HSBC Online Savings Account
Sep 24th 2002, 8:47 pm
#16
Forum Regular
Thread Starter
Joined: Mar 2002
Posts: 208
Re: HSBC Online Savings Account
'I sent the completed forms to Sydney and received notifcation via email
of the account number just over week later.'
Mark, did you send it 'freepost' or did you put stamps on it when you sent it to Sydney ?
of the account number just over week later.'
Mark, did you send it 'freepost' or did you put stamps on it when you sent it to Sydney ?
Sep 25th 2002, 10:15 am
#17
Guest
Posts: n/a
Re: HSBC Online Savings Account
> Mark, did you send it 'freepost' or did you put stamps on it when you
> sent it to Sydney ?
UK stamps.
Like I said, it was not much over a week from posting the forms to
getting an email with an account number.
I've not yet paid any money in to it, so I can't comment on how long
it takes them to send a cash card out, assuming they don't send one
until money has been paid in.
The email said I have 6 months to pay in otherwise they'll deactivate
the account.
> sent it to Sydney ?
UK stamps.
Like I said, it was not much over a week from posting the forms to
getting an email with an account number.
I've not yet paid any money in to it, so I can't comment on how long
it takes them to send a cash card out, assuming they don't send one
until money has been paid in.
The email said I have 6 months to pay in otherwise they'll deactivate
the account.
Sep 25th 2002, 11:22 am
#18
Guest
Posts: n/a
Re: HSBC Online Savings Account
In Mark wrote:
>> Mark, did you send it 'freepost' or did you put stamps on it when you
>> sent it to Sydney ?
> UK stamps.
> Like I said, it was not much over a week from posting the forms to
> getting an email with an account number.
> I've not yet paid any money in to it, so I can't comment on how long
> it takes them to send a cash card out, assuming they don't send one
> until money has been paid in.
I just picked up my ATM card at the local HSBC branch. It's been sitting
there since Sept 2nd, which by my calculations means it was sent before
money reached the account. Nobody told me the card was at the local
branch, the assistant just happened to reckognise my name when I asked
to transfer some money.
For the record they gave me $2.833/£ at 11:05 this morning, which works
out at about $0.03/£ in commission/handling fee. Currency traders can
reduce this to 1.5-2c from my experience. I did the HSBC transfer this
morning to test how smooth things work.
If you have a lot of money to transfer and feel OK with the risk of
using a currency trader, or need to buy on a forward contract then
you do get a better deal than using the bank.. you can save ~£300-£500 per
£100,000 exchanged.
Personally I find the currency trader route less hassle (once you have
an account), becuase it means I choose when to buy the $s based on
monitoring the realtime prices, rather than taking a gamble that the
rate will be ok when I finally sit down with a bank rep.
>> Mark, did you send it 'freepost' or did you put stamps on it when you
>> sent it to Sydney ?
> UK stamps.
> Like I said, it was not much over a week from posting the forms to
> getting an email with an account number.
> I've not yet paid any money in to it, so I can't comment on how long
> it takes them to send a cash card out, assuming they don't send one
> until money has been paid in.
I just picked up my ATM card at the local HSBC branch. It's been sitting
there since Sept 2nd, which by my calculations means it was sent before
money reached the account. Nobody told me the card was at the local
branch, the assistant just happened to reckognise my name when I asked
to transfer some money.
For the record they gave me $2.833/£ at 11:05 this morning, which works
out at about $0.03/£ in commission/handling fee. Currency traders can
reduce this to 1.5-2c from my experience. I did the HSBC transfer this
morning to test how smooth things work.
If you have a lot of money to transfer and feel OK with the risk of
using a currency trader, or need to buy on a forward contract then
you do get a better deal than using the bank.. you can save ~£300-£500 per
£100,000 exchanged.
Personally I find the currency trader route less hassle (once you have
an account), becuase it means I choose when to buy the $s based on
monitoring the realtime prices, rather than taking a gamble that the
rate will be ok when I finally sit down with a bank rep.
Sep 27th 2002, 7:54 am
#19
Forum Regular
Joined: Sep 2002
Posts: 34
Re: HSBC Online Savings Account
Hi,
Just got off the phone with HSBC's UK international Business Centre.
