Default notice from the bank

You already asked this question on another thread and you were answered. 

Now, instead of following the advice given, you waited too long and the bank is sending default notices.  This will make it difficult to negotiate any settlement with them.   As far as they are concerned, you are already in default and they will now be looking to recover the loan in full.

I suggest that instead of posting the same question again and again on the forums; you follow up with the bank directly and try to negotiate a settlement.

Previous response below:

@Jedrey, as per process, they will deduct it from ESB.  Because when you got a loan, your company gave them an undertaking to transfer ESB to your bank account and mark it as such in the transfer.  They will do it automatically and you have no "right", as you call it, to change anything.

However, you can discuss / make a request with your bank and they may allow it based on your relationship or history with them.