The Direct Merchant Bank is a subsidiary of the HSBC Bank which offers convenient banking services and facilities to its clients. Easy and secure online banking is available for customers to carry out various transactions on the Internet without going through the hassle of visiting the bank. This article talks briefly about the range of banking services that this branch of HSBC provides.
Find yourself budgeting tips through Direct Merchant Bank whereby the bank advises you about the credit basics. The bank provides guidance to keep safe from frauds and also suggests credit tips so as to maximize your finances and investments. Also budget tips are available with the bank whereby customers can create their budget, and follow tips to manage their debts. No other bank provides budget tips as Direct Bank does. The bank also extends the Account Protection Plus which is a financially relieving facility that secures your credit history. This account gives you a cover against unemployment, disability and absence from job. On occurrence of death, Direct Merchant Bank waives the account balance in a client’s account up to their assigned credit limit. However the bank charges a monthly fee for the maintenance of this account and for automatically deducting the monthly payments from the account. These accounts are also a source of earning for the bank in case some hazard happens as it gets back the cost of maintenance that the bank had incurred on maintaining the account.
Direct Merchant credit cards are linked to your accounts in a way that you would not be able to use your credit card if you do not have a minimum balance maintained in your account with Direct Merchant Bank. The credit cards however extend appealing reward points to its card holders. These rewards include the following features:
• Handsome discounts for up to 15% on shopping and gift purchases
• Free shipping and handling
• Membership at renowned shopping and dining clubs
The bank offers secure online banking for its customers to carry out safe and smooth transactions on the Internet. Customers can even apply for their credit card and track their application status via Direct Merchant bank’s website. Also email alerts can be enrolled for, to receive account alerts and updates about any of the bank’s new products and facilities.
Being supplementary to the HSBC bank, Direct Merchant Bank automatically becomes a trusted bank with most of the clients who already hold accounts with HSBC bank or its other divisions. People who may not think of investing with this bank otherwise, may give it a second thought because of its connection with HSBC.
As the name suggests, the bank offers direct banking facility with a click of mouse and connects you to the world of banking, your accounts and your investments. The bank employs all means to ensure that the online transactions are safe and employs costly software to protect you against identity theft, fraudulent transactions and from Internet spam. It is expected that more and more features of HSBC bank will be incorporated to Direct Merchant Bank’s product mix also.
The smart banking offered by this unique bank is the need of today’s time when everyone is so busy with their work routine and household chores. It would not be surprising to see purely “Virtual Banking” across the globe in a few years time.
