Tag Archives: “HSBC”
Victim of Bank/Identity Fraud
I got a call earlier today from HSBC “corporate security” who wanted to review transactions on my account. Turns out someone’s been making fraudulent transactions using my debit card! Apparently not only do they have the card number but they’ve duplicated the card and even swiped it yesterday at a gas station in Canada. This came as a surprise since I practically never use my debit card and I’ve never lost it (it just sits in my wallet). Luckily HSBC told me that I’m not liable for any of the fraud charges.
What’s the Real Deal with these High Yield Savings Accounts?
So I’ve been looking into these high yield savings accounts that are offering up to 5.05% APY. I know they can cut costs by not offering you normal bank services and only allowing online access, but it still seems a little too good to be true. Are banks really competing that hard to get savers to open accounts with them?
Nuts and Cabbages
So I filled out an online application for a HSBC business checking account about a week and a half ago thinking that would be it. The online application asked for a decent amount of information about my business. I figured they’d process it, then ask me to send in some documents. Instead, 2 days ago I got this thick application packet that I have to fill out with information I already submitted. Not only that, there are 2 questionnaires that are pretty repetitive (both ask the same questions). I’ve filled out most of it and I have to photocopy something; I’ll be sending it out in the next 2 days. I don’t know but if you ask me, asking for the same information 3 times in 2 different mediums seems pretty inefficient. I guess this is why consultants have jobs.