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Banks like HSBC may seem and claim to help you between countries, but this is rarely the case. The problem is regulations, they really do operate in regional s
by kokey 15y ago
Banks like HSBC may seem and claim to help you between countries, but this is rarely the case. The problem is regulations, they really do operate in regional silos except perhaps on advice (and where the profits go). For example my HSBC account in the UK doesn't help me in opening an account in the US, even if I just moved to the US. It also doesn't speed things up when I want to transfer money to an HSBC account in Hong Kong.
- jarek 15y agoHSBC has a somewhat-premium Advance service that specifically claims to help opening accounts when you move countries and move money and banking history. Was that what you were using in the UK? (That being said, apparently HSBC in the USA isn't all that great in general.) Perhaps their commercial/merchant banking can do similar things?
- goatforce5 15y agoCitibank branches around the world really go out of their way to help you when you appear on their doorstep with a Citibank account from another country. My Citibank UK account absolutely helped in opening a Citibank US account. I also seem to recall it was quicker and/or cheaper to transfer money internationally between Citibank accounts.