HSBC Direct $25 Bonus vs Emigrant Direct Bank (Is ING even in the competition?)

[Luv2shop]

Re: HSBC Direct $25 Bonus vs Emigrant Direct Bank (Is ING even in the competition?)

Thnak you

[robby]

Re: HSBC Direct $25 Bonus vs Emigrant Direct Bank (Is ING even in the competition?)

Anyone have any problems with this bank yet?

[sweeps]

Re: HSBC Direct $25 Bonus vs Emigrant Direct Bank (Is ING even in the competition?)

Anyone have any problems with (HSBC) yet?

No, the customer service so far has been pretty good. When I called to ask a question, I got to a live person right away.

However, I have a tip (and this probably applies to all direct banks): Open the account with a minimal amount of money. Then once the account is open, transfer the full balance over. I opened the HSBC account with a large portion of my savings, and I lost out on a week's worth of interest while the account was being processed.

[Bluezy]

Re: HSBC Direct $25 Bonus vs Emigrant Direct Bank (Is ING even in the competition?)

My $25 bonus was deposited three (3) business days after my approved application. When I called HSBC customer service yesterday to check on my customer id and password for online banking, they graciously stated that it was the fastest bonus credit they had ever seen. I don't have my password or customer ID yet, but, by golly, they gave me the $25! I'm really liking this bank.

[JoyJoy]

Re: HSBC Direct $25 Bonus vs Emigrant Direct Bank (Is ING even in the competition?)

The minimum amount needed to open this savings account with HSBC is $1.00.

[TwoNickles]

Re: HSBC Direct $25 Bonus vs Emigrant Direct Bank (Is ING even in the competition?)

I'm on it. I filled out my application today. Also, I called the bank to ask a question, and got a real live person almost immediately. Either they don't have very many customers, or very satisfied customers that don't need any help, or they have really good customer service.

[fsumoney]

Ing, Hsbc

I have an ING account, and am thinking about opening up and HSBC account. However, I am wondering by doing this, is this going to cause a lot more tax work for me to do come april?

I used to want to have an ING and Emigrant, but again, i didnt know if i was causing myself a headache come april.

4.25 sounds very good

[sweeps]

Re: HSBC Direct $25 Bonus vs Emigrant Direct Bank (Is ING even in the competition?)

Only tax headache is having to add in the interest from one more Form 1099.

Oh, if the extra interest pushes you over $1500 in interest for the year, you'll have to file Schedule B. But then again that means you're making more money, so that's a good thing.

[terry1156]

Re: Ing, Hsbc

I have an ING account, and am thinking about opening up and HSBC account. However, I am wondering by doing this, is this going to cause a lot more tax work for me to do come april?

I used to want to have an ING and Emigrant, but again, i didnt know if i was causing myself a headache come april.

4.25 sounds very good

No, it won't cause you any more tax work. In fact, if you sign up now, the HSBC account probably won't affect 2005 taxes at all. In 2006, you'll simply have an extra amount to add in. Very easy.

[al0061]

Re: HSBC Direct $25 Bonus vs Emigrant Direct Bank (Is ING even in the competition?)

Hi All,
It's been a while since I posted.
I've started the process of opening an HSBC account, but I got to a 'fine print' area that stopped me in my tracks...

Under the 'terms and charges' pdf, they indicate the following: (excerpt, because it doesn't copy/paste correctly...)

The following Miscellaneous Bank Service Fees are subject to change without notice;

***** FundsTransfer-In, per incoming transfer $15 each
Funds Transfer-Out, per outgoing transfer $30 each

...
** Does not apply to Savings Products

*** No charge for Interest Checking Plus, Interest Free, HSBC Premier and EmployeePlus Banking customers

**** No charge for HSBC Premier accounts

***** No charge for Interest Checking Plus, Interest Free, HSBC Premier, EmployeePlus Banking and Student Checking/Savings customers

See EFT FACILITY CHARGES for service fees applicable to functions performed at an HSBC ATM or other Electronic Facility.
BANK RULES - This document is part of the “Rules for Deposit Accounts”. In case of inconsistency between this document and the rules, this document
governs.
10/28/05


If they charge 15 - 30 bucks for funds transfers, in or out, I'm not opening the account.

Does anyone know more about this??

Thanks.
Torch - aka al0061

[BTC]

Re: HSBC Direct $25 Bonus vs Emigrant Direct Bank (Is ING even in the competition?)

Hi All,
It's been a while since I posted.
I've started the process of opening an HSBC account, but I got to a 'fine print' area that stopped me in my tracks...

Under the 'terms and charges' pdf, they indicate the following: (excerpt, because it doesn't copy/paste correctly...)

The following Miscellaneous Bank Service Fees are subject to change without notice;

***** FundsTransfer-In, per incoming transfer $15 each
Funds Transfer-Out, per outgoing transfer $30 each

...
** Does not apply to Savings Products

*** No charge for Interest Checking Plus, Interest Free, HSBC Premier and EmployeePlus Banking customers

**** No charge for HSBC Premier accounts

***** No charge for Interest Checking Plus, Interest Free, HSBC Premier, EmployeePlus Banking and Student Checking/Savings customers

See EFT FACILITY CHARGES for service fees applicable to functions performed at an HSBC ATM or other Electronic Facility.
BANK RULES - This document is part of the “Rules for Deposit Accounts”. In case of inconsistency between this document and the rules, this document
governs.
10/28/05


If they charge 15 - 30 bucks for funds transfers, in or out, I'm not opening the account.

Does anyone know more about this??

Thanks.
Torch - aka al0061

I just spoke to them and those charges are not applicable to account to account transfers. The representative I spoke with said those charges pertained primarily to wire transfers, which is what I suspected when reading that document, but I thought it might be prudent to get confirmation. That disclosure could be clarified.

[Ima saver]

Re: HSBC Direct $25 Bonus vs Emigrant Direct Bank (Is ING even in the competition?)

Can anyone tell me what HSBC stands for?

[BTC]

Re: HSBC Direct $25 Bonus vs Emigrant Direct Bank (Is ING even in the competition?)

Can anyone tell me what HSBC stands for?

The Hongkong and Shanghai Banking Corporation Limited.

[Ima saver]

Re: HSBC Direct $25 Bonus vs Emigrant Direct Bank (Is ING even in the competition?)

Thank you very much, I had no clue.

[Ima saver]

Re: HSBC Direct $25 Bonus vs Emigrant Direct Bank (Is ING even in the competition?)

We have a local bank that pays 4.14, so I wonder if it is worth the hassel?