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HSBC rage!!! New bank suggestions please.

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  • HSBC are very strict in what lending they take on. It does state you need a regular monthly income of at least £500 to have a credit card. Also you may have been a customer for '16 years' but they have also serviced you for 16 years! Many people often forget this in customer service. Whilst you may think paying in all this money makes you a valued customer. It doesn't.
  • Lith
    Lith Posts: 897 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    HSBC are very strict in what lending they take on. It does state you need a regular monthly income of at least £500 to have a credit card. Also you may have been a customer for '16 years' but they have also serviced you for 16 years! Many people often forget this in customer service. Whilst you may think paying in all this money makes you a valued customer. It doesn't.

    I find that odd as well,


    I don't have a 'monthly' thing in my HSBC account i chuck cash in when I see fit, but I wanted a credit card with them.

    so what i did was transfer 500 in the account for 3 months, transferred it back to my main bank,

    - phoned up talked for 10 min got a credit card (because it shows on there system I've paid in 500+ each month for the first 3 months.


    (this was recent) and i was shocked that i got accepted....
    HSBC (Main A/C)
    Halifax Back up A/C
    Lloyds (Spending) A/C
    RBS Back up A/C
    Barclays Old A/C
    Nationwide Old A/C
  • GlamGirlie
    GlamGirlie Posts: 432 Forumite
    Debt-free and Proud!
    rb10 wrote: »
    This bit isn't actually true - there are many other banks that are better capitalised than HSBC.



    Err, actually there isn't!!
    I am employed as a manager in a financial services institution. My views are entirely my own.
  • innovate
    innovate Posts: 16,217 Forumite
    10,000 Posts Combo Breaker
    GlamGirlie wrote: »
    Err, actually there isn't!!

    And they top all other banks when it comes to money laundering.

    What more would you want from a bank.
  • meer53
    meer53 Posts: 10,217 Forumite
    Tenth Anniversary 10,000 Posts Combo Breaker
    It sounds as though the OP is self employed, another risk factor that banks don't like.
  • rb10
    rb10 Posts: 6,334 Forumite
    GlamGirlie wrote: »
    Err, actually there isn't!!

    HSBC are not the "best capitalised on the high street".

    Have they been telling their staff differently then?!

    Core Tier 1 ratios:

    Coventry Building Society - 22.8%
    Yorkshire Building Society - 12.9%
    Nationwide - 12.5%
    Santander UK - 11.4%
    Lloyds Banking Group - 11.3%
    HSBC - 11.3%
    RBS - 11.1%
    Barclays - 11.0%
    Clydesdale Bank - 10.3%
    Co-op - 9.6%

    So yes, they are well capitalised, and in excess of the current minimum requirements. But they are by no means best on the high street.

    (In case you don't know what a Core Tier 1 ratio is, a high % = good.)
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    edited 8 August 2012 at 8:39PM
    GlamGirlie wrote: »
    Err, actually there isn't!!
    If you're going to make a sweeping statement, it's usually best to back it up with facts.

    rb10 demonstrates strength in that area.
    HSBC - 11.3%
    That's a sharp increase. It was down towards 10% at the end of 2011.
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