Voting in the British Bank Awards is now open! Share your feedback & enter our £1,000 prize draw.Vote now

HSBC Premier Reviews

Ratings based on 30 reviews Last review 5 months ago

HSBC Premier reviews come from people like you! With so many different current accounts now available, you can read these honest HSBC Premier reviews to find out what life as a HSBC customer is really like. And remember, if you are a HSBC customer,...

Read Full Description

HSBC Premier reviews come from people like you! With so many different current accounts now available, you can read these honest HSBC Premier reviews to find out what life as a HSBC customer is really like. And remember, if you are a HSBC customer, you can write a short review here to help other potential customers. Smart Money People is the UK's leading financial services review site and dedicated to being an independent and honest source of HSBC Premier reviews. Together, we can make financial services work better for everyone.

5 7
4 6
3 5
2 6
1 6

Your Premier Reviews (30)

17th May 2018

No special treatment here - AVOID!

I am extremely disappointed in HSBC Premier service. I am a multi-account holder in various jurisdictions and was just almost berated by the most rude service agent after forgetting to make one credit card payment, all other payments having been made...

Read more

I am extremely disappointed in HSBC Premier service. I am a multi-account holder in various jurisdictions and was just almost berated by the most rude service agent after forgetting to make one credit card payment, all other payments having been made always on time. From a super aggressive tone to accusing me of having financial problems - it's almost as if I was dealing with a payday credit company not a banking service for high net worth individuals. UNBELIEVABLY SHOCKING. 

25th April 2018

Nothing Premier about it

Have to keep HK$1m minimum monthly balance or get charged HK$480 per month. Queues in the Premier banking centres are often as long as the regular bank, and often fresh school grads who don’t really know what they are doing. You do get your own p...

Read more

Have to keep HK$1m minimum monthly balance or get charged HK$480 per month. Queues in the Premier banking centres are often as long as the regular bank, and often fresh school grads who don’t really know what they are doing. You do get your own personalised telemarketer trying to sell you something every two to three months too.

18th February 2018

Sounds flashy but it does not deliver any benefit when you need.

I have been a Premier customer for many years but I don't find any benefit. Whenever I have tried to seek help from my Premier Manager, which keeps changing, all he does is sends me 0800 number of the team I should speak instead of guiding / helping....

Read more

I have been a Premier customer for many years but I don't find any benefit. Whenever I have tried to seek help from my Premier Manager, which keeps changing, all he does is sends me 0800 number of the team I should speak instead of guiding / helping. So he is no better than Google. Secondly, as part of the Premier, you get travel insurance. I had an emergency and had to cancel my travel. I thought I had a travel insurance being a Premier customer but it was of no use. HSBC uses Aviva for travel insurance. And Aviva has outsourced travel claims to Cega group. They are measured on how not to pay and with long tail no customer empathy or relationship. So it is useless and I recommend to not to rely. With my experience, Premier status is of no benefit unless you want to show off. Use your money smartly as HSBC is not competitive for any thing in any case. Neither best mortgage not best ISA. So why even consider.

10th November 2017

Look after their clients

I have been a premier banking customer for about 7 years and although now there are a number of challenger banks on the scene, which offer really interesting products for more modern banking I would hate to be without the dependability and great...

Read more

I have been a premier banking customer for about 7 years and although now there are a number of challenger banks on the scene, which offer really interesting products for more modern banking I would hate to be without the dependability and great customer service of HSBC. I am a relatively young Premier customer as I got upgraded when I received an inheritance, I still find the range of products offered good for my lifestyle.

Whenever I have an issue with any aspect of my banking, I have always been confident that HSBC would resolve the issue and they have. I feel like I am dealing with humans with them who treat me as an individual.


I have a few bug bears though:
The credit card. It is so bog standard it hurts. No cashback. The points take ages to accumulate so long in fact that you forget about them. I recently had a batch expire because I did not have enough to redeem anything. Basically it does not feel very premier.

The savings rates are abysmal. I really ought to move my cash elsewhere!

The children’s account are completely no frills. I would really appreciate HSBC doing something to reward their custom or st least make banking more engaging for them.

The bottom line is over the years I have grown to trust HSBC (much more than other providers). That is really important in banking.

30th December 2016

terrible service, inflexible and unhelpful

HSBC sent us a KYC pack to fill in, in spite of us having been customers for over 20 years. We had just moved house and explained than we did not yet have the required utility bills to provide them with proof of address. They froze the account,...

Read more

HSBC sent us a KYC pack to fill in, in spite of us having been customers for over 20 years. We had just moved house and explained than we did not yet have the required utility bills to provide them with proof of address. They froze the account, stopped an incoming deposit and bounced all the direct debits. Customer services just kept repeating the same nonsense about their procedures. We closed the account. HSBC refused to transfer the direct debit details to our new account, saying we still had not complied with their KYC procedures. I will never recommend them to anyone.

17th December 2016

Thinking of switching

Have been without internet banking as my secure key has given up and branch had 'run out' last time I walked past one that was open. Call today took 5 min to be answered. In the grand scheme of things not that bad...but calls to premier banking are...

Read more

Have been without internet banking as my secure key has given up and branch had 'run out' last time I walked past one that was open. Call today took 5 min to be answered. In the grand scheme of things not that bad...but calls to premier banking are normally answered much quicker 15-30 secs.

