Is HSBC A Good Bank In Canada?

Which is the safest bank in Canada?

RBC had the best efficiency rating of the three Canuck banks on the list, and has a new CEO and sizeable cash pile to go with its title of the country’s most profitable bank..

What is the number 1 bank in Canada?

1. Royal Bank of Canada. The Royal Bank of Canada is the largest of the Big Five with respect to net revenue (C$12.431 billion in 2018) and capitalization (C$150.35 billion as of early 2020). The Royal Bank of Canada has over 16 million clients worldwide, over 74,000 full-time employees and over 1,300 branches.

Which bank is the best in Canada?

Best best banks in CanadaScotiabank — Best big bank.Tangerine — Best for no-fee banking.EQ Bank — Best for everyday savings.PC Financial — Honourable mention.

Is HSBC a good bank?

Overall bank rating The brick-and-mortar division of HSBC has low-rate accounts with fees that require some customer effort to waive, while HSBC Direct offers no-fee checking and high-yield savings accounts that must be opened online. It also has a few online CDs, though rates aren’t as impressive.