Us Hsbc Is Raising Fees For Atm Cash Withdrawals.

[daxbr]

"Effective November 5, 2007, the currency conversion fee for foreign transaction will increase from 1% to 3% for all qualifying Debit & ATM card transactions. Excludes Premier Checking, Premier Investor and Premier Asset Management Accounts"

Goodbye HSBC.

Hello BOFI, USAA and local credit union.

[cclub75]

"Effective November 5, 2007, the currency conversion fee for foreign transaction will increase from 1% to 3% for all qualifying Debit & ATM card transactions. Excludes Premier Checking, Premier Investor and Premier Asset Management Accounts"

Goodbye HSBC.

Hello BOFI, USAA and local credit union.

That's really unfair !

I mean... they have to increase... because of the price of... oil !

;-)

I'm reading right now a very good book : Asian Godfathers.

The author speaks about HSBC, the history of the bank (opium trade) etc... Very interesting. And then, the fact that HSBC was de facto the central bank of Hong Kong, with the privilege to print bills... And enjoyed many other monopolistic sources of thick revenues...

Plus their recent history of profits (HSBC is one of the most profitable banks in the woooooooooooorld).

So, yes indeed, now I understand the hike for ATM cards. It makes perfectly sense.

Disclaimer : I am a customer of HSBC...

Edited October 16, 2007 by cclub75

[Rinrada]

Dump them ...easy..init....