Advice on banks - Tide vs Starling

[rogerfederer]

Do you think that the bank will go under in those few moments when you're moving money about? Crikey how unstable is HSBC these days? Pretty sure you'd see a run on the bank first that would give you notice of impending doom.

HSBC systems are just one above RBS' in terms of sprawling legacy undocumented fare.

I lost access during the financial crash to my trading accounts at two well known institutions, apparently a glitch. That glitch affected other people in the UK simultaneously and disallowed 'sell' and 'stop loss' orders. It wasn't a glitch. Given QE and the fragile state of the international economy I trust no bank or government to repatriate above £85k once the dust has settled of the next crisis.

[yesyou]

Just to add, Starling does offer a web portal for their business banking. You do still need your phone to auth for it though.

[ladymuck]

HSBC systems are just one above RBS' in terms of sprawling legacy undocumented fare.

I lost access during the financial crash to my trading accounts at two well known institutions, apparently a glitch. That glitch affected other people in the UK simultaneously and disallowed 'sell' and 'stop loss' orders. It wasn't a glitch. Given QE and the fragile state of the international economy I trust no bank or government to repatriate above £85k once the dust has settled of the next crisis.

But that's investments not day to day retail banking.

I have been with HSBC for probably 25+ years, 15 with a business account. Never once have I had issue accessing any of my accounts when I needed to. They have been proactive when my personal debit card was skimmed in a petrol station and someone tried to withdraw cash in Thailand a couple of days later.

They are a bunch shysters, no doubt about it, but for a day or two moving cash in and out? I wouldn't lose any sleep over it.