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  • FIRST POST
    • poshrule_uk
    • By poshrule_uk 13th Jan 18, 5:14 PM
    • 32Posts
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    poshrule_uk
    HSBC Advance Switch Offer
    • #1
    • 13th Jan 18, 5:14 PM
    HSBC Advance Switch Offer 13th Jan 18 at 5:14 PM
    I don't earn the £1,750 per month but I would be able to make up the difference to the £1,750 to meet the account requirement (I'm on £23k per year)

    In peoples experience am I likely to be rejected for the account based on salary alone?
Page 1
    • Katiehound
    • By Katiehound 13th Jan 18, 5:19 PM
    • 4,008 Posts
    • 38,252 Thanks
    Katiehound
    • #2
    • 13th Jan 18, 5:19 PM
    • #2
    • 13th Jan 18, 5:19 PM
    Who knows with their criteria??
    But I think you have a good chance.......
    Being polite and pleasant doesn't cost anything!

    If you found my posting helpful please hit the "Thanks" button!
    Many thanks

    2018 Wombling .... Entrant 8 ... £.00!
    • poshrule_uk
    • By poshrule_uk 13th Jan 18, 6:10 PM
    • 32 Posts
    • 12 Thanks
    poshrule_uk
    • #3
    • 13th Jan 18, 6:10 PM
    • #3
    • 13th Jan 18, 6:10 PM
    Declined. Worst things happen.
    • Samsung_Note2
    • By Samsung_Note2 13th Jan 18, 6:56 PM
    • 280 Posts
    • 104 Thanks
    Samsung_Note2
    • #4
    • 13th Jan 18, 6:56 PM
    • #4
    • 13th Jan 18, 6:56 PM
    Declined. Worst things happen.
    Originally posted by poshrule_uk
    On MSE switch guide Martin does give minimum amount you need to earn..and the monthly amount,suggests to me what figure you need to say you earn on application.
    If my appalling spelling offends you that much...dont read my posts.
    • 20aday
    • By 20aday 14th Jan 18, 10:36 AM
    • 2,105 Posts
    • 877 Thanks
    20aday
    • #5
    • 14th Jan 18, 10:36 AM
    • #5
    • 14th Jan 18, 10:36 AM
    Granted it's run by HSBC but First Direct currently have a switch offer at the moment:

    https://www1.firstdirect.com/1/2/banking/current-account

    You need to deposit £1,000 (further conditions apply as detailed on their website) but might be something worth considering.
    It's not your credit score that counts, it's your credit history. Any replies are my own personal opinion and not a representation of my employer.
    • savingpennies
    • By savingpennies 14th Jan 18, 11:09 AM
    • 644 Posts
    • 4,089 Thanks
    savingpennies
    • #6
    • 14th Jan 18, 11:09 AM
    • #6
    • 14th Jan 18, 11:09 AM
    I don't earn £1750 either, but I pay in £1750 every month, pay a few DD's and then have the rest transferred back to my main account. One of the easiest ways I've earned £200 this year.
    Books - the original virtual reality.

    2017 in 2017: £2198.89
    2018 in 2018: £26.51
    2018 £2 savers club:£18
    • EachPenny
    • By EachPenny 14th Jan 18, 11:40 AM
    • 3,884 Posts
    • 7,923 Thanks
    EachPenny
    • #7
    • 14th Jan 18, 11:40 AM
    • #7
    • 14th Jan 18, 11:40 AM
    On MSE switch guide Martin does give minimum amount you need to earn....
    Originally posted by Samsung_Note2
    There is no minimum earning requirement for the Advance account, the T&C's state only a minimum pay-in which can be from other sources of funding.

    However, HSBC are known for declining applications from customers, I was declined when I first applied, I suspect for no reason other than my income was less than £1750 per month.

    OP, did HSBC offer you a standard account as an alternative, or was it just an outright decline?

    If they did offer the standard account then I would be inclined to go into a branch and complain. If you have passed the credit checks and are eligible for an account then you should be eligible for the Advance account because the requirement is only to pay in a certain amount of money, not to earn that amount.

