HSBC closing retail business in Australia over next 18 months

[oz_mark]

Interesting….A Chinese bank pulling out of Australia when they are trying to woo and influence the Pacific region. Having said that, I will be disappointed to lose my Star Alliance Visa card

Don't know how Chinese they are. They are London based.

 

[luxury-lizard]

Very annoying - my main bank as well - such a hassle having to update all those direct debits - where to next. Have an ANZ chequing account but not inclined to use that as my main account.

 

[playbargain]

This is no surprise to anyone following the news that they were looking to get out of the AUS market since early last year. I moved to HSBC from Citi when it got sold to NAB, but got out of HSBC too earlier this year as the writing was on the wall. Such a shame as they did offer some good products, but it is what it is.

 

[kpc]

Not great as HSBC is my main bank

The most annoying thing is that I have all my direct credits and debits into my HSBC acct...will have to find a new bank in the next 2-3 months and start changing all the direct credits and debits over the next 12+ months...huge sigh!!