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Current account switch - HSBC -> First Direct. Other accounts

JBoswell1
JBoswell1 Posts: 3 Newbie
in Budgeting & bank accounts
Hi everyone,

I'm due to move from HSBC to First Direct on the 29th of September. I have two accounts with HSBC - a current account and a green bank account.

The green bank account is shared with my girlfriend and we are using it to save for our first home. I am wondering what will happen to this account when my current account gets switched?

I've tried asking HSBC - but the only 'team' they have that can answer this question only works 9-6 Monday Friday. Unfortunately, so do I! So i can't get in contact with them to ask. Whenever I ring at weekends i'm hung up on by the customer service team.

Can anyone give me some guidance?

Thanks
«1

Comments

  • colsten
    colsten Posts: 17,596 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    What is a Halifax green bank account? Does it pre-req a Halifax current account?
  • ceredigion
    ceredigion Posts: 3,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic
    colsten wrote: »
    What is a Halifax green bank account? Does it pre-req a Halifax current account?



    HSBC green bank account
  • badger09
    badger09 Posts: 11,811 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    colsten wrote: »
    What is a Halifax green bank account? Does it pre-req a Halifax current account?

    HSBC

    'Green' T&C here

    http://mortgages.hsbc.co.uk/1/2/legal
  • JBoswell1
    JBoswell1 Posts: 3 Newbie
    Nope - just a standard HSBC green account, opened 12 months ago.
  • badger09
    badger09 Posts: 11,811 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    JBoswell1 wrote: »
    Hi everyone,

    I'm due to move from HSBC to First Direct on the 29th of September. I have two accounts with HSBC - a current account and a green bank account.

    The green bank account is shared with my girlfriend and we are using it to save for our first home. I am wondering what will happen to this account when my current account gets switched?

    I've tried asking HSBC - but the only 'team' they have that can answer this question only works 9-6 Monday Friday. Unfortunately, so do I! So i can't get in contact with them to ask. Whenever I ring at weekends i'm hung up on by the customer service team.

    Can anyone give me some guidance?

    Thanks

    If you are using the CASS (Current Account Switch Service) only the current account you specify on the switch agreement will be switched.

    You need to check the T&C of your Green joint account , but I doubt it is dependent on you having a separate current account with HSBC.
  • ceredigion
    ceredigion Posts: 3,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic
    the green is a strap on to a standard account.
    do you have two separate account numbers
  • JBoswell1
    JBoswell1 Posts: 3 Newbie
    Yes, the accounts have two separate account numbers.
  • colsten
    colsten Posts: 17,596 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    DOH, it seems I didn't read past the H and made it Halifax.... :o Apologies. Embarrassing.
    JBoswell1 wrote: »

    The green bank account is shared with my girlfriend and we are using it to save for our first home.
    How much interest do you get in that account?
  • colsten
    colsten Posts: 17,596 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    JBoswell1 wrote: »
    Yes, the accounts have two separate account numbers.

    A switch applies to one account only - the one you ask the bank to switch.


    As long as your 'green' account does not pre-req the account you wish to switch, it is not affected by your switch.
  • ceredigion
    ceredigion Posts: 3,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic
    With standing colsten's question which is pertinent to the discussion. You have two accounts you can switch one and retain the other
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