    I made it clear that I would make a formal complaint if they were declining my application based on my earnings when this was not a condition for holding the account. A meeting with the branch manager was swiftly arranged, following which my Advance account was opened - although the person doing it had to pause the application at various points and go and make long private calls to 'head office'

    Other people have reported success just by applying again a few months later.

    ....and the monthly amount,suggests to me what figure you need to say you earn on application.
    Originally posted by Samsung_Note2
    The figure you need to put on the application form is the amount you earn. Putting the figure you think you need to put in order to open the account might be classed as fraud and could cause you far more problems than the £200 bonus is worth.
    "In the future, everyone will be rich for 15 minutes"
    • Ballard
    • By Ballard 14th Jan 18, 11:59 AM
    • 1,699 Posts
    • 1,443 Thanks
    Ballard
    • #8
    • 14th Jan 18, 11:59 AM
    • #8
    • 14th Jan 18, 11:59 AM
    My income is in excess of the £1,750 per month but my first application (18 or so months ago) was declined. I applied again last November and had to arrange an appointment at my local branch.

    Again it was declined whilst I was in branch but the lady could see my salary going into my First Direct account and put a note on the application.

    A few days later it was approved and I received my £150 bonus.

    The point that I'm making is that their process of approving applications does not appear to be particularly clear cut.
    I got a letter from the government the other day. I opened it and read it. It said they were suckers.
    • Mchambers
    • By Mchambers 14th Jan 18, 12:44 PM
    • 570 Posts
    • 186 Thanks
    Mchambers
    • #9
    • 14th Jan 18, 12:44 PM
    • #9
    • 14th Jan 18, 12:44 PM
    I had a problem in 2016, when they declined my application. I reapplied last year and advised them that I was earning sufficient income to get the bonus. Worked fine as I got the money.
    • EachPenny
    • By EachPenny 14th Jan 18, 8:15 PM
    • 3,884 Posts
    • 7,923 Thanks
    EachPenny
    ...Oh your post makes more sense now,just because you cant get an account..lol
    Yes ofcourse they did...we all know bank managers will do this for everyone esp low earners...lol
    Yeah right you cant get an account so annoyed others can so start spouting nonsense...lol


    Oh grow up ffs...think its quite clear what i was referring to.!

    Maybe you should re-read what is posted by the man himself.

    Minimum monthly pay-in: £1,750 (equates to £26,100 annual salary)
    Originally posted by Samsung_Note2
    Is it really necessary to be so offensive?

    What you were referring to, if the OP takes you up on the suggestion, could result in them being accused of making a fraudulent application with the result that banking facilities may be denied in future and/or withdrawn. Banks share information such as declared earnings as part of the fraud prevention systems.

    I did read what 'the man' posted. He uses the word 'equates', not 'requires'.

    The HSBC T&C's are the definitive statement on what is required. For the Advance account no minimum income requirement is stated.
    "In the future, everyone will be rich for 15 minutes"
    • Samsung_Note2
    • By Samsung_Note2 14th Jan 18, 8:29 PM
    • 280 Posts
    • 104 Thanks
    Samsung_Note2
    Is it really necessary to be so offensive?

    What you were referring to, if the OP takes you up on the suggestion, could result in them being accused of making a fraudulent application with the result that banking facilities may be denied in future and/or withdrawn. Banks share information such as declared earnings as part of the fraud prevention systems.

    I did read what 'the man' posted. He uses the word 'equates', not 'requires'.

    The HSBC T&C's are the definitive statement on what is required. For the Advance account no minimum income requirement is stated.
    Originally posted by EachPenny
    Not going to argue the point with you..after all you demanded a meeting with branch mananger and then after long private phone calls to head office you have your account.

    Listen Walter mitty...ive better things to do with my life...
    If my appalling spelling offends you that much...dont read my posts.
    • poshrule_uk
    • By poshrule_uk 15th Jan 18, 12:47 PM
    • 32 Posts
    • 12 Thanks
    poshrule_uk
    I would never lie on an application as advised above, I work in financial services so it's not worth screwing my career up for.

    I have applied for first direct a week ago, still waiting to hear back
    • Samsung_Note2
    • By Samsung_Note2 15th Jan 18, 12:52 PM
    • 280 Posts
    • 104 Thanks
    Samsung_Note2
    First Direct seem to vary on who they approve...I was accepted for both bank and Credit card instantly, whilst others with better credit files get rejected, makes no sense.


