HSBC Premier Account International Exchange rates
Jun 11th 2012, 1:24 am
#16
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Joined: Jan 2006
Location: 42
Posts: 931
Re: HSBC Premier Account International Exchange rates
Ah, understood.
Good to know.
Good to know.
Jun 12th 2012, 2:07 pm
#17
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Joined: May 2011
Posts: 410
Re: HSBC Premier Account International Exchange rates
Get an experian credit report as our mortgage application was approved after we submitted a copy to the bank (assuming your UK credit history is good of course)
Jun 13th 2012, 1:19 pm
#18
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Joined: Nov 2007
Location: Abbotsford, BC
Posts: 450
Re: HSBC Premier Account International Exchange rates
I guess all the above is important once you're up and running in Canada, but for the initial move I was considering a HSBC premier account because I'd heard you carry your UK credit rating to Canada, whereas without you would be starting your credit rating from scratch.
Can anyone confirm this is the case?
Can anyone confirm this is the case?
Jun 14th 2012, 2:38 am
#19
I said what ?!
Joined: Aug 2010
Location: Peterborough, Ontario.
Posts: 1,079
Re: HSBC Premier Account International Exchange rates
Just came across this thread as I've been contemplating moving some more money over for a while. The spread is now crazy. Quoted $1.54 today while xe.com showed $1.59. xetrade.com beat them at $1.57.
It seems to be an HSBC UK thing so I won't be using them again.
Have people found a better alternative? I hear that HSBC HK has much better rates but not sure if it's possible to open a Premier account there.
It seems to be an HSBC UK thing so I won't be using them again.
Have people found a better alternative? I hear that HSBC HK has much better rates but not sure if it's possible to open a Premier account there.
http://exchangerates.britishexpats.com/
I've not used them but there rates seem competitive.
Oct 22nd 2012, 10:03 pm
#20
Just Joined
Joined: Oct 2012
Posts: 1
Re: HSBC Premier Account International Exchange rates
I used to do an experiment with HSBC wherein I'd attempt a US->UK transfer and a UK->US transfer and see how far the spread was. Typically it was about 0.5%, which is extremely good. Suddenly I attempted one today, but noticed that it was 0.608 US -> UK, but 1.55 UK->US. So if I were to transfer $1000 to UK and then back again, I'd have $942.
I assume what's going on with CA is similar. Just a couple months ago I was not getting such bad rates.
I assume what's going on with CA is similar. Just a couple months ago I was not getting such bad rates.
Apr 16th 2013, 3:44 am
#21
Just Joined
Joined: Apr 2013
Posts: 1
Re: HSBC Premier Account International Exchange rates
I'm moving to Canada from the UK shortly, and had heard good things about the HSBC premier account, and its exchange rate. Has the GBP-->CAD situation improved, or am I better of just using a Forex?
Thanks!
Thanks!
