31–40 of 59 posts
I do agree though that even before their exit of mass market retail banking they wouldn't give the time of the day to anyone with less than 100k USD so it's not surprising.
I am still choosing carefully my next bank without a dirty history. The majority had unethical or sinister practices: HSBC & Capital One (money laundering), Chase (gold & silver spoofing), Goldman Sachs (mortgage crisis), Wells Fargo (fake accounts), Robinhood (sort of a bank, gambling), etc. https://www.youtube.com/watch?v=FSh8eusFYL4&ab_channel=ColdF... Charles Schwab seems ok so far. Still researching... feedback…
I am still choosing carefully my next bank without a dirty history. The majority had unethical or sinister practices: HSBC & Capital One (money laundering), Chase (gold & silver spoofing), Goldman Sachs (mortgage crisis), Wells Fargo (fake accounts), Robinhood (sort of a bank, gambling), etc. https://www.youtube.com/watch?v=FSh8eusFYL4&ab_channel=ColdF... Charles Schwab seems ok so far. Still researching... feedback…
My only downside with Schwab is the UI on their site. It seems very much geared to the boring investor, moreso than the checking account customer. Maybe some people prefer that, though.
HSBC is by far the worst banking experience I ever had. I only signed up for the generous sign up bonus. The app was very, very dated and only worked half the time. The website seemed to redirect you about 50 times on login, again, failing half the time. I could go on and on about how awful things were designed, but will not in the interest of time. I couldn't wait to get that money out and close it up. It's like the…
I figured no business could be profitable operating in such a clumsy way, indicating that "boring" retail banking was not the focus of their operations.
I am still choosing carefully my next bank without a dirty history. The majority had unethical or sinister practices: HSBC & Capital One (money laundering), Chase (gold & silver spoofing), Goldman Sachs (mortgage crisis), Wells Fargo (fake accounts), Robinhood (sort of a bank, gambling), etc. https://www.youtube.com/watch?v=FSh8eusFYL4&ab_channel=ColdF... Charles Schwab seems ok so far. Still researching... feedback…
I don't mean to be shilling for any single bank here, I just happen to be more familiar with the spoofing than the other cases.
Good. When I moved to the US from the UK, I already had British HSBC accounts, so thought it made sense to open up an HSBC account and credit card. Got a $200 credit limit (thanks?), awful app, terrible customer service...eventually got fed up and closed all my accounts. Good riddance. Also side note while I’m on the topic - to log into chase and do stuff, I enter my password. That’s it. To log into HSBC or any other…
HSBC also previously exited mass market retail banking in Japan, Korea, Brazil, and Turkey. (There's probably more, these are just the first ones I found.) Japan (actually exited both mass market and Premier retail banking): https://www.japantimes.co.jp/news/2012/02/24/business/hsbc-t... Korea: https://www.wsj.com/articles/SB10001424127887324853704578587... Brazil and Turkey: https://www.ft.com/content/85642fcc-e50d-…
I am still choosing carefully my next bank without a dirty history. The majority had unethical or sinister practices: HSBC & Capital One (money laundering), Chase (gold & silver spoofing), Goldman Sachs (mortgage crisis), Wells Fargo (fake accounts), Robinhood (sort of a bank, gambling), etc. https://www.youtube.com/watch?v=FSh8eusFYL4&ab_channel=ColdF... Charles Schwab seems ok so far. Still researching... feedback…
Can't help with dirty history, but on paper Schwab is hard to beat. AFAIK Schwab and Betterment are the only two left that do worldwide ATM fee coverage. My only downside with Schwab is the UI on their site. It seems very much geared to the boring investor, moreso than the checking account customer. Maybe some people prefer that, though.
I signed up for HSBC a few years back thinking they were a good “international” banking choice for people with ties abroad. Sure there are (were) HSBC locations in other countries but they wouldn’t treat you any different than a stranger on the street unless you had $100,000 in accounts there. Their international transfers and account opening services were very meh. Around the same time, I adopted Transferwise (now j…
Citibank may not be your favorite bank, but if you travel a lot, they have branches in many of the world's largest cities. I've been able to get local currency out of many Citi ATMs abroad with zero fees or problems.