🔴 Announced on 31 July 2026 (after much speculation).
🔴 HSBC Australia is closing down it's retail banking operations after a global strategic review (think home loans, personal loans, personal investments and everyday accounts).
This is after obtaining it's banking licence in Australia way back in 1986!
The ownership of the loan book has been sold to Blackstone, an investment management company.
And as for the loans, they will be managed by Pepper Money, a large and well-respected Non-Bank in Australia, to provide services like the service centre and account statements.
WHAT TO DO IF YOU ARE A HSBC CUSTOMER?
- No action required if you're a home / personal loan customer (for now)
- Branches will be closed
- Everyday accounts and credit cards will close eventually
- Be ready for communication directly from HSBC
- Be aware of possible SCAMS trying to take advantage of this situation
If you're concerned about your Home Loan options and future, contact a Truly Finance broker and stay ahead of possible changes with expert finance advice.
Truly's advice, financial services and property strategies are complimentary. We do this for the best interests of our clients and we relentlessly strive to serve as the best mortgage brokers in Australia with uncommon excellence!
James Brett. Principal Mortgage Broker ☎️ 0439 591 759
Victor Simone. Principal Mortgage Broker ☎️ 0449 659 029
Nermalee Bowe. Senior Mortgage Broker ☎️ 0431 274 554
Dragan Disljenkovic. BD & Relationship Manager ☎️ 0422 435 900
Credit Representative Numbers 521733, 550284 & 547037 are authorised under Australian Credit Licence 389328
