Thelittlestone83

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EW NEWBIE

Latest post on 18 January 2016 - 15:39

Hello everyone, Apologies for me asking a question as my first thread, but I wonder if anyone can help me. I know there are quite a few threads on this already but from what I can see they are quite old and there's nothing more recent. I'm wondering if anything has changed. I have been in Dubai for 7 years and for 5 of those years I've had a job with a listed company. Around 3 months ago, I took a personal loan to assist with the purchase and renovation with a house in the UK. Around 2 months ago, I began interviewing with another listed company (out of the blue) and managed to secure a new job with brilliant benefits and a 60 percent payrise, so of course I took it. I'm waiting to receive my passport back from my current job so I can hand it to my new employer for visa processing. I signed the EOSB form and I am owed a lot of money having been there so long. However, because I have the loan, I am being told by H.S.B.C (who I bank with) that they &quot;may&quot; freeze my account and all of the EOSB until I can show my new visa and emirates ID. They are actually being quite vague, I can't get a definitive answer. I don't have any credit cards (I cancelled the one associated with my account ages ago) but I am petrified they will use all of my EOSB to go towards my loan (it doesn't pay all of it but certainly a massive chunk) - has anyone had a similar experience lately? What happened? I had a car loan with H.S.B.C a few years ago and paid in full, no defaulting. Will this count? Are banks still doing the freezing thing? I've asked my new employer to stamp my contract and I've just asked for a salary transfer letter but not sure how feasible that is given that I haven't actually started the job yet.. Any advice would be welcomed! Thanks so much. My friend changed roles before Christmas and had credit cards, they froze her account however didn't use her EOSB to clear them as she had a salary transfer letter and offer letter from her new company It take them a while to unblock the account once she started the new job Why don't you call the HSBC not give them any personal details and ask them what the situation is Thank you for this, yes the general consensus seems to be as long as I can prove that I have a new job they won't take everything, they'll just hold it for a while. I visited the HSBC branch to see what the score was - they were super vague saying it was their policy to freeze on any accounts with a loan attached but that if I provide a salary letter, a stamped contract and a letter to say that my visa and Emirates ID is in progress, they "may" be able to unfreeze...looks like I just have to prepare myself for the worst and assume I won't have access to money until mid Feb when I get my new visa/ID through..!

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Thelittlestone83

Posts

EW NEWBIE

Latest post on 18 January 2016 - 11:59

Hello, Bloomingdales in Dubai Mall sell them - in the costume jewellery area on the Ground Floor. They sell out pretty quick but the range was quite extensive, I bought lots of different designs in silver and gold.

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