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.
Whereas, Regions Bank is located in 15 states in the South and Midwest with 1,500 branches. You can open a checking and savings account with as little as $50, plus they have lower requirements to waive fees.
To add on, the Now Banking solution offers prepaid Visa savings, and check cashing services with no account required.
See our table below for a side-by-side comparison between the two banks.
|HSBC Premier Checking Member FDIC||$500 Cash||Review|
|HSBC Bank||Regions Bank|
|Locations||Over 240 branches on the East and West Coasts
HSBC Direct- Online only
|More than 1500 branches in 15 Southern and Midwestern US states.
|ATMs||HSBC ATMs in U.S.; HSBC ATMS abroad may incur additional fees and foreign conversion rates.||More than 4,700 ATMs|
-High online savings APY
|-Virtual Wallet tools
-Relatively easy to waive fees
-Free student account
|Cons||-Not in every state||-$50 to open checking account
-Relationship Rewards Program
-LifeGreen Savings annual bonus
|Bottom Line||HSBC offers a full array services like high-yield online savings and several checking options.||Regions Bank offers a variety of deposit products, special reward programs, and more!|
HSBC Bank Promotions
Compare to Other Banks
- HSBC Bank vs Wells Fargo
- HSBC Bank vs Citibank
- HSBC Bank vs Synchrony Bank
- HSBC Bank vs Capital One
- HSBC Bank vs Bank of America
- Huntington Bank vs HSBC Bank
- Regions Bank vs Chase
- SunTrust Bank vs Regions Bank
- PNC Bank vs Regions Bank
- Discover Bank vs Regions Bank
- Axos Bank vs Regions Bank
Which Bank is Better: HSBC or Regions Bank?
- HSBC is a well known bank with a solid reputation. They offer competitive rates on their online savings account!
- Regions Bank’s CDs and savings account are another great way to save, but their rates may not be the best.
More on HSBC:
More on Regions Bank: