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HSBC is cutting back in the U.S. after its 2003 purchase of Household International Inc. required it to set aside more than $65 billion for bad loans

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HSBC never presents check for payment, claims NSF

RS said: “I always send in my payment by check on time and when i received the following bill it showed that they never received the payment from my bank. HSBC said the payment was returned for insufficent funds, HSBC tacked other late fees also. I immediately called my bank to see why the check wasn’t paid and they told me that they have no record of HSBC asking for payment on that specific check.

My bank said that check never went into their system for payment. I was able to clear this issue up by sending in a copy of the check, and letters from my bank. All late fees and charges were returned to me. It took a long time to clear this issue but one lesson I did learn was never to use this HSBC credit card again! BEWARE!”

Posted By Timothy Blake

HSBC Watch is a watchdog and consumer activist coalition.

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UPDATE NOTE: HSBC car loans were sold to Santander USA in 2010 :: Most HSBC credit cards became Capital One credit cards in 2012 :: HSBC horrible predatory home mortgages are in run-off