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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by BankruptcyNews[/i] [br]RBS tells employees: bank with us or go unpaid Royal Bank of Scotland employees have received a warning from a main board director that they face disciplinary action unless they open a bank account with the Edinburgh-based group. Staff have received a letter from Gordon Pell, chief executive of the retail markets operations, saying they must have a bank account with RBS to receive their salary. They would need to open an account with NatWest, Royal Bank of Scotland, One Account, Coutts or Adam & Co. Article continues Mr Pell wrote: "I must therefore ask you to open an RBS Group bank account ... Failure to do so will represent a breach of group policy and I will be obliged to write directly to your line manager asking them to progress this matter according to the group's disciplinary policy." The letter gives a phone number for staff to ring to open an account and obtain benefits from YourBank, an internal bank for staff which provides perks such as cheaper mortgages and higher savings rates. It warns that switching bank accounts can take five weeks so urges them to act immediately. Rob Macgregor, national officer at the finance union Amicus, said: "Our helpline has been jammed with calls from angry staff. If you work for Tesco you won't be disciplined for buying your groceries from Sainsbury's. RBS's disproportionate and heavy handed approach is counterproductive and bad for morale. Amicus is taking legal advice on this issue and we're prepared to fight this." RBS retorted that while staff working for Tesco might be free shop elsewhere they would not be entitled to discounts in other grocers' stores. The problem appears to be with operations bought by RBS, notably the insurance business Churchill, acquired in 2003. About 14,000 of the bank's 135,000 employees are thought to hold accounts with rivals. RBS said: "In common with industry practice, our terms and conditions require staff to open a current account with us for the payment of their salary. This is made clear to all staff during the interview process and forms part of our overall reward package which includes a wide range of very generous benefits including financial deals. Our staff are completely at liberty to run other accounts with other providers." SOURCE: Jill Treanor Friday March 23, 2007 The Guardian See my Blogs: http://bankruptcynews.blogs.bankruptcyhelp.org.uk [/quote]   Check here to include your profile signature.