Beware HSBC latest "important changes"

JWU

Just received HSBC's latest updated "important changes to personal banking terms etc etc"
Page 5 paragraph 2 - Student Bank Account - "We've changed the eligibility criteria for a student bank account such that, to open an account in the UK, you need to be 18 years old or over, be studying (or have been accepted to begin studying) a full-time qualifying course in the UK AND BE LEGALLY RESIDENT IN THE EUROPEAN UNION"

With the disastrous result on Friday and the uncertainty that Britain is NOT in the EU - this must mean that UK resident student are no longer eligible to apply for a HSBC student account as the UK will no longer be in the EU.

I'm going to advise my son about to start in year 2 to move accounts before he is forced to move

[Deleted User]

JWU wrote: »

Just received HSBC's latest updated "important changes to personal banking terms etc etc"
Page 5 paragraph 2 - Student Bank Account - "We've changed the eligibility criteria for a student bank account such that, to open an account in the UK, you need to be 18 years old or over, be studying (or have been accepted to begin studying) a full-time qualifying course in the UK AND BE LEGALLY RESIDENT IN THE EUROPEAN UNION"

With the disastrous result on Friday and the uncertainty that Britain is NOT in the EU - this must mean that UK resident student are no longer eligible to apply for a HSBC student account as the UK will no longer be in the EU.

I'm going to advise my son about to start in year 2 to move accounts before he is forced to move

What utter nonsense.

The U.K. Is still a member of the EU and will be for approximately the next 2 years.

agrinnall

I think that unless HSBC wants to get out of the UK student account market entirely then they will amend their T&Cs again before exit from the EU actually happens, although if the OP's son is on a 3 year course he'll have graduated before then anyway.