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HSBC WTH is going on!

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EW MASTER
Latest post on 22 December 2014 - 12:57
I know it's like closing the door after the horse has bolted, but this was one of the reasons we kept our UK account and transfer most of our money either there or offshore. If heaven forbid this should ever happen to us we still have UK cards to get hold of ready cash. It appears that any bank can do this to you and you have no recourse Just to add, nowadays banks always look at customers accounts that aren't making them any money first and they are the first to get the chop. Makes more sense in some respects to go back to saving cash under your matress :\: edited by Geordie expat on 22/12/2014 Good advice GE, what offshore bank would you recommend that does not have horrific minimum deposit levels?
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EW MASTER
Latest post on 22 December 2014 - 12:52
Here as well Di http://www.westbriton.co.uk/Truro-man-astonished-HSBC-bank-closed-accounts/story-20253714-detail/story.html I would never have an account at this bank. Thanks, yes this is really disturbing, and as Geordie Expat says any bank can do this.
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EW MASTER
Latest post on 22 December 2014 - 12:46
I know it's like closing the door after the horse has bolted, but this was one of the reasons we kept our UK account and transfer most of our money either there or offshore. If heaven forbid this should ever happen to us we still have UK cards to get hold of ready cash. It appears that any bank can do this to you and you have no recourse Just to add, nowadays banks always look at customers accounts that aren't making them any money first and they are the first to get the chop. Makes more sense in some respects to go back to saving cash under your matress :\: <em>edited by Geordie expat on 22/12/2014</em>
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EW MASTER
Latest post on 22 December 2014 - 12:07
The sms said he could not withdraw funds now and his balance would be sent to his post box address in a cheque! That seems a very insecure way to send a bank balance to a customer. ETA Just reading a very similar story, it seems they do this at will http://www.huffingtonpost.com/brett-king/when-hsbc-closes-your-ban_b_4362504.html <em>edited by Di@DXB on 22/12/2014</em>
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EW MASTER
Latest post on 22 December 2014 - 12:02
This is dreadful, he was about to visit home for Christmas, now cannot as everything is stuck, his cards his money etc. edited by Di@DXB on 22/12/2014 I know it's Dubai we're talking about, but surely if they've closed his account and he has no debt he'll be able to get his cash from them. This sounds stranger by the minute
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EW MASTER
Latest post on 22 December 2014 - 11:58
This is dreadful, he was about to visit home for Christmas, now cannot as everything is stuck, his cards his money etc. <em>edited by Di@DXB on 22/12/2014</em>
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EW MASTER
Latest post on 22 December 2014 - 11:56
I'll be very interested to hear their excuse then.
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EW MASTER
Latest post on 22 December 2014 - 11:55
Not Yank, he's British, he is on the way to the bank now. Sounds fishy to me, although if he has never had a CC or a loan they could use that against him. Does he bank with them back in the UK? No he has no debts to them and no account with them in the UK.
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EW MASTER
Latest post on 22 December 2014 - 11:53
Not Yank, he's British, he is on the way to the bank now. Sounds fishy to me, although if he has never had a CC or a loan they could use that against him. Does he bank with them back in the UK?
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EW MASTER
Latest post on 22 December 2014 - 11:52
Not Yank, he's British, he is on the way to the bank now.
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EW MASTER
Latest post on 22 December 2014 - 11:48
What nationality is he? if Yank i have heard simililar things happening due to teh nation that should not be named ;)
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EW MASTER
Latest post on 22 December 2014 - 11:46
Even if it was premier they should have given warning not just shut it down by sms message, this is ridiculous. No I totally agree. Has he been able to contact anyone at the bank?
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EW MASTER
Latest post on 22 December 2014 - 11:44
Even if it was premier they should have given warning not just shut it down by sms message, this is ridiculous.
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EW MASTER
Latest post on 22 December 2014 - 11:43
That is very strange then. Sorry I can't help
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EW MASTER
Latest post on 22 December 2014 - 11:41
What type of HSBC account did he have as they are being very strict with their Premier Accounts. Not premier, just a regular account
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EW MASTER
Latest post on 22 December 2014 - 11:40
What type of HSBC account did he have as they are being very strict with their Premier Accounts.
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EW MASTER
Latest post on 22 December 2014 - 11:37
Just had a call from friend in Dubai saying HSBC have closed his personal account without any notice stating a Central Bank Directive issued recently for personal accounts on the basis of criteria that does not apply in his case.. This is his personal account he is fully and very gainfully employed and been with HSBC for at least 10 years without issues, no debt or loans. They have just shut his account without warning. All his money, his salary and his rent cheques go there. Does anyone know of any such directive, I cannot find anything on the Central Bank website. <em>edited by Di@DXB on 22/12/2014</em>
 
 

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