HSBC ending Passport accounts?

I've heard that HSBC is doing away with its Passport account. I haven't been able to confirm this information, and I have no idea what would happen to existing accounts if that is the case.

But, since some people do count on the Passport account as a way to establish themselves in the UK, I thought I'd mention it.

Yes, I actually spoke with a lovely Scottish woman last night and she confirmed it (out of curiosity, did you see my Reddit post?).

According to her, they may be replacing it with something similar involving further background checks, but she didn't know at the time. She indicated it has something to do with the recent money-laundering allegations against HSBC (they were caught in some dirty doings with Central/South American druglords).

Current passport accounts will stay open, but they will be closed to new applicants later this month. If you've just arrived and you want one, move fast!

Yes, I actually spoke with a lovely Scottish woman last night and she confirmed it (out of curiosity, did you see my Reddit post?).

Yes I did.

A shame, this was really helpful for me when I first got here.

C