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HSBC cut cheque guarantee card limits.

Comments

  • Inactive
    Inactive Posts: 14,509 Forumite
    This is the usual pack of lies from our bankers.

    " About 300,000 customers have a £250 guarantee limit on their cards, which is now being reduced to the standard £100 limit for most other customers.

    HSBC said it wanted to cut losses from cheque fraud and to discourage people from spending money they did not have.     "

    Only trustworthy customers of HSBC were ever given the £250 CGC in the first place.

    What HSBC actually mean is that they are changing over to Visa from Maestro and Visa ( as far as I am aware ) do not supply £250 CGC's.
  • cifpower
    cifpower Posts: 6,502 Forumite
    debit card payments up to £250 will still be guaranteed.

    what does this mean?
  • Extant
    Extant Posts: 2,140 Forumite
    Inactive wrote: »
    What HSBC actually mean is that they are changing over to Visa from Maestro and Visa ( as far as I am aware ) do not supply £250 CGC's.

    Neither Visa nor Mastercard are responsible for issuing cheque guarantees; the scheme is run by APACS and is "standard" (hence the William Shakespeare logo on both cards).
    What would William Shatner do?
  • Extant
    Extant Posts: 2,140 Forumite
    cifpower wrote: »
    debit card payments up to £250 will still be guaranteed.

    what does this mean?

    Nothing, really - error, most likely. They might mean be mistakenly referring to a floor limit, or trying to assure readers the change will not alter their debit card usage.
    What would William Shatner do?
  • rb10
    rb10 Posts: 6,334 Forumite
    Well as the cheque guarantee scheme is (apparently) going to be axed completely within the next few years, people can't complain much.
  • Inactive
    Inactive Posts: 14,509 Forumite
    BarclaysManager wrote: »
    Neither Visa nor Mastercard are responsible for issuing cheque guarantees; the scheme is run by APACS and is "standard" (hence the William Shakespeare logo on both cards).

    That may well be correct, but the fact remains, no UK bank that issues Visa Cards offers a £250 CGC as far as I know, by all means correct me if I'm wrong.
  • Extant
    Extant Posts: 2,140 Forumite
    Inactive wrote: »
    That may well be correct, but the fact remains, no UK bank that issues Visa Cards offers a £250 CGC as far as I know, by all means correct me if I'm wrong.

    Barclays do.
    What would William Shatner do?
  • Inactive
    Inactive Posts: 14,509 Forumite
    BarclaysManager wrote: »
    Barclays do.

    Fair enough, Thanks.. ;)

    Just that I have never seen one.
This discussion has been closed.
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