HSBC Advance Account

northAthenian

update to say - my card & pin received today; 6 days since i completed online application. I had one friend try this eve but not accepted - i got a work colleague to try it almost at same time as them & they did have success, so still accepting & opening accounts .  

subjecttocontract

Yes I've already got an HSBC Advance Account.....did a bank switch a while back and got a couple of hundred quid.......it's not particularly impressive. They don't have any market leading products. My HSBC reg saver, which ends next month, languishes at a very poor 5%. So, unless you just need a current account or a switch there's nothing to recommend it !

wmb194

subjecttocontract said:

Yes I've already got an HSBC Advance Account.....did a bank switch a while back and got a couple of hundred quid.......it's not particularly impressive. They don't have any market leading products. My HSBC reg saver, which ends next month, languishes at a very poor 5%. So, unless you just need a current account or a switch there's nothing to recommend it !

Its relatively new Global Money Account isn't bad and its 0.25% annual fee with no buy or sell commission GIA isn't bad either. It even manages to normally credit dividends available for instant withdrawal to your current account on the day they are due. Compared to many brokers this is quite a novelty e.g, iWeb.

HalifaxCurtis

I received my card & pin, and had my account, mobile banking etc set up within 5 days of application, no issues what so ever. Pretty quick service I'd say!

One of the easiest £205's that I've earnt, that's for sure (once the other bits and bats have been ticked off, which aren't exactly back breaking either and can all be done without even getting off the sofa).

This is providing you get accepted for the account which seems the main hurdle for most. 

Steve_Andrea

catalonia13 said:

Hi, re the - Pay £1,500+ in once. does anyone know if that has to be in one go or can you make a couple of payments say £1000 and the £500 later?
thanks,
linda  

You can pay in say £100, then take it out, then repeat 14 times until you have hit the £1500 target.

Ibits4321

I applied on Saturday. Received an email today (Tuesday) asking for three months payslips. Has anyone else been asked for payslips, and if so how soon did you receive an answer after submitting them?

Lions_89

Steve_Andrea said:

catalonia13 said:

Hi, re the - Pay £1,500+ in once. does anyone know if that has to be in one go or can you make a couple of payments say £1000 and the £500 later?
thanks,
linda  

You can pay in say £100, then take it out, then repeat 14 times until you have hit the £1500 target.

This is unwise. 

Steve_Andrea

Lions_89 said:

Steve_Andrea said:

catalonia13 said:

Hi, re the - Pay £1,500+ in once. does anyone know if that has to be in one go or can you make a couple of payments say £1000 and the £500 later?
thanks,
linda  

You can pay in say £100, then take it out, then repeat 14 times until you have hit the £1500 target.

This is unwise. 

Martin Lewis himself gave the advice I’m just passing it on 

Lions_89

Steve_Andrea said:

Lions_89 said:

Steve_Andrea said:

catalonia13 said:

Hi, re the - Pay £1,500+ in once. does anyone know if that has to be in one go or can you make a couple of payments say £1000 and the £500 later?
thanks,
linda  

You can pay in say £100, then take it out, then repeat 14 times until you have hit the £1500 target.

This is unwise. 

Martin Lewis himself gave the advice I’m just passing it on 

Oh I see, well there have been a few cases on here of people getting their accounts frozen under money laundering regulations for such things. But you never get the full story so hard to say if it was just because of multiple transfers. 

HalifaxCurtis

Lions_89 said:

Steve_Andrea said:

Lions_89 said:

Steve_Andrea said:

catalonia13 said:

Hi, re the - Pay £1,500+ in once. does anyone know if that has to be in one go or can you make a couple of payments say £1000 and the £500 later?
thanks,
linda  

You can pay in say £100, then take it out, then repeat 14 times until you have hit the £1500 target.

This is unwise. 

Martin Lewis himself gave the advice I’m just passing it on 

Oh I see, well there have been a few cases on here of people getting their accounts frozen under money laundering regulations for such things. But you never get the full story so hard to say if it was just because of multiple transfers. 

That would make sense.

I think it'd be safer and much easier just to wait for payday and transfer it in, then remove most of it back out (leaving enough for those 5 essential transactions), or even doing £750 x2 etc rather than multiples of £100.