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Compare Top Financial Providers Side-by-Side

HSBC vs. Citizen Bank 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
Student Loans

OB_D_M_logo_hsbc

Zero Transaction Fees at HSBC ATMs

Citizens Bank

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Overview

Online Banking

Student Loans

Online Banking

Online Banking

Good For

6th Largest Bank In The World

Good For

Over 1,000 Branches and 3,000 ATMs

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

Well-established company with over 1,000 branches and 3,000 ATMs
Monthly maintenance charges are easy to avoid
Physical branches are available if you want to talk to someone in person about your financial needs

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

Poor interest rates available compared to online-only banks
Branches are only available in 12 states
Basic accounts incur a $3 out-of-network ATM fee
High overdraft fees

Min Deposit

Min Deposit

$1K

Min APY Checking

0.01

Min APY Checking

0.05

Min APY Savings

0.05

Min APY Savings

0.01

ATM Network

Over 55,000 fee-free ATMs

ATM Network

Over 3,000 fee-free ATMs

Overdraft fees

Overdraft fees

$35

Maintenance Fee

$50

Maintenance Fee

Student Loans

Good For

Personalize Your Banking Experience

Min Credit Score

700

Loan Amount

$1K-$350K

Fixed Rate

6.49-10.98%

Variable Rate

7.04-12.43%

Funding Time

20 days

Loan Type

Private student loans
Student loan refinance

Soft Credit Pull

No

Pros

Refinancing for federal and private student loans.
No degree or enrollment required.
No origination or prepayment penalties.
0.25% Loyalty discount for existing Citizens Bank customers

Cons

Must have a minimum of $10,000 to refinance
Next day funding not available

Not provided

Service isn't provided

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