2007-01-24 13:10:50 · 10 answers · asked by marcandcarly 1 in Business & Finance ➔ Personal Finance
I work for a Bank.
Part of my contract of employemt states that my salary must be paid into an account held with them .
I also have to agree to conduct my personal finances in an appropriate manner and they can check that i am doing so by having my main bank account with them.
2007-01-26 09:41:40 · answer #1 · answered by angie 5 · 0⤊ 0⤋
Dont know if it's legal,our salary has to be paid into a staff account,i didnt want to bank with them but i had no choice,all staff at the bank i work for are required to have a staff account
2007-01-24 21:29:07 · answer #2 · answered by NATALIE W 3 · 0⤊ 0⤋
I wouldn't think so but you'll probably benefit from it financially. I would probably set up a second account with a different provider or keep my existing one and open a new one with them but so as they can't keep tabs on my day to day business I'd only use it to receive payments from them and set up a standing order to transfer whats received each month into the other account. I doubt very much if they could do anything about that.
2007-01-24 14:04:53 · answer #3 · answered by Grae(ME) 2 · 0⤊ 0⤋
No - but they usually offer better terms. Have a bank account with them to receive your salary and keep your own accounts if that helps.
2007-01-24 13:15:38 · answer #4 · answered by Biz Guru 5 · 0⤊ 0⤋
They'll need an account to pay your salary into but they cannot MAKE U bank with them!
2007-01-24 14:08:07 · answer #5 · answered by Ms Fabulosity 3 · 0⤊ 1⤋
If you want to work for them, why not? Firms do this for all sorts of reasons. Ease of banking, security, get paid on time and so on.
2007-01-24 13:16:25 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I think you'll find it's in the Conditions of Employment which you either accept or you don't get the job.
If you're working for a financial institution, they're required to see that your own finances are in reasonable order, for obvious reasons, really.
2007-01-25 03:24:47 · answer #7 · answered by champer 7 · 0⤊ 0⤋
no but they can require you to provide information on a bank account for direct deposit
2007-01-24 13:14:45 · answer #8 · answered by notfromaround_here 4 · 0⤊ 0⤋
Many financial firms require this so they can keep track of your finances for regulatory reasons. hey may also require you to change brokerage houses as well.
2007-01-24 13:18:11 · answer #9 · answered by Peaches 4 · 0⤊ 0⤋
report them, that sounds illegal
2007-01-24 20:19:07 · answer #10 · answered by Anonymous · 0⤊ 1⤋