6 October 2006
Around 300,000 of its customers' current accounts will be reviewed by HSBC as the bank assesses whether or not to close them.
The reasoning given by the bank – which is currently undertaking a review as a fraud prevention measure – was that it wanted to make sure the accounts were being used for the purpose they were originally opened for.
Following the review, HSBC has written to 27,000 customers who will have to find new current accounts in the next 30 days.
Mr Khan, whose account was closed in this manner, told the BBC's Working Lunch programme of his own situation.
He said: "I feel like I've done something wrong and I don't know what it is."
HSBC has 8.5 million current account holders in the UK and said they are currently reviewing around 270,000 accounts being "operated in a manner contrary to the details given by the customer".
It added: "In 90% of cases, our review identifies understandable reasons why the disparity has arisen and no action is taken."
Compare current accounts and find the best current account for you with the uSwitch.coms free comparison service.
© 2008 Adfero Ltd
Content for the uSwitch.com market news service is provided by a third party, Adfero Ltd. Whilst uSwitch.com makes reasonable efforts to check the reliability of this content, uSwitch.com does not guarantee the accuracy thereof or endorse the views or opinions given by Adfero Ltd, unless expressly stated otherwise.