Glep vs. HSBC

HSBC's US business banking fees are set by its fee schedule and relationship, and its pages fetched on September 25, 2026 publish no free small-business checking. Glep is $0 with no monthly fee, no per-user fee, $0 same-day ACH and domestic wires, plus RTP and FedNow, and a 3% FX fee on international card transactions.

HSBC opens business accounts per entity through a banking relationship. On Glep, every LLC lives under one login with its own account, cards and records, each team member sees only the entities you give them, and every property gets a sub-account with its own account number, all free.

Yes. A card per contractor or per project, with a hard cap: the budget is the limit, the card declines past it, and every purchase lands against the project without anyone typing it in. HSBC's business cards are subject to approval and its published pages list neither a project cap nor expense policies, so bounding a crew's spend stays a manual review.

Keep your ledger; Glep feeds it. Spend arrives tagged to a property and categorized, so month-end is a review rather than a reconstruction. HSBC's published pages list no property-level tracking and no categorization, so what you can hand an accountant is an account statement and whatever record you kept beside it.

Yes, from wherever the spend is happening: receipt captured at the counter, card frozen from the site, approval given between visits. HSBC mobile covers the account and online banking entitlements, and with no expense policies listed, what it can approve is a payment rather than a purchase at the till.

No. Open a Glep account online with your US business entity and EIN, add each LLC, open sub-accounts for your properties and issue cards, starting with one property if you prefer. HSBC is worth keeping for international banking and lending, neither of which Glep replaces. Its fees run per schedule rather than at a flat monthly rate, so what the old account costs you while it sits open is worth reading off that schedule.

If your business is a set of properties held in a set of entities, Glep is built around that structure: an account per LLC, a sub-account per property, Aida tagging every transaction to the property it belongs to, and contractor cards that stop at the budget. Contractors and developers get the same structure for projects, draws and crews, and pay subs by same-day ACH or wire at $0, or by RTP or FedNow. If your business is outside real estate but runs money across several entities, projects or vendors, Glep gives you multi-entity management, entity-scoped team access, sub-accounts with unique account numbers, approval workflows and unlimited cards on the free plan, with no relationship minimum and no fee schedule to read. Start with one property or one project and move the rest on your own schedule; there is no contract and no lock-in.