HSBC branch tells poorer clients to go elsewhere

April 12, 2007

The country’s largest bank is closing the doors of one of its branches — but only to poorer customers.

The HSBC in the well-heeled area of Canford Cliffs, near Poole in Dorset, will only offer cashier services to richer clients from June 11. Anyone else will have to make do with cash machines.

The branch lies close to the Sandbanks area overlooking Poole Harbour which boasts some of the most expensive property prices in Britain outside London.

To be eligible for face-to-face banking services at the branch, customers will have to fall into its “premier” category, which means they will have to have savings of at least 50,000 pounds or a 200,000 pound mortgage.

Alternately, they must have a 100,000 pound mortgage plus a salary of 75,000 pounds-plus.

HSBC branch tells poorer clients to go elsewhere | Top News | Reuters