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Another HSBC Rant

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  1. #11

    Join Date
    Sep 2010
    Posts
    250

    You should have asked her is she married (or planning to get married at some point) and if yes, will she and her husband elect for joint assessment for their salaries tax. If she said yes, you could have accused her of tax avoidance, according to her own logic.


  2. #12

    Join Date
    Sep 2017
    Location
    Mid-Levels
    Posts
    70

    They got you on the wrong side pal. You are better off leaving your financial engineering for audience on geoexpat!

    Go to central branch, will get done. I've banked with HSBC continuously since 2011 (base account is US!), few ups and downs in their process, but it works. Global view is fantastic, although took me few days to learn how to use them when I first found the need to use.

    shri, bdw and spode like this.

  3. #13

    Join Date
    May 2009
    Posts
    703

    Btw just keep in mind, if I’m not mistaken, global view works only if both (or more) accounts are in the same name(s).


  4. #14

    Join Date
    Aug 2009
    Posts
    1,845

    But now that you have given them your details, wont you be in the system and red flagged if you try to apply again?


  5. #15

    Join Date
    Nov 2005
    Location
    Cramped island
    Posts
    4,110

    u are dealing with a lady that has not read geoexpat and tries to interpret whatever you have been doing..
    they have absolutely no idea what is it you are going to do and would rather just say no than to take that bit of non existence risk..

    but like what Jrk said, why in the first place would you even tell her what you are trying to do... she would have absolutely no ideas and no way of knowing whats right and whats wrong

    shri likes this.

  6. #16

    Join Date
    Oct 2006
    Location
    Hong Kong
    Posts
    13,961

    OP sounds shady as fcuk. Pretending to have a "wife", dodging aussie taxes. Probably a drugs dealer. Not surprised HSBC ran a mile.

    Also probably found out about all his various loan scams. Remember, banks are about making money, not people trying to game the system to get money out of the banks.

    bdw, Andy SNK, shri and 4 others like this.

  7. #17
    bdw
    bdw is offline

    Join Date
    Feb 2009
    Posts
    5,822
    Quote Originally Posted by freeier:
    but like what Jrk said, why in the first place would you even tell her what you are trying to do... she would have absolutely no ideas and no way of knowing whats right and whats wrong
    Quite honestly, I popped in to the branch at lunch time to see if I have to make an appointment to open a new account before I drag the wife along with me, as well as to find out a few details about the global view and other fees and charges before I decide to go ahead with it. Then they asked to see my HKID card, I said actually the account is for my wife and not me, and then the questions started and it all went spiralling downhill from there, resulted in them accusing me of unethical behaviour, me storming out without getting an appointment or finding out what I wanted to know in the first place

    I'll calm down and try again another way. But really I'm not doing anything wrong. I just want to sell the shares I currently hold with Standard Chartered, give the money to my wife, she buys them again with HSBC. It''s that simple. It doesnt break any laws in HK or Australia, its a perfectly normal tactic that married couples do in Aus to put assets in the name of the person with the lower salary to minimise tax (still have to pay but at a lower rate). I have no problem if HSBC wants to start cracking down on unethical behaviour, but what on earth are they doing policing Australian taxation laws they don't understand in Hong Kong now? I think just a big miscommunication with this lady I met at a random branch today.
    AsianXpat0 likes this.

  8. #18

    Join Date
    Sep 2017
    Posts
    727

    After I cut off my relationship with HSBC, headaches are less frequent. Otherwise, like the OP, once I had the audacity to go into details as to why I was doing a certain transaction and it was a once in a lifetime "opportunity" to see myself embroiled in a heated argument that seemed longer than the Nile river. Never again HSBC!!!

    Of course, I didn't leave without receiving an apology first. As much as they piss you off, we have every right to do it right back to them, me thinks.


  9. #19

    Join Date
    Aug 2013
    Location
    The World
    Posts
    1,126

    Always keep things simple with the banks and don't volunteer too much information, otherwise you risk causing confusion.

    angeluscomplex likes this.

  10. #20

    Join Date
    Dec 2018
    Posts
    1,235

    I must be the only person on this planet who's always had good service from HSBC?

    Advice given to many clients over the years: never, ever volunteer information to a regulator that they haven't explicitly asked for. Since governments have legislated banks into acting as regulatory agents for them, the same applies to banks.

    AsianXpat0 and bdw like this.

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