HSBC is killing my business, piece by piece • Hacker News Board

Re: HSBC is killing my business, piece by piece

#281

Post by lobo_tuerto » Tue, Sep 05, 2017, 4:55 PM UTC

Amazon does the same thing, once they lock up your account there is nothing much you can do except make a lot of noise and hope you'll be heard.

I had a horrible experience with a buyer account, they locked it up, and I didn't even receive a notification about it (I thought it was hacked...). The problem is that I had some packages on their way and I could not access any tracking info, etc.

After a couple of distressing days, access got restored with no explanation as to why it was locked in the first place, and I still have to hear from them what happened.

Re: HSBC is killing my business, piece by piece

#282

Post by BrandoElFollito » Tue, Sep 05, 2017, 8:40 PM UTC

There is something magical in how people are attached to their bank, at least here in France (but it looks from the article that this is the same in the UK). Just switch banks!

I never payed for a bank account (in several countries where I had an account while living there). When Credit Mutuel decided to do my free account, I went to them and told them that either they go back or I leave. They did not believe me so I left on the spot.

It is so simple today to change that it should be like changing the brand of cereals. I am now with a bank which just works and very happy, one just needs to try until they get the right one.

Re: HSBC is killing my business, piece by piece

#283

Post by exikyut » Wed, Sep 06, 2017, 2:38 PM UTC

ntpeters wrote: post #245

Sephr wrote: post #194

Earlier quoted context omitted.

Linode credit card info has been hacked so many times that I'm not surprised that HSBC is doing this. For any other service, I'd be upset if my bank did this, but Linode is quite literally the least secure paid service I've ever used. I've had multiple credit cards compromised as a direct result of multiple Linode hacks.

This is one reason I love Final: https://getfinal.com Set up a separate card number for each site, and that way I don't have to worry if one site is compromised. Disclaimer: Not affiliated at all, just a very happy customer! :D

Is there an international version of this? (I'm in Australia.)

I maintain multiple cards with my bank to get a poor facsimile of this.

Re: HSBC is killing my business, piece by piece

#284

Post by exikyut » Wed, Sep 06, 2017, 2:50 PM UTC

seanmcdirmid wrote: post #248

abritinthebay wrote: post #246

Earlier quoted context omitted.

500k as a down payment ? Yeah... that would come under rich . In that situation you either are rich enough to save that much AND/OR are rich enough to afford payments on a house where that is a sensible down payment rather than a transfer of equity from a sale.

Ya, to buy a small simple house. Rich is always relative.

I'm very very curious what your idea of an expensive house would be. I only ask because I (and probably most) view $500k as a downpayment as impressive.

The best way to describe my perception of this type of mindset is that reading your comments reminded me (in a non-negative way) of reading https://redd.it/67zv7a, a serendipitous thread (which I found via https://redd.it/682xc3) that veered off into an interesting discussion about the relative views of being rich.

Myself, I've never experienced this personally, which is why I perk up and take notice wherever I see it.

Re: HSBC is killing my business, piece by piece

#285

Post by dnh44 » Wed, Sep 06, 2017, 5:57 PM UTC

dx034 wrote: post #280

dnh44 wrote: post #112

Earlier quoted context omitted.

I had my business account frozen by Barclays for similar reasons but they responded quickly and had me up and running again quickly. Basically I had an international customer making cash payments directly into my account at Barclays branches in the UK (I think he used some kind of underground international payments system). After a few times I got locked out of my account. They tried telling me it was an IT error. Th…

> I now have multiple bank accounts and a currency broker that I also use like a bank. Transferwise? Any experience with that? Their offering sounds interesting.

I use CurrencyFair and am very happy with them. Transferwise are a bit cheaper but they since have VC money and are likely to be cheap only temporarily I haven't tried them out.

Re: HSBC is killing my business, piece by piece

#286

Post by TheMiller » Wed, Sep 06, 2017, 9:32 PM UTC

ntpeters wrote: post #245

Sephr wrote: post #194

Earlier quoted context omitted.

Linode credit card info has been hacked so many times that I'm not surprised that HSBC is doing this. For any other service, I'd be upset if my bank did this, but Linode is quite literally the least secure paid service I've ever used. I've had multiple credit cards compromised as a direct result of multiple Linode hacks.

This is one reason I love Final: https://getfinal.com Set up a separate card number for each site, and that way I don't have to worry if one site is compromised. Disclaimer: Not affiliated at all, just a very happy customer! :D

Discover had a service like this more than a decade ago, which I used quite a bit. But they shut it down after a few years.

Re: HSBC is killing my business, piece by piece

#287

Post by jopsen » Thu, Sep 07, 2017, 7:32 PM UTC

MichaelDickens wrote: post #161

jopsen wrote: post #95

Earlier quoted context omitted.

Or they want to get rid of a business that doesn't borrow money... There is no money in banking services if they can't charge you extravagant fees. It's ironic :)

If you deposit money into a bank, they can lend out that money and earn interest. They don't need to charge you fees to make money from your deposits.

Interests is extremely low and following 2008 liquidity requirements in the EU are rather high.

IMO, they could just do honest business and charge a flat fee for service :)