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HSBC Bank vs TD Bank

HSBC is a large full-service global bank. How does it compare to TD 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 TD Bank has 1,300 locations on the East Coast. Known as "America's most convenient bank," it offers extended banking hours and 24/7 customer service by phone. Monthly service fees can be waived with somewhat low minimum balance requirements.

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

 HSBC BankTD Bank
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HSBC Bank

TD Bank

SPECIAL OFFER
HSBC Advance Checking - Up to $240 Cash Bonus - Learn More

Read HSBC Review

SPECIAL OFFER
TD Beyond Checking - $300 Cash Bonus - Learn More

Read TD Bank Review

 

Benefits and Features

SavingsHSBC Direct Savings: 0.50% APY. $1 minimum opening deposit and no monthly service fee. Deposit checks easily by taking a picture with your phone using HSBC Mobile Banking.0.05% APY. No minimum deposit. $5.00 monthly fee waived if 1) minimum $300 balance or 2) waived for the first 12 months if with recurring transfer of $25 or more from a TD Bank account or if you're under 18 or 62 and older.
CD0.50% to 0.60% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 0.60%. Minimum deposit of $1,000 to open.0.05% APY (up to 0.20% for Rate Bump APY). Terms of 3 months to 5 years. Minimum deposit of $250. Allows one penalty-free withdrawal (depending on account).
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 0.01% - 0.10% APY (up to 0.15% for Rate Bump APY) for amounts up to $250,000. No minimum deposit. $11 or $12 monthly maintenance fee waived if 1) minimum $2000 balance or 2) over 62 years old.
Customer Service
24/7
24/7 Live Customer Service (Telephone)
ATMsAny HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates.Approximately 1,300 ATMs throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida
IRA CD 0.05% APY (up to 0.20% for Rate Bump APY). Terms of 3 months to 5 years. Minimum deposit of $250. Additional contributions and penalty-free withdrawal available (depending on account).
LocationsHSBC - 240+ branches, mostly on the West and East coasts
HSBC Direct - online only
1300 locations along the east coast.
 

CreditDonkey® Reviews

 HSBC BankTD Bank
Savings
Checking
Customer Service
CD
Money Market
Mobile App
Pros & ConsPros:
  • Global presence
  • High online savings APY
Cons:
  • Not in every state
Pros:
  • Extended banking hours
  • Low requirements to waive monthly fees
  • No foreign transaction fees
Cons:
  • No free checking
  • Low APY
  • Only on East Coast
Bottom LineLarge full-service global bank... Read full reviewEast Coast bank with relatively low minimum balance requirements... Read full review
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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: 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.

TD Bank: Pricing information from published website as of 01/08/2020 based on 08034 zip code.

Which is Better: HSBC or TD 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 is excellent. TD Bank's customer service is outstanding.


Articles on HSBC Bank


Articles on TD Bank


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