HSBC are reviewing and closing up to 300,000 bank accounts, ostensibly as a "fraud prevention" issue:
Quote:
HSBC is reviewing nearly 300,000 customer current accounts to assess whether or not they should be closed.
The bank said it was undertaking a review as a fraud prevention measure.
It wanted to be sure the accounts were being used for the reasons given by the customer at the time of opening.
Following the review the bank has written to 27,000 customers telling them to take their business elsewhere within 30 days.
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Got to admit, I find this intriguing - on the one hand, maybe they're just looking to close accounts that haven't been active for some time, or else perhaps have out of date information in them.
However, for them to put an "anti-fraud" spin on the action seems somewhat damning in the least for those who do find themselves caught up with a closure notice from HSBC.
10-09-2006, 07:45 AM
HSBC closing 300,000 accounts
