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Closing HSBC bank account

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Closing HSBC bank account

Old 11th Jan 2022, 05:54
  #1 (permalink)  
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Join Date: Jun 2015
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Closing HSBC bank account

I don't anticipate to return to HKG any sooner or even forever ! Is anyone here had any experience in closing HSBC account from overseas?
Thanks in advance.
Intrax is offline  
Old 11th Jan 2022, 06:09
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Join Date: May 2004
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Forever?

First, take out a tax loan and rack up as much credit card debt as you can.

Second, strip your nationality details from your account and change your mailing address to Penny Bay Concentration Camp facility.

Problem solved.
Sqwak7700 is offline  
Old 11th Jan 2022, 06:44
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Join Date: Aug 2015
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Originally Posted by Sqwak7700 View Post
Forever?

First, take out a tax loan and rack up as much credit card debt as you can.

Second, strip your nationality details from your account and change your mailing address to Penny Bay Concentration Camp facility.

Problem solved.
The only problem with that otherwise brilliant scheme is that HSBC own a whole load of banks in other jurisdictions, and would no doubt pursue the debt, wrecking your credit score etc.
Spend or transfer out whatever is left in it, ring them and tell them you’re closing it permanently. It’s straightforward enough.
MENELAUS is offline  
Old 11th Jan 2022, 07:23
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Join Date: Dec 2007
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HSBC cannot chase you in your home country for money owed in Hong Kong, neither can any other bank for that matter. What they will do for sure is bankrupt you in HK. In the USA any Hong Kong bank or finance company has no right to chase you for monies owed in HK.
Fac6 is offline  
Old 11th Jan 2022, 07:55
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Join Date: Mar 2002
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Originally Posted by Intrax View Post
I don't anticipate to return to HKG any sooner or even forever ! Is anyone here had any experience in closing HSBC account from overseas?
Thanks in advance.
Not sure about savings accounts, but to close a credit card account I was told the following:

To cancel your credit card account, please send us your instruction, which bears your credit card account number and authorised signature, by mail to the following address:

HSBC Card Services
8/F Tower 2 & 3
HSBC Centre
1 Sham Mong Road
Kowloon Hong Kong
I imagine the process to close a savings account is similar, although the address might be different. If you have internet banking with HSBC you could try sending them a message through your online account and ask for the details. They normally respond within a couple of days.
BuzzBox is offline  
Old 11th Jan 2022, 08:10
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Having spent months trying to open new accounts in the UK I'd suggest you hang onto as many bank accounts as you can for as long as you can.
Asturias56 is offline  
Old 11th Jan 2022, 09:18
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Hang on to the HSBC account. There is no reason to close it. If you have a HSBC securities account they will charge you $25HKD/month. So what. Just use online banking to send the money outside Hong Kong whenever you need to.
gulliBell is offline  
Old 11th Jan 2022, 09:56
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Join Date: May 2013
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Originally Posted by Fac6 View Post
HSBC cannot chase you in your home country for money owed in Hong Kong, neither can any other bank for that matter. What they will do for sure is bankrupt you in HK. In the USA any Hong Kong bank or finance company has no right to chase you for monies owed in HK.
Yeah....that's bullshit
Other companies in your home country will buy your debt from HSBC HK and pursue you.
Ask me how I know
Buttscratcher is offline  
Old 11th Jan 2022, 10:11
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Just an other digit
 
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Originally Posted by Buttscratcher View Post
Yeah....that's bullshit
Other companies in your home country will buy your debt from HSBC HK and pursue you.
Ask me how I know
I know how you know.
Just an other number is offline  
Old 11th Jan 2022, 11:30
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Join Date: Oct 2011
Location: Shenzhen China
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My experience is HSBC operate due to tax laws as an independent franchise's. Still trying to get money out of an account closed due to lack of activity for 2 years, despite trying in another 4 countries they will not even call or sign the HSBC forms. World bank sure.
JamesGBC is offline  
Old 11th Jan 2022, 11:34
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Join Date: Oct 2011
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Originally Posted by Asturias56 View Post
Having spent months trying to open new accounts in the UK I'd suggest you hang onto as many bank accounts as you can for as long as you can.
The old you need a bank account to buy a house that you cannot open without a house. Been there gave up.
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Old 11th Jan 2022, 12:46
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Join Date: Dec 2007
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Originally Posted by Buttscratcher View Post
Yeah....that's bullshit
Other companies in your home country will buy your debt from HSBC HK and pursue you.
Ask me how I know
Ask me how I know it not to be bullshit.
Fac6 is offline  
Old 11th Jan 2022, 17:26
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Join Date: Aug 2007
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If you log in to the app on your mobile device, any bank account can be cancelled via the ‘chat’ function, b but it has to be the chat function through the app, as that provides authentication, it will not work if you sign in via the website. Takes two minutes…
fly1981 is offline  
Old 11th Jan 2022, 22:31
  #14 (permalink)  
 
