Can HSBC Close my account?

Lith

whitewing wrote: »

So the rule won't apply until you're 24. If they know you ae out of work and still opened the account then they aren't likely to close it so soon - they would have just not opened it surely.

No serious they gave me the account even tho Im not in work i was being honest to them.


all i had on me was my passport and proof of address theres no REAL reason to turn me down. my credit score is 100% aswel never owed money or had a credit card etc.

and i know people who bank with TSB/SANTANDER and a few others who are not working and NEVER worked and got the accounts fine.

whitewing

Well then, you can stop worrying about it!

Lith

whitewing wrote: »

Well then, you can stop worrying about it!

lol.. yea i think im worrying over nothing really.. :rotfl:

Toe-Jam

If you have savings with Lloyds just transfer 500 to hsbc and back to lloyds again once a month and you will have met your target. The transfer should be instant with faster payments and you can do it with online banking.

Problem solved.

hello2007

Lith wrote: »

Hi there,

after reading many threads and been a visitor here for a LONG time i finally signed up!

Right well to get to the point i need this question answered

___________________________________________



OK anyway, i recently opened a HSBC current account just a normal account with HSBC Debit card no monthly fee, and they told me you HAVE TO pay in £500 a month? but when i read the welcome pack (booklet) it says if your under 24 this doesn't apply to you? Im now 23 so Im just curious where do i stand? i also recently got 'laid off' from a job I've been in for 5 yrs... they know i don't work as well so what do they expect me to do? put in £500 a month and think happy thoughts? Im really lost here, i have all the correct documents and my new sort code and account number i do plan to put money in this account now and then like £150 or £200 here and there. so i ask will they CLOSE this current account if i DON'T pay in 500 a month i opened a week ago?

(keep in mind i don't work and they know that)

The info im talking about is this 'TAKEN FROM THE HSBC SITE'



Cheers

I have a HSBC account and I transfer money in and out to make sure that I meet the funding requirement. The money only has to be your account for a few seconds then you just transfer it out.

adindas

HSBC faster payment is very reliable. They even do it on weekend, holidays, etc ...

My observation with LLoyds TSB, if it is weekedn or Holiday they will do it instantly as well but it is dated in the following monday, working day.

hello2007 wrote: »

I have a HSBC account and I transfer money in and out to make sure that I meet the funding requirement. The money only has to be your account for a few seconds then you just transfer it out.

Toe-Jam

adindas wrote: »

HSBC faster payment is very reliable. They even do it on weekend, holidays, etc ...

My observation with LLoyds TSB, if it is weekedn or Holiday they will do it instantly as well but it is dated in the following monday, working day.

Santander is the same, if you send the money after 6pm it puts the next days date on it, looks like the money is going back in time when you look for something you did 6 months ago and can't find it cause its got the wrong date on it:mad:

rositza

Hi,

I`ve opened a Bank account in HSBS BANK today and I`m constrained, because the account manager told me, that I need to put in minimum 500.00 pounds for the first 3 month. Now I`d read that I must put in each month minimum 500.00 pounds. What is the truth?

Lith

rositza wrote: »

Hi,

I`ve opened a Bank account in HSBS BANK today and I`m constrained, because the account manager told me, that I need to put in minimum 500.00 pounds for the first 3 month. Now I`d read that I must put in each month minimum 500.00 pounds. What is the truth?

Whats ya age?

if your under 24 (im 23) this £500 Rule doesn't effect you.


And just put in 60 or 80 a month to shut them up. (keep the account busy) even putting in few pounds shows some 'activity'


im still with them, and a month has NOW PASSED, and they haven't b|tced at me (yet)

and i hope it stays like that, as i have direct debits on there and SO's now.

we will see...

(Don't worry about it, because this £500 a month thing is bull i think..) - Just HSBC doesn't want to give accounts away that easy (thats what i think)

cultural_vandal

You're absolutely spot on. HSBC mainly just say that so they can attract more money to their business.

The fact is, once you have a current account with them then you're all theirs to try and sell a whole range of other products to you. So they aren't going to close your account.

The only thing you may have to worry about if you're not paying in the minimum of £500 is if you have an overdraft with them. As HSBC overdrafts are reviewed anually, and if they can't see regular income entering the account then they will either reduce or remove that overdraft