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

[goodtosave]

Re: HSBC's Bank to Bank Transfers

Thanks it does! It just seems like it should be transferred immediately. I mail a check to American express. The day they get the check, they do an electronic transfer and the money is out of my account immediately.

You would think so. But now you realize that a part of how banks make money is by floating our funds.

For example, HSBC will make about $349(3 days interest) per million dollars transfer.

So they will make or save in interest payments of $349,000 per billion dollar transfer.

[Ima saver]

Re: HSBC's Bank to Bank Transfers

Well, thanks, that is very interesting. I think I will go buy some bank stock!!

[genchan]

Re: HSBC's Bank to Bank Transfers

I was reading HSBC's transfer policy and this is what it says:

No transaction fees if you transfer money into your HSBC accounts from your non-HSBC accounts

A $3.00 transaction fee will be charged for each outbound transfer from your HSBC accounts to your non-HSBC accounts

No transaction fees will be charged for HSBC OnlineSavings, Domestic Private Banking or HSBC Premier customers

Does that mean everytime I transfer money to my checking account I will be charged $3???

http://www.us.hsbc.com/1/2/3/personal/online-services/personal-internet-banking/banktobanktransfers

[sweeps]

Re: HSBC's Bank to Bank Transfers

No transaction fees will be charged for HSBC OnlineSavings

You answered your own question.

HSBC does not charge a transaction fee; however your other bank may charge a fee. Rarely is this the case though.

[pyotr]

HSBC's online savings rate increase?

I am currently in the process of opening up a new online savings account with HSBC. In the rates disclosure section, I noticed that it says, for online savings amounts greater than $1.00, the current APR is 4.70% and APY is 4.80%.

This doesn't seem to be advertised anywhere - could anyone confirm or refute this APY? The account opening page still has the giant piggy graphic with the prominent 4.25% APY displayed.

Here's the link: http://www.banking.us.hsbc.com/HICSe...language=en-us

[twins0203]

Re: HSBC's online savings rate increase?

It was verified by a guy on FW who asked a CSR

Looks like I'm siging up for an HSBC account now

[sweeps]

Re: HSBC's online savings rate increase?

Awesome. As they say on the World Poker Tour, I'm all in.

[BTC]

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

I hope that's a permanent rate.

Competition is good.

[coffeebreak]

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

Other than the fact that Pyotr's thread had 'HSBC' in it, what does it have to do with this thread's title? It was a separate thread and it still should be a separate thread. Extremely long threads are difficult to follow.

[kez]

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

I hope that's a permanent rate.

Nope, it's a promotion. It will end April 30.

[BTC]

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

Nope, it's a promotion. It will end April 30.

That blows

[sweeps]

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

Nope, it's a promotion. It will end April 30.

Is it only for "new money" (similar to what ING is doing)?

[kez]

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

Is it only for "new money" (similar to what ING is doing)?

Not sure. I'm thinking it's for all and not just new deposits. We'll probably learn more tomorrow.

[JoyJoy]

HSBC paying 4.8% through mo of April

Wow! Received my Saving Advisor e-mail today which states HSBC will be paying 4.8% promo through April. WTG!!

[Frugal_Cheap_Pants]

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

Trying to keep up here...learning alot from you all and I'm very thankful for that...

Can DH and I open seperate accounts and each receive the $25 bonus?

Thanks again for all the knowledge you all lend to those of us still learning about finances.