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 a minimum deposit of a dollar with no service fees.
Comparatively, Bank of America has more than 5,000 locations and 16,000 ATMs nationwide.
They offer many different accounts: checking, savings, CDs, IRA and investment accounts through Merrill Edge.
Plus, it’s good to know they are highly praised for their good customer service with extended hours.
Continue reading below for a more in-depth look for both HSBC Bank and Bank of America. You can choose to see which one fits your needs the most.
| PROMOTIONAL LINK | OFFER | REVIEW |
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| HSBC Bank | Bank of America | |
| Locations | Over 240 branches on the East and West Coasts
HSBC Direct- Online only |
Over 5,000 locations (Locator) |
| ATMs | HSBC ATMs in U.S.; HSBC ATMS abroad may incur additional fees and foreign conversion rates. | Over 1,800 ATMs |
| Savings | 5/5 | 3/5 |
| CD | N/A | 2/5 |
| Checking | 5/5 | 2.5/5 |
| Money Market | N/A | |
| Customer Service | 4/5 | 4/5 |
| Mobile App | N/A | 4.5/5 |
| Pros | -Global presence -High online savings APY |
-National availability -Extended customer service hours -Full service bank |
| Cons | -Not in every state | -No free checking option – Low interest rate -Many miscellaneous banking fees |
| Bottom Line | HSBC offers a full array services like high-yield online savings and several checking options. | Bank of America operates nationwide offering many account options like checking, savings, and more! |
HSBC Bank Promotions
Compare to Other Banks
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- HSBC Bank vs Citibank
- HSBC Bank vs Synchrony Bank
- HSBC Bank vs Capital One
- HSBC Bank vs Regions Bank
- HSBC Bank vs KeyBank
- Huntington Bank vs HSBC Bank
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Bottom Line
Which Bank is Better: HSBC or Bank of America?
In summary:
- HSBC is a well known bank with a solid reputation. They offer competitive rates on their online savings account!
- Bank of America has many account options and their user friendly interface and mobile app is noteworthy.
For more variety of options, see our list of the best bank account bonuses & savings account offers.
More on HSBC:
More on Bank of America:
- What Are Bank of America’s Hours?
- How To Find and Use Your Bank of America Login
- Bank of America Routing Number
- How To Open a Bank of America Checking Account
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