    No suggests you should lie on application, pointless as would only be picked up on credit check. However as quoted Martin states the minimum earning if you wanted to know what your monthly salary needs to be.


    My post wasn't understood and some nugget has assumed it was trying to suggest you should lie on application.
    If my appalling spelling offends you that much...dont read my posts.
    • EachPenny
    • By EachPenny 15th Jan 18, 2:06 PM
    • 3,884 Posts
    • 7,923 Thanks
    EachPenny
    First Direct seem to vary on who they approve...I was accepted for both bank and Credit card instantly, whilst others with better credit files get rejected, makes no sense.
    Originally posted by Samsung_Note2
    Because whether your credit file is good or bad isn't the only factor considered when they decide whether or not to allow you to open an account. Having a history of good credit management suggests you are less likely to get into debt and make them a profit. Banks don't always want customers like that, some want customers who struggle with their debts, so long as they don't pose too much risk.

    No suggests you should lie on application, pointless as would only be picked up on credit check. However as quoted Martin states the minimum earning if you wanted to know what your monthly salary needs to be.

    My post wasn't understood and some nugget has assumed it was trying to suggest you should lie on application.
    Originally posted by Samsung_Note2
    A credit check wouldn't be used to confirm your salary.

    Your post can be interpreted that way. If it wasn't what you meant then all you needed to do was to clarify the point, rather than getting offensive about it (and continuing to be offensive).

    But again, there is no minimum income requirement to apply for an Advance account. You only need to be able to meet a minimum pay-in requirement. The comment attributed to Martin is misleading in suggesting otherwise.
    "In the future, everyone will be rich for 15 minutes"
    • Banksie
    • By Banksie 17th Jan 18, 11:27 AM
    • 14 Posts
    • 4 Thanks
    Banksie
    HSBC required a branch visit
    I completed an online application for an HSBC account on 8 Jan 18 to benefit from the £150 plus the £50 bonus. All went well. Approved and told they'd be in touch. Got a letter today to say I needed to go to a branch to verify my pension income. No problem with this except it's 40 miles away in Glasgow. I called the number they gave (Got the call options "press button" etc which asked me to enter account number and sort code - I had to work my way through loads of options to get a voice) and eventually spoke to a man in the Phillipines who confirmed this was necessary and would involve an interview as well as presenting the documents.

    I can't understand why HSBC offer an on-line application process for an account that requires you to register with on line banking and, insists on a branch visit! Why not just say " apply in branch only"?. I am leaving my current bank because of overseas based poor customer service so I won't be completing the application.

    Called First Direct to day and got through instantly to a lady in Yorkshire. She say they allow 3rd party verification (Countersigned copies by a professional).

    So surprised to see that HSBC are part of First Direct (or is it the other way?) Anyway I'll give First Direct a go based on feedback on customer service.
    • Samsung_Note2
    • By Samsung_Note2 17th Jan 18, 3:50 PM
    • 280 Posts
    • 104 Thanks
    Samsung_Note2
    Because whether your credit file is good or bad isn't the only factor considered when they decide whether or not to allow you to open an account. Having a history of good credit management suggests you are less likely to get into debt and make them a profit. Banks don't always want customers like that, some want customers who struggle with their debts, so long as they don't pose too much risk.


    A credit check wouldn't be used to confirm your salary.

    Your post can be interpreted that way. If it wasn't what you meant then all you needed to do was to clarify the point, rather than getting offensive about it (and continuing to be offensive).

    But again, there is no minimum income requirement to apply for an Advance account. You only need to be able to meet a minimum pay-in requirement. The comment attributed to Martin is misleading in suggesting otherwise.
    Originally posted by EachPenny

    I always understood that when credit checked your salary was known...that's why on every application I've made its been a true figure, other wise I could state I earn £100,00 when its not any where near that.

    Ok well here is Martins updated blurb...and guess what he mentions...he is suggesting what you need to earn, which is exactly what I was getting at oringinaly,if your going for the switch and paying in wages as I will be,thats the amount you need to be putting down. Or in my case its slightly more.

    The minimum pay-in is £1,750/mth - effectively a way of saying you need an annual salary of £26,100+ going in.


