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  • FIRST POST
    • TuppenceHapenny
    • By TuppenceHapenny 21st Sep 16, 9:53 PM
    • 1Posts
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    TuppenceHapenny
    Applying for HSBC Advance account when on a low income.
    • #1
    • 21st Sep 16, 9:53 PM
    Applying for HSBC Advance account when on a low income. 21st Sep 16 at 9:53 PM
    I would like to apply for the HSBC Advance account but am unemployed and on a low income. I can meet the £1,750 per month pay-in requirement by regularly transferring money from another account (with a different bank). If I apply will I have to declare my unemployed status and/ or level of income and if so are they likely to reject my application?

    Would it do any good to apply via a branch instead of over the Internet so that I can discuss with staff at the time of applying and show them evidence of my ability to meet the £1,750 per month pay-in requirement? If I apply and am rejected, could the rejection affect my ability to open current accounts with other banks (e.g. because the rejection shows on my credit record)?
Page 1
    • jonesMUFCforever
    • By jonesMUFCforever 21st Sep 16, 11:12 PM
    • 22,927 Posts
    • 10,347 Thanks
    jonesMUFCforever
    • #2
    • 21st Sep 16, 11:12 PM
    • #2
    • 21st Sep 16, 11:12 PM
    You can apply(should not make any difference which method you use)and see what they say.
    One rejection will not make much difference to your credit report.
    What goes around - comes around
    give lots and you will always receive lots
    • badger09
    • By badger09 22nd Sep 16, 12:19 PM
    • 4,086 Posts
    • 3,319 Thanks
    badger09
    • #3
    • 22nd Sep 16, 12:19 PM
    • #3
    • 22nd Sep 16, 12:19 PM
    I'm sure you will have to declare your employment status and income during the application - just as with every other current account.

    Be aware though that HSBC (& FD) are notoriously choosy.

    Nothing lost if you apply and are rejected - and don't take it personally
    • alternate
    • By alternate 22nd Sep 16, 1:16 PM
    • 401 Posts
    • 136 Thanks
    alternate
    • #4
    • 22nd Sep 16, 1:16 PM
    • #4
    • 22nd Sep 16, 1:16 PM
    They are looking for a specific demographic for that account, you are not it, they provide other accounts for your circumstances.
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