Beware of HSBC Expat

[FreedomSearcher]

Expect it to take around half a year.

Have you experienced this?

How could it be acceptable to hold innocent people's money for 6 months?

 

[JackAlabama]

Have you experienced this?

How could it be acceptable to hold innocent people's money for 6 months?

its normal with banking. Luckily its only 6 months.
I know of a country which is very famous for banking and many folks here have accounts in (including me) where money can be held for 10 years counting or whose banks apply other sneaky methods to screw you (more or less legally).

 

[thomasparra]

its normal with banking. Luckily its only 6 months.
I know of a country which is very famous for banking and many folks here have accounts in (including me) where money can be held for 10 years counting or whose banks apply other sneaky methods to screw you (more or less legally).

This would never fly in West Europe. Must be an offshore center where consumer protection law is pretty much inexistant.

 

[FreedomSearcher]

its normal with banking. Luckily its only 6 months.

Wow. Banks are even worse than I thought. Just terrible.

 

[happyjohn]

its normal with banking. Luckily its only 6 months.
I know of a country which is very famous for banking and many folks here have accounts in (including me) where money can be held for 10 years counting or whose banks apply other sneaky methods to screw you (more or less legally).

What country is that? Dubai ?

 

[A2934]

Generally I would say do as much noise as you can, email their PR email, tag them on Twitter on every post they write, post on Reddit, post on their Facebook page.
The more noise you make, the sooner somebody will realise it's better for them to give you your money back rather than you keep spreading negativity on their social media.
It worked for me with some EMIs in the past.

Good idea in principle, but difficult if you thereby make yourself embarassing because many people think where there is smoke there is fire

 

[A2934]

No usually it's the bank not the government.

Yes, banks usually are eager to act even in light of the smallest potential problem because many got fined for lack of proper AML measures quite heavily

 

[A2934]

Now, 1 month later, my account is still frozen.

Did you get any explanation? Or do you have any guesses?