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Hong Kong > Forums  > Hong Kong Forums  > Living in Hong Kong  > Business and Finance
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HSBC, again, grrrr

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Old 25-10-2007, 11:13 AM
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HSBC, again, grrrr

A moan about our fav bank, again!!!

So went in to deposit US$1,100 today.

Am told, oh sorry, the maximum daily deposit limit is US$1,000. You can deposit the extra US$100 but there is a service charge.

Grrrr!!! So now they want to charge me to put money in their bank.
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Old 25-10-2007, 11:16 AM
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In foreign currency? Do you really think that's unusual? Do you think you could deposit HK$ cash into a US bank account at all?

Why is this is any way specific to HSBC?
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Old 25-10-2007, 11:24 AM
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In foreign currency? Do you really think that's unusual? Do you think you could deposit HK$ cash into a US bank account at all?

Why is this is any way specific to HSBC?
Well they advertise the foreign currency account service as one of the great benefits of PowerVantage.
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Old 25-10-2007, 11:26 AM
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You can always transfer it instead. I transferred 15,000 pounds the other day (about 31,000 of the American Monopoly money) into HSBC no problem.
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Old 25-10-2007, 12:53 PM
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PIN - Many of the banks charge for local currency deposits over a certain amount too.
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Old 25-10-2007, 12:57 PM
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Ok - Over 500 notes = 0.25% handling charge

http://www.banking.hsbc.com.hk/hk/pe...l/p018_eng.pdf
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Old 25-10-2007, 01:00 PM
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Originally Posted by pin View Post
A moan about our fav bank, again!!!
So went in to deposit US$1,100 today.
Am told, oh sorry, the maximum daily deposit limit is US$1,000. You can deposit the extra US$100 but there is a service charge.
Grrrr!!! So now they want to charge me to put money in their bank.
So, put in the thousand and save the hundred for the next time you are stateside. We had a similar problem in May and the extra money was spent by July. It isn't like you can survive off the interest on $100.
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Old 25-10-2007, 01:14 PM
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Or, deposit $1000, ask them to change some notes to HK$ and deposit those.
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Old 25-10-2007, 01:25 PM
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i guess i'm just being difficult!!

need to keep the money in US$, but won't be going stateside anytime soon.

i guess i just wanted a moan about hsbc.
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Old 25-10-2007, 02:39 PM
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Can I have a little moan about HSBC too?
I just had a letter congratulating me on my new "alternative wealth management solution that better suits my needs" - yes I am being downgraded to "SmartVantage" unless I can pony up $200k by next month.

How exactly does removing the only services I really use (manned phonebanking, stock order hotline) "better suit my needs"?

HSBC is a business, I don't have a problem with that. But I'd just rather have a straight talking message. "You're too poor, now p**s off!" not something dressed up as an "exclusive offer".

Maybe I'll bring it up at the press con today... :-)
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