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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.

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Online Banking

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Online Banking

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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
  • cons Limited access as personal accounts are available to HSBC Premier clients only
  • cons $50 monthly fee on accounts without an HSBC Premier relationship
  • cons Eligibility requirements are complex and can change over time
Cons
  • cons APY rates not very competitive
  • cons Only one type of savings account
  • cons 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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