A hard lesson learned so far....
1/31 (Wed): Applied for an account from HSBC to take advantage of the higher interest rate and linked my non-interest bearing checking (with initial $100 deposit) to HSBC. Also transfered money out of EmigrantDirect to my non-interest bearing checking account in anticipation of moving it to my new HSBC account. Meanwhile, my checking account received the "account verification deposits" from HSBC.
2/1 (Thurs): Received temporary registration ID from HSBC via email and a noticed that I must wait for a "temporary password" to be sent via snail mail (ie, letter). Realized that my checking account received the "account verification deposits" from HSBC yesterday (I thought "wow, that was fast!) and used the deposits to verify that the transactions when through.
2/2 (Fri): My checking account received the EmigrantDirect transfer.
2/5 (Mon): Received HSBC ATM cards via snail mail.
2/7 (Wed): Called HSBC customer service to inquired about my temporary password -- was told it may arrive by 2/9 (Fri).
So far lost 7 days of interest, likely an additional 2 days for the temporary password to arrive. This is not including the additional days for the transfers to go thru from my checking to HSBC.....
I guess what I should have done was to have the entire deposit to HSBC available for deposit upon the initial online application....
This is what I get for being an interest ho'
