HSBC UK Bank Plc

Financial Ombudsman decision DRN-5952923 Upheld

Upheldoutcome, as published by the Ombudsman

£1,125redress stated in the decision

Fri Dec 12deadline to accept (not the decision date)

The Ombudsman does not print a decision date. The date above is the deadline the consumer was given to accept or reject the decision, which is set about a month after it was issued. It is reliable to the year, not to the month.

What this decision was about

Interest and rates

In the Ombudsman’s words

HSBC quoted some account interest rates to W but explained that a Foreign Account Tax Compliance Act (FACTA) form needed to be completed before any account could be opened.Interest and rates

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-5952923.pdf on financial-ombudsman.org.uk.

The outcome shown is the Ombudsman’s own published classification, not our reading of the text. Nothing here is legal advice, and a decision concerns only the complaint it was made about.