5th December 2016

Persevered lot but still getting worse

HSBC ask you to reach Premier status. Premier lounges in Airports - well good luck with that. Now charge you £30 for transactions over 10k. So 50k in to reach Premier account status but Co-Op and Santander allow you to transfer 100k without charges ...

Read more

HSBC ask you to reach Premier status. Premier lounges in Airports - well good luck with that. Now charge you £30 for transactions over 10k. So 50k in to reach Premier account status but Co-Op and Santander allow you to transfer 100k without charges and even after that limit it is still cheaper than being a Premier holder with HSBC. There is absolutely no benefit other than a headache you will get for that service

14th September 2016

Better...

My personal secure key had come to the end of its life (I had it for years), so needed a new one. Branch staff wee helpful and the process of setting it up worked. Not sure why secure keys are still needed though...

10th July 2016

nobody at HSBC seem's able to help

I Had a few minor problems with the bank and decided it may be worth upgrading to a premier account as it appeared to offer better benefits and...

Read more

I Had a few minor problems with the bank and decided it may be worth upgrading to a premier account as it appeared to offer better benefits and service.

I rang and applied and after a combined hour of waiting and speaking to several people they decided that were too busy and promised a call back within 2 days.

Of course they did not do this and instead I had to contact the bank again this time to be told they did not deal with these applications but just walk into any branch and it could be done there and then

I live in a rural area and work long hours so getting to the bank is always problematic but I did as I was told and was then told they were too busy and had nobody to help and I should ring instead! I explained all that had happened and was told they would find somebody straight away. Two hours later I was still waiting, I walked over to the booth's where the staff meet with customers to find they had all gone to lunch

I left at this point

12th January 2016

Not really the World's local bank

I am a student in London but my family lives in Hong Kong. About a year ago I had the most ridiculous experience of my life. I was in Hong Kong about to go on to China to spend a month doing an important internship. In order to get the visa to China,...

Read more

I am a student in London but my family lives in Hong Kong. About a year ago I had the most ridiculous experience of my life. I was in Hong Kong about to go on to China to spend a month doing an important internship. In order to get the visa to China, I had to obtain travel insurance. No problem: HSBC Premier offers a travel insurance along with Premier membership. Fantastic!
The visa desk, however, required proof. Okay, I'll just go to the bank and get a signed certification from them. Upon arrival I explain my problem at the Premier desk and I'm told they cannot help me because despite also being a Premier customer in Hong Kong, my travel insurance was linked to my UK card. They tell me to call HSBC Premier in the UK. As I was reluctant to spend dozens of pounds on international calls, they were kind enough to lend me a phone – until they closed at half past noon.
So there I was in desperate need of getting my visa before my flight, waiting to get a very simple piece of paper from HSBC. And sure enough, as I spoke to the HSBC Premier UK call centre in Scotland, explained to them my problem and its urgency, they told me not to worry and that they would send it to me immediately." Great!" – no. They were going to send it to me at my UK home address by post and it would arrive in the next 3-5 days. "How does this help me? I'm in Hong Kong. Hello?" So I suggest: "Can you email it to me?"
"No Sir I can't do that..."
"Really? Ah, it's rather simple: you prepare the letter you were originally going to send to my home in the UK, but instead of sending it, you take the paper out of the envelope, put it in a scanner, scan and email it to me."
"Sorry Sir, I can't do that, it goes against our security policy."
"Okay well how about you email or fax it to your branch here in Hong Kong and I can receive it from your colleagues over here?"
"That won't be possible Sir! We can only send it to you personally by mail. If you like we can register a new address and we will send it to your Hong Kong address?"
Uninterested by the prospect of waiting two weeks to get a travel insurance, I told HSBC Premier to forget it and spent £100 on another travel insurance. All in all the World's local bank is an international mess, strongly lacking in cooperation between branches internationally. HSBC Premier is a waste of time, but hey, at least I got to have free coffee.

24th December 2015

Happier

I've stuck with HSBC as they offer a decent service. I particularly like the speed that any telephone banking is dealt with by the premier team. This one might just be me, but my new card (about 3 months old) is already starting to fail to be read by...

Read more

I've stuck with HSBC as they offer a decent service. I particularly like the speed that any telephone banking is dealt with by the premier team. This one might just be me, but my new card (about 3 months old) is already starting to fail to be read by chip n pin machines....will try to take better care of it!

1st November 2015

WOW!

Card payment for AMEX card declined so long call to HSBC. Picked up relatively quickly, but then on hold while they looked into it for 12 min. Surely it's simple enough. I have money in my account and need to pay a bill I've been paying every month...

Read more

Card payment for AMEX card declined so long call to HSBC. Picked up relatively quickly, but then on hold while they looked into it for 12 min. Surely it's simple enough. I have money in my account and need to pay a bill I've been paying every month for the last 4 years! Apparently it could be a 1 off "a system blip!"

18th October 2015

Stopped my card without clearly notifying me

I asked for a new debit card but was slow activating it, which led HSBC to cancel my previous card, before I'd activated the new one. I understand the logic around this, but surely they should be able to tell when I'd activated the new card, rather...

Read more

I asked for a new debit card but was slow activating it, which led HSBC to cancel my previous card, before I'd activated the new one. I understand the logic around this, but surely they should be able to tell when I'd activated the new card, rather than leave me without an active card? That said, customer service on the phone was friendly even though they couldn't reactivate my card.

Articles related to HSBC