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HSBC US

By: EconomyWatch Content Date: 5 November 2009

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HSBC US offers a complete range of customized financial products and services to government, institutional and corporate clients in the US. HSBC’s US subsidiaries are HSBC Securities (USA) Inc and HSBC Bank USA, NA. The Hong Kong and Shanghai Banking Corporation (HSBC) Limited North America is one of the top ten financial institutions in the US, with assets close to $300 billion. The company has vast experience in the global markets, especially in mergers and transactions, advisory, asset management, structured finance, private equity, capital markets, trade, and payment and cash management services.

HSBC US Savings Accounts

HSBC offers online savings accounts that do not entail any charges for ATMs and everyday banking services. Moreover, the company offers interest rates on savings accounts, calculated on a daily basis. The bank also does not restrict the number of times one can use the ATM. It is an ideal savings account because day-to-day banking transactions are free.

HSBC US Credit Cards

There is a HSBC US credit card for every need. Whether you want a credit card with cash back or travel rewards, a zero percent APR card with platinum benefits, a card with purchase rebates, a card that lets you establish new credit, you will find an HSBC US credit card that suits your needs. The GM Flexible Earnings Card is one of the most popular co-branded credit cards. With this card, you can earn reward points for the goods and services you buy.

Hong Kong and Shanghai Banking Corporation offers very competitive reward programs with its Platinum Master Card with cash back and the HSBC US Platinum Master Card with air miles or cash rewards. The company also offers an Orchard Bank Platinum Master Card for people who do not have a good credit history or have a less-than-perfect credit score. This card gives a lifeline to people with bankruptcy on their records to begin a new financial standing with credit rating agencies and lenders.

HSBC US also offers a wide variety of customized banking services and solutions. Although this bank is relatively new to the North American markets, its popularity is growing rapidly. Hong Kong and Shanghai Banking Corporation Ltd, the parent company, focuses on the emerging markets. Being one of the world’s largest banks, Hong Kong and Shanghai Banking Corporation’s aim is to provide first class service with value for money products.