Evaluate HSBC from an objective outlook. Its slogan is "the world's local bank" and the headquarters is located overseas. Therefore, evaluating a bank of this size should be completed with tools available online for free. The Internet has enabled the world to become closer in proximity for business and evaluating by a click of the mouse.
Instructions
1. Review the competition regarding the same type of account you are planning to open at HSBC. Use Bankrate.com for side by side comparisons of interest rates and more. Select Internet-based versus local for better accuracy. HSBC has been around since the Civil War era overseas and started a headquarters in the U.S. in the 1990s. Therefore, it has a long history and competes with big banks around the world.
2. Contact HSBC directly. Call 1-800-975-4722 to contact customer service or click "Contact Us" on the website for additional methods. Try to contact a local bank branch, if calling from California or Florida, where there are many locations. There may be some benefit to speaking with a local banker. Ask about accounts and what fees could be associated. There could be an opportunity to save money to help funds grow faster.
3. Look at how HSBC invests its resources. Consider how solvent the bank is concerning financial obligations. In other words, determine how well they are doing financially. The assets and liabilities must balance equally for the bank to be in good standing. This could reflect bad debt that holds the bank back from offering loans. To find this, take a look on any financial statistics site.
