HSBC Bank Routing Number

Frequently Asked Questions About HSBC Bank Routing Numbers

Why does HSBC Bank USA have two different routing numbers?

HSBC Bank USA uses different routing numbers for different transaction types to optimize payment processing. The ACH routing number (022000020) is used for electronic transactions like direct deposits and bill payments that process through the Automated Clearing House network. The wire transfer routing number (021001088) is used for both domestic and international wire transfers that process through the Fedwire system. This separation allows HSBC to efficiently manage different payment networks and ensures transactions reach their destination quickly and securely.

Which routing number should I give my employer for direct deposit?

For direct deposit setup, always use HSBC's ACH routing number: 022000020. This routing number is specifically designed for direct deposits, including payroll, Social Security payments, pension deposits, and tax refunds. Your employer will also need your complete HSBC account number, which you can find on your checks or through HSBC online banking. Never use the wire transfer routing number (021001088) for direct deposit, as it may cause delays or payment rejections.

Are wire transfers free at HSBC Bank?

Wire transfer fees at HSBC Bank USA depend on your account type. HSBC Premier and Premier Elite customers enjoy free domestic and international outgoing wire transfers when all account holders have Premier status. For other account types, HSBC does not charge fees for outgoing wire transfers, but receiving financial institutions may impose fees on incoming transfers. However, currency exchange markups apply when converting between different currencies, typically around 1-2% above the mid-market rate. Always confirm current fees with HSBC before initiating transfers.

Can I use HSBC Bank routing numbers for international transfers?

Yes, but you'll need additional information. For international wire transfers, use the wire transfer routing number (021001088) along with HSBC's SWIFT code (MRMDUS33). International wire transfers typically process within 1-5 business days and support transfers in multiple currencies. HSBC Bank USA also offers Global Money Transfers for HSBC-to-HSBC account transfers, which are often faster and may have lower fees. You can send up to $250,000 daily to over 200 countries and territories through HSBC's international payment services.

What's the difference between HSBC's routing numbers and other banks?

Unlike many regional banks that use different routing numbers for each state, HSBC Bank USA uses universal routing numbers that work nationwide. However, HSBC is unique in maintaining separate routing numbers for ACH (022000020) and wire transfers (021001088). Most banks use the same routing number for both transaction types or have state-specific numbers. This distinction is important because using the wrong HSBC routing number can cause payment delays or failures. Always verify which routing number is appropriate for your specific transaction type.