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To be fair, big banks like HSBC and Barclays also do this. Plenty of horror stories around. There needs to be a law so they could at least notify people a month
by jotm 7y ago
To be fair, big banks like HSBC and Barclays also do this. Plenty of horror stories around. There needs to be a law so they could at least notify people a month or two beforehand and provide a reason...
- balola 7y agoI believe there is a law allowing them not to provide any reason.
- mytailorisrich 7y agoRather, there is no law that forces them to give a reason. It's like any business relationship: One party may decide to terminate the relation as long as they respect the contract. They don't have to provide a reason (why would they?) That said, usually contracts state a minimum notice period.
- valdiorn 7y ago*requiring
- dazc 7y agoOn the odd occasion I've had an issue with Barclays I have been able to walk into a branch and speak to a nice person who has fixed the problem on the spot. Old style banks have their problems but this isn't one of them. I've had a revolut account that vanished overnight (thankfully there was only 1 euro in it at the time). I also have Monzo but will only use it for small everyday transactions.
- paulie_a 7y agoWhich is funny because hbsc is the go-to bank for cartels