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Beware HSBC latest "important changes"

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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

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  • [Deleted User]
    [Deleted User] Posts: 4,176 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    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
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    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.
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