HSBC Bank vs Wells Fargo

HSBC is a large full-service global bank. How does it compare to Wells Fargo? 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 Wells Fargo is one of America's largest banks with over 5,400 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 with Wells Fargo, side-by-side. Read on for an in-depth look, including ratings and reviews.

	HSBC Bank	Wells Fargo


	SPECIAL OFFER HSBC Advance Checking - Up to $270 Cash Bonus - Learn More Read HSBC Review	SPECIAL OFFER Consumer Checking Account - $400 Bonus - Learn More Read Wells Fargo Review
	Benefits and Features
Savings	HSBC Direct Savings: 1.70% 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.
CD	0.75% to 0.80% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 0.80%. Minimum deposit of $1,000 to open.	Standard Term CD: 0.05% - 0.15% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Special CD: 0.30% APY. Terms of 5 months. Minimum deposit of $5,000. Bonus of up to 0.35% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account.
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		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.
ATMs	Any 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% - 0.35% APY. Terms of 1 month to 114 months. Minimum deposit of $1,000. Special CD: 0.30% APY. Terms of 5 months. Minimum deposit of $2,500. Bonus of up to 0.40% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account.
IRA Money Market		0.03% - 0.05% APY. $100 minimum opening deposit.
Locations	HSBC - 240+ branches, mostly on the West and East coasts HSBC Direct - online only	Approximately 5,400 retail banking branches coast to coast.
	CreditDonkey® Reviews

Savings
Checking
Customer Service
Pros & Cons	Pros: Global presence High online savings APY Cons: Not in every state
Bottom Line	Large full-service global bank... Read full review	Read full review

	HSBC Advance Checking - Up to $270 Cash Bonus HSBC Advance Checking - $225 Welcome Deposit HSBC Premier Checking - Up to $700 Cash Bonus	Consumer Checking Account - $400 Bonus
What Others View		Chase
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 January 16, 2020 from published websites and is believed to be accurate, but not guaranteed. Wells Fargo: Pricing information from published website as of 04/03/2020 based on 91107 zip code.

Which is Better: HSBC 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 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 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 vs Synchrony Bank

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

Wells Fargo Bank Review

Wells Fargo offers nationwide access with thousands of ATMs and branch locations. But are their checkings and savings accounts right for you? Read on to see the best options.

Wells Fargo Routing Number

How do I find my Wells Fargo routing number? Here's how you can check.

Which Do You Think is Best?

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	Are Online Savings Accounts FDIC Insured Online banks are treated the same as traditional banks by the U.S. government. Online savings accounts are FDIC insured. If the bank were to fail, your money (up to $250,000) would be protected.

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