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So i got overpaid? - Click HERE for Original Thread

cparkq
Hmm, seems there was a problem with Payroll, i just talked to a co-employee, and he said they overpaid about 2x and they were going to deposit the correct amount and then take out the wrong amount. How does this process even work, i didnt know they could just take money out of my account like that?
Has this happened to anyone here?
Im just curious, what would happen if there for some reason was no money left in the account (LOL).

Anyways, im just curious how this all works.

ae1969
quote:
Originally posted by cparkq
Hmm, seems there was a problem with Payroll, i just talked to a co-employee, and he said they overpaid about 2x and they were going to deposit the correct amount and then take out the wrong amount. How does this process even work, i didnt know they could just take money out of my account like that?
Has this happened to anyone here?
Im just curious, what would happen if there for some reason was no money left in the account (LOL).

Anyways, im just curious how this all works.



They could/can/will EFT the money out.

If there is no money in there........then they are out of luck.

........and you are out of a job..

Casanova
As far as I understand they cannot withdraw from your account, either they take it from your future checks or they ask you to issue them a check

Adam
they can take it away....my wife is some sort of big shot banker??? She gets phone calls all the time to reverse and resubmit pay....that EFT thing, electronic something transfer.

CanuckDave
quote:
Originally posted by Adam
electronic something transfer.


Electronic funds transfer :p

Flex
quote:
Originally posted by Casanova
As far as I understand they cannot withdraw from your account, either they take it from your future checks or they ask you to issue them a check


I'm wondering about this to, I know if we have any mistakes on our cheques they dont just go in and take out the money. They nitify us about the issue and ask if its ok if they can take or add the corrected amount to our next cheque.

cparkq
they just took out the overpaid money and left me a letter in my mailbox. Wierd. haha




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