Is HSBC Bank Of America?

What states have HSBC banks?

Where Can I Find HSBC.

HSBC has over 200 branches in the U.S., spread among 10 states on the East and West Coasts, as well as Washington, D.C.

The states in which it has branches are: California, Connecticut, Delaware, Florida, Maryland, New Jersey, New York, Pennsylvania, Virginia and Washington state..

Is HSBC a safe bank?

Like any major U.S. bank, HSBC Bank is a member of the FDIC, which means your accounts will be protected by deposit insurance. However, HSBC is somewhat limited in the U.S. and isn’t the strongest option for domestic banking if you don’t live within its service footprint.

Is HSBC owned by China?

HSBC Bank (China) Company Limited (Chinese: 汇丰银行(中国)有限公司; often abbreviated as 汇丰中国) is one of the first foreign banks to incorporate locally in mainland China in 2007. It is part of the worldwide HSBC Group and is wholly owned by Hong Kong-based The Hongkong and Shanghai Banking Corporation Limited.

How did HSBC launder money?

HSBC, Europe’s biggest bank, paid a $1.9 billion fine in 2012 to avoid prosecution for allowing at least $881 million in proceeds from the sale of illegal drugs. In addition to facilitating money laundering by drug cartels, evidence was found of HSBC moving money for Saudi banks tied to terrorist groups.

Is Wells Fargo owned by HSBC?

HSBC USA Inc. (‘HSBC’) has sold its interest in Wells Fargo HSBC Trade Bank, N.A. (‘Trade Bank’), consisting of 20 per cent of the Trade Bank’s common stock and 100 per cent of its non-voting preferred stock, to WFC Holdings Corporation (‘Wells Fargo’) for US$171 million in cash.

How do I deposit cash HSBC?

Select DEPOSIT. Choose the account you wish to deposit the cash or cheques in. Choose CASH or CHEQUE as you wish to deposit. Key in the deposit amount and press ENTER.

How long does it take to open HSBC bank account?

approximately 15-20 minutesIf you have information on hand, the application should take approximately 15-20 minutes to complete. A joint application will take additional time.

Is HSBC a real bank?

HSBC is an international bank with branches throughout the world. It is one of the largest banking and financial services organizations with a network covering 66 countries and territories. HSBC was founded in Hong Kong on March 6, 1865.

What bank owns HSBC?

The Hongkong and Shanghai Banking Corporation LimitedIt is part of the worldwide HSBC Group and is wholly owned by Hong Kong-based The Hongkong and Shanghai Banking Corporation Limited.

Is HSBC any good?

HSBC provides the traditional banking and investment services, while the online operation is able to offer higher interest rates on its deposit accounts. This may be right for people who want the convenience of a large traditional bank, yet higher interest rates for their savings. However, there are downsides.

Is HSBC the worst bank?

Factoring in complaints, penalties and responsiveness to customer problems, the worst bank is Bank of America, according to a report from consumer finance site ValuePenguin. B of A ranked No….MOST POPULAR.Bank% Disputed ResolutionsResponsiveness ScoreE*Trade25%122HSBC23%120People’s United Bank23%1112 more rows•Sep 23, 2016

What is the biggest bank in the world?

and Commercial Bank Of China LtdThe largest bank in the world in terms of total assets under management (AUM) is the Industrial and Commercial Bank Of China Ltd. This institution provides credit cards and loans, financing for businesses, and money management services for companies and high net worth individuals.