This is the deal with the OZ HSBC online account.
The easiest way to do this is as follows.
1) Goto your local HSBC and request the forms to set up the account.
2) when they arrive with you, arrange a meeting with your account manager or someone at the bank.
3) they will then fill out the forms with you, with the help of the international Business Centre.
At present the S21 form (previously used for referee's) is now defunct (has been for about a week and a half ago) the whole process should take about 4 weeks.
Any doubts about any of this ring HSBC for the international business centre's number. they are really helpful.
If HSBC won't give you the number (no reason why the shouldn't) send me a mail and I will post it on.
Hopefully this will put this one to bed!!!!
Cheers
SY
Just got off the phone with HSBC's UK international Business Centre.
This is the deal with the OZ HSBC online account.
The easiest way to do this is as follows.
1) Goto your local HSBC and request the forms to set up the account.
2) when they arrive with you, arrange a meeting with your account manager or someone at the bank.
3) they will then fill out the forms with you, with the help of the international Business Centre.
At present the S21 form (previously used for referee's) is now defunct (has been for about a week and a half ago) the whole process should take about 4 weeks.
Any doubts about any of this ring HSBC for the international business centre's number. they are really helpful.
If HSBC won't give you the number (no reason why the shouldn't) send me a mail and I will post it on.
Hopefully this will put this one to bed!!!!
Cheers
SY
Sep 27th 2002, 2:41 pm
#20
Guest
Posts: n/a
Re: HSBC Online Savings Account
In syropes wrote:
> Hi,
> Just got off the phone with HSBC's UK international Business Centre.
> This is the deal with the OZ HSBC online account.
> The easiest way to do this is as follows.
let us know how you get on because there's been a difference
in the past between what sales/help say is policy and what
rules the application processing departments enforce.
> Hi,
> Just got off the phone with HSBC's UK international Business Centre.
> This is the deal with the OZ HSBC online account.
> The easiest way to do this is as follows.
let us know how you get on because there's been a difference
in the past between what sales/help say is policy and what
rules the application processing departments enforce.
Oct 14th 2002, 7:12 am
#21
Forum Regular
Joined: Sep 2002
Posts: 34
Re: HSBC Online Savings Account
Hi,
Update on what has happened so far.
Firstly, the s21 form that was needed to be filled out by a referee. Forget that, it's now defunct!! has been for about a month!
You need the new 100 points form. You can get this from the HSBC in OZ or the UK. But be warned as nobody at the high street branches in the UK has heard of it (don't know about OZ) you will have a job getting it.
I have an electronic copy, so if any body wants it, let me know and I will send it to them in an e-mail (unless this somewhere I can FTP it or something!)
So the bottom line is a) Do the online app on www.hsbc.com.au.
b) contact the HSBC international centre in the UK (your local branch should have the number) and get one of the 100 points forms.
c) Walk into any highstreet branch armed with passport, driving licence and credit card (or other pice of ID eg utility bill)
d) explain what you want to do, and tell the bank clerk to ring the international business dept. They should then direct the clerk through the form.
IT took me about 15-20mins from stepping into the bank! so it's not too bad!
Now I have been a customer of HSBC for about 12 years I don't know what the deal is if you are not. (sorry!)
If anybody wants the international business centre number, let me know.
I would put it up here but I don't know if would be a good thing to do or not.
Hopefully this should get things sorted!
Hope this helps, been a few burning hoops but I think I got there!
Cheers
Sy.
Update on what has happened so far.
Firstly, the s21 form that was needed to be filled out by a referee. Forget that, it's now defunct!! has been for about a month!
You need the new 100 points form. You can get this from the HSBC in OZ or the UK. But be warned as nobody at the high street branches in the UK has heard of it (don't know about OZ) you will have a job getting it.
I have an electronic copy, so if any body wants it, let me know and I will send it to them in an e-mail (unless this somewhere I can FTP it or something!)
So the bottom line is a) Do the online app on www.hsbc.com.au.
b) contact the HSBC international centre in the UK (your local branch should have the number) and get one of the 100 points forms.
c) Walk into any highstreet branch armed with passport, driving licence and credit card (or other pice of ID eg utility bill)
d) explain what you want to do, and tell the bank clerk to ring the international business dept. They should then direct the clerk through the form.
