can bankrupt our company
Our small Trading Company opened a bank account 11 years ago, always in credit, but late last year I encountered problems navigating HSBC website compliance known as safeguard, I had no help so I eventually went to our nearest bank for help, it appeared on the website that they could not substantiate my signature with the original mandated signature, so a new signature was lodged, on this occasion I was helped with the bank staff, who advised me that would be the matter sorted. Then on the 16th of April 2025 I received a letter dated the 26th of March to 2025 telling me they are going to close my company's bank account on the 24th of April, unless all the information they needed was not submitted by the 17 of April, however when I tried to establish what they wanted, they would not speak to me, they terminated my telephone banking, which by the way I have never used in 11 years, they do not respond to emails, they will not communicate with me on the chat lines, so I went back to my nearest HSBC bank on the 16th the day I received the letter, the bank staff was permitted to speak with the safeguard office in Birmingham, but both I and the staff had difficulty understanding what they required, however l got together all the information to support what I believe they required, and attended the bank and again the following day on the 17th, however since we've had a bank holiday, they will not talk to me on the telephone, they will not talk to me on chat line, and they will not respond to my emails, we have had the most awful Easter holiday in our living memory worrying , on Tuesday the 22nd I will return back to that HSBC bank but the staff do not have experience dealing with safeguard. Over the bank holiday we've tried to navigate the website to see if we can establish what they require, when the bank will not communicate with you, then how can you resolve and outstanding situation if you have no knowledge what it is, my complaint is the fact is they have threatened to close our bank account, the account and our entire client base will not be able to pay us , we operate a small commercial rental business, so all payments we receive are by direct debit.......... If they close our bank on the 24th, they have stopped our Revenue, cash is not an option because we do not use cash in our business, thus then they put us out of business, they will bankrupt us, our business is very solvent and viable, we pay corporation tax every year, our accountants are managed by a chartered accountant of repute, the stress that HSBC has caused us, I cannot put into words. I'm a 78 year old man still working as a director on our company, there is much more I could say but everything I've written is documented and can be fully proven and this is not a fair way to treat honest business people who work hard these days to survive........even in retirement and twilight years, I really hope tomorrow HSBC do the right thing but I have to add I'm extremely worried.
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