HSBC Bounce back loan

yngperspect

After 3 months, I was approved for the HSBC feeder account on 11 August. I applied for the BBL straight away and received an automated acknowledgment with BBL reference etc.  Nothing since.... is this normal? 

Annie21010

Is it normal to wait so long after receiving email ? 

Victory2020

Yes, it's normal. It only took me 3 weeks to get my business account, I applied July 21st and got it on the 14th of August, I applied for BBL straight away and still waiting. Keep the faith😎🤞

Achar87

jackroit said:

Hi, all I have waited 2 months for the Eco Sign documents, called many times, but they asked me to wait and wait, 
I have sent an email to Complaint team and cc the Ceo, and got the documents next day, signed it and money was in account in 2 hours! 

Hi who did you email?? Can you send me it please my husband applied in May and they just keep saying to wait! 

Victory2020

Achar87 said:

jackroit said:

Hi, all I have waited 2 months for the Eco Sign documents, called many times, but they asked me to wait and wait, 
I have sent an email to Complaint team and cc the Ceo, and got the documents next day, signed it and money was in account in 2 hours! 

Hi who did you email?? Can you send me it please my husband applied in May and they just keep saying to wait! 

Perhaps this is me 1 month down the line😎🤞

Annie21010

Hey when you say you got business account was that a feeder Account? 
And when you applied for BBL after getting feeder account did you just get a confirmation email back ? What happened after that ? 
Thanks x

Victory2020

Annie21010 said:

Hey when you say you got business account was that a feeder Account? 
And when you applied for BBL after getting feeder account did you just get a confirmation email back ? What happened after that ? 
Thanks x

I was referring to actual Business Account, not Feeder Account, as I didn't bother with Feeder Account at that point, considering all the reviews I've been reading about. Instead I opted for the Business Account and everything got processed in 3 weeks. 

Once I applied for the BBL, I got a confirmation email with a PDF attachment of my application reference and that's exactly 3 weeks ago, and thus far, I've heard nothing  back from HSBC, and no idea how long I'll be waiting. With that being  said, I'm keeping my hope high and my fingers tightly crossed 😎🤞

moops1313

Hi all, i opened a feeder account amd that was the account number on the echo form thing, does anyone know if the funds go into that account? If so how do i access them?? Tia xx

Victory2020

moops1313 said:

Hi all, i opened a feeder account amd that was the account number on the echo form thing, does anyone know if the funds go into that account? If so how do i access them?? Tia xx

Yes, Tia, the money will go into the feeder account and you can access the feeder account via the account number and the sort code provided. I believe HSBC would have sent you your card and the device needed to access your account. The feeder account is only meant for 2 purposes: for the loan to be paid in and for you to transfer the money to your chosen account. 

moops1313

Victory2020 said:

moops1313 said:

Hi all, i opened a feeder account amd that was the account number on the echo form thing, does anyone know if the funds go into that account? If so how do i access them?? Tia xx

Yes, Tia, the money will go into the feeder account and you can access the feeder account via the account number and the sort code provided. I believe HSBC would have sent you your card and the device needed to access your account. The feeder account is only meant for 2 purposes: for the loan to be paid in and for you to transfer the money to your chosen account. 

I havent recieved anything for the feeder account except the account number and sort code so i have no idea how to check if its there or how to transfer it