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HSBC Bank International Introduces new monthy fees

HSBC Bank International Introduces new monthy fees

Old Dec 28th 2005, 11:02 pm
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Default HSBC Bank International Introduces new monthy fees

Just got a letter from HSBC Bank international Ltd telling us that as from the 6th Jan 2006 they will be a 15 GBP charge deducted from any account with them that has less than 5000 standing balance. Has anyone else come across this?

We only maintain this account to pay off 2 standing orders, and I'm not really happy to pay nearly 200 a year just for 2 standing orders. I'd like to move my account, but I'm not sure if we can move to another UK bank now. Does anyone know if it is possible for someone to open a UK bank account when we dont have an address in the UK any longer ?

Thanks.
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Old Dec 28th 2005, 11:54 pm
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Default Re: HSBC Bank International Introduces new monthy fees

Originally Posted by cpe111
Does anyone know if it is possible for someone to open a UK bank account when we dont have an address in the UK any longer ?
NEVER close all your UK bank accounts when you leave. Water under the bridge and all that, but it was a big mistake.
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Old Dec 29th 2005, 12:55 am
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Default Re: HSBC Bank International Introduces new monthy fees

Not had that...but then my HSBC is still the local branch from old home in Oxford, do everything online and been a treat so far.
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Old Dec 29th 2005, 3:23 am
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Default Re: HSBC Bank International Introduces new monthy fees

Originally Posted by cpe111
Just got a letter from HSBC Bank international Ltd telling us that as from the 6th Jan 2006 they will be a 15 GBP charge deducted from any account with them that has less than 5000 standing balance. Has anyone else come across this?

We only maintain this account to pay off 2 standing orders, and I'm not really happy to pay nearly 200 a year just for 2 standing orders. I'd like to move my account, but I'm not sure if we can move to another UK bank now. Does anyone know if it is possible for someone to open a UK bank account when we dont have an address in the UK any longer ?

Thanks.
I still have my HSBC account with a local branch and also do all my banking via the internet. I have not had any letter!!

May be its just with HSBC International?

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Old Dec 29th 2005, 10:32 am
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Default Re: HSBC Bank International Introduces new monthy fees

In the UK, I have a Barclays checking account as well as a Barlcays dollar account. Both are free.
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Old Dec 29th 2005, 2:50 pm
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Default Re: HSBC Bank International Introduces new monthy fees

Originally Posted by cpe111
Just got a letter from HSBC Bank international Ltd telling us that as from the 6th Jan 2006 they will be a 15 GBP charge deducted from any account with them that has less than 5000 standing balance. Has anyone else come across this?

We only maintain this account to pay off 2 standing orders, and I'm not really happy to pay nearly 200 a year just for 2 standing orders. I'd like to move my account, but I'm not sure if we can move to another UK bank now. Does anyone know if it is possible for someone to open a UK bank account when we dont have an address in the UK
any longer ?

Thanks.
No it is not generally possible to open an account as a UK resident because of all the identity checks that need to be performed. Best bet would be to change to a different type of HSBC account, but that might be difficult if they know you are non resident.
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Old Dec 29th 2005, 3:13 pm
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Default Re: HSBC Bank International Introduces new monthy fees

Originally Posted by cpe111
We only maintain this account to pay off 2 standing orders, and I'm not really happy to pay nearly 200 a year just for 2 standing orders.
yes everyone should work for free.
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Old Dec 29th 2005, 5:49 pm
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Default Re: HSBC Bank International Introduces new monthy fees

Originally Posted by cpe111
Just got a letter from HSBC Bank international Ltd telling us that as from the 6th Jan 2006 they will be a 15 GBP charge deducted from any account with them that has less than 5000 standing balance. Has anyone else come across this?

We only maintain this account to pay off 2 standing orders, and I'm not really happy to pay nearly 200 a year just for 2 standing orders. I'd like to move my account, but I'm not sure if we can move to another UK bank now. Does anyone know if it is possible for someone to open a UK bank account when we dont have an address in the UK any longer ?

Thanks.
Sounds like your bank is taking a tip from the US banks who quite frequently charge a fee for some accounts that don't keep up a minimum monthly balance...

Could setting up a Paypal account help any? Can you not pay off the debt (if it's a debt)?
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Old Dec 30th 2005, 5:30 pm
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Default Re: HSBC Bank International Introduces new monthy fees

Nope. I kept my UK account open and gave them my USA address. No charges for this man.
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