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-   -   Account Freezing (https://britishexpats.com/forum/middle-east-60/account-freezing-929842/)

UKCityGent Dec 22nd 2019 9:32 am

Re: Account Freezing
 
Congrats old chap

I dont think i could do the pleasantries of being nice anymore when you join a new company

scrubbedexpat141 Dec 22nd 2019 10:18 am

Re: Account Freezing
 

Originally Posted by UKCityGent (Post 12781421)
Congrats old chap

I dont think i could do the pleasantries of being nice anymore when you join a new company

Thanks mate.

That's about the only part I'm dreading. BUT, I'm making a plan that means I'll force myself to do it ultimately...

UKCityGent Dec 22nd 2019 12:11 pm

Re: Account Freezing
 

Originally Posted by Scamp (Post 12781432)
Thanks mate.

That's about the only part I'm dreading. BUT, I'm making a plan that means I'll force myself to do it ultimately...

Its always good to get you out of your comfort zones - however im sure you will bat well

carcajou Dec 24th 2019 1:20 am

Re: Account Freezing
 
My account was not frozen at all, and I was advised by the bank that I could keep it open indefinitely.

Moved my large gratuity out with no problems, a few days after the official leaving date.

So I would say as long as you do everything legally then there won't be any issues at all.

I do know of someone who did get hung out to dry on a car loan, he owed money on it and managed to sell the car, but the bank refused to approve the sale and continued to hound him for the payments - he ended up defaulting from outside the country and I assume the bank just had to eat the loan. However, that was not a run-of-the-mill situation or a run-of-the-mill departure (that person did not leave his/her company on good terms) and I suspect that all played a part.

If you are leaving on good terms and do all the paperwork etc I would be very surprised if there were any complications.

scrubbedexpat141 Dec 24th 2019 3:40 am

Re: Account Freezing
 

Originally Posted by carcajou (Post 12781984)
My account was not frozen at all, and I was advised by the bank that I could keep it open indefinitely.

Moved my large gratuity out with no problems, a few days after the official leaving date.

So I would say as long as you do everything legally then there won't be any issues at all.

I do know of someone who did get hung out to dry on a car loan, he owed money on it and managed to sell the car, but the bank refused to approve the sale and continued to hound him for the payments - he ended up defaulting from outside the country and I assume the bank just had to eat the loan. However, that was not a run-of-the-mill situation or a run-of-the-mill departure (that person did not leave his/her company on good terms) and I suspect that all played a part.

If you are leaving on good terms and do all the paperwork etc I would be very surprised if there were any complications.

:thumbup:

Good terms at the moment but the 2 month notice period is already killing me. Thank **** it's over Christmas.

Brains1983 Dec 24th 2019 5:48 am

Re: Account Freezing
 

Originally Posted by Scamp (Post 12781995)
:thumbup:

Good terms at the moment but the 2 month notice period is already killing me. Thank **** it's over Christmas.

I was 6 months from the end of the month I resigned in with my last employer and they held me to it. bastards. Good luck in the new role.

scrubbedexpat141 Dec 24th 2019 6:28 am

Re: Account Freezing
 

Originally Posted by Brains1983 (Post 12782016)
I was 6 months from the end of the month I resigned in with my last employer and they held me to it. bastards. Good luck in the new role.

Agony! I'm struggling to cope so far and it's been 3 weeks!

UKCityGent Dec 24th 2019 8:22 am

Re: Account Freezing
 

Originally Posted by Scamp (Post 12782024)
Agony! I'm struggling to cope so far and it's been 3 weeks!

Just start to be a pain in the arse to the management and they will ask you to leave quicker - keep making new suggestions which is what is being done in your new company; start arranging meetings which have no useful agenda or conclusions; or pay $50 for a quack to give you 3 weeks sick leave

carcajou Dec 24th 2019 9:35 am

Re: Account Freezing
 
From recollection, the labour law says that the two-month period can be waived in entirety or in part by a payment from the employee to the company for the time being forfeited - ie, if you want to leave with only a month's notice, you pay them a month's salary etc.

So if it's bothering you that badly see if the company is up for negotiating down the notice period.

scrubbedexpat141 Dec 29th 2019 4:52 am

Re: Account Freezing
 

Originally Posted by carcajou (Post 12782064)
From recollection, the labour law says that the two-month period can be waived in entirety or in part by a payment from the employee to the company for the time being forfeited - ie, if you want to leave with only a month's notice, you pay them a month's salary etc.

So if it's bothering you that badly see if the company is up for negotiating down the notice period.

Hahahahahaha - I'd rather sit and do **** all than pay to get out.

They're not monsters or anything, they'd just be ****ed if I left immediately. Once the main guys are back and we're into mid Jan I'll ask to finish end of Jan instead.



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