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

[Snakpac]

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

How is the HSBC user interface? Is it like ING? Can you open multiple savings accounts and see them all when you log in?

Thanks!

[sweeps]

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

The user interface is fairly intuitive. The security is very tight. They give you a super long user ID. And you also have to set up a security key to do certain transactions like bank-to-bank transfers. You have to click on the letters and numbers on the screen to enter the security key, presumably to foil keyloggers.

I'm not familiar with how it handles multiple savings accounts.

[Luv2shop]

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

I signed up

[robby]

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

I think I'm going to join the bandwagon here. Can't see a reason to keep the money in ING although I think I'll keep the account open on the off chance they become competitive again.

[JoyJoy]

HSBC's Bank to Bank Transfers

mmmmm what do you think about giving HSBC your present bank's ID and password information to make a bank to bank transfer? I know they state they can verify the information fast this way but is this what all banks do to make transfers? I am new at this and since HSBC allows one to mail in their deposits or deposit by ATM, I may utilize these two ways of depositing and withdrawing. I just feel one can look into your bank account and see just what you have at any time. Scary LOL.

I opened my account with them and they made two trial deposits to open the account but now to transfer money on a regular basis why do they need my ID and Password?

[sweeps]

Re: HSBC's Bank to Bank Transfers

If you took the trial deposit approach, HSBC shouldn't ask for your other bank's login and password. I went ahead and did the login/password approach. I didn't want to wait 2 or 3 days for the trial deposits. But after I was done, I changed my bank password just in case.

For ongoing bank-to-bank transfers, you should only have to do the login/password or the trial deposit approach once. Then you can transfer whenever you like.

[JoyJoy]

Re: HSBC's Bank to Bank Transfers

Thanks for the advice. Since HSBC is only a few blocks from my home I will go there and make the deposit.

[fsumoney]

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

Does everyone jump these online accounts?

I keep thinking about opening up an HSBC account, but for all i know they will drop rates pretty soon, or another online account will up theres even more, and ill think about adding ANOTHER account.

Is it worth adding accounts everytime one gets higher?

Thanks

[TwoNickles]

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

fsumoney: I totally agree with your point. I have a sizable amount in an ING account and I've been watching, for quite a while, other banks consistantly beat ING's rates. When I discovered this offer at HSBC, I said, "That's it, I'm tired of sitting in the back seat." I've been with ING for three or four years, so i don't consider this as a "bandwagon" jump for me. I tend to move slowly on these things. I'll try adding just a little bit on a monthly basis to my HSBC account. If things work out to my liking, I'll move more into it. If it doesn't work out for me, I'll move all the money back to ING and close the HSBC account.

[pyotr]

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

before going for HSBC, check out the discussions here: http://www.fatwallet.com/forums/mess...hreadid=447514

[genchan]

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

before going for HSBC, check out the discussions

It goes all over the place - is there something in particular there that we should know about?

[pyotr]

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

The major thing to note with HSBC: most of the customer service is outsourced to India (like vonage's) - you'll get a live person to talk to relatively quickly though, unlike with Emigrant. With ING, the customer service is very good IMO. The transaction times with HSBC is sluggish, like with Emigrant. The biggest benefit with HSBC is probably the chance to go to a real branch and conduct real banking. Daily compounding is a plus versus ING's monthly.

[BTC]

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

Emigrant's transactions post to my linked account faster than any other online account that I have, always within 2 business days. I completed my HSBC application early last week and my trial deposits have yet to post. Transactions via ING never posted as fast as Emigrant.

[pyotr]

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

My experience with Emigrant was it took a week to post anything. the difference may be due to geography, amount of money transacted, irregular service. ING posts its deposits always within 3-5 days in my experience. Personally I'm transferring amounts in the 10k range.

[BTC]

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

Are your experiences recent? I opened my account 3 or 4 months ago and every transfer, approximately 10 to 15 total, into my Emigrant account have cleared my bank in 2 business days. My ING transfers never posted that quickly.