Why would HSBC close my accts without ant reason? I am of excellent character so why?

Answer 1

The only way to know is to contact them ad ask them it may have been an error and nothing to do with anything you have done.

Answer 2

Best advice go and see them and ask why, it could be an error. However, some banks are upgrading accounts to those that you have to pay a fee to use - between £5 and £15 a month. These are supposed to offer your certain benefits - like insurance etc. It's a con as their insurances are not as good as those on the high street. Interest paid on credit in these accounts is also very low. If this has happened don't accept it and ask for your old account back. Another reason they close accounts is if you have successfully challenged them over the charges they have made against your account, Abbey National make a habit of this! Either way if your accounts are in good order they do not have the right to cancel them.

Answer 3

I think with some banks they dont have to give notice, they just expect you to read the small print when you open the account.

Bounced checques,going over your agreed overdraft every month or something? those are the only logical things I can think of

Could maybe be identity theft, find out from the bank.

call 08457404404 ask to speak to customer care.

If you have checked your credit file, they may just close your account because they saw something on it to another creditor that looked dodgy! Which is strange to me because if you are managing your account with HSBC there should not be a problem with other creditors, if there was a problem with other creditors they would not have given you the account!

Saying that though, HSBC bank account are not on the credit file (if you are in the UK), I looked on Equifax and my call credit I am not sure about Experian, if they have HSBC bank accounts on their credit files

Answer 4

It is a very serious matter, banks do not do that sort of thing without very good reason.

If as you say you are blameless and are not a terrorist suspect, you are most probably the victim of some crook who has been impersonating you.

Seek an urgent meeting with the branch manager, put on a tie, take all your bank records and pay slips with you and sort things out. Verbally he can tell you things he might not want to put in writing.

Answer 5

You should check your credit report to find out why. Universal default is a practice of credit card issuers whereby they may make decisions on your credit accounts based on how you handle other credit and debt accounts. They likely saw something on your credit report during one of their routine account reviews that signaled an increase in risk.

If you have not done anything to jeopardize your credit, then it is possible that someone else has. You should pull your credit report to make sure you are not a victim of identity theft. It is free to pull your credit report as long as you do not purchase the score.

Answer 6

I think this is one for HSBC my friend. There could be a myriad of reasons including a mistake or hijacked account. You really need to speak them.

Answer 7

Have you tried asking the HSBC your self? they will not take such heavy action without contacting you by letter, what did that say?

Maybe you are not being honest with yourself.

Answer 8

They wouldn't unless its a mistake. Ask them why, it may be because:

Your identity has been used by a person committing fraud.

You are on the govt list of undesirables (ie involved/suspected of being involved in terrorism) this has happened a lot recently.

Unless you ask them, you will never know.

Answer 9

I had so many problems with that bank - would never recommend them to anyone. Wouldn't put them past many things. They probably used the money to pay for Arms in war-torn countries like most banks do. SPIT!

Answer 10

check your credit report. My wfargo cards were closed because of hospital bills on my report