When we arrived we opened an account with HSBC and took out a secured credit card. We paid $2,000 deposit for a $1,000 limit (I know)! Anyway they hold the money for a year and when it was time to get our money back they had the audacity to tell us that we had to apply again by completing the same application form to HSBC Mastercard and they would do a credit check etc. If they decided our credit was good then we would get back our money. If not, then they would hold for another year.
Well I was livid when they explained this to me a year later and when I was due to get my money back. So I told them that I was not going to complete another application to get back monies that were mine. Furthermore if they had to do a credit check after banking with them and paying $2,000 deposit to secure this card then why in the hell did I put down a deposit! Finally I told them that I was taking my money and banking elsewhere.
Well the money was in my account the following day!
After being here over a year we have credit cards coming out our ears and no security deposit was needed on any of them and the limit was higher then HSBC!!