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speculation: when you bank at a physical branch they have you on video, which reduces fraud risk
by dustingetz 12y ago
speculation: when you bank at a physical branch they have you on video, which reduces fraud risk
- jzwinck 12y agoI'll give you a concrete example of something that HSBC UK requires visiting the branch for: opening a Certificate of Deposit. That is, if you have money already in their bank, and you want to take some from your current or savings account and move it to a CD, you must do it in person at the branch. The CD would be in the same name as the account the money came from; there is no risk to the bank at all. Yet they require a scheduled appointment at a limited selection of branches.
- pyre 12y agoSo they can pitch other services to you?
- bazookajoes 12y agoHSBC is also not a competitive bank - they have some of worst interest rates on the planet. HSBC is telling their customers to take their business elsewhere without so many words.