Sunday, December 30, 2012

Shanghaied by HSBC

The Hong Kong and Shanghai Banking Corporation (HSBC) - chiefly famous for money-laundering - have also shanghaied millions of pounds from ordinary customers by a bit of jiggery pokery with Cash Machines.

If you accidentally leave your money in an ATM for about 30 seconds, the machine takes the money back and anyone would expect that the bank would refund the money to their account. RBS and HSBC do not think like that.

For years they have just quietly kept the money unless the customer specifically complains to them. HSBC was the last major bank to reluctantly and grudgingly agree to give ordinary customers their
money back.

With astonishing bravado they have insisted customers "don't call us -we have all the information to sort this out!"In other words it was not a mistake or oversight, they knew all about it.

If you or I tried a stunt like that we would be looking at the inside of a prison cell. Are the banks above the law?

Isn't it nice to know our money is safe in their hands?

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