Employer wants me to open an account with a specific bank

daniel598

Billy_Bragg wrote: »

You work for Lloyds Banking Group and I claim my five pounds.:rotfl:

It's already been flagged up as an "unenforceable clause" in contract law by the Unite. Although technically they can tell you to do it - there is no practicable way of making you do it if you can't (or don't want to).

I work for LBG and have not once be told I need to bank with them

fischer79

daniel598 wrote: »

I work for LBG and have not once be told I need to bank with them

I have for 5 years and it was part of the contract when i signed.

p.s. think v. carefully before you accept the new t's & c's (that is if you are on the LTSB side and have a choice)

daniel598

I'm from the hbos heritage and had worked there for nearly 2 years. When we joined we were offered a current account but it wasn't compulsory.

getmore4less

alanrowell wrote: »

I've just been told that as part of revised T&Cs that I am required to have an account with a specific bank in order to be paid.

Is this legal? What measures can I take to prevent this? Who is responsible for any problems during the change-over period? Am I obliged to use my own time to open this account?

1. Only open the account and set up a standing order to direct the salary payment to your own account with your prefered bank, DO NOT transfer any other business to this bank.

2. not sure.

You could try to get declined for the new account ask what happens then..

jambosans

daniel598 wrote: »

I'm from the hbos heritage and had worked there for nearly 2 years. When we joined we were offered a current account but it wasn't compulsory.

It's a Lloyds TSB heritage policy, or at least it used to be.

Mishomeister

bengalknights wrote: »

Alot of banking institutions make there employess have accounts with them RBS and barclays coming to mind, I would recommend opening the account then setting up a same day standing order to transfer your salary to your normal bank account that way nothing need be changed over.

Well I work for HSBC and was required to open an account as a part of a contract.
If someone having his salary paid to us and transfers the money elswhere we would be unlikely to give that person any lending.
On the other side the money coming to the account not by bacs but by a standing order or a bill payment would look like a money with unclear origin and it would be unpedictable when they could stop receiving a standing order o a bp. So that person probably would not be able to get a credit either.

I Someone banks with 2 bankswith the same kinda rules he might end up of not getting any credit so I would recommend you to think if u want to play this standing order game

stclair

I do it every month with no problems the minute I get paid my salary gets transfered to HSBC.

I dont like the thought of RBS knowing what ive been purchasing !!

Olipro

Mishomeister wrote: »

Well I work for HSBC and was required to open an account as a part of a contract.
If someone having his salary paid to us and transfers the money elswhere we would be unlikely to give that person any lending.
On the other side the money coming to the account not by bacs but by a standing order or a bill payment would look like a money with unclear origin and it would be unpedictable when they could stop receiving a standing order o a bp. So that person probably would not be able to get a credit either.

I Someone banks with 2 bankswith the same kinda rules he might end up of not getting any credit so I would recommend you to think if u want to play this standing order game

could someone translate this into coherent English please?

missile

Olipro wrote: »

could someone translate this into coherent English please?

Makes perfect sense to any HSBC employee :rotfl:

rb10

Mishomeister wrote: »

On the other side the money coming to the account not by bacs but by a standing order or a bill payment would look like a money with unclear origin and it would be unpedictable when they could stop receiving a standing order o a bp. So that person probably would not be able to get a credit either.

I'm not convinced that receiving money in this way could be seen as having 'unclear origin'. What about ...

- people who are self employed, many of whom receive their income by cash, cheque, or BACS payment from their customers; or
- people who work for small businesses that do not pay their employees by BACS Direct Credit, but by individual BACS payments instead.

As far as the receiving bank can tell, there is no difference at all between the second scenario above and what the OP is proposing to do.