Comments on: HSBC Direct Online Bank Review

By: Karen

Karen — Thu, 02 Jul 2009 23:38:46 +0000

We have HSBC online Banking here in Canada and I have been trying to transfer money from one account to another for days, with no luck. I just keep getting told that it can’t do it and to call their 800 number. I went to a BMO where they say I can use my HSBC bank card. Well, guess what! You can withdraw, deposit, and check balances but you can’t TRANSFER money. We are 3 hours away from their closest bank, so when we get there in the very near future we are closing out the accounts and moving our money back to the Royal Bank. Our High Interest savings account started out at 3.35% and is now down to .75%. Not worth the hassle anymore.

By: Joe

Joe — Thu, 02 Jul 2009 10:31:38 +0000

I bank with HSBC for business, both Mainland China and in Hong Kong and have a personal premier account in Hong Kong as well. We opened the HSBC Direct USA account in order have some banking back in the States hence credit. I have come to find out that this was a mistake as it is very difficult to transfer funds Bank to Bank (non US and non HSBC) as the verification process takes sometime and the second interface is just one more obstacle and actually does not work properly. Our Business and personal banking in Asia is perfect but the HSBC Direct USA has been frustrating as it seems to be tailored to the local corner bank on Main street USA and i am trying to close it right now.

By: Peter

Peter — Mon, 16 Mar 2009 00:06:59 +0000

Calvin is right about HSBC being the second largest bank to the ICBC. HSBC Direct is getting pretty popular these days around here in Caanda because we just don’t have the options that you guys do in the States.

By: Calvin

Calvin — Thu, 29 Jan 2009 21:22:05 +0000

HSBC is the biggest bank in the world that is available in the states. Other other one is ICBC which is a China only one so unless you speak Chinese, HSBC is the way to go.

By: MoneyNing

MoneyNing — Wed, 28 Jan 2009 04:14:51 +0000

Ben: Just sign up for one since the cost of it is pretty much $0. If you don’t like it, you can either cancel (or just leave it open in case they have a good rate later on).

Richard: I share the pain about the rates, but some still have much more than 2%, and they all still beat the 0% at my local bank!

Allison: By market cap, it is the second biggest behind Industrial & Commercial Bank of China I believe. For a while, it was behind Citigroup and Bank of America but we all know what happened to them.

By: Allison

Allison — Wed, 28 Jan 2009 00:47:40 +0000

Is HSBC Direct the biggest bank in the world? $1.2 trillion sounds like a lot of assets.

By: Richard

Richard — Tue, 27 Jan 2009 23:56:07 +0000

Ben, I have a HSBC account and I can vote for their savings account (if case you need another vote). It works just as well as every other one so it all boils down to the yield for me. It’s sad to see that everyone is lowering their rates but at least this one still has more than 2%+. The worldwide presence like the review says is what drove me to them too.

By: Ben

Ben — Tue, 27 Jan 2009 23:18:11 +0000

Like you, everyone of my family members have a HSBC account. They are the only institution my parents would bank with. It’s nice to know that they have more than $1 trillion in assets since I also have some stock in the company.

I need to check out the online bank though since I wasn’t aware that they have one.