HSBC Bank vs Wells Fargo: Which Is Better?

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, Wells Fargo is another well known bank with more than 5,400 locations offering 13,000 ATMs nationwide.

They offer a variety of checking account like Teen Checking or Opportunity Checking for those who have financial troubles.

Continue reading below for a more in-depth look for both HSBC Bank and Wells Fargo. You can choose to see which one fits your needs the most.

	HSBC Bank	Wells Fargo
Locations	Over 240 branches on the East and West Coasts HSBC Direct- Online only	5,400 retail banking branches coast to coast. (Locator)
ATMs	HSBC ATMs in U.S.; HSBC ATMS abroad may incur additional fees and foreign conversion rates.	More than 13,000 ATMs across the country.
Savings	5/5	2.5/5
CD	N/A	2/5
Checking	5/5	4/5
Money Market	N/A	N/A
Customer Service	4/5	4/5
Mobile App	N/A	4.5/5
Pros	-Global presence -High online savings APY	-Nationwide availability – Large ATM network – Mobile app features – 24/7 account monitoring
Cons	-Not in every state	– Make minimal interest – Pay a fee for overdraft protection
Bottom Line	HSBC offers a full array services like high-yield online savings and several checking options.	Wells Fargo offer nationwide access to ATMs and branch locations, offering unique features that your bank might not provide.

HSBC Bank Promotions

HSBC Advance checking accountHSBC Premier checking accountHSBC Direct Savings account

*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 June 30, 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. Apply Now at HSBC 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 June 30, 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. Apply Now at HSBC 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.

Wells Fargo Credit Cards

Wells Fargo Propel American Express® CardWells Fargo Cash Wise Visa® Card

The Wells Fargo Propel American Express® Card offers 20,000 bonus points when you spend $1,000 in purchases in the first 3 months – a $200 cash redemption value. You'll earn 3X points for: • eating out and ordering in • gas stations, rideshares and transit • travel including flights, hotels, homestays and car rentals • on popular streaming services • 1X points on other purchases This card comes with no annual fee. Learn More About This Card

See our review of the Wells Fargo Propel American Express^® Card & the latest Wells Fargo Promotions.

The Wells Fargo Cash Wise Visa® Card a $150 cash rewards bonus after spending $500 in the first 3 months. You'll earn an unlimited 1.5% cash rewards on purchases. You can also enjoy earning 1.8% cash rewards on qualified digital wallet purchases, like Apple Pay® or Google Pay™, during the first 12 months from account opening. This card comes with $0 annual fee on top of up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Cash Wise Visa® Card. Learn More About This Card Here

See our review of the Wells Fargo Cash Wise Visa® Card & the latest Wells Fargo Promotions.

Compare to Other Banks

HSBC

• 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

Wells Fargo:

Bottom Line

Which Bank is Better: HSBC or Wells Fargo?

In summary:

• HSBC is a well known bank with a solid reputation. They offer competitive rates on their online savings account!
• Wells Fargo offers nationwide access to their accounts, if you’re looking for basic banking features their accounts are to go to.

For more variety of options, see our list of the best bank account bonuses & savings account offers.

Chase Coupon Promo Codes $100, $200, $300, $350, $500, $725, $1000, $2000 for April 2021

Huntington Bank Promotions: $200, $300, $400, $750 Checking Bonuses for April 2021

HSBC Bank Promotions: $200, $240, $450, $600, $2,000 Checking Bonuses for April 2021

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