HSBC Business Bank Account Reviews

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HSBC Business Bank Account
HSBC Business Bank Account

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Latest Reviews

★☆☆☆☆

“Surprisingly bad”

Written on: 15/09/2017 by Wallace158 (1 review written)

Suckered in by their adverts and apparent speed of opening an account I started the process. Heard nothing back at all which was alarming because I had clients I needed to invoice but couldn't without bank details. I got no response and logging in was impossible because the security info I gave them that I know was correct wasn't accepted and my account was frozen. I phoned numerous times on numerous days but couldn't get through and waited on hold up to about 14 minutes each time with phone… Read Full Review

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★☆☆☆☆

“Simply awful”

Written on: 04/08/2017 by MariaPhillips28 (1 review written)

I've recently opened a business account with HSBC and regretting the day I decided to do so. Unbelievable level of incompetence and unnecessary biurocracy. Their Internet banking runs on the basis like the internet had just been invented. Avoid at all costs!… Read Full Review

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★☆☆☆☆

“Avoid at all costs!”

Written on: 02/08/2017 by Cuero (1 review written)

I recently opened HSBC business account and regret the day I made that decision. INCREDIBLY backwards and unnecessarily complicated beyond belief. Filling form after form and getting authorisation to use your own money takes absolute ages and their internet banking system operates like the internet was invented yesterday… Read Full Review

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★☆☆☆☆

“Painful”

Written on: 14/07/2017 by Jamisongq40 (1 review written)

Took ages to open an account, lost documents, rigid appointment times, call centre slow to get back to us etc. 2 years later and every contact with the team is painful, no advisors or staff are willing to help. … Read Full Review

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★★★★☆

“Quick turnaround application process”

Written on: 12/02/2016

I read the reviews for the HSBC Business Account on here. And, I have to say that I was worried. I carried out extensive research. None of the business account offers 'leaped' at me. I chose HSBC (with 18 months free banking) in the end. Purely as I have a personal account. The application process is LONG. Top tip: make sure you have your documents and numbers ready. Some of the questions are arduous. This resulted in me contacting the Live Chat advisor, as well as speaking to customer… Read Full Review

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★☆☆☆☆

“Shockingly inept”

Written on: 30/01/2016 by uaChurch312 (1 review written)

Attempts to create business account were a nightmare. Head office say one thing, branch say another and some arrogant upstart being funny and doubting what I say and told him to stop being funny or else!. Told them that if they are like this now, god knows what that lot will be like if I actually had an account. Told them to shove it where the sun don't shine. Anyone, no matter what, just avoid this desperate shambles of an inept bank. They truly are shocking!. One star rating is far to high… Read Full Review

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★☆☆☆☆

“Business banking nightmare”

Written on: 21/12/2015 by Lvtm (1 review written)

Business banking customer. I made an international payment of £1100 for goods and their fraud team stopped my payment and asked me the date of birth and passport number etc of my supplier ( all confidential details about him) I provided that money released. Next time again I paid for the goods and their team stopped my payment indefinitely. Asked me to provide the same details of the same person again. Is it a joke ! Third time again I paid for the goods and team stopped my payment asked the… Read Full Review

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★☆☆☆☆

“Unprofessional and slow service”

Written on: 26/11/2015 by DavionCooley (1 review written)

Like several reviewers, I found it painfully slow to open a business account with HSBC. I was told I needed a telephone interview at the end of the long and tedious online and postal application stages, and when I was finally called, 2 weeks after making my application, I was told the interview, which they had arranged themselves, was with the wrong office. Instead of rescheduling the interview with the right office as a matter of urgency, they told me it would take 48 hours for a request for… Read Full Review

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★☆☆☆☆

“Invasion of Privacy- Poor Experience”

Written on: 13/11/2015 by zpSpencer312 (1 review written)

My partner and I were referred to HSBC to open our new Start up business bank account at HSBC. We are both US citizens and we have a fully registered company now in Hong Kong. The minute we walked in they wanted to know our revenues, how much money we are going to deposit every month. Explainedd to them that we are a start up. then they wanted to know about our previous business, how much revenue we did, how much we sold the company for and more.. Absolute non sense. After we resisted to giving… Read Full Review

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★☆☆☆☆

“Painful account opening, unacceptable turnaround times”

Written on: 03/04/2015 by Carterp283 (1 review written)

June 2011 - 1st Business account opened some years ago, took 1 hour in branch. September 2013 - 2nd account opened on the phone (new business), took over 8 weeks. no explanation given. January 2014 - 3rd account opened (another new business) and still waiting. Currently 5 visits with ID into branches (seems the regular staff just take a copy, but don't bother to upload onto the system so business account opening can't see it). Endless codes sent by text and email. They have me doing what… Read Full Review

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★☆☆☆☆

“setting up a new business account from an existing bus...”

