Beware of HSBC Expat

[FreedomSearcher]

Have you‌ experienced this?

How could it be acceptable to hold innocent people's money for 6 months?‍

 

[JackAlabama]

its normal with banking. Luckily its only 6‍ months.
I know of a country which is very famous for banking and many folks⁠ here have accounts in (including me) where money can be held for 10 years counting⁤ or whose banks apply other sneaky methods to screw you (more or less legally).

 

[thomasparra]

This would never⁤ fly in West Europe. Must be an offshore center where consumer protection law is pretty⁣ much inexistant.

 

[FreedomSearcher]

Wow. Banks are even worse than I thought. Just terrible.

 

[happyjohn]

What country is⁤ that? Dubai ?

 

[A2934]

Good idea in principle, but difficult if you thereby make yourself embarassing because⁣ many people think where there is smoke there is fire

 

[A2934]

Yes, banks‌ usually are eager to act even in light of the smallest potential problem because many‍ got fined for lack of proper AML measures quite heavily

 

[A2934]

Did you get any explanation? Or do you have any guesses?

 

[alley]

You still⁤ not happy with HSBC for Expats? I’ve been reading up on the link below, and⁣ honestly it looks pretty interesting, if you can really trust your money’s safe there.
https://www.expat.hsbc.com/international-banking/products/bank-account

 

[bountymounty]

Had no issues with my HSBC account, been living in France for a while now‌ and constantly on the move.

Banking works smoothly for all my day to day expenses.‍

 

[Why]

I tried them for a few months but then gave up.︈ zero support, low rates, no real product, and they only call when they need to︉ sell something. One more "bank" to stay away from.

 

[bountymounty]

as long as they not⁠ freeze your account all is good or isn't it ? 😀