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Account Freezing
A bit of advice around banks and EOS payments etc please, any help much appreciated as ever.
When you quit and your company decide to tell the bank that you've quit and they freeze your account, how long does it last? Until new visa is given to them or longer? If you have a car loan with them, do they do anything silly with it and clear it from your final pay? Is there ANYTHING you can do to prevent it being frozen? If not, is there anything you'd recommend doing before they find out? Anything else to keep in mind? Cheers |
Re: Account Freezing
Originally Posted by Scamp
(Post 12779304)
A bit of advice around banks and EOS payments etc please, any help much appreciated as ever.
When you quit and your company decide to tell the bank that you've quit and they freeze your account, how long does it last? Until new visa is given to them or longer? If you have a car loan with them, do they do anything silly with it and clear it from your final pay? Is there ANYTHING you can do to prevent it being frozen? If not, is there anything you'd recommend doing before they find out? Anything else to keep in mind? Cheers Freeze usually happens until you A. Either have a salary certficate & visa for a new role or your outstanding loans/credit cards are paid in full Yes they can take any outstanding amounts owing out of your EOSB Ask company to give you a cheque then it isnt marked as a final payment . If sent electronically nothing you can do to stop it being frozen |
Re: Account Freezing
I had a car loan and they didn’t freeze. That said, I also didn’t cash the EOS cheque until I had a new visa. |
Re: Account Freezing
Originally Posted by reddiva
(Post 12779314)
Open a new bank account and shift the money. I have always had a spare one here. Unless you are with ENBD you can get a LIV account online and takes minutes to do
Freeze usually happens until you A. Either have a salary certficate & visa for a new role or your outstanding loans/credit cards are paid in full Yes they can take any outstanding amounts owing out of your EOSB Ask company to give you a cheque then it isnt marked as a final payment . If sent electronically nothing you can do to stop it being frozen
Originally Posted by Millhouse
(Post 12779316)
I had a car loan and they didn’t freeze. That said, I also didn’t cash the EOS cheque until I had a new visa. |
Re: Account Freezing
If you're not paid by WPS, they don't need to mark the bank transfer as "final salary". Have a word with the finance person, if he/she is not a prick, shouldn't be an issue. Cheque definitely best though.
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Re: Account Freezing
Originally Posted by Gavtek
(Post 12779697)
If you're not paid by WPS, they don't need to mark the bank transfer as "final salary". Have a word with the finance person, if he/she is not a prick, shouldn't be an issue. Cheque definitely best though.
Now need to follow up and make sure that sticks :fingerscrossed::thumbsup: |
Re: Account Freezing
Originally Posted by Scamp
(Post 12780116)
Had a chat with finance lady last night whilst pissed. Got her to agree to not mark it.
Now need to follow up and make sure that sticks :fingerscrossed::thumbsup: |
Re: Account Freezing
Originally Posted by weasel decentral
(Post 12780119)
Are you departing the balmy gulf shores?
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Re: Account Freezing
Originally Posted by Scamp
(Post 12780120)
Not yet kind sir, just going to do the same thing for someone else basically. Needed a new challenge, been with the current company a long time and time to start milking this place for what I can get.
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Re: Account Freezing
Originally Posted by weasel decentral
(Post 12780122)
aha OK, well good luck with the new role - change is definitely required to keep the interest levels up and fill the cash bucket.
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Re: Account Freezing
Originally Posted by Scamp
(Post 12780158)
Thanks very muh. Yeah for sure. Deciding to leave was tough, mainly for emotive reasons, we are a good company (from the outside perhaps). Lots of frustrations made it easier though, and a bump in cash obvs.
I'm stuck in my golden cage until September 2020 (unless I can convince them otherwise) but the plan is to depart soon after. I've sat at this desk for 10 years! |
Re: Account Freezing
Originally Posted by Millhouse
(Post 12780166)
Congratulations Scamp!
I'm stuck in my golden cage until September 2020 (unless I can convince them otherwise) but the plan is to depart soon after. I've sat at this desk for 10 years! It's tough to leave the gratuity, when you know it's building solidly....but also nice to cash in. Where you heading? Europe? |
Re: Account Freezing
Originally Posted by Scamp
(Post 12780170)
Cheers bud.
It's tough to leave the gratuity, when you know it's building solidly....but also nice to cash in. Where you heading? Europe? Deffo staying here for now, and open to options. Might look at joining a startup (interesting), spinning out (lucrative but hard to execute - we are trying), or a government investment fund (not so interesting but a new set of challenges). In all cases, I can't see being in this job at the end of 2020. |
Re: Account Freezing
Originally Posted by Millhouse
(Post 12780172)
Well, I guess the gratuity will just start building up somewhere else so it's not really a loss... I don't get it here. I'm waiting to hit the 10 years to qualify for our pension scheme.
Deffo staying here for now, and open to options. Might look at joining a startup (interesting), spinning out (lucrative but hard to execute - we are trying), or a government investment fund (not so interesting but a new set of challenges). In all cases, I can't see being in this job at the end of 2020. They're three very different options....I like the idea of a startup, but that's mainly for a cool office and jeans every day. |
Re: Account Freezing
Good luck, Scamp
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