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HSBC Bank vs Wells Fargo

HSBC Bank is a large full-service global bank. How does it compare to Wells Fargo? 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 Wells Fargo is one of America's largest banks with over 5,700 locations and 13,000 ATMs. Offers many checking options, including Teen Checking and Opportunity Checking for those who had financial troubles. 24/7 customer service. Special CDs offers high rates with $5,000 minimum opening deposit.

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

 HSBC Bank
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HSBC Bank

Wells Fargo

SPECIAL OFFER
HSBC Direct Savings - 2.30% APY - Learn More

Read HSBC Bank Review

SPECIAL OFFER
Consumer Checking Account - $400 Bonus - Learn More

Read Wells Fargo Review

 

Benefits and Features

SavingsHSBC Direct Savings: 2.30% 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. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, or are under the age of 18.
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 of 3 months to 1 year. Minimum deposit of $2,500. Special CD: 1.40% - 1.90% APY. Terms of 9, 29, and 39 months. Minimum deposit of $5,000. Bonus of up to 1.95% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account.
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 Also known as the Platinum Savings Account. 0.05% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 0.10% requires account linked to Portfolio by Wells Fargo┬« relationship.
Customer Service
24/7
Available 24 hours a day, 7 days a week.
ATMsAny HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates.More than 13,000 ATMs across the country.
IRA CD Standard Term CD: 0.01% - 0.75% APY. Terms of 1 month to 114 months. Minimum deposit of $1,000. Special CD: 1.40% - 1.90% APY. Terms of 9, 29, and 39 months. Minimum deposit of $2,500. Bonus of up to 1.95% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account.
IRA Money Market 0.03% - 0.05% APY. $100 minimum opening deposit.
LocationsHSBC - 240+ branches, mostly on the West and East coasts
HSBC Direct - online only
More than 5,700 branches across the country.
 

CreditDonkey® Reviews

 HSBC Bank
Savings
Checking
Customer Service
Pros & ConsPros:
  • Global presence
  • High online savings APY
Cons:
  • Not in every state
Bottom LineLarge full-service global bank... Read full review 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 Bank: Information including rates, fees, terms, and benefits was obtained on July 17, 2019 from published websites and is believed to be accurate, but not guaranteed.

    Wells Fargo: Pricing information from published website as of 07/17/2019 based on 91107 zip code.

    Which is Better: HSBC Bank or Wells Fargo?

    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.


    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 Online Savings

      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 Wells Fargo


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