hsbc new t&c's on current accounts - HotUKDeals
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hsbc new t&c's on current accounts

worto03 Avatar
8y, 1m agoPosted 8 years, 1 month ago
Hi,

I've just got a letter from hsbc saying that due to me being with them for 18 years they are upgrading me to a new account where the main change seems to be that I'll get no interest at all on it!?!

It's only my current account and runs to 0 each month with anything left being moved into an ISA anyway so I'm only looking at a few pence a year but it's a bit harsh innit!

My GF & her mom have had the same letters just with a diferent length of service mailshotted into the first paragraph.

worto.
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worto03 Avatar
8y, 1m agoPosted 8 years, 1 month ago
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#1
times are hard I guess when profits dip....:-)
#2
what a/c have they given you is it just the bankc account or an advance account? cause you get benefits with the advance for free.
#3
Sounds More Like A Downgrade
#4
lol

yeah as I get over £500 a month paid in it's the advanced account apparently - I didn't really see any benefits on the letter just a load of fluff really.

Are any of the benefits any good?

worto.
#5
these are the main ones:-
Overdraft facility with a current rate of 19.9% EAR variable (Cashback – get up to £50 cash back at various UK outlets when you pay with your Free HSBC Debit Card
8% AER Regular Saver
Identity Theft Assistance including one free on-line credit report per year
Mobile Banking
#6
hummmm sounds a bit **** to me.

I already have an overdraft of £750 which I've not used for a couple of years now but it's there if I want it.

I'll have to have a look at the cashback I use a 1% cashback credit card at the mo so maybe it's better than that for certain retailers.

Identity Theft Assistance including one free on-line credit report per year - OK something that I hope I'll never need but may come in handy - don't they already offer this sort of thing though.

Mobile banking - lol on my phone - can't see that working very well.

heh - thanks for the info though - I'm just stuck at work still & thought I'd have a moan to see if anyone else had got the same letters.
#7
if your looking for good credit interest then plus account is great you get 6% for the first year. i think you do still get credit interst on the advance i hadnt heard that you dont get ne at all
#8
lol sounds like its to everyone, got that letter this morning..

Hang on so they getting rid of free overdraft had that for years :O

also wheres the detials on the cashback cant see any online or in the pack
#9
I got a letter from HSBC and them changing terms, which i did not read, i also got another letter which is usual for me today. i dont mind no interest
#10
Sign up for a current account with Alliance and Leicester through quidco
you get £50 quidco plus 6.5% interest for 12 months. A&L also match your
current ( interest FREE )overdraft plus other benifits......After the 12 months change it for their different
current account
with less interest but FREE travel insurance
( This is what I did anyway, needed the travel insurance as I was going away
worked out perfect )
#11
yeah I think I'll do some swapping around now - all of my bills go out of my joint account so I can have my salary paid in anywhere without any hastle as long as I keep my joint account with hsbc.

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