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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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Posts Tagged ‘ Virginia ’

9 April
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HSBC Savings Account Withholds 28 Percent Taxes

GG in Virginia gives this analysis of HSBC savings accounts:  “I just looked at my statement on my internet savings account with HSBC.  They withhold 28% federal income tax from my interest which drives the advertised interest rate of 5.37% to 3.87%.  I am in the 15% marginal tax bracket. [...]

Bill paid off, then got a new bill from HSBC

JD in West Virginia asks:  ” I wanted to pay off my HSBC credit card. My due date was 12/19. My payment IN FULL of the entire “new balance” on my bill was posted/credited to my account by them on 12/05, a full two weeks before it was due. I [...]

16 January

HSBC Mortgage causes constant phone calls

TP in Virginia says “We had our mortgage through HSBC. They’d call us 10-15 times a day if our payment wasn’t received within 3 days of the due date (despite our 15 day grace period) forcing us to change our telephone numbers more than once (they even hounded me at [...]