http://www.hsbcdirect.com/1/2/1/offer?code=PPGD900000

Anybody here have an account with them? are they legit as in will I get my money back?

And can I take money out anytime I want to without a penalty?

2/13/2007 2:30:40 AM

please do share

2/13/2007 2:39:09 AM

I mean, how do I find out if they are legit? who do I ask? do they have deposit protection like B of A and Wachovia etc have for $100,000 of your deposits etc.. that's what I meant.

2/13/2007 2:40:49 AM

you mean "are they fdic insured?"

http://www.hsbcdirect.com/1/2/1/osa/learn-more?code=PPGD900000

[Edited on February 13, 2007 at 2:43 AM. Reason : m]

2/13/2007 2:42:22 AM

thanks.. I guess they are.

Never heard of them before, that's why I was a little skeptic

2/13/2007 2:48:33 AM

HSBC is a pretty damn big International Bank btw

2/13/2007 3:56:43 AM

hahaha how can you have never heard of HSBC before?

2/13/2007 5:20:52 AM

Just keep in mind that it's 6% until April 30th, 2007. Then it goes back to 5.05.

Now is a great time to start an account though.

[Edited on February 13, 2007 at 7:04 AM. Reason : .]

2/13/2007 7:04:32 AM

Quote :

"are they legit as in will I get my money back? "

Wow, you mean you've really never heard of HSBC?

2/13/2007 7:46:33 AM

HSBC, definitely fly by night operation

2/13/2007 8:15:37 AM

I have a HSBC Direct account. Yes it's legit. Yes you can take money without penalty. Also, unlike the other "direct" accounts like ING and Emigrant, you get an ATM card.

HSBC operates a regular brick and mortar bank, but not around here. They are mostly in the NE and west coast. That's why most people have never heard of them.

Quote :

"hahaha how can you have never heard of HSBC before?"

Guess he's not from Jersey.

[Edited on February 13, 2007 at 8:37 AM. Reason : ?]

2/13/2007 8:27:09 AM

i bought some CDs, then i started thinking about it more and realized i dont want to play the waiting game with my money for such a comparably small return.

in other words, when i cash that shit out im going to vegas

2/13/2007 8:46:14 AM

I've heard of HSBC before, its just that I never transacted any business with them, or don't know anyone who have either.

2/13/2007 10:18:49 AM

Quote :

"Guess he's not from Jersey."

or any other country in the world lol...we have them in Egypt and in europe.

2/13/2007 10:50:00 AM

HSBC is so big they were a primary sponser for a Formula One racing team for like 4 years

2/13/2007 11:45:21 AM

isn't HSBC HongKong Savings Bank of China or something?

2/13/2007 12:22:09 PM

Whatever, they don't do business or advertise within like 500 miles of here. I never heard of them until I cam across HSBCDirect online.

2/13/2007 12:50:53 PM

Hongkong and Shanghai Banking Corporation was the start of it. Its HSBC Holding plc now though They are one of the largest financial organizations in the world

2/13/2007 1:51:38 PM

yeah, you'd pretty much have to live in a bubble to not have heard of them.

2/13/2007 4:52:14 PM

that's bullshit

2/13/2007 5:54:53 PM

do you have a mastercard ?

2/13/2007 5:56:44 PM

^ I love your name

2/13/2007 6:01:48 PM

Quote :

"yeah, you'd pretty much have to live in a bubble to not have heard of them."

exactly.

i peed my pants when i read: are they legit?

you really have to be living in a bubble if you are an educated american to not have heard of them, let alone they they are the largest banking group in the world.

http://en.wikipedia.org/wiki/Hsbc

Quote :

"HSBC Holdings plc (LSE: HSBA, SEHK: 005, NYSE: HBC, Euronext: HSBC, BSX: 1077223879) is one of the largest banking groups in the world, ranked the fifth-largest company and third-largest banking company in the world in Forbes Global 2000. Its head office is located in the HSBC Tower in London's Canary Wharf. The group is named after its founding member, the Hongkong and Shanghai Banking Corporation, a bank established by Thomas Sutherland, a Scot, to finance British trade in the Far East in 1865. The bank is the largest corporation in the world in terms of assets [1](As of Jun 30, $1.74 trillion while Citigroup reported $1.63 trillion).[2] It reports its results in United States dollars since 80% of its earnings originate from outside the United Kingdom. Nearly 22% of its earnings are from operations in Hong Kong, where it was headquartered until 1991. It is the largest bank in Hong Kong, and at the end of 2005 was the largest banking group in the world by Tier 1 capital[3]."

2/13/2007 6:04:48 PM

started an HSBC savings last year because they had the highest rate... theres no fee for your first like 5 bank-to-bank transfers per month. i've only ever put money in, and even if i was taking it out, it wouldnt be every week, it'd be a 1 time thing.

when they started this 6% promotion i moved a couple thousand more in there.

2/13/2007 6:06:41 PM

I've been thinking about this lately. I opened up savings account a few months ago at First Citizen's. I think they are giving me like half a percent on the best account they could offer me. Also there is a $1000 minimum balance. This HSBC seems too good to be true: no minimum balance, no monthly fees. Even a CD offers a lower rate. Am I missing something?



[Edited on February 20, 2007 at 10:33 AM. Reason : ]

2/20/2007 10:31:12 AM

i ended up going with emigrant direct and get 5.05%

been good so far

2/20/2007 11:34:41 AM

The only thing I can think of is that you would have easier access to your money with FC. However, that really isn't true with HSBC, b/c they give you an ATM card. However, there aren't any HSBC's around here, so you would pay an ATM fee.

The only other thing is that you primarily manage your account on the internet, which would be a deal breaker for some people, but not our generation.

[Edited on February 20, 2007 at 11:38 AM. Reason : ?]

2/20/2007 11:37:06 AM