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.

34 Comments

Vicky Ram said…
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Ebornyl said…
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??
Nora said…
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).
Unknown said…
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
Nora said…
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.
icecube said…
Can I still use my old payroll account in my new company, instead of opening a new one?
Unknown said…
How do i know if my act is still in payroll act or in personal act...thnkyou
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Unknown said…
Hi! Can I still open a payroll account in the samr bank where I still have unpaid salary loan? ty
Nora said…
Yes, the bank will allow you to open an account. But I think all banks now have included it in their loan terms and conditions the statement that they have the right to take funds from your account to pay your liabilities to the bank.
Usually merong ganito sa Terms and Conditions: "I/we likewise hereby unconditionally authorize this bank to apply, without need of prior notice and/or demand, To the payment of my/our loan obligations pursuant hereto, such amounts of my/our monies in this bank's possession, whether on deposit or otherwise, as may be necessary or sufficient; in any event without prejudice
to this bank's distinct right to demand for any deficiency thereon.
Unknown said…
Hi. For now I'm using payroll account and I have still 100php balance. But when I check it in another day my balance will be deducted. I thought that payroll account don't have deductions??
Nora said…
Deductions can be made for withdrawals in another bank's ATM.
Are you separated from your company for several months now? Maybe the bank has detected you're no longer on payroll.
Unknown said…
No, I still working on the same company and about for withrawal.
I still dont withraw yet since the day where the deductions occur. So we might not conclude that it happened because of my withrawal. Besides my next payout will be tomorrow..
I know about the deductions its because I always check it through online banking.
Unknown said…
No, I still working on the same company and about for withrawal.
I still dont withraw yet since the day where the deductions occur. So we might not conclude that it happened because of my withrawal. Besides my next payout will be tomorrow..
I know about the deductions its because I always check it through online banking.
Anonymous said…
Hi! Can I still use my old payroll account in my new company, instead of opening a new one? It's been 2 months since I resigned from my previous company.
Anonymous said…
Hi, there is a 300php deduction on my account. do you know what is the maintaining balance for secbank payroll account? I resign last September 2020.Thank you
Nora said…
Hi, is it Security Bank? The maintaining balance for their atm savings account is 5k pesos. It's likely they detected your account no longer receives a pay deposit, so they converted your account into a regular savings account that requires a maintaining balance. If 5k is too big, and if you like, you can withdraw now all your money and open a digital account (no maintaining balance) like Komo of Eastwest or GSave of GCash (partner bank is CIMB)
Nora said…
Hi, when you opened this payroll account, did you go to the bank, fill up forms and got your atm card directly from the bank? Have you tried making a balance inquiry at your bank's ATM to make sure it's active? Does your company use the same bank? If yes, you can use it in your new company. But it's best that visit your bank and inform them about the change to make sure your account is still tagged as "payroll" and won't require a maintaining balance.
Anonymous said…
Yes it is security bank po. I think I will have to close my account (hopefully it's not too late and free of charge). I'm still unemployed and I don't have enough money to keep my sbank active. Thank you so much for your quick response! GodBless Ms. Nora and be safe po.
Unknown said…
Pwede ko parin po magamit yung atm ko sa dati kong company 3months na po akong wla sa company pero sinubukan ko atm ko active pa po sya.. eh my papasok po saking pera ngayon .. pwede ko po ba magamit yung atm ko yun last september ko pa yun nagamit di po ba yun mabblock?
Unknown said…
Bpi po yung atm ko pasagot naman sana po salamat po
Nora said…
Hi, kelan mo sinubukan yong atm mo? Today? Kung active pa siya up to now, malamang payroll pa rin ang status niya, kasi kung converted na yan into a regular account, dapat closed na ngayon kasi September pa walang maintaining. Dahil payroll pa rin ang status niya, at active naman, puede pa siyang tumanggap ng online transfer or deposit.
Nora said…
By the way, ang sagot ko ay based sa experiences ko sa no-maintaining Kaya account and no-maintaining-requirement savings account ko na opened dahil sa pag-time deposit at saka sa mga experiences ng nagco-comment dito sa mga blogs namin. To be sure, maganda pa rin ang magtanong sa BPI.
Unknown said…
Hi tanong lang sana. Ngyun palang di mapapasukan ng sahod yung metrobank paycard ko. Balak ko sana lagyan sya thru online transfer. Pano ko kaya malalaman kung blocked na ng company yung paycard ko? Natatakot kasi ako baka di ko makuha yung idedeposit ko. Thankyouu
Anonymous said…
Hi!

I have an old BPI atm which was issued from my previous company. I wasnt able to use it since it was the old card without a chip. It has been one year and I remembered that it has still money in it. I have a balance around 5k. Will that amount be deducted? I couldnt get in touch with the BPI customer service. I hope someone can answer my question. Thanks!
Unknown said…
Ganun din ako i have Bdo atm sa dati prev company ko separated nako september last year and yung maternity benefit ko dun papasok. Papasok kaya yun?
Nora said…
If your payroll accounts were accepted via the SSS Disbursement Account Enrollment Module, i-balance inquiry nio uli sa atm kung active pa. Hanggang hindi nadedetect ng BDO na wala na kayo sa company, okay naman to use your payroll account, pero baka merong restrictions yang payroll account nio, kaya mas mabuti siguro na pumunta na lang kayo sa BDO branch nio at ipa-convert nio into a regular account yang payroll accounts nio para sure na hindi ma-close at sure na tatanggap ng deposit via Pesonet. Pag regular account, it needs a 2k maintaining balance, pero sure ka naman na hindi mako-close, lalo na ngayon na matagal ang pagprocess nila ng benefits.
Nora said…
Hi, just go to your BPI branch with your IDs and request for atm card replacement. Puede pa yan.
Anonymous said…
Hi po. May deduction na 300 pesos na deduction na service charge yung BDO Payroll acct atm. Sabi ng manager namin walang maintaining balance yung payroll ATM card. Please reply po
Unknown said…
Hi po. May deduction na 300 pesos na deduction na service charge yung BDO Payroll acct atm. Sabi ng manager namin walang maintaining balance yung payroll ATM card. Please reply po
Unknown said…
Hi po. Kakaresign ko lng ng July 15. Pero Hindi nila inaccept resignation Until August. Last na may pumasok na pera ko End of month ng July. May papasok kasi na pera sa BPI ATM ko na yun. Makukuha ko parin ba yung pera? wlang deductions? Or automatic nilang iconvert un sa savings agad? At kukunin ung pera?
Nora said…
About BPI payroll account: Ikaw ba ang nag-open sa account mo with referral from your employer? If yes, based sa nababasa ko at experiences ko, papasok pa rin ang pera sa account mo. Palagay ko, payroll pa rin ang tag ng account mo, so wala pang deduction. Pag nakapasok na ang pera sa account mo, ikaw na lang ang puedeng kumuha. Penalty lang ang puedeng ibawas sa isang account. Kunin mo na lang asap ang pera mo, kasi merong time na iko-convert na nila ang account mo into a regular account na required na ang maintaining balance. Mag-open ka na lang ng digital account (GSave of CIMB and GCash, ING, Komo, Tonik, Diskartech)
Anonymous said…
Hi, I resigned last august and nawala yung atm ko the last time I asked my bank sabi nila pag nakuha kuna last na sahod ko automatically mag cloclose na yung account ko ang tanong ko po yung final pay ko kasi dadating pwede po parin bang sa old atm ko yun pumasok at eh over the counter ko nalang?
Nora said…
Hi Employee Who Resigned: Yes, you can try over the counter. Bring your IDs and payslip. Tell them it's your final pay.
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