Business | Banking
HSBC bans Syrian, Sudanese and Iranian nationals
Bank has decided to discontinue accounts of customers from countries that are subject to significant EU sanctions
Some reason will be there, that's why i think.
Dileep.K.S, Dubai ,, United Arab Emirates
First they cancelled Amanah banking facility and now they are turning racist towards certain nationalities. I will close my account with immediate effect and you will ultimately lose all your key customers.
Syed Ibrahim, Tamil Nadu, India
Authorities should say NO to those banks who says NO to customers. Shame on you HSBC
Shameer, Dubai, United Arab Emirates
I think it is shameful what HSBC is doing, in that disenfranchising the low income from the high income customer’s. God forbids if they do something that will really make them lose money. I was in agreement with what they were doing when I first read this report in belief it was a blanket decision yes it would affect the low income earners but it sounded like it was for the greater good but as I continued I came to realized that the "elite" customers will be allowed to do business as usual. these sanctions placed on those countries are there so that there governments have a hard time moving its money around, now when you have an account with more than a 100,000 in it could be construed as suspicious but does the bank close their accounts no because those account make money on that as for the common man who has left his mother country to make a better life and escape its oppression is now getting it from the bank. Well all I have to say to HSBC is shame on you and that you have lost a potential customer with this move.
salman, abu dhabi, United Arab Emirates
It's fine HSBC, farewell and I'm moving to Barclays
Tareq, Dubai, United Arab Emirates
Such a ban on a whole nationality is unethical.
Rodi, Abu Dhabi, United Arab Emirates
First I'm glad that I don't have an account with This bank , However I have to say this such irrational decision , and HSBC is the loser since he is not only losing customers from the mention countries but also he is raising doubts for other customers from different countries if they should continue with the bank with such mentality treating people base on nationality instead of their personal and financial commitment to the bank, what a shame !
Noor, Dubai, United Arab Emirates
I once used to bank with HSBC and closed my account with them several years back. As a Sudanese national, I'm glad I no longer bank with them. No, HSBC, you don't bank with your customers, your customers bank with YOU. The levels of arrogance displayed by this bank knows no bounds. Someone please explain to me how the accounts that don't actually have large amounts of cash in them are "suspects" while those that qualify for their RM status become acceptable?
MZ, Dubai, United Arab Emirates
This is an outragious hypocracy....Not only the people from these country are plagued by war and political unrest but we have to force them to pay their credit cards all of a sudden...UNLESS they are rich...we will contine to bank with them... I am not part of the EU ban but I will certainly close my bank account after reading such hypocracy.
Ahmed, Dubai, United Arab Emirates
How can a bank seve accounts based on nationality. It just shows you the world we live in now. Definte "sign of the times" example here. Whoever thinks banks are "independent" entities is dellusional. Disgusting.
Musa, Dubai, United Arab Emirates