To receive the payout, individuals will not need to take any further action.
This is because the HSBC Group will be contacting those who are affected by reaching out to them directly, even if they have since closed their account.
A number of people stated via social media that they had received correspondence about getting a payment.
“£185 richer, once I figure out how to cash that cheque!”
And another said: “I think I am entitled to this, I received a text about a cheque, but thought it was a scam!”
An HSBC UK spokesperson previously spoke to Express.co.uk about this matter, when cheques were first being issued.
“Regrettably, some historic cases where customers were in arrears at times fell short of this commitment.
“We are taking action to put that right and remediate customers who may have been impacted.
“Customers do not need to do anything. Those who are due to receive a payment will do so by the end of Quarter One, 2021.”
This post originally appeared on Daily Express :: Finance Feed