HSBC Bank

HSBC Bank

HSBC is a British banking and financial services company. It is the largest bank in Europe and the seventh largest bank in the world. The bank originated in Hong Kong and Shanghai, where the first branches were opened in 1865. The name ‘HSBC’ is derived from the initials of the Hong Kong and Shanghai Banking Corporation. The current incarnation of HSBC was established in London in 1991.

Reviews Rating
40%
Review Score
This figure is an average of the reviews score, taken from customer reviews and the overall rating of the bank.
51%
BankRank® Score
This figure is the average of the bank’s total sentiment score and the review scores.
Matt Crabtree
Senior Editor
Matt Crabtree
Matt Crabtree is a senior editor at CompareBanks. He has over 10 years experience in writing about all aspects of finance and is passionate about helping consumers make informed decisions about their money.
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Overview

First Glance

HSBC is a British banking and financial services company. It is the largest bank in Europe and the seventh largest bank in the world. The bank originated in Hong Kong and Shanghai, where the first branches were opened in 1865. The name ‘HSBC’ is derived from the initials of the Hong Kong and Shanghai Banking Corporation. The current incarnation of HSBC was established in London in 1991.

Features

Contact Info

Address
5 Canada Square, 5 Canada Square, Poplar, London E14, UK
Phone
020 7991 8888

About HSBC Bank

HSBC is a British banking and financial services company. It is the largest bank in Europe and the seventh largest bank in the world. The bank originated in Hong Kong and Shanghai, where the first branches were opened in 1865. The name ‘HSBC’ is derived from the initials of the Hong Kong and Shanghai Banking Corporation. The current incarnation of HSBC was established in London in 1991.

Nowadays, HSBC has some 3,000 offices in 67 countries across all five continents and serves almost 40 million customers around the world. The bank is structured across four primary business groups:

  • Commercial banking
  • Global banking and markets
  • Retail banking and wealth management
  • Global private banking

HSBC Products and Services

HSBC has more than 2million commercial banking customers, incorporating SMEs and middle-market companies and including sole traders, partnerships, clubs, incorporated businesses and public limited companies.

The commercial banking division is divided into four categories:

  • Global trade and receivables (supply chain funding, efficient use of capital, trade management)
  • Global banking (capital financing including debt, equity and advisory services)
  • Insurance and investments (corporate wealth management, employee benefits, insurance)
  • Global liquidity and cash management (control over cash and collections)

The investment banking division of HSBC works with corporate and institutional clients, providing:

  • Capital markets
  • Trade finance
  • Corporate banking
  • Investment banking
  • Payments and cash management
  • Asset management
  • Securities services

The retail banking and wealth management arm of HSBC serves more than 54million customers across the world. Products available to these customers include current accounts, loans, savings accounts, mortgages, car finance, insurance, loans, credit cards, pensions and investments.

Private banking customers are provided with a dedicated relationship manager who works to understand their individual goals and offer bespoke services accordingly. These services include everyday banking, wealth structuring, family business, real estate, investments, private equity, hedge funds and lending.

HSBC Security

HSBC Safeguard is an initiative designed to safeguard the information and money of account holders. Customers can ensure the initiative works for them by making sure the bank has accurate information. HSBC also provides extensive security information via their official website.

HSBC Bank Contact Details

8 Canada Square
London
E14 5HQ

Telephone: 020 7991 8888

Email: [email protected]

HSBC Bank

When it comes to financial institutions, HSBC bank is arguably one of the largest financial institutions in the world. Founded back in 1865 to finance trade between Asia and the West, HSBC Bank has around 7,500 offices in 87 countries across Europe, North, Central and South America, the Asia-Pacific region, the Middle East and Africa.

With a strong belief in capital strength, building long-term relationships with customers and strict cost control, HSBC Bank opted to strategically have their office headquarters in London, United Kingdom. Throughout its 150 year history, HSBC Bank has been where growth is, carefully connecting customers to a wide range of opportunities.

