Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. 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!

hsbc bought instead of sold

I recently sold some shares linked to my hsbc invest direct account.

I called hsbc and placed the sell order worth about £250. I checked my online account the following day which stated that a buy order was executed successfully.

Therefore I called hsbc back. The chap I spoke to said that it was clear that I placed a sell order (after listening to the previous recorded call) and apologised. He removed the shares bought and sold the shares I had as previously requested. My account now looks correct.

He suggested making a complaint via the online facility. The mistake has not really costed me anything - except waiting 48 minutes to get through the second time on an 0345 number. Is it worth making a complaint? What could I expect as an outcome?

Comments

  • cells
    cells Posts: 5,246 Forumite
    Leave it be imo
  • They are desperate everybody wants to sell and they are sneaky swapping sell orders for buy orders and trying to get away with it
  • I'd say leave it. And for this kind of transaction, use the online system to sell in future to avoid human errors .
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    happylucky wrote: »
    I'd say leave it. And for this kind of transaction, use the online system to sell in future to avoid human errors .

    Probably better to use this system to avoid your own human errors!:)
  • purch
    purch Posts: 9,865 Forumite
    Garethgrew wrote: »
    They are desperate everybody wants to sell and they are sneaky swapping sell orders for buy orders and trying to get away with it

    Looks like you've sussed it. :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • w00519772
    w00519772 Posts: 1,297 Forumite
    I had a call from HSBC out of the blue today and they offered me £80 compensation. I said £100 would be nicer and they said: "We can easily agree to that". Makes me think I should of asked for more?

    At the moment I am thinking £100 is a fair deal. I said I would think about it as I did not want to agree to something in haste (I was not expecting the call).
  • MPD
    MPD Posts: 261 Forumite
    Part of the Furniture 100 Posts
    Sounds great, let's hope they don't accidentally debit £100 instead of crediting it.
    After years of disappointment with get-rich-quick schemes, I know I'm gonna get rich with this scheme...and quick! - Homer Simpson
  • w00519772
    w00519772 Posts: 1,297 Forumite
    I received a letter from HSBC last Thursday with the Ombudsmans' number on it. I was not expecting any compensation so I am pleased with this result.

    However, just to make sure I am in fact getting a fair deal. Please see this link: http://www.financial-ombudsman.org.uk/publications/technical_notes/distress-and-inconvenience-case-studies.html. I am obviously at the low end of the "moderate" category. Is this compensation reasonable in your opinion?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Compensation awarded will be relative to the financial loss incurred.
  • Hi,

    your sell order was worth about £250.

    You say you didn't lose out on the delay.

    They are giving you £100.

    That's 40% tax free profit.

    Sounds good to me, where else would you have got that if deal had gone through promptly?
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
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K 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.