Hsbc Online Personal Banking

Is there anyway to setup a direct deposit from a personal Chase bank account to a personal HSBC account? I haven't been able to find a way but it seems like it must be possible.

If accounts belong to the same owner, it's possible, but Chase will charge $3 for each transfer (go to "Transfers" in Chase online banking).

Transferring money to someone else's account is not possible directly. As far as I know, ING Direct is the only bank that allows electronic payments directly to other people's accounts at other banks. Many banks let you transfer money electronically to someone else with an account at the same bank.

2009-10-24 09:41:30 by nickytickyboomboom

Consumer insight assignment of Rebecca, Shin

This is for Personal Internet Banking and is the number required after the Internet Banking user ID has been entered. After I have logged on by entering my date of birth and the security number, I do not see any option to change it in the account settings.

The Online Banking security number was made when my bank account was opened. It is a 6-10 digit number.
The security number wasn't randomly selected. I chose it when the bank account was being opened.

Thanks anyway spring_rainbows.

call the bank

2009-06-26 13:33:44 by Steve_Roxo

I would be interested in learning of personal accounts using ING Direct and HSBC Direct savings / banking. After initial research it seems like these two are the most praised. Do interest rates vary greatly? Is it easy to transfer funds between accounts? What about ATM’s? Just starting to investigate… as I travel quite a bit thought that an online version may be a good bet.
Also... is one easier to use abroad?

I have ING Direct. My rate has gone up from 3.50% APY to 4.50% in the past year. It is very easy to transfer and they have alot of security measures. When I make a deposit into my checking account (another bank), I just go online and transfer money to the ING account and it can be done vice versa as well. It takes about 2 days.

2007-02-13 11:26:36 by wprincess

I am trying to decide between FNBO Direct, HSBC Direct, and ING Direct. They seem similar from reviews but do any of you have personal experience that you are willing to share? Which company has the most credibility? It seems ING is favored by a lot but I am not sure why.

Thanks!

I've had an ING Direct savings account for a little over a year now. I've never heard of FNBO Direct, but I have heard of HSBC Direct. As far as credibility goes, both ING and HSBC (probably FNBO too) are FDIC-insured up to $100,000 (or $200,000 for joint accounts). This means that in the event the bank goes under, you will not lose your savings provided that it's under this limit. Also, both ING and HSBC have great security systems in place that will protect your account information. Online banks are as good as (or in most cases, better than) traditional savings banks when it comes to keeping your information safe and secure.

ING in particular is favored a lot because they have an extremely user-friendly website and pay great interest rates when compared to most brick-and-mortar banks. Their website is one of the cleanest and easiest-to-use websites on the internet. Also, online-only banks have fewer expenses to deal with than traditional banks. This expense structure sets up a system where they can offer savers much better rates. Currently, ING has a 2.4% APY savings rate, which is around five times the national average. They also have a great referral program. Banks earn their money by investing their saver's money when they aren't using it. As a result, it makes financial sense for a bank to have as many customers as possible because they can achieve economies of scale. To this end, they've developed a referral program. If you sign up for one of their savings accounts with a $250 minimum deposit using someone's referral code, ING will pay you $25. The only catch is that you must leave your money in there for at least 30 days, but after that, you're free to do what you want with it. I've included one of their links below:

http://home.ingdirect.com/promo/promo_se t.asp?t=%a2%4f%73%74%7a%6e%6d%76%71%6e%6 d%71%6e%a6%7a%72%6e%6f%6e%73%6e%6d

Full disclosure: I would get $10 from ING for referring you if you sign up. The good thing is that you are free to refer friends and family to ING yourself once you sign up. In 2008, I referred 17 people to the site (a few I knew in real life, but mostly people from the internet). At $10 a person, this amounts to $170 in free money. Once you add in the $25 sign up bonus, I earned $195 in free money last year, not including the interest I earned on the money I had saved in the bank. It's really a great deal, and as I mentioned, you're not going to be able to find the interest rates available at ING anywhere at brick-and-mortar banks. Anyway, for more information or questions, feel free to send me a message at jts5009@gmail.com. Good luck!

2009-01-30 17:25:47 by newprofessional

I want to open an online savings account because my personal savings at my bank is earning me practically no money. I am a bit confused about APY. Will I be earning 1.85% at HSBC (if this is where I plan to open an account) per month or per year?? It's really confusing me. I want to make money!!!

APY stands for Annual Percentage Yield. Therefore, if the account says 1.85%APY then you would receive 1.85% a year. If you kept the money in the account for half a year, 6 months, then you would divide the APY by 2 because it is only half the year.

Mark

2009-03-15 09:18:31 by Danceski23