(Untitled)

[blue_monday]

I've worked in banks and financial institutions before, and I have never heard of it being policy to make staff have a primary bank account with the bank that they work for. RBS group appear to have gone mad:

The Royal Bank of Scotland Group (RBS) has warned its UK staff that they must have their primary bank account with the firm or face

Comments

[glitterboy1]

What?! Can they even do that? Sheesh.

[blue_monday]

Well, I don't think they can, but they seem to.

[slemslempike]

About seven or so years ago I was talking to Lloyds about an account of mine, and the guy said that he had to have a staff bank account as part of working there, and furthermore that it was monitored, and when he had an inheritance go in he was questioned about it.

[blue_monday]

I worked for a LloydsTSB group company until three years ago, and there was no insistence on using group products - they were there with good offers if we wanted them.

[biascut]

It doesn't say much for your confidence in your product if you have to force your staff to have an account with you, does it?

I'm amused by the thought of other businesses trying to enforce the same sort of thing, though. Tesco: "OK, you can pop into Sainsbury's once a week to get some tissues, but your main weekly shop has to be here! We'll KNOW if you're not getting at least 95% of your household groceries here!" Or CarpetWorld specifying that at least 87% of the floorspace of your living accommodation must have their products. Is it not more normal to offer a good deal for your staff and assume that they'll want to use it?

[blue_monday]

It really doesn't say much, and that's quite surprising. It's actually more surprising that they've gone about this in such a way that it'll get into the press, especially with the recent announcements of bonuses and profits.

Where I've worked before, the companies have always offered decent deals and assume staff will want them, which they quite often do.

[hfnuala]

I must admit I'm failing to see what the big deal is. The account is free and you can set things up so everything transfers to another account on pay day if you want to.

It's a hang over from the days when we were all branch staff and they wanted to know who was struggling because those are the people who might be tempted to start skimming. Personally, there are 1000s of other things they do that bother me as an employee before I worry about this.

[autosportscrew]

My objection to it would be that others would be able to see how much money I had in my account. They say "primary" bank account. Can they check that you use another bank for primary? This does sound nuts, and I've never heard of anything like this is in US.

you wacky Scots. =)