Written on: 01/04/2015 by Heaveng72 (1 review written)

Already have a business account, now Ltd and what a mess, its three weeks later and I'm struggling with all these texted codes and emails. Im definitely going to Barclays as Ive had enough especially after one of your customer advisors said its normal to take ages… if business takes ages then your definitely the wrong bank for my business… Read Full Review

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★★★★★

“super fast and very helpful customer services”

Written on: 30/07/2014 by 161Devine (1 review written)

i recently setup media production company and apply online for business bank account, and trust me i have not call them once, they were so helpful with me, even i did some mistakes filling up online application which they sort out for me later on,,,,i give them 10/10… Read Full Review

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★☆☆☆☆

“Bad”

Written on: 11/07/2014 by Idontlikeusername (1 review written)

We waited over month and half! My business partner already had a account and needed upgrade. I had to go to bank twice to prove my address , name etc. i spent there two hours , 4 different people told me different things, stressfull ! I would not recommend at all… Read Full Review

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★★☆☆☆

“Painful...”

Written on: 25/06/2014 by Bailey109 (1 review written)

Made an application online for a basic business bank account. Waited 10 days for a decision only to receive an email saying to call them... unfortunately they're only open between 9-5 during which time I'm at work so had to wait a week to call them on my day off... only to be told that I need a telephone appointment with a business banking advisor to 'review' the application, the first appointment is in 1 week. ARGH! Asked the guy what the point in making an application online is if I have to… Read Full Review

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★☆☆☆☆

“HSBC say "Every business has its own story"”

Written on: 08/06/2014 by AlexanderCochran155 (1 review written)

My letter to hsbc CEO and Complain department.   I want to write to you in regards to my experience with your current HSBC account opening process and it's operations. I understand that there is allot of checks that need to be done. I understand that you need to make sure that the company is fit for business. I understand that you have the right to refuse applications. But the experience I have had so far with trying to open a bank account is a nightmare. I believe HSBC business phone… Read Full Review

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★☆☆☆☆

“Does HSBC really want new customers?”

Written on: 18/05/2014 by Alanvee (27 reviews written)

I made an application for a new business account on line, the web site advised 3 to 5 working days for a decision. After 10 I received an email asking me to ring an 0845 number to complete the process. I did this for a week – every day several times but just got to listen to very very poor quality music for periods of up to 30 minutes when I would give up. I then received a mail stating that unless I call the 0846 number I will have to start all over again with the application. I don’t have… Read Full Review

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★☆☆☆☆

“Worst Experience in Opening an Online Business Account”

Written on: 17/04/2014 by Briannau35 (1 review written)

Applied for a business account online as suggested by the bank tat its quicker & easier. After many calls & many visits to my local branch after nearly 40 days we have got as far as to that all documentation is showing up to date & now since last week awaiting a decision. How long that takes I have no idea. Despite of all documents handed over to the bank it took them 10 days to bring this up online. talking to their customer services they just repeat "oh they need your this document" and when… Read Full Review

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★☆☆☆☆

“HSBC Appalling, and treats all customers like criminals”

Written on: 23/03/2014 by th1234 (2 reviews written)

I've been with HSBC for over 25 yrs now. I have a personal account, a business account and a overseas account. I tried opening an international currency account as my business is now international - my clients in SE Asia, Middle East, US. I don't have a massive turnover, it's fairly modest, but not small. Virtually all my transactions are electronic and auditable. Cash transactions are for petty cash purchases and limited to no more that a few hundred a month (if that). HSBC International… Read Full Review

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Salameh's Response to th1234's Review

Written on: 09/06/2014

Mate, welcome to the club. Advise to you is to write to the CEO's office. Please Google CEO email and find HSBC. Write to them, this is what I did.

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M0N1K3R's reply to Salameh's Comment

Written on: 20/12/2015

We have been appointed an HSBC relationship manager, and since then nothing ever happens. We have been waiting for six months to get an USD currency account opened. She is even actively trying to persuade us to switch to a different bank, as they apparently does not want to deal with small businesses anymore.

The reason, I've been told, is all the fines that HSBC has been charged around the world, making them extremely risk adverse and basically only wanting big, public companies as clients nowadays.

We are looking to move away from them, but to what? All the other big ones appear to be equally bad, and the small banks don't have the facilities we need.

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★★☆☆☆

“Not interested in new customers”

Written on: 03/03/2014 by Broussard284 (1 review written)

Applying for and setting up a HSBC Card has been near impossible, with the application process taking around a month. Their email notification system is backwards - you log in online to check where the status is, which then triggers and email to tell you to log in online. Dealing with customer service on the phone was just as difficult. Once approved, card activated, have had a lot of trouble activating online services, being run around in circles, directed to the website, which directs you to… Read Full Review

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Th1234's Comment

Written on: 24/03/2014

It's only interested in mexican or columbian drug cartels or dubious dictators who stash large sums in their accounts or weapons manufacturers who wish to open 'expense' accounts for princes...

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★★★★★

“Excellent customer service! Very quick and helpful....”

Written on: 25/02/2014

Excellent customer service! Very quick and helpful. 100% recommended!… Read Full Review

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Th1234's Comment

Written on: 23/03/2014

This looks like a false entry. In what way was it helpful? What did you require them to do? How can you say they are value for money - they charge you to have a large cash sum in their bank and pay little interest lol

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