Re: bank withdrawls
 

There are other banks ;)

Re: bank withdrawls
 

There are indeed but I have a large personal loan with HSBC and they will not let me set up a direct debit from any other bank account.

Re: bank withdrawls
 

What ever happened to the idea that "Your the customer". I doubt they could actually stop you.

Re: bank withdrawls
 

Well, they could if they refused to accept DD mandate forms from another bank

Re: bank withdrawls
 

They can't stop you banking elsewhere as well as HSBC but they will not physically close the current account held with them until the full loan amount is payed off, high street banks in Northern Ireland are different to the mainland, we don't have the likes of local Natwests, Lloyds etc, I went to Bank of Ireland last week to open a current account which I'd have had my wages paid in to, then set up a standing order to my HSBC account to cover the loan, but they don't work like that, they insist on being the sole lender, i.e. if you want to bank with BOI, you use them, and only them.

Re: bank withdrawls
 

Now who does that remind me of.....? :scratch: ;)

Re: bank withdrawls
 

just to bump this up a long long long way, another query.

assuming the credit limit on my credit card is £100 (its not by the way, that would just be stupid, i am just using this as an example) would i for example be able to dump another £100 in the credit card account, so it was £100 in credit, and then be able to spend £200 in one transaction?

banks confuse me :(

Re: bank withdrawls
 

Hi,

Nope, that is not how credit cards work.
If you want to spend more than your limit (without getting into trouble!) you will need to get your limit on the card increased.



Doesn't work. A work colleague was recently having trouble with some payments from his HSBC account, no matter how hard he tried, after many phone calls, he could not get to speak to his local branch at all on the phone.
He had to make an appointment, via the call centre, to go into the branch and speak to someone.

Re: bank withdrawls
 

Dispite what mikeyB has just said. YES you can. If you have you credit card account £100 in credit by for example overpaying a bill by £100 and you had a £100 credit limit you would be able to spend £200 in one transaction as you would not have gone over your credit limit.

BTW the £100 guarantee on the credit card is nothnig to do with you credit limit. Im assuming that the £100 example is a coincidence but just clarifying.

Re: bank withdrawls
 

yeah, the £100 is just an example to make it easy, with nice round numbers. my credit limit is higher than this but i may need to spend more than my limit in the near future, so was just wondering (would use my current account but want the safety of mastercard) :):)

Re: bank withdrawls
 

hmmm wouldnt take too much notice of the so called "safety". I had an unauthorised spend on my Barclaycard in August which i disputed and still hasnt been resolved.

Re: bank withdrawls
 

Interesting. I had an unauthorised spend on my card (to the tune of £1200!) . I simply phoned HSBC MCard and they refunded within a day or so. Basically they took my word for it over the phone. A day or so after that I received a form asking me to sign to certify that the unauthorised spend had nothing to do with me. Signed and never heard anything since.

Also interesting because I asked HSBC to reduce the credit limit on one of my Mastercards - I wanted just £100 or even £50 as a safety when making Web purchases etc. However, the lowest limit was £500 - and as soon as I used the thing they increased the limit. I do not fancy arguing that with someone in India. I gave up eventually and now only use a Cahoot virtual Visa card for Web purchases. With that card the number changes after each transaction.