HSBC Bank vs SunTrust Bank
HSBC is a full-service global bank ideal for high net worth expats and travelers. How does it compare to SunTrust 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 SunTrust Bank has 1,400 branches in the Southeast region. Checking accounts require $100 to open and offers different ways to waive fees. Select Savings account offers an annual 1% bonus up to $25. Promotional CD offers a high APY with a $2,000 minimum opening deposit.
Compare HSBC with SunTrust Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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HSBC Bank | SunTrust Bank | |
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Referral Program - Up to $6,000 Bonus - | ||
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) | 0.01% APY for all savings account. For Essential Savings Account - no minimum opening deposit, no monthly maintenance fee, no tiered interest rates. For Select Savings Account - $100 minimum opening deposit, $7 monthly maintenance fee unless 1) minimum $25 per month auto-transfer from a SunTrust personal checking account or, 2) $1,000 minimum daily collected balance. Has tiered interest rates. |
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. | 0.05% APY. Terms ranging from 6 months - 24 months. $2,500 minimum opening deposit. Terms ranging from 7 days - 31 days. OR $1000 minimum opening deposit. Terms ranging from 32 days - 60 days. |
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. | |
Money Market | Minimum opening deposit $100. Monthly maintenance fee $12 unless 1) one (1) automated transfer ($100 minimum) occurs, OR 2) a minimum daily collected balance of $10,000 is maintained. | |
ATMs | Any HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates. | More than 2160 ATMs across 11 southeastern states and Washington DC. |
Customer Service | 24/7 Telephone and Automated Customer Service | |
IRA CD | Terms ranging from 1 - 10 years. | |
Locations | 25 branches in the US; Global presence in more than 64 countries and territories worldwide | 1400 bank branches across 11 southeastern states and Washington D.C. |
CreditDonkey® Reviews | ||
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CD | ||
Checking | ||
Money Market | ||
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... | Southeastern regional bank known for good customer service... |
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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 03/16/2024 from published websites and is believed to be accurate, but not guaranteed. SunTrust Bank: Pricing information from published website as of 04/12/2022 based on 91107 zip code. |
Which is Better: HSBC or SunTrust Bank?
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