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HSBC debits accounts two or three times

  • 20 December, 2007 -
  • 2007 HSBC -
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It seems HSBC Finance has debited customers accounts more than once – up to three times according to some customers. HSBC Finance, formerly predatory lender Household International, attributed the problem to a computer glitch. The explanations says little, but some customers are saying a lot. One customer said he went online to pay bills and noticed his balance was much lower than he expected. According to one radio website the man’s $400 payment was debited three times. Happy holidays could be ruined for some, as many HSBC Finance customers are sub-prime, thus they do not have a lot in checking in the first place.

There is no word on how HSBC will compensate customers overdrawn or otherwise effected by the mistake

Posted By Timothy Blake

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HSBC USA Fail

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

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