When comparing banks like Barclays vs HSBC, there are a few key factors to consider. These include the range of services offered, fees and charges, interest rates, and customer satisfaction levels.

Our guide is a comprehensive comparison of these key aspects of both Barclays Bank and HSBC Bank for customers in the United Kingdom.

Table of Contents

Barclays Bank and HSBC Bank Compared

The table below provides a high-level overview of Barclays vs HSBC and all of their features, services, fees, and more. As you can see, Barclays Bank has more advantages than HSBC Bank based on the data assessed in our review.

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Barclays Bank vs HSBC

Barclays Bank
HSBC vs Barclays

HSBC Bank
Account Options Personal, Business, Joint, Investment, Insurance.
Credit Cards, Savings Account
Personal, Business, Investment Insurance,
Savings
Fiat Currency Options GBP, EUR or USD GBP, EUR, SGD or USD
Account Fees £0 £0
Year Founded 1896 1865
Customer Service Very High High
GBP Deposit Interest 0.8% APY 0.6% APY
Stock/Crypto Trading Image Image
Covered by FSCS UK Image Image
Overall Rating Image Image
Visit Website Visit Barclays Bank Visit HSBC Bank

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Barclays Bank

Barclays Bank is one of the largest banks in the UK, with over 16 million customers. It offers a wide range of banking services, including personal and business accounts, loans, mortgages, and investment products. Barclays also has a strong online presence, with a user-friendly website and mobile app.

Barclays Bank vs HSBC
  • FSCS Licensed and Regulated UK Bank.
  • Higher GBP deposit interest rates than HSBC Bank.
  • Easy to use Mobile App with smooth Online Digital Banking experience.
  • Barclays Investment options to buy stocks from bank accounts.
  • Zero account fees for Personal or Business Banking customers.

You can also learn more about how to buy Crypto with Barclays Bank.


HSBC Bank

HSBC Bank is also one of the largest banks in the United Kingdom. It offers similar services to Barclays Bank, including personal and business accounts, loans, mortgages, credit cards, and investment products. They boast 15 million customers across the UK and are one of the longest running financial institutions in the country.

HSBC vs Barclays Bank
  • Free ¬£175 when switching to HSBC UK.
  • Zero fees to open a Personal or Business bank account.
  • Regulated in the United Kingdom.

You can learn more about how to buy Cryptocurrencies with HSBC Bank.

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Fees Compared

When it comes to fees and charges, both Barclays and HSBC charge similar fees for their services. However, HSBC offers several fee-free services, such as unlimited free transactions on its basic bank account.

Interest rates on savings accounts at Barclays are generally higher than at HSBC. However, both banks offer several accounts with competitive rates.

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Does HSBC or Barclays Bank offer Crypto?

As at time of writing, both HSBC and Barclays Bank do not offer cryptocurrencies services for their customers. With that said, they do allow customers to deposit and withdraw GBP from regulated cryptocurrency exchanges in the United Kingdom.

This means you are safe to use large and trusted platforms like eToro UK or Coinbase UK.

The eToro UK trading platform with Barclays and HSBC shares available to trade.

Barclays vs HSBC Customer Satisfaction

Customer satisfaction levels are high for both Barclays and HSBC, with both banks scoring 4/5 stars on Trustpilot.


Is Barclays better than HSBC Bank?

Overall, both Barclays and HSBC offer a great range of services and products. However, when it comes to fees, interest rates, and customer satisfaction levels, Barclays is the better choice.

Visit Barclays Bank
Posted 
May 16, 2022
 in 
Dylan Matthews
 category

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