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Compare Top Financial Providers Side-by-Side

HSBC vs. Bank of America Comparison

Compare providers side-by-side, allowing for easy comparison of features, rates, and terms. The comparison tool encourages individuals to thoroughly review all aspects of each service before making a smart financial decision.

Overview
Online Banking

OB_D_M_logo_hsbc

Zero Transaction Fees at HSBC ATMs

Bank o fAmerica

Bank of America

Accessible financial services and loans

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Add a brand

Overview

Online Banking

Online Banking

Online Banking

Good For

6th Largest Bank In The World

Good For

Manage Your Finances Online

Account types

Checking
Savings
Certificates of Deposit (CD)

Account types

Checking
Savings
Certificates of Deposit (CD)
Money Market Deposit Account (MMDA)

Pros

No banking fees if you maintain Premier statusements
Higher APY is available based on account balance or type
Global bank presence allows for seamless movement of money and international credit history
Premier clients receive benefits anywhere in the world

Pros

Ample physical branches and ATMs
Low minimum deposit requirements
Waivable monthly fees

Cons

Limited access as personal accounts are available to HSBC Premier clients only
$50 monthly fee on accounts without an HSBC Premier relationship
Eligibility requirements are complex and can change over time

Cons

APY rates not very competitive
Only one type of savings account
An overdraft fee of $35 chargeable daily

Min APY Checking

0.01

Min APY Checking

Min APY Savings

0.05

Min APY Savings

0.01

ATM Network

Over 55,000 fee-free ATMs

ATM Network

Wide network of ATMs nationwide

Overdraft fees

Overdraft fees

$10

Maintenance Fee

$50

Maintenance Fee

$12

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