Understanding between banks and businesses to dispense with the message of “salary transfer” for the status assigned

Working banks in the country agreed with working parties to dispense with the message of transferring the procedure customer’s salary, and only a message that the work authorities are committed not to transfer the salary to any other bank, except after obtaining a “no objection” message from the accused bank, in exchange for not reserving the end -of -service reward In the event that the customer moves to a new employer.

An official source in the banking sector told «Emirates Today», who preferred not to publish his name, that “some banks applied the agreement and understood with a large number of work agencies, especially the governmental and listed in their lists, while the rest of the banks are preparing to sign the same (understandings).”

This came in comment on complaints received by «Emirates Today» from dealers regarding the banks they deal with, to seize the end of service reward from their previous work, and their requirement to obtain a salary transfer message and not a certificate of salary details, in order to pay the obligations they have.

They emphasized that they have fulfilled all the required documents, which are useful for receiving work from a contract and a valid residence on the new authority, and other required papers, with the exception of a letter of salary transfer to the bank.

They pointed out that their salaries have already been transferred to their bank account with the accused bank, yet a bank reserved the monthly salary of a customer, under the item of paying the personal loan, although the value of the new salary is higher than the old, and the workplace that he moved to lists. Bank.

The responsible source said: “The salary transfer message implicitly means an obligation to ensure the bank’s right to the end of the customer’s service, and there are many problems that occurred as a result, so the largest percentage of the work authorities sought to understand with banks regarding this and agree to send a mailing message to the bank stating that a salary does not be transferred The customer who is assigned to any other bank, except after receiving a message (no objection), in exchange for not reserving the customer service end or part of it, according to the internally followed in each bank.

It is noteworthy that the Emirates Banking Union informed “Emirates Today”, early last year that the continuation of the customer when he moved to a new work in paying his usual installments without reserving the end of service reward, depends on bringing a message to transfer a salary from the new side to which he moved, stressing the need to inform the customer His bank built his resignation, and move to a new work, before resignation and not after it.

The Federation of Banks explained, at the time, that the customer affected by reserving the end of his service reward, usually did not meet the bank’s requirements to bring what is proven to be transferred to a new work, as well as a message of transfer to the salary from the authority to which he moved to the bank itself from which he obtained the loan or financing, stressing that it is In such a case, banks have the right to reserve the amount of the full end of service reward, as well as not to continue the loan agreement, meaning that the installments do not continue as they were in the old work of the customer, and even demanding the remaining balance that is not paid from the loan.

He indicated that the customer’s salary is the only guarantee of a personal loan, in the largest percentage of transactions, so the message of salary transfer from the new employer is essential that customers should pay attention to.