Bank deposit dillema

[vernier caliper]

Hi Iyah.

The salary reflected on your employment contract and your payslip will be compared against your bank statement. However, you don't have bank statement since you are receiving your salary in cash and not through bank transfer. That is why I suggest on my previous post to postpone your application and open an account for salary transfer so your salary will be justified accordingly.

Two things to clarify based on my experience in the GGC: (1) Bank account for salary transfer do not require to maintain minimum balances. In simple words, if your employer deposited $500 on your account then you can withdraw $500 and no need to worry even your account is left with zero penny. (2) Savings Account maintaining balance is from $700 - $1500 only and not $3000 as you have thought. You must to realize the difference between a Salary Transfer Account (Current Account) and a Savings Account.

Your HSBC Dollar Account is a savings account. You cannot use this account or bank statement to compare with your contract salary or payslip. Savings account in general has different sources (i.e. cash from property sale, inheritance, donation, savings from salary, etc). You could use your HSBC bank statement only to show that you have savings but you cannot use this to prove that you're receiving $500 monthly from your employer. Send me PM if you wish further clarification.

Regards

[iamiyah]

Hi Iyah.

The salary reflected on your employment contract and your payslip will be compared against your bank statement. However, you don't have bank statement since you are receiving your salary in cash and not through bank transfer. That is why I suggest on my previous post to postpone your application and open an account for salary transfer so your salary will be justified accordingly.

Two things to clarify based on my experience in the GGC: (1) Bank account for salary transfer do not require to maintain minimum balances. In simple words, if your employer deposited $500 on your account then you can withdraw $500 and no need to worry even your account is left with zero penny. (2) Savings Account maintaining balance is from $700 - $1500 only and not $3000 as you have thought. You must to realize the difference between a Salary Transfer Account (Current Account) and a Savings Account.

Your HSBC Dollar Account is a savings account. You cannot use this account or bank statement to compare with your contract salary or payslip. Savings account in general has different sources (i.e. cash from property sale, inheritance, donation, savings from salary, etc). You could use your HSBC bank statement only to show that you have savings but you cannot use this to prove that you're receiving $500 monthly from your employer. Send me PM if you wish further clarification.

Regards

Salamat po Sir/mam for your kindest reply. I am truly grateful for all the helps you had given me.

I do apologize for the inconvenience that lengthy message I have sent. Atm, I am just stocked doing a covering letter esp on how will I explain and prove that what I deposited is a money I saved from my salary paid in cash monthly.

Salamat po and God bless your good heart.