HSBC Bounce back loan

markohall

I applied on the 4th, didn’t even anything, not even confirmation email. 

I was told to re-apply last week which I did on the 13th, received confirmation email however nothing since. 

Bally007

I applied on the 4th with a business account that I've had for over 10 years and am still waiting....applied again yesterday after being told  that it wouldn't hurt....so it's a waiting game I guess. 

PS if I was more cynical I would think HSBC are prioritising people who need feeder accounts over people who have business accounts to grow their business. 

cri79pop

SteveCat said:

Looks like mine will trump everyone on this thread... I applied on the 6th (Two weeks tomorrow) initially got a reference number, no confirmation email, and have heard nothing since. That's 2 whole weeks tomorrow! Absolutely shocking from HSBC!
Does anyone think I should re-apply? (Has the application got lost) or Could I apply through another Bank? TSB who I also Bank with are offering the BBL, can I apply with another Bank? Would love some help please as I have no idea where to go with this now

same question i have. it is posible to apply to other banks?

cri79pop

cri79pop said:

SteveCat said:

Looks like mine will trump everyone on this thread... I applied on the 6th (Two weeks tomorrow) initially got a reference number, no confirmation email, and have heard nothing since. That's 2 whole weeks tomorrow! Absolutely shocking from HSBC!
Does anyone think I should re-apply? (Has the application got lost) or Could I apply through another Bank? TSB who I also Bank with are offering the BBL, can I apply with another Bank? Would love some help please as I have no idea where to go with this now

same question i have. it is posible to re-apply to other banks?

cri79pop said:

SteveCat said:

Looks like mine will trump everyone on this thread... I applied on the 6th (Two weeks tomorrow) initially got a reference number, no confirmation email, and have heard nothing since. That's 2 whole weeks tomorrow! Absolutely shocking from HSBC!
Does anyone think I should re-apply? (Has the application got lost) or Could I apply through another Bank? TSB who I also Bank with are offering the BBL, can I apply with another Bank? Would love some help please as I have no idea where to go with this now

same question i have. it is posible to apply to other banks?

markohall

Bally007 The feeder accounts are just a myth at the minute, to my knowledge there hasn’t been one feeder account created to date and I’m on a lot of social media sites regarding BBL’s so can see what’s going on. 

I do not understand the logic of the approvals though as I’m a HSBC business account holder also for over 7 years and I see people have applied on the 15th, received the docs on the 16th and paid out on the 17th so logically it’s all wrong. Not sure if they are approving lower amounts requested over larger. I applied for £18k so see what happens.

Keep me posted how you get on. 

Bally007

markohall  So they're just really disorganised then...good to know! 

al202020

So I applied on Wednesday 6th May, I have an HSBC personal account.
Heard nothing until Friday 15th May when the echosign email arrived and was completed successfully.
No money yet (19th) but when I look on the HSBC app at my list of direct debits there is a new one for this loan.
Also I assume, though I'm not sure, that a transaction will appear in "PENDING" the day before the money is credited?
Anyone know if this is the case?
Good Luck everyone.

SRB1609

per previous post, I have just checked and yes a new DDM has been set up on my account! So I assume I am approved?

LockdownUK

I appplied on the 4th the first time, then again on the 11th of May. On the 13th I received an email containing the agreement (confirming that I had been approved)  Signed it straightaway and nearly a week later (19th) I still haven't received the funds, nor heard anything from HSBC again. Just checked and there are no new DDs. Has anyone else experienced the same i.e., sign the agreement and waited 6 days or more for the funds?

al202020

SRB1609 said:

per previous post, I have just checked and yes a new DDM has been set up on my account! So I assume I am approved?

You would hope and assume so but can you ever be 100% certain?