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.
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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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 |  |
|
| Covered by FSCS UK |  |
|
| Overall Rating |  |
 |
| Visit Website | Visit Barclays Bank | Visit HSBC Bank |
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.
- 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.
- 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.
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.
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.
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.
Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.
