Do not proceed without understanding your risks, you are relinquishing significant control of your account to the Banks sole discretion, 2. Do not expect the Jersey Team to be imbued with expertise in different jurisdictions despite selling themselves as an "Expat" Bank 3. Their tactics are to overload you with documentary evidences to protect themselves with the Regulator and Ombudsman justifying their restrictions and kicking the process into the "long grass" 4. Do not expect ease of access to their Safeguarding staff once you have been provided with their voluminous list of documents and do expect multiple telcon security questions almost designed to trip you up, they really dont want to talk to you and will fail you even for pre-booked calls three weeks prior 5. Do expect misrepresentations and duplitous behaviors, commitments were made in writing to pay emergency school fees from my restricted funds which they failed to remit and failed to answer any emails or calls to discuss status and disclose their intentions, I was forced to take a loan and transfer property ownership to my wife as loan security until they released the funds 6 months after the due date. This Bank will treat you with impunity for discretionary perceived risk and anyone opening or maintaining an account with this Bank should proceed with extreme caution as they are focused entirely on avoiding regulator penalties, the so called "safeguarding" team do not talk to the onboaring team so do not expect your KYC compliance and congratulatory "Welcome to your Expat Account" means you are cleared, only AFTER you remit funds and the account holder terms and conditions apply do they ask detailed questions. My funds over GBP250K were frozen for a year to the day with the Ombudsman effectively stating the Banks is entitled to ask questions straight after my sole remittance and effectively deploy this entrapment approach coercing you to activate the account then to restrict funds within 10 days despite your KYC disclosure. This ancient relic of a bank has seen better days, far better options exist for Expats and clearly now singularly motivated solely to protect their self interest and paranoia with regard to more punitive fines and penalties globally. I sincerely hope this saves anyone from the lost year of my life being placed in severe financial jeopardy for being too trusting in the Banks processes. Finally, If you are assigned a certain Mr Mark Rabet Senior Safeguarding Officer, a salaried jobsworth I stongly encourage you immediately request a replacement Case Officer, given his track record on here and other platforms. Committing to pay school fees then not following through is tantamount to clear unethical behaviour and you have very little recourse in Jersey - avoid at all costs and protect your assets and family.
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