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HSBC Bank vs US Bank

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

HSBC Bank 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 US Bank has 3,000 branches across 26 states. It has somewhat high minimum balance requirements to waive monthly checking account service fees. Their promotional CD Special offers high interest rates with a $1,000 minimum opening deposit.

Compare HSBC Bank with US 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

US Bank

SPECIAL OFFER
HSBC Advance Checking - $350 Bonus - Learn More

Read HSBC Bank Review

 

Benefits and Features

SavingsHSBC Direct Savings: 2.05% 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. Minimum deposit $25. Monthly maintenance fee $4, unless you have $300 minimum daily ledger balance OR $1,000 average monthly collected balance.
CD0.75% to 1.30% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 0.95%. Minimum deposit of $1,000 to open.Standard Term CD: 0.05% - 0.75% APY. Terms ranging from 1 month - 60 months. Minimum deposit of $500. Maximum deposit $249,999. CD Special: 1.75% - 2.00% APY. Terms of 9, 17, 37 and 59 months. Minimum deposit of $1,000. Maximum deposit $249,999
CheckingBasic Banking: no minimum requirements; $3 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 $10,000 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 0.03% - 0.06% APY, depending on amount. Minimum opening deposit $100. Monthly maintenance fee $10 unless you have $10,000 minimum daily ledger balance.
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.More than 4,700 ATMs across the country
IRA Money Market Minimum opening deposit of $100 or $25 automatic monthly deposit. No monthly maintenance fees.
LocationsHSBC - 240+ branches, mostly on the West and East coasts
HSBC Direct - online only
More than 3000 branches across the country.
 

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:
  • Promo CD with high APY
  • Free student account
  • 24/7 customer service
Cons:
  • High minimums to waive fees
  • Low savings APY
Bottom LineLarge full-service global bank... Read full reviewBig national bank with wide array of services and many account options... Read full review
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 Bank: Information including rates, fees, terms, and benefits was obtained on October 19, 2019 from published websites and is believed to be accurate, but not guaranteed.

    US Bank: Pricing information from published website as of 10/19/2019 based on 91107 zip code.

    Which is Better: HSBC Bank or US Bank?

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

    In short: HSBC Bank's savings and checking are impressive.


    Articles on HSBC Bank

      HSBC Bank Review

      HSBC Bank offers a full array of services for different needs, including a high-yield online savings and several checking options. But there are downsides. Read on for the pros and cons.

      HSBC Savings Account

      Are you tired of abysmal interest rates on your savings accounts? Maybe you've even abandoned the thought of a savings account because it just doesn't seem worth it anymore.

      HSBC Advance Checking

      Are you tired of not earning interest on your checking account? Maybe you want more than just check writing privileges in exchange for depositing your money. HSBC Advance Checking may make you look at banks in a different light.

      HSBC Premier Checking

      Are you looking for a checking account that does more than allow you to write checks? If you are a high net worth individual, the HSBC Premier Checking account may be what you need. This top-of-the-line checking account offers access to a personal Relationship Manager.

    Articles on US Bank

      US Bank Review

      U.S. Bank is the country's fifth largest bank, but does that make them a bank that will suit your banking needs? Do you need one of the country's largest banks or is a smaller bank more your style?

      US Bank Routing Number

      To transfer money in or out of your US Bank checking or savings account, you'll need the right routing number. Find your US Bank routing number below.

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