HSBC Bounce back loan

Cam21

Has anyone opened a HSBC Feeder account and actually received the Bounce Back loan?

I have 3 friends all from different businesses who have applied for the loans via HSBC (they all bank with TSB and TSB will not provide the loan to clubs or associaitons) and have been waiting almost 5 weeks for the feeder account to be opened.

lukeyhc31

Hi all, I’d just like to say I applied for the bbl through Hsbc on the 5th June, I received a email on the 12th saying please sign aggrement but echo sign, I did this Friday morning, no money in yet but noticed there is a new DD set up on my account, can anybody tell me if this is a good sign or has anybody been through something similar as me????? Thanks good luck guys👍👍

sean_jackson

lukeyhc31 said:

can anybody tell me if this is a good sign or has anybody been through something similar as me????? Thanks good luck guys👍👍

Luke, pull up a chair with a cup of tea and read the previous 35 pages, the short answer is yes, the detail is all there. I'm 5.5 weeks through the process, no sign of much light yet.

jjmummy

Hi,
I applied BBLS on 26th May, singed Echosign on 9th Jun.
Still no fund in my account. I am now worried if anything is wrong.

LGC2

we applied for a loan for our limited company, banked with HSBC for years, on 6th April, chased and chased with a 'wait as we are very busy' response, applied again on 26.5.20 - this time got an application confirmation, still nothing. Same old answer when we chase ' we are very busy blah blah blah' - frustrating!

twister24

Hello just a quick question . I did applied for the bbl but after a lot of inquiries and talks to representative also emails to CEO I’ve been assured that the matter will be addressed and fixed, so I’ve logged in into my Business account and I’ve seen a separate account with available amount which I’ve applied for but no echo sign documents as of now in my email box.
I’ve called again have been told I’ll receive the doc in few days, what do you think?

lukeyhc31

Hiya guys me again luke,, quick update I’ve checked my account just and money is in my account, so started application on the 5th June and got paid out today,, hope you guys get the results your after👍👍

oliversw17

First time posting on this thread. I applied around the 13th of last month and got an email today 

Thank you for your interest in a Feeder Account

We appreciate you’re still waiting to hear back from us and we want to thank you for your continued patience. Since the launch of the Feeder Account, we’ve worked on developing a digital journey for customers who need one. This process will allow us to serve more customers more quickly.  I have now applied via this but they have moved the goalposts and have now said there will be a credit check and fraud checks.

oliversw17

Sorry I forgot to add
I applied for a BBL for my limited company and got it within 3 days from HSBC, I think its pot luck tbh

Danrover82

Update,    finally got a Feeder set up today, reapplied for BBL and recrossed my fingers