woah Posted May 18, 2016 Share Posted May 18, 2016 Yes, it is much easier these days - there's the current account switch service that moves everything over (your balance and direct debits) in 7 days and then redirects payments to your old bank details to your new account. You just have to do it as part of your new bank account application and that's it. There's loads of great bank accounts out there too - with good interest rates/cashback, or a bonus of £100 for switching to them. Just so you know though, you can still pay in cash and cheques at any post office, though you need to get some paying in slips and deposit envelopes from HSBC for the cheques. Link to comment Share on other sites More sharing options...
dutch Posted May 18, 2016 Share Posted May 18, 2016 Fargate is moving to 47 or 49 fargate according to a notice on the closing branch Link to comment Share on other sites More sharing options...
Nagel Posted May 18, 2016 Share Posted May 18, 2016 Thank you. That is helpful. Will they do this for multiple accounts, do you know? I don't know, but why wouldn't they? The whole process took just one week and all direct debits and payments transferred to my new account. Link to comment Share on other sites More sharing options...
Hoddock Posted May 18, 2016 Share Posted May 18, 2016 Moving banks because branches are closing is utterly pointless. All banks will be shutting branches. Old ladies queuing in branches don't make banks money, and they are not a charity. Simple as that. Move banks for other reasons, but not as a result of branch closures. I'd also question why people need to go in a branch at all. Link to comment Share on other sites More sharing options...
Zaphod Posted May 18, 2016 Share Posted May 18, 2016 The IT industry in Sheffield is much bigger than HSBC, but I do think it will have an impact. Probably not so much on me, as they haven't had developers in Sheffield in any number for years now. It may not affect you personally but there will be a lot of people out there who are either unemployed or looking for a new job who will be extremely concerned that hundreds of IT savvy people are about to be thrown onto the local jobs market increasing competition and lowering wages. I can just imagine local employers rubbing their hands together as we speak. Link to comment Share on other sites More sharing options...
Lex Luthor Posted May 18, 2016 Share Posted May 18, 2016 Yes, it is much easier these days - there's the current account switch service that moves everything over (your balance and direct debits) in 7 days and then redirects payments to your old bank details to your new account. You just have to do it as part of your new bank account application and that's it. There's loads of great bank accounts out there too - with good interest rates/cashback, or a bonus of £100 for switching to them. Just so you know though, you can still pay in cash and cheques at any post office, though you need to get some paying in slips and deposit envelopes from HSBC for the cheques. Thank you. I will investigate. ---------- Post added 18-05-2016 at 23:40 ---------- Moving banks because branches are closing is utterly pointless. All banks will be shutting branches. Old ladies queuing in branches don't make banks money, and they are not a charity. Simple as that. Move banks for other reasons, but not as a result of branch closures. I'd also question why people need to go in a branch at all. I don't think it's pointless. I am a customer. I have freedom of choice. Having a local branch is important to me to pay cheques in. I will switch to a bank that has a local branch. If that branch closes, then I'll switch to another bank that has a local branch. If they all close, then I'll switch to the Post Office. By the time the banks realise they have lost all their customers, who knows, they might open up a branch locally? Link to comment Share on other sites More sharing options...
the_bloke Posted May 18, 2016 Share Posted May 18, 2016 It may not affect you personally but there will be a lot of people out there who are either unemployed or looking for a new job who will be extremely concerned that hundreds of IT savvy people are about to be thrown onto the local jobs market increasing competition and lowering wages. I can just imagine local employers rubbing their hands together as we speak. Actually, it will have less impact than you think; Sky Bet has been poaching IT staff all over Sheffield (things like £2k finders fees are only encouraging it) and paying them over the odds wages, so an influx of new IT workers to replace the holes left by those people who went to Sky is no bad thing. Plenty of IT positions available in Sheffield at the moment, so as bad as it is for those guys at HSBC to lose their jobs, it's a good time to be looking for a new job. Link to comment Share on other sites More sharing options...
Hoddock Posted May 19, 2016 Share Posted May 19, 2016 Thank you. I will investigate. ---------- Post added 18-05-2016 at 23:40 ---------- I don't think it's pointless. I am a customer. I have freedom of choice. Having a local branch is important to me to pay cheques in. I will switch to a bank that has a local branch. If that branch closes, then I'll switch to another bank that has a local branch. If they all close, then I'll switch to the Post Office. By the time the banks realise they have lost all their customers, who knows, they might open up a branch locally? Very odd. Branches, especially the small ones, are a thing of the past. You will have to travel to city centres to pay cheques in. And cheques won't exist in 5 years anyway. People forget that a lot of banking is free. You don't pay for your account, direct debits, cash card, payments, call centres etc. I've got a better idea than changing banks every 2 minutes. Move with the times. And if you're waiting for banks to 'open up a branch locally' I would suggest their is more chance of platting fog. Link to comment Share on other sites More sharing options...
tzijlstra Posted May 19, 2016 Share Posted May 19, 2016 Very odd. Branches, especially the small ones, are a thing of the past. You will have to travel to city centres to pay cheques in. And cheques won't exist in 5 years anyway. People forget that a lot of banking is free. You don't pay for your account, direct debits, cash card, payments, call centres etc. I've got a better idea than changing banks every 2 minutes. Move with the times. And if you're waiting for banks to 'open up a branch locally' I would suggest their is more chance of platting fog. What if you have to change banks to move with the times? Link to comment Share on other sites More sharing options...
Cyclone Posted May 19, 2016 Share Posted May 19, 2016 Very odd. Branches, especially the small ones, are a thing of the past. You will have to travel to city centres to pay cheques in. And cheques won't exist in 5 years anyway. People forget that a lot of banking is free. You don't pay for your account, direct debits, cash card, payments, call centres etc. I've got a better idea than changing banks every 2 minutes. Move with the times. And if you're waiting for banks to 'open up a branch locally' I would suggest their is more chance of platting fog. If people want branches, and are prepared to take their business to a bank that has them, then there will be a business that obliges. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now