Hsbc

planteria

if the money comes in from another account in your name you should still qualify for the account terms.

Glen_Clark

Ever heard of estimated savings income, estimated investment income

ValiantSon

Glen_Clark wrote: »

Ever heard of estimated savings income, estimated investment income

That is not what they are asking you about on bank account applications. They want to know what your salary or pension is. Estimates of other income are irrelevant because they are estimates.

Eco_Miser

ValiantSon wrote: »

That is not what they are asking you about on bank account applications. They want to know what your salary or pension is. Estimates of other income are irrelevant because they are estimates.

Estimates of future salary/pension are also estimates.
I've put my actual previous year's investment/savings income on bank applications, because otherwise I would have put zero.

Kim_13

Hi Phil

You can move money from your savings into the account. Many members here do so, since it qualifies them for a Regular Saver which pays higher interest (5%) than the one open to those with the standard current account (3%.)

Just a few points though:

The pay in can't come from an internal transfer. If your savings are with HSBC, you'd need to transfer them out via another institution and then back in through the Advance.

Most savings accounts won't let you send an external payment, so you may well need to use another current account as part of the process.

HSBC are known to be picky with who they accept so all you can do is be honest when they ask your income and transfer the minimum pay in from your savings if they do accept you.

ValiantSon

Eco_Miser wrote: »

Estimates of future salary/pension are also estimates.
I've put my actual previous year's investment/savings income on bank applications, because otherwise I would have put zero.

This is true (to an extent), but you aren't asked for an estimate of future income, rather you are asked for your current income. My point stands.