Skip to content

ExpatSingapore

Home Message Board Contact Us Search

ExpatSingapore Message Board 27 May 2012, 20:38:29 pm *
Username: Password: (or Register)
 
Pages: [1] 2
  Reply  |  Print  
Author Topic: Bank won't pay salary but still wants loan repayments  (Read 1983 times)
Stewing
Guest
« on: 29 January 2009, 11:17:27 am »
Reply with quoteQuote


WTF I am completely stewing and absolutely cannot comprend the situation. Im torn between committing hare-kiri on the banks doorsteps or sending an email to every single journalist in the world.

My bank, who is my employer, is refusing to pay me, but still expects me to make my loan repayments !

HR refuse to meet me and refuse to answer my emails. In the meantime the bank's credit department is happily making threats to me requesting that i make the instalment payments on my loan or else!

You are probably thinking that I must owe the bank (or someone) money elsewhere and they are using my salary to refund this money.....but no it's not the case.

What the hell am I supposed to do ?


Logged
ExpatSingapore Message Board
« on: 29 January 2009, 11:17:27 am »
Reply with quoteQuote



 Logged
Aliya
Hero Member
*****
Posts: 1487



View Profile
« Reply #1 on: 29 January 2009, 13:10:59 pm »
Reply with quoteQuote

Why are they refusing to pay you?
Logged
Interesting?
Guest
« Reply #2 on: 29 January 2009, 13:22:32 pm »
Reply with quoteQuote

Can you give some more back ground? Huh
Logged
Stewing
Guest
« Reply #3 on: 29 January 2009, 13:45:42 pm »
Reply with quoteQuote

Unfortunately I do not have any further information because HR are not giving me any. Ive escalated to compliance and Head of HR but still no news.....

Its as simple as that......HR have not paid me. The next step is to quit.
Logged
sioban
Guest
« Reply #4 on: 29 January 2009, 13:50:53 pm »
Reply with quoteQuote

The next step is not to quit, it's to either talk to MOM or get a lawyer.  No one here can really give much more advice because we don't have enough information.
Logged
Stewing
Guest
« Reply #5 on: 29 January 2009, 18:54:19 pm »
Reply with quoteQuote


Thank you, yes I will start with MOM. The lawyer will be the next step but that of course is an expense I would rather avoid. 

All I can do is send a list of all the correspondance I have sent, and what is owed to me. Unfortunately I don't have much from the bank except for the typical head in sand response, whenever there is a problem in Singapore, "I would like to understand your concerns". Apparently my letter stating that I haven't been paid, am due X amount, and that I would like it as soon as possible is beyond their comprehension.

The situation is totally ludicrous and that's why I am so frustrated. I have absolutely no reason or explanation.
Logged
Let me guess ....
Guest
« Reply #6 on: 29 January 2009, 19:17:28 pm »
Reply with quoteQuote

I hope I am wrong, for clear understanding: You are working for a bank and took a loan at the same bank. Due to the current economic situation the bank wants to get rid off you. In order to be sure they will still get their money, they simply let you work for free! Maybe I am wrong, but this sounds like the only logical explanation. Sure MOM can help? Good luck anyway!
Logged
fareastjunebug
Sr. Member
****
Posts: 328



View Profile
« Reply #7 on: 29 January 2009, 22:03:20 pm »
Reply with quoteQuote

If you earn more than some threshold value (something like 1600 or 2500 pm), the MOM is not likely to be interested in the case. The lawyer may be a better place if there is no internal dispute resolution mechanism in your organization. I would hazard a guess that going with a lawyer would spoil whatever remains of your relationship with your employer.

I am intensly curious - what does your manager have to say about the behavior of HR?
Logged

Do or do not, there is no try.
leveraged
Guest
« Reply #8 on: 30 January 2009, 11:21:23 am »
Reply with quoteQuote

you talking about salary, as in monthly salary? is that based on sales? i assume you took a housing loan at a preferred rate from the bank?

interesting to know which bank... the last time a bank failed to pay its staff on time was i think lehman in its final weeks.
Logged
Stewing
Guest
« Reply #9 on: 01 February 2009, 18:33:07 pm »
Reply with quoteQuote


The loan is under $10k so not enormous. Monthly salary less than that....... Im small fry so don't command much attention. Manager has buried her head in the sand and says to speak to HR. I think HR is very touchy and seem to command alot of attention despite being so hopeless.  Id love to say what bank it is but had better refrain ......

BTW I have never understood how to get locals to accept responsibility for anything.....any tips ?
Logged
fareastjunebug
Sr. Member
****
Posts: 328



View Profile
« Reply #10 on: 01 February 2009, 18:44:25 pm »
Reply with quoteQuote

Manager has buried her head in the sand and says to speak to HR.

After this is settled, work on getting a new manager. I wouldn't do this to somebody that worked for me.
Logged

Do or do not, there is no try.
to stewing
Guest
« Reply #11 on: 02 February 2009, 0:37:40 am »
Reply with quoteQuote

could you clarify if the amount the bank is withholding is your actualy monthly salary, or is a disputed commission or bonus payment?

also, while you are right in not naming your bank here, would you be able to reveal a rough geographical indication (eg bank is local, asian, european, american...)
Logged
Stewing
Guest
« Reply #12 on: 03 February 2009, 4:48:44 am »
Reply with quoteQuote

The bank is not American or Asian and not from mainland Europe  Grin. I dont get any commission or bonus so it's just my regular monthly salary. I think HR are totally scared of me now and have decided to pretend nothing is wrong rather than admit a mistake. How bl^^dy stupid.

Anyway Ive wasted enough forum space on this. There might be an article in the news in the few months if things don't get sorted.
Logged
Sure
Guest
« Reply #13 on: 04 February 2009, 15:35:02 pm »
Reply with quoteQuote

So it must be a British bank then ....
Logged
?..?
Guest
« Reply #14 on: 05 February 2009, 20:26:16 pm »
Reply with quoteQuote

or icelandic...  Smiley
Logged
Pages: [1] 2
  Reply  |  Print  
 
Jump to:  

Powered by SMF 1.1.16 | SMF © 2011, Simple Machines