HSBC Bank USA, N.A. is primarily a New York City bank but has a headquarters in Wilmington, Del. Although New Yorkers hold the bulk of traditional accounts, the bank has a national customer base due to online HSBC Bank accounts and branches in Washington, DC, South Florida, Los Angeles and San Francisco. HSBC Bank offers a full-range of banking services, including savings and loan. In addition, HSBC offers insurance and investment products and services.

History of HSBC Bank

The origins of HSBC Bank go back to 1865 when a Scottish Businessman founded The Hong Kong and Shanghai Banking Corporation Limited in Hong Kong for area merchants. All HSBC banks are now subsidiaries of the British corporation, HSBC Holdings plc. HSBC banks are located around the world and are especially prominent in the Asia-Pacific region.

In 1980, HSBC entered the U.S. banking industry when the corporation bought a majority share in Marine Midland Bank in Buffalo, N.Y. By 1987, HSBC had assumed full ownership. HSBC acquired several more financial businesses in the 1990s, including Spectrum Home Mortgage, United Northern Federal Savings, East River Savings, First Commercial Bank of Philadelphia and Republic National Bank.

HSBC Bank Facts

Today, HSBC Bank has 380 branches in New York State and 80 more branches throughout the country. Four million people in the United States hold HSBC Bank accounts. At the end of 2007, HSBC Bank reported a net income of $386 million, total assets of $246.5 billion and total deposits of $116.2 billion.

HSBC Banking Services

HSBC offers several different account options to customers. The most popular types of accounts available are checking accounts, savings accounts and CDs. HSBC bank accounts are all FDIC-insured.


HSBC offers customers a choice of four different checking accounts. Basic Banking has a $3 per month fee with no minimum balance requirement.

Choice Checking at HSBC is free with direct deposit. It includes free Personal Internet Banking and discounts on personal loans.

Plus Checking offers a competitive interest rate but requires a minimum balance of $15,000 or more. Account holders receive periodic bonus rates on CDs.

Premier Checking requires deposits of over $100,000. This account offers global benefits in over 40 countries.


HSBC savings accounts include the Premier Investor Savings Account and four others. The Premier Investor account is a high-yield money market account that requires a deposit of $25,000 or more. The other savings accounts are the Online Savings account, Premium Money Market Plus Account, CD account and regular savings.

HSBC is one of the world's largest banks. HSBC banking services include a wide range of competitive consumer products to meet the needs of anyone regardless of income or assets.

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