based on 1273 HSBC banking product reviews as rated by Mozo community

HSBC bank accounts

HSBC in Australia is part of the HSBC Group, one of the world's largest banking and financial services organisations. HSBC has products for every money need you can think of, including savings accounts and term deposits for your day-to-day money management, a suite of home loans to finance your dream home, plus credit card and personal loan options. 

Of course, HSBC also offers a number of bank account options, including the Everyday Global Account which picked up a 2022 Mozo Experts Choice Award for Exceptional Everyday Account. 

HSBC offers the following bank accounts

Rates and fees verified as correct at 9 August 2022. Other information correct at the time of writing. Advertiser disclosure.

Product Account fee Payment options Interest rate
Day to Day Account

$0.00

Apple Pay, Google Pay, PayID

0% p.a.

Everyday Global Account

$0.00

Apple Pay, Google Pay, PayID

0% p.a.

How are HSBC bank accounts rated?

Mozo users have rated HSBC bank accounts on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of bank-accounts
HSBC bank accounts
Overall
Price
Features
Customer service
Convenience
Trust

201 Reviews

Recent HSBC bank account reviews

HSBC Bank Account
Overall 1/10
Terrible Bank!

Terrible bank. No local branches, they take forever to post transactions. The app is terrible and the customer service is a complete joke.

Read full review

Terrible bank. No local branches, they take forever to post transactions. The app is terrible and the customer service is a complete joke.

Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Traci, Northern Territory, reviewed 6 months ago
HSBC Day to Day Account
Overall 1/10
Want an everyday account right now & OSKO? Try ING

HSBC have a, reasonably cheap, online trading platform for their customers, so I decided to open an everyday account with them. I discovered that they have a rather intrusive online application process which, ultimately, requires physical presence at a Branch to be completed, anyway! They now have my licence number, address, salary information and employers details and I shall not be proceeding. WTF, HSBC? Yeah, nuh!

Read full review

HSBC have a, reasonably cheap, online trading platform for their customers, so I decided to open an everyday account with them. I discovered that they have a rather intrusive online application process which, ultimately, requires physical presence at a Branch to be completed, anyway! They now have my licence number, address, salary information and employers details and I shall not be proceeding. WTF, HSBC? Yeah, nuh!

Trust
1/10
Less
Jack, Victoria, reviewed 10 months ago
HSBC Day to Day Account
Overall 7/10
excellent value and very low costs in fact

The only drawback is lack of brick and morter banks but everyone can use the post office instead for everything.

Read full review

The only drawback is lack of brick and morter banks but everyone can use the post office instead for everything.

Price
10/10
Features
9/10
Customer service
9/10
Convenience
6/10
Trust
9/10
Less
Yvonne, New South Wales, reviewed 11 months ago
HSBC Everyday Global Account
Overall 10/10
want to save your money and be rewarded? HSBC.

If you want to save money, join with hsbc. I am 24 years older and have now decided it is the perfect time to save, despite trying in the past with other banks, hsbc has very limited branches, which eliminates the need of want to withdraw money for impulsive purchases that you regret later on. I love that hsbc doesn’t offer PayID, whilst instant transfer is a really good feature to have (I use PayID for my everyday banking with another bank) it also makes it easier to shop online, so because hsbc doesn’t have this option, it makes it easier for you to re think what you’re about to spend that money on. I get rewarded each time I save up to $1,000 each month. I would highly suggest anyone wanting to save money to open an account with hsbc.

Read full review

If you want to save money, join with hsbc. I am 24 years older and have now decided it is the perfect time to save, despite trying in the past with other banks, hsbc has very limited branches, which eliminates the need of want to withdraw money for impulsive purchases that you regret later on. I love that hsbc doesn’t offer PayID, whilst instant transfer is a really good feature to have (I use PayID for my everyday banking with another bank) it also makes it easier to shop online, so because hsbc doesn’t have this option, it makes it easier for you to re think what you’re about to spend that money on. I get rewarded each time I save up to $1,000 each month. I would highly suggest anyone wanting to save money to open an account with hsbc.

Price
10/10
Features
7/10
Customer service
10/10
Convenience
10/10
Less
Elle, Victoria, reviewed 11 months ago

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