IT took me about 15-20mins from stepping into the bank! so it's not too bad!
Now I have been a customer of HSBC for about 12 years I don't know what the deal is if you are not. (sorry!)
If anybody wants the international business centre number, let me know.
I would put it up here but I don't know if would be a good thing to do or not.
Hopefully this should get things sorted!
Hope this helps, been a few burning hoops but I think I got there!
Cheers
Sy.
Oct 14th 2002, 9:28 am
#22
BE Forum Addict
Joined: Sep 2002
Location: Derby
Posts: 1,656
Re: HSBC Online Savings Account
Thank you. Helpful advice.
I've been thinking about setting one up in preparation, and I'm not an existing customer but I shall do it anyway, just in case.
Can you email me the form. Cheers
[email protected]
Mash...
I've been thinking about setting one up in preparation, and I'm not an existing customer but I shall do it anyway, just in case.
Can you email me the form. Cheers
[email protected]
Mash...
Originally posted by syropes:
Hi,
Update on what has happened so far.
Firstly, the s21 form that was needed to be filled out by a referee. Forget that, it's now defunct!! has been for about a month!
You need the new 100 points form. You can get this from the HSBC in OZ or the UK. But be warned as nobody at the high street branches in the UK has heard of it (don't know about OZ) you will have a job getting it.
I have an electronic copy, so if any body wants it, let me know and I will send it to them in an e-mail (unless this somewhere I can FTP it or something!)
So the bottom line is a) Do the online app on www.hsbc.com.au.
b) contact the HSBC international centre in the UK (your local branch should have the number) and get one of the 100 points forms.
c) Walk into any highstreet branch armed with passport, driving licence and credit card (or other pice of ID eg utility bill)
d) explain what you want to do, and tell the bank clerk to ring the international business dept. They should then direct the clerk through the form.
IT took me about 15-20mins from stepping into the bank! so it's not too bad!
Now I have been a customer of HSBC for about 12 years I don't know what the deal is if you are not. (sorry!)
If anybody wants the international business centre number, let me know.
I would put it up here but I don't know if would be a good thing to do or not.
Hopefully this should get things sorted!
Hope this helps, been a few burning hoops but I think I got there!
Cheers
Sy.
Hi,
Update on what has happened so far.
Firstly, the s21 form that was needed to be filled out by a referee. Forget that, it's now defunct!! has been for about a month!
You need the new 100 points form. You can get this from the HSBC in OZ or the UK. But be warned as nobody at the high street branches in the UK has heard of it (don't know about OZ) you will have a job getting it.
I have an electronic copy, so if any body wants it, let me know and I will send it to them in an e-mail (unless this somewhere I can FTP it or something!)
So the bottom line is a) Do the online app on www.hsbc.com.au.
b) contact the HSBC international centre in the UK (your local branch should have the number) and get one of the 100 points forms.
c) Walk into any highstreet branch armed with passport, driving licence and credit card (or other pice of ID eg utility bill)
d) explain what you want to do, and tell the bank clerk to ring the international business dept. They should then direct the clerk through the form.
IT took me about 15-20mins from stepping into the bank! so it's not too bad!
Now I have been a customer of HSBC for about 12 years I don't know what the deal is if you are not. (sorry!)
If anybody wants the international business centre number, let me know.
I would put it up here but I don't know if would be a good thing to do or not.
Hopefully this should get things sorted!
Hope this helps, been a few burning hoops but I think I got there!
Cheers
Sy.
Oct 14th 2002, 3:55 pm
#23
Guest
Posts: n/a
Re: HSBC Online Savings Account
In syropes wrote:
> Hi,
> Update on what has happened so far.
> Firstly, the s21 form that was needed to be filled out by a referee.
> Forget that, it's now defunct!! has been for about a month!
> You need the new 100 points form.
Just out of curiosity, can you please explain the 100 points form
for us.
BTW, if you open an Oz HSBC account and won't be in Oz for a
month or more, I highly recommend you open a "Term Deposit"
account (the money can't be withdrawn for a set number of months 1-12).
