jeepbrew said:

Check this page out:

http://www.us.hsbc.com/1/2/3/personal/online-services/personal-internet-banking/banktobanktransfers

On this page:
Bank to Bank Transfers fee
No transaction fees if you transfer money into your HSBC accounts from your non-HSBC accounts
A $3.00 transaction fee will be charged for each outbound transfer from your HSBC accounts to your non-HSBC accounts
No transaction fees will be charged for HSBC OnlineSavings, Domestic Private Banking or HSBC Premier customers

Are we not HSBC OnlineSavings customers if we sign up for this online account? So it must be free?

Are you Sure you transfered from ING and Emigrant directly to the HSBC online savings account without going through a checking account?

I have two checking accounts liked to my HSBC but I could not Link ING. The Bank-To-Bank transfer would not recognize INGDirect's routing number.

You are correct about no fees, I have not been charged for any of the transfers.

I also read in another thread that since INGDirect is a Saving account and not a checking account that is the problem with HSBC's Bank-to-bank feature.

I know you could transfer from ING to a checking account either at HSBC or elsewhere and then send it to the Online savings. I have done that, but its two steps.

If you really did INGDirect Orange Savings to HSBC Online Savings, how about giving us the steps required. This would be cool as it would save the double transfer and lost interest time.

Also if you are applying for a new account be sure to get the ATM card as they require it for the Bank-To-Bank transfer feature.


Cheers

Wizard83


jeepbrew said:getamail said:
So I guess we can move money between ING and HSBC OnlineSavings. Am I right? The other question is: if I want to move from ING to HSBC, should I push from ING or PULL from HSBC? which way is better? and how about move from HSBC to ING?

Yes, you can move money from any bank to HSBC. There are no fees whatsoever. I have had a HSBC Online Savings account for a few months now and have moved money from ING, Emigrant, USAA, Compass Bank, and ETrade... no fees at all. As a note, I usually pull from HSBC; however, there is no particular reason as to why I do so.

khakuda said:There are no fees on the HSBC account. It was set up to compete with ING and ED, with the added benefit of an ATM card good globally. Great when traveling overseas, as it helps you avoid charges from overseas banks.


If you are travelling overseas, does anyone have experience if HSBC is better / worse that Citi in terms of exchange rates when you withdraw from ATMs worldwide?

luckymndog said:MosDeft said:Everything with HSBC Online is free, pushes and pulls.
Let me clarify. ACH push is free. ACH pull is also free and that is nice. However, wire transfers are not free. $15 for incoming wire transfer is not nice at all (I was charged that; most banks don't charge for incoming wire). $30 for outgoing wire is ok.

Well yeah that's what I meant, but what FWers wires money anyways

As for transferring straight from ING, I haven't been able to do it either and have to go through a checking account...but I may be missing something.

I always thought it was a Fed regulation that online savings bank accounts have a primary link to a checking account.

omarECD said:Is it possible to convert an existing HSBC Branch savings account to a HSBC Online Savings Account?

I would like to keep the account age for credit report purposes.

Your savings account is on your credit report? I've never heard of that before.

omarECD said:demingy said:omarECD said:Is it possible to convert an existing HSBC Branch savings account to a HSBC Online Savings Account?

I would like to keep the account age for credit report purposes.

Your savings account is on your credit report? I've never heard of that before.

Yup, all bank accounts are.

Sorry, I was thinking of the major three--I tend to forget about the others.

omarECD said:I've always had all my bank accounts listed on my credit reports- and I'm talking about the major 3 bureaus.

LOL, troll, go away

Just received my $25 bonus for account opened in Sept.

Already got the $50 bonus for checking.

its been a long time since i opened a deposit account of any type. can someone say if opening this account results in a hard credit check? the reason i ask is the following pop up while starting the application -

What do you do with my Social Security number?
Federal law requires us to obtain, verify, and record information that identifies each person that opens an account. Accordingly, when you apply to open an account, we are required to ask for a government-issued identification number, such as your Social Security number, to assist us in verifying your identity. This information will not be used for any other purpose. We appreciate your cooperation.


Note sure that this is a hard check but i just want to know what to expect.
TIA