Getting scary
Feb 10th 2009, 8:28 am
#16
Lost in BE Cyberspace
Joined: Jun 2007
Location: Dubai
Posts: 13,547
Re: Getting scary
Um thing is they have been great up till now, i have been with them 4 years. Just wondering if all the banks will be following suit, i guess they have lost a lot of money on run aways and cant run such risks anymore.
I think soon the gov will order a directive to all companies that if an employee is being terminated or leaving the company's employ that the company must inform the bank immediatley.
This was the case when i first got here. You had to get a letter from the bank that all your loans etc were paid up and that yr bank account was closed, then your visa was cancelled, you passport held until flight departure date, you were then escorted to the airport by the PRO, given yr passport, made sure you left and ha ha then came back on the next plane for the next job
I see some pretty crazy new rules coming, the banks cant soak up all these unpaid debts, just my thoughts
I think soon the gov will order a directive to all companies that if an employee is being terminated or leaving the company's employ that the company must inform the bank immediatley.
This was the case when i first got here. You had to get a letter from the bank that all your loans etc were paid up and that yr bank account was closed, then your visa was cancelled, you passport held until flight departure date, you were then escorted to the airport by the PRO, given yr passport, made sure you left and ha ha then came back on the next plane for the next job
I see some pretty crazy new rules coming, the banks cant soak up all these unpaid debts, just my thoughts
Feb 10th 2009, 11:41 am
#17
Joined: Apr 2008
Posts: 872
Re: Getting scary
... gits ...
Feb 10th 2009, 2:23 pm
#18
Lost in BE Cyberspace
Joined: Dec 2006
Posts: 23,434
Re: Getting scary
Previously I had 5 cards and each bank required a security cheque covering the credit limit...As far as I know, it's normal...
Feb 10th 2009, 2:31 pm
#19
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: Getting scary
If I ran a bank I'd ask for a minimum balance to be maintained at all times.
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Feb 10th 2009, 2:35 pm
#20
Lost in BE Cyberspace
Joined: Dec 2006
Posts: 23,434
Re: Getting scary
You cannot be penalised in court for not keeping a minimum balance...
Feb 10th 2009, 2:41 pm
#22
Lost in BE Cyberspace
Joined: Dec 2006
Posts: 23,434
Re: Getting scary
Same condition as any bank checking account, where they charge you X amount for going below...Still, it doesn't cover the bank's risk, does it???
Feb 10th 2009, 2:45 pm
#23
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: Getting scary
It does it if the amount is commensurate with the credit card limit. Much less risky than holding a cheque which could be worthless.
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Feb 11th 2009, 1:21 am
#27
Lost in BE Cyberspace
Joined: Jun 2007
Location: Dubai
Posts: 13,547
Re: Getting scary
have noticed here that when the banks are in the streets pushing their credit cards they generally ignore me but do hand a flyer to my Mrs. Guess its because she could be confused for being a local.
Feb 11th 2009, 3:06 am
#28
BE Forum Addict
Joined: Aug 2008
Location: Far from home!
Posts: 1,024
Re: Getting scary
in the UK a few months ago they were doing the opposite. if you paid the balance off on time/before time with no fees/interest having been earnt, they'd drop the limit on you (w/ next to know warning). essentially, you're a 'good risk' (low risk) but for that very reason, they weren't making any money off you (except for the trader and the 2 - 3% cut of the transaction price).
... gits ...
... gits ...
Guess problem can only be solved by throwing some money around in shops, but isn't going to happen!
Feb 11th 2009, 5:53 am
#30
BE Enthusiast
Joined: May 2007
Location: UK... for now...
Posts: 355
Re: Getting scary
I have heard of this at some banks, but only where someone wanted that banks credit card, but the person did not have a current account with the bank.
