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HSBC’s Special Due Date for Check Payments

Posted on May 8, 2007 by Didi

I just noticed that my bill has a special note at the bottom of the page. It states that for check payments – you need to pay 3 banking days prior to the due date.

I find this quite unfair because we have to adjust the due dates if we’re paying in checks! So what’s the purpose of having a due date printed on the statement?

Other credit card companies who have been in the industry for a far longer time than them does not demand this from their clients. I know so because I handle my parent’s accounts. I find this quite unfair and fishy – I mean just because you’ll be paying in check you need to pay 3 days in advance? Such a discrimination for those who pay in checks!

Here’s an image of the notation in my statement:


Is it just me or is it really unfair?

Category: Uncategorized

2 thoughts on “HSBC’s Special Due Date for Check Payments”

  1. Didi says:
    May 9, 2007 at 10:56 am

    That’s a good idea – how does that work? Might give that a try, but I’m kinda scared of the online fraud. Hihi..

    Reply
  2. Didi says:
    May 17, 2007 at 5:14 am

    Thanks for the heads up! I see my bank in your list! Will try to avail of it. Thanks again!!

    Reply

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