Can I Use My Payroll ATM Account After I Resign?

Different banks have different policies for payroll ATM accounts.

When banks detect that a certain payroll ATM account has not been used for many months, they do any of these, based on experiences shared online:
 --  They immediately close the account.
 --  They convert the account to a regular account, which requires a maintaining balance, and when the balance turns to zero or negative, the account is automatically closed.
 --  The account remains active for a time, waiting for the account owner to inquire about the account and convert it to a regular account.

How Is a Payroll ATM Account Different from a Regular ATM Account?

--  Most DO NOT require a maintaining balance, as its maintenance is taken care of by the company's corporate account.
--  Some payroll ATM accounts do not accept over-the-counter cash deposits
 -- Most do not accept over-the-counter CHECK deposits
 -- Some do not accept foreign remittances
 -- If your payroll ATM account was opened in your behalf by your employer, and therefore its maintenance is taken care of by the company's own corporate account, this ATM account is basically not yours. It can be closed anytime when you leave the company.

What's the Best Way to Handle a Payroll ATM Account Upon Resignation or Separation?

You have two options:

-- If you do not have at least 2 valid IDs to open your own bank account, visit your branch of account and ask about converting your payroll ATM account into YOUR OWN regular account.

-- If you have at least 2 valid IDs, withdraw all what's in your payroll ATM account, then open YOUR OWN bank account. 

Note: If you have 99 pesos or less left in your ATM, and you can't withdraw it, and you like to get it, use it asap at a supermarket, grocery or drugstore that has a swipe device. There are items worth 99 pesos or less.


  1. Good Post! Thank you so much for sharing this pretty post, it was so good to read and useful to improve my knowledge as updated one, keep blogging.

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  2. Hi ... What if the payroll mistakenly credited my account of more than the amount of my last pay, will they still have a hold of that??

    1. Hi Ebornyl, no, they can no longer get it electronically (unless they have prior agreement with the bank about errors like these), but if it's a big amount, they will surely call you and ask you to return the money. On the other hand, maybe you have tax refunds. You can call them and ask the amount of your last pay (salary, benefits or refunds).

  3. how can i convert may payroll account into a regular account since i was seperated in my company.... i have a card with my name on it

  4. Hi, to be sure, go to the branch where your account was opened with your IDs, and ask how you can convert your payroll account into a regular account and your own personal account. This is to ensure that they will remove any restrictions in your payroll account (like no check deposit, or no over the counter deposit).
    Remember that when your account is converted into a regular account, you need to maintain your required minimum balance, otherwise you will be charged or penalized.

  5. Can I still use my old payroll account in my new company, instead of opening a new one?

  6. How do i know if my act is still in payroll act or in personal act...thnkyou

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