Join Date: Nov 2013
Location: Somerset
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Mrs Friar wanted to close her Santander account and had moved all Direct Debits to new First Direct account. Santander refused to move her money without a meeting in a branch with two forms of ID to close the account, despite it being an online account.
once we understood it was all her money anyway, she simply wrote herself a cheque, paid all her money into her new account and left £10 in the old Santander one which earns a penny of interest a year and Santander have to send her monthly written statements.
why put up with their stupid requirements to close it when you can leave it open?
Blackfriar is offline  
Old 11th Jan 2022, 23:29
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Join Date: Aug 2002
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I closed my Hong Kong HSBC accounts several years ago from Canada after I left Hong Kong.

Via the messaging system in the online banking interface, I asked to close the account. They replied saying that I would have to send a written request via registered mail. The account had a residual balance of a few dollars and they suggested that I include instructions in my written request to have that balance donated to the Hong Kong Red Cross.

A week after the letter was delivered to HSBC, I could see online that the balance was donated to Red Cross. A few days after that, I no longer had online access to the account. Then a few weeks after, I received the final statement in the mail.



dhoonk is offline  
Old 11th Jan 2022, 23:36
  #16 (permalink)  
 
Join Date: Feb 2013
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Well, seen as no-one made any attempt to answer the question, I'll have a go. (Edit: Except the post above!)
Perhaps like you, I wasn't aware that in March 2020, I wouldn't ever set foot in HKG again. By the time CX finally dumped me mid-2021, the battery in my HSBC security device was dead. In addition the HKG mbl number they have on file for me is also disconnected! I haven't closed my account yet, but I did call HSBC. They said I'd need to send an (old-school) letter (with signature) to them advising you want to close your account, and advise where you want the funds deposited. My plan was to deposit it into a mates account still in HKD, and get them to transfer to me. I'm just waiting to make sure I've cleared out of the IRD's office before I send HSBC a letter.
Call them up. Send them a signed letter, telling them where you want the money deposited.
Will IB Fayed is offline  
Old 11th Jan 2022, 23:56
  #17 (permalink)  
 
Join Date: Oct 2008
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Originally Posted by Blackfriar View Post
Mrs Friar wanted to close her Santander account and had moved all Direct Debits to new First Direct account. Santander refused to move her money without a meeting in a branch with two forms of ID to close the account, despite it being an online account.
once we understood it was all her money anyway, she simply wrote herself a cheque, paid all her money into her new account and left £10 in the old Santander one which earns a penny of interest a year and Santander have to send her monthly written statements.
why put up with their stupid requirements to close it when you can leave it open?
Don't get mad, get even......
Like it Centurion.....🤣
Busbuoy is offline  
Old 12th Jan 2022, 03:13
  #18 (permalink)  
 
Join Date: Feb 2010
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I went to close my HSBC account (some time ago) and was told that I had to pay a fee to close it...

Just asked to withdraw all the balance down to zero and that was just fine. I probably still have an account with them
Mill Worker is offline  
Old 12th Jan 2022, 21:50
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Join Date: Jun 2001
Location: Fragrant Harbour
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I went to close my HSBC account (some time ago) and was told that I had to pay a fee to close it. Just asked to withdraw all the balance down to zero and that was just fine. I probably still have an account with them
Transfer it all out and just ignore it.. After two years of no activity, they will close it anyway.
Dan Winterland is offline  
Old 13th Jan 2022, 06:30
  #20 (permalink)  
 
Join Date: May 2011
Location: Surrey UK
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Back in UK I wanted to close my DXB HSBC account, I made the mistake of transferring all but a few Dirhams (no transfer fee) to my UK account 1st. There was a lot of questions about the amounts I had in the account previously and where they had come from until I ended up having to get my UK branch to sign over, in my presence, and internally post copies of the closure form . The remaining Dirhams caused a problem even after I suggested they give to charity, almost finally they posted me a cheque, in Dirhams but even now 11yrs later I get e-mails from them on general matters.
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