Salary Transfer Question : PLEASE HELP! | ExpatWoman.com
 

Salary Transfer Question : PLEASE HELP!

5
Posts
EW NEWBIE
Latest post on 21 March 2011 - 08:33

My employer has been paying via cheque and has now set up direct transfer, which is great, however they INSIST we must open a bank account with the same bank they are with. I don't want to do this as between my husband and I, we already have 2 different banks open.

They are now telling me they can transfer my salary to my bank but will have to charge me the 50aed transfer fee. Can they do this? 50aed is not much but every month, it adds up quickly! Any opinion/advice is appreciated!

5
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EW NEWBIE
Latest post on 22 March 2011 - 10:44
Hi Ladies! Just thought I'd let you know I disputed this with my company and said 50aed was quite high (over 1 year, that's over 1000 aed!) and that I didn't appreciate my employer determining who I should bank with and they've agreed to waive the fee! Yippee! I know it's only minor but it's a good win! Thank goodness I didn't grin and bear it. Thanks for all your advice!
5400
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EW MASTER
Latest post on 21 March 2011 - 13:03
Husbad used to work for a co in Geneva which owned a bank, amongst other things. All employees were obliged to open a salary account with this bank for their monthly salaries to be paid in. It all came unstuck when the bank, which was a private investment bank, required that all accounts keep a very high minimum in them (often more than the monthly salary husbad earned!), so the company had to change where they paid the salary. Otherwise, they were within their rights to do this, apparently.
5
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EW NEWBIE
Latest post on 21 March 2011 - 12:59
Thanks for your feedback. I'm really annoyed they want to pass this charge on to me. I don't understand how they can have the control to stipulate WHO I should bank with. Surely every employer doesn't do this? My company is a large internaitonal company and we have offices both in and out of a free zone (but I sit in the free zone). It doesn't bother me to wait an extra few days for my pay to clear. I just dont see why I should be slogged 1100 aed per year for them to pay me! :(
149
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EW NEWBIE
Latest post on 21 March 2011 - 11:55
@madolecow, fair point but i guess it all depends on the size of the company. Before WPS, i was paying my staff on time, by check on the first day of the month. Now, my bank charges me about AED320 overall for my 5 staffs every month to use their online system and the form to fill in does my head in every month. Again the value of the system may differ from bank to bank, and on the company size. @simpleasabc. I find the expression really funny and I guess the 'pain in the A***' and 'Pain in the B***' might not have gone through. Mind you, I could have used 'pain in the neck'... but where's the fun in that ? ;)
1100
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EW OLDHAND
Latest post on 21 March 2011 - 11:35
If they don't want to pay by cheque anymore, and they don't want to pay into another bank account, ask them to check with al ansari as they can do a salary transfer through that which means you can get cash.... They should absorb the 50AED, bit tight on their part
5400
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EW MASTER
Latest post on 21 March 2011 - 11:33
Frenchbird, where did you learn your English that you come up with "a pain in the jacksy"? Extremely Irish colloquial for a French person ;)
374
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EW EXPLORER
Latest post on 21 March 2011 - 11:31
if your employer is Dubai based (as opposed to based in a freezone), they now have to pay their staff's salary via WPS (the wage protection system), which is great to protect employees against unscrupulous companies, but a real pain in the jacksy every month for employers. In addition to the insane amount of extra admin work this brings on, the UAE central banks and the banks charge a monthly fee for using the system. The cost is higher if the employees have a different bank than the employer. I am assuming that your employer is covering costs in that manner. Not nice frankly, but not much you can do. Your best bet is to open the account in their bank, receive your salary every month and write yourself a cheque and deposit in your other account. Unnecessary extra admin for you, but you'll save yourself AED50 a month. Just make sure you keep the minimum balance in the account. I disagree. We pay 150 AED a month charges to use the WPS scheme. Thats 4000 less than pre WPS scheme A company should not be making you pay the charges if they want to pay by bank transfer.
149
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EW NEWBIE
Latest post on 21 March 2011 - 10:28
if your employer is Dubai based (as opposed to based in a freezone), they now have to pay their staff's salary via WPS (the wage protection system), which is great to protect employees against unscrupulous companies, but a real pain in the jacksy every month for employers. In addition to the insane amount of extra admin work this brings on, the UAE central banks and the banks charge a monthly fee for using the system. The cost is higher if the employees have a different bank than the employer. I am assuming that your employer is covering costs in that manner. Not nice frankly, but not much you can do. Your best bet is to open the account in their bank, receive your salary every month and write yourself a cheque and deposit in your other account. Unnecessary extra admin for you, but you'll save yourself AED50 a month. Just make sure you keep the minimum balance in the account.
14
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EW NEWBIE
Latest post on 21 March 2011 - 09:54
Hi, In Qatar and the UAE we were able to use whatever banks we want. As far as I recall, RAKBANK didn't impose any charges on us and they had quite good customer service. I hope that helps?
87
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EW NEWBIE
Latest post on 21 March 2011 - 09:32
Yes most of the banks do charge. And moreover it might take 2 days or so from the day your company would have released the salary, to be credited in your account which is in another bank other than your employers bank.
143
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EW NEWBIE
Latest post on 21 March 2011 - 08:57
I had similar charges threatened with my employers bank (RBS) and Lloyds, in the end i opened with HSBC (knew nothing about RBS out here) as the transfer was free to HSBC too. (incidently both sides said it was the other bank that charged the fee!) Sometimes there is no rhyme or reason you just have to go with it and take the hassle of closing accounts on the chin. It is a pain!
4747
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EW MASTER
Latest post on 21 March 2011 - 08:35
My employer has been paying via cheque and has now set up direct transfer, which is great, however they INSIST we must open a bank account with the same bank they are with. I don't want to do this as between my husband and I, we already have 2 different banks open. They are now telling me they can transfer my salary to my bank but will have to charge me the 50aed transfer fee. Can they do this? 50aed is not much but every month, it adds up quickly! Any opinion/advice is appreciated! i think its best just to open an account with your employers bank, sometimes you have no choice, but in the long run it will help that if you needed a loan the bank will see that you are being paid monthly and on time etc.
 
 

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