Hmm.. as usual, can't get a straight answer from anyone.
Apparently, if balance is under 3k, they will charge QR25. But the person who told me that is not sure. This is normal. Nobody knows anything.
Apparently also other banks like CBQ also charge for having amounts under 3k. As for the 8k threshold question, I can't get any answers. Nobody knows.
/Edit - aah.. ok. Anything under QR8K - HSBC charges QR50 now. They have apparently raised the threshold - it was QR4k before. Other than QR70 they charge for tt transfers, QR50 for any small requests that you ask for even though it's their fault eg. new pin number because all of a sudden the pin number you have been using for months with no problems suddenly gets declined, basically any requests etc.
//Now checking if CBQ is likewise. I have to close my HSBC account because I really cannot afford to have QR50 deducted every time, even if it's once a month or the triggers are every time the amount is less than 8k, the QR50 gets charged.
//Thinking further, I suppose this is one way for HSBC to ensure that depositors keep more money here instead of expatriating it back home to pay bills and support the family. I can see the business sense in it. But on the other hand, from a customer's PoV, we DO NOT like to be held over the barrel of a gun by our bankers, even if we can afford it. Therefore, I'm taking my business elsewhere. The next bank better watch it because pissing me off is usually a very bad idea.
*****************************************
Don't want no drama,
No, no drama, no, no, no, no drama
Hmm.. as usual, can't get a straight answer from anyone.
Apparently, if balance is under 3k, they will charge QR25. But the person who told me that is not sure. This is normal. Nobody knows anything.
Apparently also other banks like CBQ also charge for having amounts under 3k. As for the 8k threshold question, I can't get any answers. Nobody knows.
/Edit - aah.. ok. Anything under QR8K - HSBC charges QR50 now. They have apparently raised the threshold - it was QR4k before. Other than QR70 they charge for tt transfers, QR50 for any small requests that you ask for even though it's their fault eg. new pin number because all of a sudden the pin number you have been using for months with no problems suddenly gets declined, basically any requests etc.
//Now checking if CBQ is likewise. I have to close my HSBC account because I really cannot afford to have QR50 deducted every time, even if it's once a month or the triggers are every time the amount is less than 8k, the QR50 gets charged.
//Thinking further, I suppose this is one way for HSBC to ensure that depositors keep more money here instead of expatriating it back home to pay bills and support the family. I can see the business sense in it. But on the other hand, from a customer's PoV, we DO NOT like to be held over the barrel of a gun by our bankers, even if we can afford it. Therefore, I'm taking my business elsewhere. The next bank better watch it because pissing me off is usually a very bad idea.
*****************************************
Don't want no drama,
No, no drama, no, no, no, no drama