Can I do this?

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  • ceredigion
    ceredigion Posts: 3,709 Forumite
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    HPLCEngineer wrote: »
    How many business days does it take to set up a standing order?

    The HSBC switch bonus ends on 25th March.

    Thanks
    20 to 30 seconds if you get on with it
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    HPLCEngineer wrote: »
    How many business days does it take to set up a standing order?
    If you set one up today it'll give you an earliest date of tomorrow, or at worst, Tuesday. In short, plenty of time.
  • John-K_3
    John-K_3 Posts: 681 Forumite
    Mchambers wrote: »
    OP...Very easy to. I have done it loads of times. N/wide is good for creating current accounts.

    For HSBC, just be creative with you application and you will be fine.

    OP. Do this and get caught and you will quite rightly be frozen out of the mainstream financial system indefinitely. Be honest, and see what happens.
  • ValiantSon
    ValiantSon Posts: 2,586 Forumite
    HPLCEngineer wrote: »
    How many business days does it take to set up a standing order?

    The HSBC switch bonus ends on 25th March.

    Thanks

    As others have said, it takes seconds to set it up, and you can have them pay out the next working day, so you still have plenty of time if you open that second account now and set the standing orders up. It could be all good to go by Monday or Tuesday.
  • System
    System Posts: 178,092 Community Admin
    Photogenic Name Dropper First Post
    ValiantSon wrote: »
    First Direct is a subsidiary of HSBC, but it is run as a separate bank. They do share the FSCS guarantee, but that is not relevant.

    First Direct IS HSBC Bank - it's not a subsidiary.

    Any T&Cs don't need to make specific reference to it - any reference to HSBC Bank automatically include First Direct.
  • ValiantSon
    ValiantSon Posts: 2,586 Forumite
    Heng_Leng wrote: »
    First Direct IS HSBC Bank - it's not a subsidiary.

    Not correct. First Direct is a division of HSBC Bank Plc and it operates as an independent business with its own CEO.
    Heng_Leng wrote: »
    Any T&Cs don't need to make specific reference to it - any reference to HSBC Bank automatically include First Direct.

    And yet they actually make a point of that distinction within their terms and conditions!
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
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    ValiantSon wrote: »
    No bank gives a reason for refusing an application.

    HSBC may be notorious but lots of people still manage to open an account with them (myself included). I suspect that their notoriety comes from the fact that a number of the people posting on these boards are not the kind of customers that they are looking for with the Advance account. The account is aimed at higher income earners.

    If a shop offered a product at £200 off and you went through its door they said "bur not for you" there would be an outcry. It would probably be illegal. HSBC have terms and conditions for this account, if you fill that criteria then they should not be allowed to turn you down, its discrimination, simple as. If the offer just added the caveat that if you do not meet the terms & conditions once the account is opened then you will not receive the bonus then fine, that's easy enough to understand. HSBC are just cherry picking and there advert of switch to us, meet the criteria and get £200 is fraudulent. In my opinion if you're turned down for anything then a reason should be forthcoming, otherwise how do you know you're not being discriminated against through colour, gender, age, etc? (all illegal by the way)
  • tenchy
    tenchy Posts: 486 Forumite
    First Post First Anniversary
    ValiantSon wrote: »
    OP, do not follow this dreadful advice. Doing so would be fraudulent. Fraud by misrepresentation carries a tariff of up to 10 years imprisonment and you could end up with a Cifas marker, which would prevent you from accessing nearly every financial product for the rest of your life. Make an honest application; if you are not successful then just accept it and consider an alternative.

    Mchambers routinely advises people to break the law by committing fraud on account applications and to demand compensation when there is no valid reason. Most experienced users of this forum tend to ignore his comments.


    Not true. Cifas records are time-limited; five or six years - can't remember which.
  • mgdavid
    mgdavid Posts: 6,705 Forumite
    First Anniversary Name Dropper First Post
    Deleted_User wrote: »
    If a shop offered a product at £200 off and you went through its door they said "bur not for you" there would be an outcry. It would probably be illegal. HSBC have terms and conditions for this account, if you fill that criteria then they should not be allowed to turn you down, its discrimination, simple as. If the offer just added the caveat that if you do not meet the terms & conditions once the account is opened then you will not receive the bonus then fine, that's easy enough to understand. HSBC are just cherry picking and there advert of switch to us, meet the criteria and get £200 is fraudulent. In my opinion if you're turned down for anything then a reason should be forthcoming, otherwise how do you know you're not being discriminated against through colour, gender, age, etc? (all illegal by the way)


    Completely disagree: I would defend to the bitter end any business's right to choose who they do business with, unless it was one of the few situations specifically in the discrimination legislation (colour, race, gender, age, as you mention).
    It is not illegal to choose not to serve people wearing trainers, or people wearing hats, or people that don't say please, or people that don't speak the country's native language etc etc.
    Or people that claim an unjustified entitlement, for that matter.
    The questions that get the best answers are the questions that give most detail....
  • tenchy
    tenchy Posts: 486 Forumite
    First Post First Anniversary
    mgdavid wrote: »
    Completely disagree: I would defend to the bitter end any business's right to choose who they do business with, unless it was one of the few situations specifically in the discrimination legislation (colour, race, gender, age, as you mention).
    It is not illegal to choose not to serve people wearing trainers, or people wearing hats, or people that don't say please, or people that don't speak the country's native language etc etc.
    Or people that claim an unjustified entitlement, for that matter.


    But this is missing the point made by Marvo. If the bank doesn't give a reason for rejection then for all anyone knows it might be illegal discrimination. There's a clear need for legislation or regulation here. If a bank rejects a potential customer they should be obliged to give the reason. In fact, I'd go further and suggest that, like utility companies, for certain types of (basic) account the banks should not be able to turn anyone away or close the account.
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