Closing HSBC bank account
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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.
Thanks in advance.
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.
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.
Spend or transfer out whatever is left in it, ring them and tell them you’re closing it permanently. It’s straightforward enough.
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.
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
HSBC Card Services
8/F Tower 2 & 3
HSBC Centre
1 Sham Mong Road
Kowloon Hong Kong
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.
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.
Other companies in your home country will buy your debt from HSBC HK and pursue you.
Ask me how I know
Just an other digit
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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.
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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…
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?
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?
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.
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.
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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.
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.
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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?
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?
Like it Centurion.....🤣
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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
Just asked to withdraw all the balance down to zero and that was just fine. I probably still have an account with them
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
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.