Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Please note this sub-forum does not provide professional finance advice. You should seek advice from a licensed financial advisor.

To post in this sub-forum you must have made 100 posts or have Trust status or have completed our ID Verification.

If investing please consider our affiliate link for new accounts: Sharesies.



Forums › Finance and wealth management › HSBC exiting NZ
cokemaster

Exited
4937 posts

Uber Geek
+1 received by user: 1089

Retired Mod
Trusted
Lifetime subscriber

#305916 13-Jun-2023 14:52
Send private message

End of an era. HSBC is winding a lot of their operations up and encouraging folks to transition to alternative banks.

I’m of two minds: one is that it leaves a gap in the market for high value/internationalised banking. The other is that the NZ operation want exactly offering much outside of general banking, term deposit and home lending services.

https://www.hsbc.co.nz/wind-down/




webhosting

Loose lips may sink ships - Be smart - Don't post internal/commercially sensitive or confidential information!

Create new topic
jonb
1796 posts

Uber Geek
+1 received by user: 545

Trusted

  #3089489 13-Jun-2023 15:17
Send private message

Curious that it is winding down rather than just being sold to a competitor.  Remember trying to get a mortgage with them back in 2008 and I wasn't high net worth enough :)



surfisup1000
5288 posts

Uber Geek
+1 received by user: 2159


  #3089492 13-Jun-2023 15:28
Send private message

I used them, they were great while contracting overseas. 

 

 

PolicyGuy
1820 posts

Uber Geek
+1 received by user: 1769

ID Verified
Lifetime subscriber

  #3089567 13-Jun-2023 16:49
Send private message

I was briefly a customer, when AMP got out of the retail mortgage market and sold me to HSBC.

 

At the next review when my fixed portion was to expire, I went with the bank that would give me the cheapest overall package on mortgage, savings accounts, transaction account & credit card. It was not HSBC.



cokemaster

Exited
4937 posts

Uber Geek
+1 received by user: 1089

Retired Mod
Trusted
Lifetime subscriber

  #3089571 13-Jun-2023 17:33
Send private message

They were a godsend when I relocated overseas. Some of the NZ banks just referred me to their Aussie parents websites for migrant services.

I had everything up and running a month before I touched down.




webhosting

Loose lips may sink ships - Be smart - Don't post internal/commercially sensitive or confidential information!

Create new topic








Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Updates »

Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.








RSS feeds
Main feed
Forums feed
Copyright
©2002-2026 Geekzone®
Site features
Geekzone BI dashboard
Geekzone Badges
Geekzone Status Page

 

Site Information
Subscribe to Geekzone
Privacy Statement
Forum Usage Guidelines (FUG)
Advertising
Trademark and copyright