The Bank enables businesses country-wide to thrive and helping people fulfil their hopes and dreams thanks to its customer-friendly services. Still, on matters services, HSBC Bank UK deals with commercial banking services that are tailored to help millions of customers countrywide unlock their financial potential. Below are some of the services it offers to its UK customers;

  • Commercial Banking
  • Global Banking and Markets
  • Private Banking
  • Retail Banking and Wealth Management

HSBC Bank has a comprehensive range of policies and systems put in place to ensure it is well managed. For instance, it has a Board of Committees with clear board responsibilities set out that aim to promote its success not to mention deliver sustainable value to shareholders. They have also set out corporate governance codes that comply with the applicable code provisions of the UK Financial Reporting Council and the Stock Exchange.

Have An Issue With HSBC Bank?

If you happen to have any complaints regarding the services HSBC Bank offers, or complaints about auditing matters, accounting, and even internal accounting controls, you can get in touch with HSBC Bank customer service online via email using this HSBC email address [email protected].

For any HSBC Bank enquiries feel free to contact HSBC customer support by dialling HSBC customer care service number 0122 626 1019. If you are unable to reach them over the phone using this number, you should dial this HSBC Bank customer support alternative number 0122 626 1010. Customers are also advised to check out HSBC Bank FAQ page for answers to frequently asked questions or queries. You could also e-mail them on [email protected] if you happen to have enquiries or queries. For HSBC online banking queries and inquiries, use the HSBC Bank emergency number 0800 085 2401 from the UK or +44 (0)144 242 2929 if you are overseas. Lines are open 24 hours a day, 7 days a week.

Best HSBC Bank Deals

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HSBC Bank Reviews

Steven Drake
March 26, 2024

“My experience with HSBC has been nothing short of a nightmare”

My experience with HSBC has been nothing short of a nightmare. From delayed transactions to disorganized processes, they managed to drain any excitement I had in buying a house. Having my money withheld for weeks, only to be charged interest, left me frustrated and mentally drained. The company's lack of cohesion and organization reached new lows, testing my sanity and straining relationships with loved ones. I strongly advise against using HSBC for anything – the toll on your well-being is not worth the hassle.

Jason Fysh
March 26, 2024

“Rip off closed my bank no warning and kept my money”

Rip off closed my bank no warning and kept my money avoid them at all costs good job when the company folds !!

Bob Bob
March 26, 2024

“Awful would not recommend people to bank here”

Awful would not recommend people to bank here

Dean Gardiner
March 26, 2024

“having banked with them since their inception I am disappointed with the way they have down sized by closing several branches in my area making it very difficult to access my account in person or get help when I need it”

having banked with them since their inception I am disappointed with the way they have down sized by closing several branches in my area making it very difficult to access my account in person or get help when I need it. Add to this is very poor interest paid out on my current account balances, if any.

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HSBC Bank Accounts

HSBC Premier Savings
HSBC Premier Savings
Savings
Monthly Fee
0.01%
Interest Rate
Overdraft
Overdraft Rate
HSBC Flexible Saver
HSBC Flexible Saver
Savings
Monthly Fee
0.01%
Interest Rate
Overdraft
Overdraft Rate
HSBC Premier Bank Account
HSBC Premier Bank Account
Personal
Monthly Fee
Interest Rate
Yes
Overdraft
First £500 of your arranged overdraft is interest-free, and it’s 39.9% EAR above that.
Overdraft Rate
HSBC MySavings
HSBC MySavings
Savings
Monthly Fee
0.25% or 2.50%
Interest Rate
Overdraft
Overdraft Rate
HSBC Advance Bank Account
HSBC Advance Bank Account
Personal
Monthly Fee
1.00%
Interest Rate
Yes
Overdraft
The first £25 is interest free. Anything you borrow above that but within your arranged or unarranged overdraft limit will be charged interest at 39.9% EAR
Overdraft Rate
HSBC Premier MySavings
HSBC Premier MySavings
Savings
Monthly Fee
0.25% or 2.50%
Interest Rate
Overdraft
Overdraft Rate
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