HSBC Business for business in Canada: Not available
- Key eligibility
- Not served. HSBC sold its Canadian banking business to Royal Bank of Canada, completed in 2024, so HSBC no longer offers business accounts in Canada.
- Non resident position
- Not served. HSBC Bank Canada was acquired by Royal Bank of Canada, and its former branches now operate as RBC. Verify with the provider.
- Local currency support
- No HSBC Canada business account. Former HSBC Canada accounts moved to RBC during 2024.
- Headline monthly fee
- No HSBC Canada business account pricing, because HSBC no longer operates retail and business banking in Canada.
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Does HSBC Business serve business customers in Canada?
No. HSBC Bank Canada, which previously offered personal, business and commercial banking in Canada, was sold to Royal Bank of Canada. RBC completed the all cash acquisition on 28 March 2024, and HSBC Canada branches opened as RBC branches on 1 April 2024, with around 780,000 clients moving to RBC. HSBC no longer runs a domestic retail or business bank in Canada. As of 18 June 2026.
Eligibility for businesses in Canada
There is no HSBC business account to apply for in Canada, because HSBC sold its Canadian banking operations to RBC in 2024. Former HSBC Canada business customers were moved to RBC. A business in Canada that wants an account from a global bank with international reach would compare providers that currently operate in the market. As of 18 June 2026. Verify with the provider
What it costs locally
As of 18 June 2026, there is no HSBC Canada business account pricing, because HSBC no longer operates retail and business banking in Canada after the sale of HSBC Bank Canada to RBC. Confirm the current position with the provider. As of 18 June 2026
What local users report
Former HSBC Canada business customers report having been transitioned to RBC during 2024. Businesses in Canada that valued HSBC for international banking now compare RBC and other providers that operate cross border services in the market. As of 18 June 2026, confirm the current position with each provider before relying on it.
Questions about HSBC Business in Canada
Is HSBC Business available for business in Canada?
What happened to HSBC business accounts in Canada?
Can a business in Canada still open an HSBC account?
What can a business in Canada use instead?
Availability, fees, and eligibility change. This page was last reviewed on 18 June 2026. Confirm the current position with HSBC Business before applying.