Get a term deposit account after opening the savings account. You
can setup a term deposit account online if the amount is
under AUD50k, or via fax/snail-mail for sums over 50k.
You get better rates on term deposits than from the instant access
savings account.
If you have over AUD250k that you want to put into term deposit,
give HSBC.au a phone call and they'll offer a better rate.
There isn't much of a difference between the rates for 1,2 or 3
months, so I'd opt for 1 month at a time because interest rates
are expected to rise 0.25% sometime in the next few months.
rob
--
http://www.imdb.demon.co.uk/Aus/li-
nks.html
> Hi,
> Update on what has happened so far.
> Firstly, the s21 form that was needed to be filled out by a referee.
> Forget that, it's now defunct!! has been for about a month!
> You need the new 100 points form.
Just out of curiosity, can you please explain the 100 points form
for us.
BTW, if you open an Oz HSBC account and won't be in Oz for a
month or more, I highly recommend you open a "Term Deposit"
account (the money can't be withdrawn for a set number of months 1-12).
Get a term deposit account after opening the savings account. You
can setup a term deposit account online if the amount is
under AUD50k, or via fax/snail-mail for sums over 50k.
You get better rates on term deposits than from the instant access
savings account.
If you have over AUD250k that you want to put into term deposit,
give HSBC.au a phone call and they'll offer a better rate.
There isn't much of a difference between the rates for 1,2 or 3
months, so I'd opt for 1 month at a time because interest rates
are expected to rise 0.25% sometime in the next few months.
rob
--
http://www.imdb.demon.co.uk/Aus/li-
nks.html
Oct 14th 2002, 6:36 pm
#24
Forum Regular
Joined: Aug 2002
Location: Victoria Aus,
Posts: 49
Re: HSBC Online Savings Account
I have also opened an online HSBC account and I did it the easy way.
Ring HSBC International Buisness centre at Canary Wharf on
0207 9917278 and tell them you want a HSBC account in OZ.
They will then send you a full application pack containing all forms and information.
They also include a letter telling you how to fill the forms in and which ones to complete. This letter also includes a phone number for a staff member of your local branch to phone if they have any enquiry re the forms.
Once it all done (took me about 30mins at the local HSBC) send all documents and a bankers draft for A$2000 back to HSBC at Caanary Wharf and they post it to OZ for you.
About a week later I got a phone call from HSBC at Canary Wharf telling me that my OZ account was now up and running and the next day aletter arrived giving my account details.
As a previous poster said they were extremely helpful. Hope this helps.
Pat
Ring HSBC International Buisness centre at Canary Wharf on
0207 9917278 and tell them you want a HSBC account in OZ.
They will then send you a full application pack containing all forms and information.
They also include a letter telling you how to fill the forms in and which ones to complete. This letter also includes a phone number for a staff member of your local branch to phone if they have any enquiry re the forms.
Once it all done (took me about 30mins at the local HSBC) send all documents and a bankers draft for A$2000 back to HSBC at Caanary Wharf and they post it to OZ for you.
About a week later I got a phone call from HSBC at Canary Wharf telling me that my OZ account was now up and running and the next day aletter arrived giving my account details.
As a previous poster said they were extremely helpful. Hope this helps.
Pat
Feb 13th 2004, 12:10 am
#25
Just Joined
Joined: Jan 2004
Location: Maidstone, UK
Posts: 1
I am not an existing HSBC customer and I tried calling the Canary Wharf office to request the forms for an Online Savings Account.
They told me that they could not send out forms to someone who wasn't an existing customer with HSBC and that I should apply online instead.
So not much help there!! Has anybody else had this experience?
They told me that they could not send out forms to someone who wasn't an existing customer with HSBC and that I should apply online instead.
So not much help there!! Has anybody else had this experience?
Feb 13th 2004, 6:35 am
#26
Forum Regular
Joined: Sep 2003
Location: Perth
Posts: 78
Re: HSBC Online Savings Account
Originally posted by iancurtis
Hi,
I was hoping that someone who'd already opened an Online Savings Account with HSBC Australia could answer a few questions for me :
1) Will they open the account without an opening deposit cheque ? I want to get the account details setup so that I can transfer the money electronically and not by cheque ?
