HSBC Bank vs Wells Fargo
HSBC is a full-service global bank ideal for high net worth expats and travelers. How does it compare to Wells Fargo? 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 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 | |
|---|---|---|
HSBC $500 Premier Checking Bonus - | Personal Checking Account - $325 Bonus - | |
Benefits and Features | ||
| Savings | Premier Relationship Savings: 3.00% APY when you link an eligible Premier checking account and meet one of four eligibility criteria (otherwise 0.05% APY) | 0.01% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, or primary account owner is 24 years old or under |
| CD | 3.50% to 4.50% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 4.25%. Minimum deposit of $1,000 to open. | Standard Term CD: 0.10% to 2.50% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Bonus of up to 2.51% APY if you maintain a linked Portfolio by Wells Fargo relationship. |
| 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. | Clear Access Banking, Everyday Checking, Portfolio by Wells Fargo |
| Money Market | Also known as the Platinum Savings Account. 0.25% - 2.00% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 2.01% requires account linked to Portfolio by Wells Fargo relationship. | |
| Customer Service | 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% to 2.50% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Bonus of up to 2.51% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account. | |
| IRA Money Market | 0.01% APY. $100 minimum opening deposit. | |
| Locations | 25 branches in the US; Global presence in more than 64 countries and territories worldwide | Approximately 5,400 retail banking branches coast to coast. |
CreditDonkey® Reviews | ||
| ||
| Savings |   | |
| CD |  | |
| Checking | | |
| Customer Service | | |
| Mobile App | | |
| Pros & Cons | Pros:
| |
| Bottom Line | Full-service global bank ideal for high net worth expats and travelers... | |
| | |
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 November 9, 2022 from published websites and is believed to be accurate, but not guaranteed. Wells Fargo: Pricing information from published website as of 11/05/2022 based on 91107 zip code. | ||
HSBC Premier Checking - $500 Welcome Deposit
- Receive a $500 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete the following qualifying activities.
- Open your new HSBC Premier checking account online, using this offer page, by February 15, 2023.
- Make recurring Qualifying Direct Deposits totaling at least $10,000 per month from a third party to your HSBC Premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening.
- You will automatically receive the $500 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It's that simple.
- Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.
Which is Better: HSBC or Wells Fargo?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing HSBC or Chase.
Articles on HSBC Bank
HSBC Bank
HSBC Premier Checking Bonus
HSBC Advance Checking
HSBC Premier Checking
Articles on Wells Fargo
Wells Fargo Bank Review
Wells Fargo Bank Hours
