HSBC Step Up Promo - Part 2

[bumdssa]

For those on the Mar, Apr and May promo cycle, if I withdrew the funds on Apr 3 can I transfer it back on May 2? This will be less than 30 days and there is a condition that funds cannot be withdrawn and re-deposited within the last 30 days but I think this rule does not apply since I'm in the same promo cycle. What do you think?

did it work for you? received bonus interest?

 

[Alwaysb]

Hi, anyone has experience with the fund up? Need some advice

Is it worth it? The email states to fund the account by 31 Jan and hold till 30 June. That's about 5 good months.

I also intend to participate for Jan cycle. Is it stackable?

 

[iduncheckmail]

Hi, anyone has experience with the fund up? Need some advice

Is it worth it? The email states to fund the account by 31 Jan and hold till 30 June. That's about 5 good months.

I also intend to participate for Jan cycle. Is it stackable?

i joined the dec25-apr26.

worth or not you need to do your own calc and how much u can top-up.

Read the T&Cs , its not stackable with the 2-3months cycle BI .

 

[Squaredot]

EGA BI for Sep credited
(Sep to Oct cycle)

 

[spikeling]

EGA BI for Sep credited
(Sep to Oct cycle)

Is it 2.5% BI?

 

[Squaredot]

Is it 2.5% BI?

no

 

[shengliang1981]

Is it 2.5% BI?

think it was 2.2% for wealth holding.

 

[lavive_gp]

EGA BI for Sep credited
(Sep to Oct cycle)

same, received yesterday 2.2% BI for Sep and Oct

 

[earlyretire]

With the tightened measures rolled out by various banks for transfers exceeding 50% of account balances over $50K, may I check if anybody has their funds transfers placed on hold by HSBC when they emptied their accounts over $50K in transferring to other banks when their registered EGA promotions have ended? If we call the bank hotline directly after office hours rather than wait for its automatic release after 24 hours, how long does it usually take for them to release the transfers in your experience? I'm trying to plan ahead for my next exit from EGA. Thanks!

 

[ericcsn]

With the tightened measures rolled out by various banks for transfers exceeding 50% of account balances over $50K, may I check if anybody has their funds transfers placed on hold by HSBC when they emptied their accounts over $50K in transferring to other banks when their registered EGA promotions have ended? If we call the bank hotline directly after office hours rather than wait for its automatic release after 24 hours, how long does it usually take for them to release the transfers in your experience? I'm trying to plan ahead for my next exit from EGA. Thanks!

did that with $100k. No problems as the amount was under 50% of total balance.

 

[F1ngolf2012]

With the tightened measures rolled out by various banks for transfers exceeding 50% of account balances over $50K, may I check if anybody has their funds transfers placed on hold by HSBC when they emptied their accounts over $50K in transferring to other banks when their registered EGA promotions have ended? If we call the bank hotline directly after office hours rather than wait for its automatic release after 24 hours, how long does it usually take for them to release the transfers in your experience? I'm trying to plan ahead for my next exit from EGA. Thanks!

When transfer out is put on hold, HSBC will restrict any further transfer. If this happens during working hours, fraud monitoring team should call you to authenticate transfer; else it will be the next business day.

Instead of waiting for them to call, you can call the CS hotline to authenticate and request to unblock your account. After answering some annoying and "illogical" authentication questions, you should be able to do transfer out without restriction; 15 minutes to an hour later. This is good for next 24 hours.

HSBC does not practice automatic release after 24 hours.

 

[yiwei]

With the tightened measures rolled out by various banks for transfers exceeding 50% of account balances over $50K, may I check if anybody has their funds transfers placed on hold by HSBC when they emptied their accounts over $50K in transferring to other banks when their registered EGA promotions have ended? If we call the bank hotline directly after office hours rather than wait for its automatic release after 24 hours, how long does it usually take for them to release the transfers in your experience? I'm trying to plan ahead for my next exit from EGA. Thanks!

They do not automatic release, but they also call during weekends, HSBC is the one with the tightest control from all the banks that I use.

 

[Guojing88]

With the tightened measures rolled out by various banks for transfers exceeding 50% of account balances over $50K, may I check if anybody has their funds transfers placed on hold by HSBC when they emptied their accounts over $50K in transferring to other banks when their registered EGA promotions have ended? If we call the bank hotline directly after office hours rather than wait for its automatic release after 24 hours, how long does it usually take for them to release the transfers in your experience? I'm trying to plan ahead for my next exit from EGA. Thanks!

I had no issues withdrawing more than 100k from hsbc on 1st Dec.

Could be because the account I was withdrawing to has already been used for years to transfer back and forth.

 

[hwmook]

I had no issues withdrawing more than 100k from hsbc on 1st Dec.

Could be because the account I was withdrawing to has already been used for years to transfer back and forth.

No way, my account also used for long duration but they still happily restricted my transfer out.

 

[yiwei]

No way, my account also used for long duration but they still happily restricted my transfer out.

Yes, it is really troublesome, even to same account they also restrict and always have to listen to their fraud team in India to read the standard script

 

[Guojing88]

No way, my account also used for long duration but they still happily restricted my transfer out.

Guess I was lucky then?

 

[peppermint7]

Yes, it is really troublesome, even to same account they also restrict and always have to listen to their fraud team in India to read the standard script

Haha I even told the cs no need to repeat as they have just called me 4 days ago saying the same thing, block the same way, go thru the same question and answer. But she say cannot. She must repeat cos it is their protocol. I guess everything is recorded so she wants to do her job properly to cover herself. But it is so irritating lor. That's why I hardly use hsbc now.

 

[Cumzilla]

The way this bank do this is stupidity at its best. I always transfer to my other account regularly and yet still have to go thru all this. The only reason I can think of is they just want to siam all responsibilities if scam really happen to your account.

 

[peppermint7]

The way this bank do this is stupidity at its best. I always transfer to my other account regularly and yet still have to go thru all this. The only reason I can think of is they just want to siam all responsibilities if scam really happen to your account.

Yes lor. My is the same account which they just confirm with me few days ago. Within a week they block again and got to go through all the q&a all over again. Doesn't make much sense after that i hurry transfer out cos i don't want them to keep calling me. Don't answer also cannot cos it'll be block forever.

Now if I use this account, I'll keep less than 50k to avoid all these blocking issues.

 

[Mickey01]

Yes lor. My is the same account which they just confirm with me few days ago. Within a week they block again and got to go through all the q&a all over again. Doesn't make much sense after that i hurry transfer out cos i don't want them to keep calling me. Don't answer also cannot cos it'll be block forever.

Now if I use this account, I'll keep less than 50k to avoid all these blocking issues.

does the bank release the funds almost immediately after you called in and answer those questions?