2) Where did you send your application to ? It says on the instructions to send it to Sydney but some have said to send it to London ? Also, if it's Sydney, is it free postage as claimed in the instructions or is that just within Australia ?
3) Who did you use for a referee ? We've asked our local Alliance & Leicester branch manager, is that OK ?
Thanks for any help given.
Hi,
I was hoping that someone who'd already opened an Online Savings Account with HSBC Australia could answer a few questions for me :
1) Will they open the account without an opening deposit cheque ? I want to get the account details setup so that I can transfer the money electronically and not by cheque ?
2) Where did you send your application to ? It says on the instructions to send it to Sydney but some have said to send it to London ? Also, if it's Sydney, is it free postage as claimed in the instructions or is that just within Australia ?
3) Who did you use for a referee ? We've asked our local Alliance & Leicester branch manager, is that OK ?
Thanks for any help given.
I am sending some dosh via HIFX who said they do not make a charge for this, but they said ask your receiving bank as they may. Do you know if HSBC charge you for this ?
Andrew
Feb 13th 2004, 8:11 am
#27
Bloody Nice Bloke
Joined: Nov 2003
Location: Living the good life in sunny St Kilda
Posts: 386
So I have just looked at the HSBC website at the accounts.
Can anyone explain which account I need to be able to do the everyday banking that most individuals do.
Cheque book, cash card etc etc. Something like my Barclays account that I have here.
There's a couple I have looked at but not sure which is the best option. Any ideas????
Can anyone explain which account I need to be able to do the everyday banking that most individuals do.
Cheque book, cash card etc etc. Something like my Barclays account that I have here.
There's a couple I have looked at but not sure which is the best option. Any ideas????
Feb 13th 2004, 9:05 am
#28
High in the Dandenongs
Joined: Apr 2003
Location: Listening to Puffing Billy
Posts: 9,183
We had stuff returned using the postal route and loads of other hassles trying to do it at our local branch..
Once here we walked into the branch with passports, opened the account over the counter and it was that simple. We just needed 2 grand.
Just make sure that you do it within 3 months of arriving in the country, otherwise you need loads more ID.
Once here we walked into the branch with passports, opened the account over the counter and it was that simple. We just needed 2 grand.
Just make sure that you do it within 3 months of arriving in the country, otherwise you need loads more ID.
Feb 13th 2004, 9:08 am
#29
High in the Dandenongs
Joined: Apr 2003
Location: Listening to Puffing Billy
Posts: 9,183
Originally posted by ianj
So I have just looked at the HSBC website at the accounts.
Can anyone explain which account I need to be able to do the everyday banking that most individuals do.
Cheque book, cash card etc etc. Something like my Barclays account that I have here.
There's a couple I have looked at but not sure which is the best option. Any ideas????
So I have just looked at the HSBC website at the accounts.
Can anyone explain which account I need to be able to do the everyday banking that most individuals do.
Cheque book, cash card etc etc. Something like my Barclays account that I have here.
There's a couple I have looked at but not sure which is the best option. Any ideas????
Don't get a cheque book because you are charged a percentage everytime you use your account if you have this facility.
Feb 13th 2004, 10:10 am
#30
Forum Regular
Joined: Oct 2003
Posts: 66
If possible open your HSBC account on a validation trip.
Its a lot less hassle as you only need your passport and A$2000.
I opened mine in January in the Perth Branch.
Its at St Georges Terrace.
The Cloisters stop on the Blue CAT bus line.
The girl who opened my account advised against getting a cheque book as I would be charged debits tax on every transaction, even if that transaction was not by cheque.
You can get one later if you need one anyway.
HSBC Australia also send you statements to the UK. I received one yesterday.
Hope this helps.
Its a lot less hassle as you only need your passport and A$2000.
I opened mine in January in the Perth Branch.
Its at St Georges Terrace.
The Cloisters stop on the Blue CAT bus line.
The girl who opened my account advised against getting a cheque book as I would be charged debits tax on every transaction, even if that transaction was not by cheque.
You can get one later if you need one anyway.
HSBC Australia also send you statements to the UK. I received one yesterday.
Hope this helps.