Ask HN: HSBC is holding my LLC's money hostage, what are my options

Back to stories Open in a window
Article news.ycombinator.com

Ask HN: HSBC is holding my LLC's money hostage, what are my options

I opened an LLC couple years ago with 2 other people to do consulting on the side and opened a business checking account with HSBC to go with it. Unfortunately we haven't been able to do much work last year due to our otherwise busy schedules and the checking account was largely dormant with 4-figure amount on it.

We were planning to close the business at the end of 2013 so that we wouldn't have to pay $800 California franchise fee in 2014, but then in late 2013 HSBC closed our account and send us the check in our LLC's name. Similar closures happened to HuffPost blogger

Thinking that I would just be able to cash the check at HSBC branch, I went there and was told that:

* I can't cash it there

* I have to deposit it in another bank to cash it.

* They cannot reissue the check in one of the founders name

* They cannot reinstate the account so that I could write out a check in one of the founders names

* Another bank would not open an account because LLC is now closed.

Our branch visits and calls to HSBC corporate have not come to any satisfactory conclusions.

At this point we have a check in the name of LLC that no longer exist, a 4-digit amount held hostage by HSBC bank and no way to get our money back.

Any advice would be appreciated.

[1]

http://www.huffingtonpost.com/brett-king/when-hsbc-closes-your-ban_b_4362504.html

Discussion 14 comments · 11 points · vladgur · 2014-03-13
Open on HN
Loading the discussion…

Domain filters

Stories from these domains are hidden from every list. Subdomains match too: blocking substack.com also hides danluu.substack.com.

    About YAVCHN

    YAVCHN is a reader for Hacker News and Lobsters, with articles and discussions in separate windows or Classic pages.

    Created by Paul Parks and built with PUDL.

    YAVCHN source code on GitHub

    Help

    Keyboard

    j / k
    Move down and up the story list. The arrow keys scroll whatever has focus.
    Enter
    Read the marked story in the article reader.
    ]
    Read the next story in the same article-reader applet. Back returns to the previous story.
    p
    Pin or unpin the marked story, which keeps it in Pinned.
    n / N
    Move to the next or previous top-level comment in the window in front.
    c
    Collapse or expand that comment.
    f
    Hide or show the story list.
    Esc
    Close a menu or this help.
    Access key m
    Go to the menu bar. Most browsers take it with Alt on Windows and Linux, and Safari with Control and Option.
    ?
    Show this help.

    Windows

    Each story opens in a window holding its article above its discussion; drag the bar between them to share the room differently. A window can be moved by its title bar, resized from any edge, snapped to a half or a corner by dragging it there, maximised, or minimised to the bar at the foot of the page. Use Window > New reader window to open an empty reader, or Story > Open in new reader window to open another reader for the current article. Docked readers keep their articles when you select another story from the sidebar. Minimized readers can be restored and reused for their site. A window's Next story link reads on down the list in the same window.

    A link in a comment or an article to another Hacker News or Lobsters thread opens that thread in a window too. A link to a single HN comment opens the comment above its replies.

    While a story's window is in front, the Story and Discussion menus in the menu bar hold its commands: pinning, Next story, sorting, collapsing every thread, jumping to the first new comment. Each window also remembers where you were in its article and discussion, so a reload, or Back to a story that Next took you past, finds your place again. Closing a window forgets it.

    The whole arrangement lives in the address, so a bookmark or a shared link brings it back, and Back undoes the last change. Moving between Hacker News, Lobsters, their lists, Pinned and Find changes only the list, and leaves the windows open.

    The list

    The pin at the start of a row keeps the story in Pinned, and the cross at its end hides it. Pinned can be narrowed by words in the title, site or author, by source, and to the stories you haven't opened yet, and ordered by when you pinned them, by points or by comments; the filters are part of the address, so a filtered view can be bookmarked. Scroll past the end of the list to load more. Domain filters, in the View menu, hide every story from a site.

    Browsing view

    View > Windowed and View > Classic select the browsing view and save your default in this browser. Window view reuses a reader for each feed. Classic view opens stories and applets as pages. Open as a page and Open in a window are one-off actions that do not change your saved default. Direct page links always open as pages.

    Applets

    The Applets menu in the menu bar holds three tools, each a window of its own. Replies to me takes your Hacker News user name and lists the replies to your last thirty comments and stories, checking again every three minutes while it is open, and marking what is new since you last marked them read. Look up a user opens a profile on Hacker News or Lobsters, with their submissions and recent comments, as a commenter's name in any discussion does; the bar at the top of a profile looks up someone else in the same window, and Back returns to the one before. Who is hiring? filters the posts of HN's monthly hiring threads by the words you type.

    They read only what the sites publish to everyone, so none of them asks for a login, and your user name stays in this browser.

    Find

    Find takes any link and lists every time it was submitted to Hacker News and Lobsters, so you can read each discussion of it.

    About

    YAVCHN never sees your Hacker News or Lobsters login. The discussion is fetched from each site's public API; to vote or reply, follow the link above the discussion, or the arrow beside a comment, to the source's own site. Pins, hidden stories, filters and layout are kept in this browser only.

    Open source: github.com/paulmooreparks/yavchn. Built with PUDL.