Add Me!Close Menu Navigation

Your HSBC Watchdog

Add Me!Open Categories Menu

HSBC debits accounts two or three times

  • 20 December, 2007 -
  • 2007 HSBC -
  • Tags :
  • Comments Off

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

Comments are closed.


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