HSBC are launching Zing for FX transfers

sausage_time

Looks to be a competitor to the likes of Wise.

https://zing.me/

Competition is good, so I have signed up for the wait list.  

PloughmansLunch

Lime-green colourway: check
Snappy 4-letter brand name: check
Trendy angular sans-serif font in caps: check

They could have at least tried to make it slightly different

pecunianonolet

Interesting but how is this different to their Global Money offering?

gt94sss2

pecunianonolet said:

Interesting but how is this different to their Global Money offering?

For one thing you don't need to be a HSBC current account customer.

Also the fee structure/partners used seems to be different

sausage_time

I signed up because I wanted an alternative to Wise (because their fees seem to be creeping up).  But looks like Zing won't necessarily work in my use case: sending US$ from my broker for transfer to my back account here.  Wise give virtual US bank details to support incoming payments, but this is not (yet) an option with Zing.

pecunianonolet

I signed up now as well just in case. No usage for it as of now as I have Wise and Revolut as well but let's see what the "Founders Perks" are and the debit card seems to be free so ordered one. No harm in having an account and see what happens, might be useful in the future. 

sausage_time

pecunianonolet said:

I signed up now as well just in case. No usage for it as of now as I have Wise and Revolut as well but let's see what the "Founders Perks" are and the debit card seems to be free so ordered one. No harm in having an account and see what happens, might be useful in the future. 

That's my conclusion too.

gt94sss2

https://www.altfi.com/article/exclusive-hsbc-s-new-fintech-app-zing-built-on-monese-s-platform

friolento

gt94sss2 said:

https://www.altfi.com/article/exclusive-hsbc-s-new-fintech-app-zing-built-on-monese-s-platform

Built on Monese platform. Is that an advantage?

friolento

Signing up was suprisingly slick, easy and fast.

I am concerned that the Euro account IBAN starts with GB. I have had endless trouble with EU banks charging for Euro transfers to IBANs starting with GB, even though they are not meant to charge. With Wise, I have a Belgian IBAN and never had any difficulties with charges.

Missing Standing Orders, too, on the Euro account, and I doubt Zing will support DDs?

friolento

It seems you cannot move your login to a different device ☹️

I signed up on the wrong phone by mistake. Now I am unable to login on the correct one. Also scuppers my usual backup for apps on my iPad, and there‘s no desktop login alternative.