We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Switching Credit Report Question

Hello

Sorry for the silly question but I'm new to the switching business. I want to switch my HSBC Advance account to TSB 555 but I also want to keep something open with HSBC because I have been there for about 18 years. If I leave a savings account open with them or a credit card, would that be enough for my credit report to show that I'm still banking with them? I'm not sure if it looks better on my credit report to still have a HSBCcurrent account or if a credit card or savings account will be fine.

Many thanks

Comments

  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 19 October 2015 at 6:15PM
    Now you have two accounts reported by HSBC.
    If you switch your current account and keep the CC, one account will be shown as closed for the next 6(?) years, then will disappear.

    Savings accounts aren't reported.

    IMO, a longstanding current account is more important as you are often asked this specific question when applying.

    As it's advised to have at least two current accounts with different banks, consider opening a new account with HSBC, switching it for a bonus and keeping the old account.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.2K Work, Benefits & Business
  • 603.9K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.