank
