Keeping a payroll account for personal use

[freelancer_babe]

I have this payroll account from a past employer. Like other payroll accounts, walang maintaining balance ito.

I resigned from this past employer, but they did not ask me to close the account. I got past their clearances without surrendering my ATM card.

Can I still use the account as my own personal savings?

What if I have hundreds or thousands of cash in that account? I-ko-close kaya ni past employer pa rin ang account na yun?

FYI, that payroll account was opened with BDO.

[drowningpanda]

Kung nakapangalan sayo yung card, then sayo na yun. Kung sa past employer naman, try ka na lang mag-open ng sarili. Kasi pag nagka-problem ka sa atm mo(nawala, nadebit etc.), tatakbo ka pa kay employer para sa mga transactions kasi sa kanila nakapangalan.

[bagaholic_chewy]

^^ i have two atms that were previously payroll accounts - BDO (left the company 7 years ago) and BPI (left the company almost 6 years ago). Wala naman naging problem kasi personal accounts naman yun e. My BDO account though was converted to a regular account (from payroll) nung wala na pumapasok na sweldo, so me minimum maintaining balance na daw.

[freelancer_babe]

Kung nakapangalan sayo yung card, then sayo na yun.

Yep nakapangalan ang card sa akin.

^^ i have two atms that were previously payroll accounts - BDO (left the company 7 years ago) and BPI (left the company almost 6 years ago). Wala naman naging problem kasi personal accounts naman yun e. My BDO account though was converted to a regular account (from payroll) nung wala na pumapasok na sweldo, so me minimum maintaining balance na daw.

Yung BPI payroll mo, hindi na convert sa isang regular account?

Actually kasi, maliban sa BDO account na meron ako sa isa pang employer sa taas, may BPI rin ako from another past employer. Active pa ang account pero sinurrender ko ang ATM. Iniisip ko tuloy mag declare ng lost ATM card para magamit ko uli yung account na yun - gusto ko lang kasi na walang maintaining balance yun.

Pero wise yung BDO ha. Paano mo nalaman yung notice na na-convert ang account mo into regular account?

Naisip ko rin na baka ang BPI sa past employer ko, hindi na rin payroll account yun.

[bagaholic_chewy]

^ yung sa BDO, nalaman ko when i went to the branch to change account name to my married name. Siguro when they checked my account history, they noticed na wala na pumapasok na payroll. Not sure exactly.

Yung sa bpi, i'm not sure kung regular account na sya. So far kasi di naman super bumababa laman ng account so di ko lang din iniisip yung maintaining. Importante is nagagamit ko pa din yung account.

In both my previous employers, i never had to surrender my atm card though.

[freelancer_babe]

^ Thanks!

I guess I'll declare a lost ATM card na lang doon sa isang account para may access ako.

[Girltalker2]

^ you can always open a new account naman sa banks. But the accounts you have from past employers are yours. Never pako nakarinig ng company na nag papa surrender ng ATM. I think that's unlawful.

Pero tama sabi nila, you would need na a maintaining balance if hindi na sya payroll account. Unlike pag payroll, kahit zero balance, walang charge.

[tsokolat]

hi sis, check mo din kase some banks have system which can detect if account is still used for payroll e.g. 2x a month credits or they are enrolled in a payroll system. either way pag nalaman, automatically icoconvert yun account into regular account. hth.

[freelancer_babe]

^ you can always open a new account naman sa banks. But the accounts you have from past employers are yours. Never pako nakarinig ng company na nag papa surrender ng ATM. I think that's unlawful.

Well one company did. Pero di naman nila close pala ang account.

Another company also had me go to the bank to properly close the payroll account naman.

[freelancer_babe]

hi sis, check mo din kase some banks have system which can detect if account is still used for payroll e.g. 2x a month credits or they are enrolled in a payroll system. either way pag nalaman, automatically icoconvert yun account into regular account. hth.

I see. Wala rin palang lusot. Hehe.

[Evolet027]

HI! My BPI ATM card from my previous employer was converted into a regular account. How did I know? Nababawasan ako ng 300 pesos every month na nag ta transfer ako ng pera sa account na yun. Yun pala me maintaining balance na sya nung na convert sya to a regular account. So nakaka 3 mos na silang bawas saken, nung na notice ko. Tinawag ko sa support nila, then yun paliwanag saken. So, di ko na lang ginamit, anyway I have a separate passbook and a new payroll account sa BPI.