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.
In comparison, Citibank only operates on 700 branches across the U.S.
They offer credit cards and banking services, but their service fees and balance requirements are more on the higher side.
Continue reading below to see a side-by-side comparison between the two banks, so you can see which one offers the services you need the most
| PROMOTIONAL LINK | OFFER | REVIEW |
| HSBC Premier Checking Member FDIC | $450 Cash | Review |
| HSBC Premier Checking Member FDIC | Up To $600 | Review |
| HSBC Advance Checking Member FDIC | $200 Cash | Review |
| HSBC Advance Checking Member FDIC | Up To $240 | Review |
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| HSBC Bank | Citibank | |
| Locations | Over 240 branches on the East and West Coasts
HSBC Direct- Online only |
700 Citibank branches across 13 states(Mostly in California and New York) |
| ATMs | HSBC ATMs in U.S.; HSBC ATMS abroad may incur additional fees and foreign conversion rates. | 2400 ATMs across the country.Also works at all MoneyPass ATMs |
| Savings | 5/5 | 3/5 |
| CD | N/A | 3/5 |
| Checking | 5/5 | 3/5 |
| Money Market | N/A | |
| Customer Service | 4/5 | 4/5 |
| Mobile App | N/A | 4.5/5 |
| Pros | -Global presence -High online savings APY |
-Perks for high balance customers -Many fee-free ATMs -Global presence |
| Cons | -Not in every state | -No free checking option -Higher balance requirements -Low savings APY |
| Bottom Line | HSBC offers a full array services like high-yield online savings and several checking options. | Citibank is offers credit cards and banking services, but it’s more geared towards people who have high balances in their deposit account. |
Table of Contents
HSBC Bank Promotions
HSBC Advance checking accountHSBC Premier checking accountHSBC Direct Savings account
 • Get up to $240 with a 3% Cash Bonus Checking Offer when you open a new HSBC Advance checking account and complete the following qualifying activities. • Open your new HSBC Advance checking account online by January 7, 2021; and • Set up Qualifying Direct Deposits into your new HSBC Advance checking account; and then • Enjoy 3% Cash Bonus, up to $240, on Qualifying Direct Deposits up to $40 per month, during the first 6 calendar months after account opening • You will automatically receive the 3% Cash Bonus in your new HSBC Advance checking account approximately eight weeks after completing that month's qualifying activities. Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. |
• Get a $200 Welcome Deposit for eligible new customers who open a new HSBC Advance checking account and complete the following qualifying activities. • Open your new HSBC Advance checking account online by January 7, 2021; and • Make recurring monthly Qualifying Direct Deposits totaling at least $500 from a third party to your HSBC Advance checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening • You will automatically receive the $200 Welcome Deposit in your new HSBC Advance 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. |
*See all HSBC Advance Checking offers here.
• Get up to $600 with a 3% Cash Bonus Checking Offer when you open a new HSBC Premier checking account and complete the following qualifying activities. • Open your new HSBC Premier checking account online by January 7, 2021; and • Set up Qualifying Direct Deposits into your new HSBC Premier checking account; and then • Enjoy 3% Cash Bonus, up to $600, on Qualifying Direct Deposits up to $100 per month, during the first 6 calendar months after account opening • You will automatically receive the 3% Cash Bonus in your new HSBC Premier checking account approximately eight weeks after completing that month's qualifying activities. Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. |
• Get a $450 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 by January 7, 2021; and • Make recurring monthly Qualifying Direct Deposits totaling at least $5,000 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 $450 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. |
*See all HSBC Premier Checking offers here.
*See all HSBC Direct Savings offers here.
Compare to Other Banks
- HSBC Bank vs Wells Fargo
- HSBC Bank vs Synchrony Bank
- HSBC Bank vs Capital One
- HSBC Bank vs Bank of America
- HSBC Bank vs Regions Bank
- HSBC Bank vs KeyBank
- Huntington Bank vs HSBC Bank
- Citibank vs Wells Fargo
- Citibank vs Bank of America
- Citibank vs US Bank
- HSBC Bank vs Citibank
- TD Bank vs Citibank
- Capital One vs Citibank
Bottom Line
Which Bank is Better: HSBC or Citibank?
In summary:
- HSBC is a well known bank with a solid reputation. They offer competitive rates on their online savings account!
- Citibank is different compared to other banks because they only offer a package of both checking and savings account when opening an account. Citi can be especially beneficial for those who travel or need access to a large ATM network.
For more variety of options, see our list of the best bank account bonuses & savings account offers.
More on HSBC:
More on Citibank:
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