    My post ""On MSE switch guide Martin does give minimum amount you need to earn. And the monthly amount, suggests to me what figure you need to say you earn on application. ""

    Now do you grasp what I was getting at...if your funding the switch via wages then there's the minimum you need in black and white...but I guess trying to suggest someone is advocating lying on an application and intentionally trying to be a scum bag is much more entertaining huh.
    Last edited by Samsung_Note2; Yesterday at 3:55 PM.
    If my appalling spelling offends you that much...dont read my posts.
    • EachPenny
    • By EachPenny 17th Jan 18, 8:42 PM
    • 3,884 Posts
    • 7,923 Thanks
    EachPenny
    Ok well here is Martins updated blurb...and guess what he mentions...he is suggesting what you need to earn, which is exactly what I was getting at oringinaly,if your going for the switch and paying in wages as I will be,thats the amount you need to be putting down. Or in my case its slightly more.
    Originally posted by Samsung_Note2
    I can understand if you don't want to believe me, fair enough. Perhaps you'll accept what someone who has been around a lot longer than both of us says:-
    Hi Phil And welcome.
    It doesn't have to be from income otherwise it'd say that in the T&Cs. <snip>
    Originally posted by soulsaver
    Now do you grasp what I was getting at...if your funding the switch via wages then there's the minimum you need in black and white...
    Originally posted by Samsung_Note2
    When you made it clear in post #13 then yes. But your original post was ambiguous. You might have known what you were saying but there was more than one way of reading it, and people making the alternative suggestion is not unknown on here... there was another example today:-
    http://forums.moneysavingexpert.com/showthread.php?p=73731862#post73731862
    That one could mean draw a pretty picture on the application form, but we all know what it really means.

    ...but I guess trying to suggest someone is advocating lying on an application and intentionally trying to be a scum bag is much more entertaining huh.
    Originally posted by Samsung_Note2
    That wasn't what I was trying to do, and to be honest I think you overreacted. Internet forums are not like chatting to a mate in the pub - it is easy for things to be misinterpreted, the best thing to do is to explain what you meant and then move on. Hopefully we can do that now.
    "In the future, everyone will be rich for 15 minutes"
    • Samsung_Note2
    • By Samsung_Note2 17th Jan 18, 9:01 PM
    • 280 Posts
    • 104 Thanks
    Samsung_Note2
    I can understand if you don't want to believe me, fair enough. Perhaps you'll accept what someone who has been around a lot longer than both of us says:-



    When you made it clear in post #13 then yes. But your original post was ambiguous. You might have known what you were saying but there was more than one way of reading it, and people making the alternative suggestion is not unknown on here... there was another example today:-
    http://forums.moneysavingexpert.com/showthread.php?p=73731862#post73731862
    That one could mean draw a pretty picture on the application form, but we all know what it really means.


    That wasn't what I was trying to do, and to be honest I think you overreacted. Internet forums are not like chatting to a mate in the pub - it is easy for things to be misinterpreted, the best thing to do is to explain what you meant and then move on. Hopefully we can do that now.
    Originally posted by EachPenny
    No i often confuse myself....

    Its words on a PC screen...despite coming across its more often occasionally :eek
    If my appalling spelling offends you that much...dont read my posts.
    • Katiehound
    • By Katiehound 17th Jan 18, 10:45 PM
    • 4,008 Posts
    • 38,252 Thanks
    Katiehound
    So surprised to see that HSBC are part of First Direct (or is it the other way?) Anyway I'll give First Direct a go based on feedback on customer service.
    Originally posted by Banksie
    not sure which one is the senior partner (guessing HSBC as it's been around a long time) but HSBC, 1st Direct and M&S bank are all from the same stable.
    Being polite and pleasant doesn't cost anything!

    If you found my posting helpful please hit the "Thanks" button!
    Many thanks

    2018 Wombling .... Entrant 8 ... £.00!
    • EachPenny
    • By EachPenny 17th Jan 18, 10:51 PM
    • 3,884 Posts
    • 7,923 Thanks
    EachPenny
    No i often confuse myself....
    Originally posted by Samsung_Note2
    Happens to us all sometimes
    "In the future, everyone will be rich for 15 minutes"
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