HSBC rolls out free ‘financial health checks’ | U.Okay.Finance Information
Banking giant HSBC UK is rolling out a “financial health check” service throughout its department community from this week.
The bank mentioned the transfer builds on the success of its telephone-based Monetary HealthCheck, which has seen more than 11,000 prospects and non-customers obtain personalised financial steering.
It expects the service to be accessible in more than 100 branches within the weeks, with even more being added over the approaching months.
Sally Williams, head of HSBC UK’s department community, mentioned: “Financial wellbeing is often understated or not talked about, but is such an important part of our lives.
“Whereas it’s virtually 5 years in the past, it was actually the expertise of many people during the Covid-19 pandemic which shone a gentle on particular person and household funds and acquired people to consider it more and take motion, whether or not that was out of necessity or voluntarily.
“We understand that everyone’s financial journey is unique. Our Financial HealthChecks are there to help people whatever their financial needs, from providing a safe and supportive environment for customers to discuss their financial concerns, to helping develop a tailored plan to achieve their goals and ambitions.”
From Monday, March 3, both HSBC UK’s customers and non-customers can arrange for a face-to-face discussion with one of the bank’s trained branch staff to go through their finances to help assess and improve their financial wellbeing.
The 30-minute consultation covers areas such as spending habits, savings goals, responsible borrowing options and financial goals.
Other initiatives by the bank include financial wellbeing webinars, unclaimed benefit checks and an online financial fitness score tool.
Ms Williams added: “Like a medical check-up, it could help identify areas that may need to be addressed, but with a personalised approach, it can also help people build a solid foundation for a stronger financial future. This, like our other financial wellbeing tools, is a valuable resource open to everyone, not just HSBC UK customers.”
One 27-year-old HSBC UK buyer who contacted the bank and underwent a Monetary HealthCheck mentioned he had amassed £18,000 price of debt and had been “in a bad place”.
He mentioned he was given “some really good options”, including: “It was also suggested I sit down with my partner and tell her about the situation, which I subsequently did, and it all ended up working out well, and she has supported me throughout.”
The shopper mentioned he has now paid off the debt and has regarded ahead to month-to-month chats with the bank to debate his progress.
Folks can discover out more about reserving a financial health examine session right here.
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