Thursday, April 12, 2007

Poor people not wanted at the worlds local bank?


The small seaside village of Canford Cliffs near Poole, which contains the Sandbanks enclave and marina, is a community of roughly 12,500 people, whose homes overlook Poole Harbour.
It is also one of the most expensive locations in Britain. The cheapest house currently on the market in the area, is priced at approx. £330,000 ($653,000) with the most expensive priced in excess of £8m ($15.83m).
With this in mind, the "world's local bank" based in the village has announced that from June this year they will only allow face-to-face banking for their so-called "premier" customers.
In order to qualify as a Premier customer at the bank you must have:


  • £50,000 ($98,940) in savings

  • or a £200,000 ($395,760) mortgage

  • or a £100,000 ($197,880) nmortgage and £75,000 ($148,410) salary

  • or pay £19.95 ($39) a month "premier" account fee and have £75,000 salary

Customers who do not meet the above requirements will have to use other neighbouring branches of the bank in Poole or Westbourne, although they will still be able to deposit and withdraw funds from the cash machines (there is no cashier service at this branch).

A spokesman for the bank said: “The reason we are doing it is because Canford Cliffs is a very wealthy area and well serviced by HSBC. It’s a unique location. A high percentage of customers at this particular branch are premier customers”

Well if I was turned away because I didn't meet their "Premier" customer criteria (and I don't), then I would vote with my feet and find another bank. Simple - but effective. If the bank doesn't value me as a customer, they don't get my cash.
HSBC's exclusive village branch

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