Changing Employer..Bank Issue
May 18th 2014, 5:29 am
#1
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Joined: May 2013
Posts: 6
Changing Employer..Bank Issue
Hi All
Ive been developing an exit strategy from my present employer for 8 months now. Ive been in the Kingdom 9.....
Too much to go into here but lets just say late salary issues force change.
Ive a new position...In the Kingdom, no need to move compound, with an Anglo US company.
Question...Do I need to close my bank account if my Iqama is transferred?
Many thanks
GJW
Ive been developing an exit strategy from my present employer for 8 months now. Ive been in the Kingdom 9.....
Too much to go into here but lets just say late salary issues force change.
Ive a new position...In the Kingdom, no need to move compound, with an Anglo US company.
Question...Do I need to close my bank account if my Iqama is transferred?
Many thanks
GJW
May 18th 2014, 6:42 pm
#2
Lost in BE Cyberspace
Joined: Nov 2012
Location: bute
Posts: 9,740
Re: Changing Employer..Bank Issue
UAE or KSA or................I think it might be different.
May 18th 2014, 8:07 pm
#3
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Joined: Apr 2011
Location: Windscale....
Posts: 5,712
May 19th 2014, 1:41 am
#4
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Joined: May 2008
Location: Masbate Philippines
Posts: 1,056
Re: Changing Employer..Bank Issue
All I did when I changed employers was to take in my new Iquama and the company letter and of course the company PR Man.
A simple change of papers to sign off and job done in about 15 minutes.
Mind you this was the NCB Bank when I moved from Taif to Riyadh and again to Khobar,
For once very easy and simple.
A simple change of papers to sign off and job done in about 15 minutes.
Mind you this was the NCB Bank when I moved from Taif to Riyadh and again to Khobar,
For once very easy and simple.
May 19th 2014, 4:52 am
#5
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Joined: May 2013
Posts: 6
Re: Changing Employer..Bank Issue
Many Thanks.
Putting my notice in today.....Lets see if the GM will allow an Iqama Transfer or do as he has done with everyone else who has jumped ship (due to lack of salary) and give them final exit.
GJW
Putting my notice in today.....Lets see if the GM will allow an Iqama Transfer or do as he has done with everyone else who has jumped ship (due to lack of salary) and give them final exit.
GJW
May 19th 2014, 5:06 am
#6
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Location: Masbate Philippines
Posts: 1,056
Re: Changing Employer..Bank Issue
The new law I am sure that you don't have to go out on final exit, they dropped that about 18 months ago,
I know when I left my last company in khobar
I asked for a transfer as this was a cheaper option, this was granted.
Mind you if you go go out on final exit you just start all over again and come back into Saudi within a couple of weeks easy now thank goodness.
I know when I left my last company in khobar
I asked for a transfer as this was a cheaper option, this was granted.
Mind you if you go go out on final exit you just start all over again and come back into Saudi within a couple of weeks easy now thank goodness.
May 19th 2014, 7:10 am
#7
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Joined: May 2013
Posts: 6
Re: Changing Employer..Bank Issue
Great
Its just the hassle of closing bank account, selling car, compound stuff etc.
Why is it never simple in the Kingdom........
GJW
Its just the hassle of closing bank account, selling car, compound stuff etc.
Why is it never simple in the Kingdom........
GJW
May 19th 2014, 7:18 am
#8
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Joined: May 2008
Location: Masbate Philippines
Posts: 1,056
Re: Changing Employer..Bank Issue
If you know you are coming back into the Magic Kingdom then why close it all down people I know that left and came back a couple of weeks later didn't close any thing down, yes your car just sign it over to a mate and park it up till you come back. Then once you have your new iqama then paperwork back over to you again !!!
May 19th 2014, 7:21 am
#9
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Joined: May 2013
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Re: Changing Employer..Bank Issue
Im learning......
I thought the present company would tell the bank I was leaving thus they would insist on me closing account, settling CC bill etc.
GJW
I thought the present company would tell the bank I was leaving thus they would insist on me closing account, settling CC bill etc.
GJW
May 20th 2014, 5:35 am
#10
Forum Regular
Joined: May 2014
Posts: 182
Re: Changing Employer..Bank Issue
If your company allow a transfer to another employer do they lose a visa from their 'block' ? Is this why they insist on a final exit ?
May 20th 2014, 5:39 am
#11
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Joined: May 2013
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Re: Changing Employer..Bank Issue
Hi
No that's not the reason as once transferred I believe they get the VISA back. The GM is just spiteful.....
No that's not the reason as once transferred I believe they get the VISA back. The GM is just spiteful.....
