1 Jan, 2018 → by ClaimboUser412119
Blocking of account balance
*SOLVED

1

I have a bank account in ADCB Bank and for the past 1 year and have credit card with them as well. Recently I have resigned from my current employer in Abu Dhabi) to join another company in Dubai). For visa purposes I exited UAE and currently in my home country. Two days back, my existing employer credited a checque of my end of services benefits however the bank blocked all of this amount reason being that my salary will no longer be credited in the account and the bank needs surety that I'll get my salary transferred from my new employer to the same bank. This made me really worried as currently I cannot give the bank such surety as my visa is in process and I can't ask for the salary transfer letter from my new employer till I officially join them. Furthermore, I've some payments scheduled and the checques issued by me will be dishonored if this amount is not released by the bank. Currently I have no liability with the bank except the credit card and the total credit limit of the credit card is way too less than the amount bank blocked. I can understand that the bank needs to protect their interest and I asked them to block the amount equal to my full credit limit and release the rest so my checques will be cleared. When I asked how am I supposed to make payments, even for my credit card dues, when you are blocking my account balance the bank representative responded me that it's not bank's problem. Now I'm sitting in my home country waiting for visa and have checques issued for payment of my car loan and can't do anything about it just because of such a stupid and illogical bank policy.
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