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 4,500 locations and approximately 11,000 ATMs. Offers many checking options, including Everyday Checking and Clear Access Banking for those who have 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, reviews, pros and cons.

	HSBC Bank	Wells Fargo
	Member FDIC
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	SPECIAL OFFER HSBC Premier - Earn Up to $2,500 - Learn More Read HSBC Review	SPECIAL OFFER Personal Checking Account - $300 Bonus - Learn More Read Wells Fargo Review
	Benefits and Features
Savings	Premier Relationship Savings: 4.00% 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, make 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account, make 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account, make 1 or more Save As You Go® transfers from a linked Wells Fargo checking account, or primary account owner is 24 years old or under.
CD	3.50% to 4.00% APY. Terms of 6 months, 1 year, or 2 years. 12-month CD APY of 4.00%. Minimum deposit of $1,000 to open.	Standard Fixed Term CD available online: 2.00% to 2.75% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Relationship APY: 2.01% to 2.76% APY when you link a Wells Fargo Prime Checking, Premier Checking, or Private Bank Interest Checking account to the CD. More CD terms are available in branch.
Checking	Premier Checking to enjoy premium banking with both local and global benefits	Clear Access Banking, Everyday Checking, Prime Checking, Premier Checking
ATMs	Any HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates.	approximately 11,000 ATMs across the country
Customer Service	24/7	Available 24 hours a day, 7 days a week.
IRA CD		Standard Term CD: 0.01% to 2.75% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Relationship APY: 0.02% to 2.76% APY when you link a Wells Fargo Prime Checking, Premier Checking, or Private Bank Interest Checking account to the CD.
Locations	21 branches in the US; Global presence in more than 64 countries and territories worldwide	approximately 4,700 retail banking branches coast to coast
	CreditDonkey® Reviews

Savings
CD
Checking
Mobile App
Customer Service
Pros & Cons	Pros: Global presence Transfer money globally Priority customer service Cons: Limited US presence High account minimums	Pros: Low requirements for Everyday Checking Full service bank 24/7 customer service Cons: Low savings rates Not in all states
Bottom Line	Full-service global bank ideal for high net worth expats and travelers... Read full review	A "big 4" bank with a good range of checking accounts and full services... Read full review
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	HSBC Premier - Earn Up to $2,500 HSBC Premier	Personal Checking Account - $300 Bonus Personal Checking Account - $125 Bonus Savings Account - $525 Bonus
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 11/12/2024 from published websites and is believed to be accurate, but not guaranteed. Wells Fargo: Pricing information from the published website as of 10/26/2024 is based on the 91101 zip code.

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 Bank of America.

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