An Overview Of HSBC Bank
In terms of financial institutions, HSBC Bank is arguably one of the largest financial institutions in the world. HSBC is an international bank with fingerprints all over the world, including the US, which began as HSBC Bank of America, Inc. in London, England. It has established branches in all countries, but only in the last few decades has it begun to maintain its presence. [Sources: 1, 2, 6]
If you live near a branch and want to be able to speak to a banker face to face, this bank could be a good choice for you. HSBC has more than 200 branches nationwide and more than 1,000 branches in the US, Canada, Australia, New Zealand, South Africa, UK, France, Germany, Italy, Spain, Japan, Brazil, India, Mexico, China, Russia, Hong Kong, Taiwan, Singapore and the Philippines. If you want an option for face-to-face meetings with your bankers, then you have this option. The HSBC Direct Savings account is only available online, meaning it is an online account - only, but this is HSBC's alternative to online banking. [Sources: 7
Therefore, banking with HSBC Direct must be done online or via the HSBC Mobile app. If you happen to live near an HSBC branch, it is almost better to treat HSBC as an online bank. [Sources: 2, 9]
If you are abroad, you can also use HSBC's online banking and enquiries through the HSBC Mobile app. For banking inquiries, please contact HSBC Customer Service on 1-888-HSBC Customer Service (0800) 788 - 787 - 4357 or 080 - 567 - 3200. [Sources: 1]
The best way to find out more is to visit the HSBC website or arrange a meeting with an insurance specialist at an HSBC branch. If you or someone you know lives near one of our branches or ATMs, we are also available to answer phone calls, emails and online banking queries. [Sources: 8, 9]
If you are looking for a bank with a good balance sheet, good customer service and a good reputation, HSBC is the best choice for you. [Sources: 10]
HSBC also offers other current accounts and savings accounts that cater to most customers' banking needs. You can also link your HSBC savings account to other HSBC accounts, including bank accounts with other banks such as HSBC Bank, HSBC Credit Card and HSBC Savings Account if you have one. If you're looking for a good balance sheet, good customer service and good reputation, HSBC fits the bill. HSBC account holders can use their HSBC credit cards to pay for any other banking account they hold. [Sources: 2, 9]
If you contact a friend who has opened a qualifying HSBC account, HSBC is offering up to $2,000 free when you sign up - and open a new account. [Sources: 5]
Overall, HSBC Direct is a great online savings account that will meet most of your banking needs when paired with an HSBC Premier cheque account. As well as professional relationship manager support, the HSBC Premier current account offers all the features that HSBC Advance accounts offer. If you choose between an online bank account with HSBC and a traditional bank in the US, you know you will earn more with HSBC Direct. [Sources: 7, 9]
HSBC Premier Checking offers free online and mobile banking for current accounts, including a free mobile bank account with a mobile phone number, as well as the ability to check your account from anywhere in the world. HSBC is a strong domestic option, offering dedicated travel capabilities throughout its global presence, such as HSBC Global Travel Service. However, it is based in the US with 200 offices in 10 states and Washington, D.C. D.C. If you are not in HSBC's services division, this may not be the best choice for you, especially if you are not based in the United States, Canada, Australia or New Zealand. HSBC Bank UK still provides commercial banking services tailored to help millions of customers with their financial needs across the country. [Sources: 0, 1, 4, 5]
HSBC Bank has a long history of developing policies and systems to ensure it is well run, such as its anti-money laundering operations. [Sources: 1]
If you can afford to open an HSBC Basic checking account, this is a great option and there are a variety of personal banking products available. To qualify for a Premier Personal Relationship, a Premier Member who has an HSBC Business Account can apply for an HSBC Advance Checking Account, where they can move funds between accounts around the world using automated transfers. You can also transfer your money to any account in the world by automatically transferring it through HSBC's global network. [Sources: 2, 4, 5, 9]
HSBC has a strong international presence and is an excellent banking choice if you are a regular user of international transactions. If you need access to a brick-and-mortar bank, an extensive network of ATMs, travel internationally or want to track all your investments and financial accounts in one place, HSBC is your first choice. HSBC Bank is a good option for someone who wants to work with well-known commodities and might be interested in a variety of investment options such as stocks, bonds, commodities and precious metals. [Sources: 3, 5, 9]
Sources:
[0]: https://smartasset.com/checking-account/hsbc-bank-banking-review
[1]: https://www.comparebanks.co.uk/bank/hsbc-bank/
[2]: https://www.forbes.com/advisor/banking/hsbc-bank-review/
[3]: https://www.thebalance.com/hsbc-onlinesavings-account-review-banking-reviews-315754
[4]: https://www.valuepenguin.com/banking/hsbc-bank-review
[5]: https://www.doughroller.net/banking/hsbc-checking-review-basic-choice-advance-and-premier/
[6]: https://www.creditcardinsider.com/credit-cards/hsbc/
[7]: https://www.businessinsider.com/personal-finance/hsbc-direct-savings-account-review
[8]: https://www.thesimpledollar.com/banking/bank-reviews/hsbc-bank-review/
[9]: https://cashmoneylife.com/hsbc-direct-savings-account-review/
[10]: https://www.moneytaskforce.com/banking/hsbc-bank-review/
