employer paid me late, now £200~ over my overdraft limit

B@Th*nG

B@Th*nG

B@Th*nG

Soldato
Joined
18 Oct 2002
Posts
6,845
Hi guys,

I came into the office this morning to this email:

"Payroll will be processed into your account on the 31st March, rather the 30th March.

Apologies, as my error as I was late approving the payroll on the 28th March."

I'm not very happy about it for a couple of reasons. Because there are no funds in the bank and i had payments coming out its put me £200~ over my overdraft limit. I've paid money into the current account from another one which has put me back under my overdraft limit, but if he'd let us know yesterday when he realized he was late i could have transferred the money then and avoided any possible charges.

I have yet to check with the bank to see if they're going to charge but in the event they are going to do i have any options to claim the money back from the company?

B@
 
If you have a contract stating the date each month you'll get paid then your company is in breach of that contract and has opened themselves up to being sued.

Chances are though that you could probably take your bank statement in with the charges on and they'll cough up.
 
Cuchulain said:
If you have a contract stating the date each month you'll get paid then your company is in breach of that contract and has opened themselves up to being sued.

Chances are though that you could probably take your bank statement in with the charges on and they'll cough up.
Click to expand...

This. We cover bank charges when it's our **** up but only on receipt of proof.
 
B@Th*nG said:
sweet :) many thanks for your help!

B@
Click to expand...

You should probably change all your direct debit dates, by the way, for this exact reason - it's always good to have a week~ leeway.

I get paid on the last day of the month and most of my DD's come out between the 3rd-6th.
 
Cuchulain said:
If you have a contract stating the date each month you'll get paid then your company is in breach of that contract and has opened themselves up to being sued.

Chances are though that you could probably take your bank statement in with the charges on and they'll cough up.
Click to expand...

You certainly don't have to sue them. Just provide a bank statement, and they'll pay all charges.

I made this mistake a year ago, a simple case of entering 1 wrong day, and I paid 170 staff late.

Cost the business a fair amount!
 
whilst it is your employers responsibility to pay you on time, it is your responsibility to manage your finances so that if an emergency was to happen you would have enough in the bank to cover it.
 
1. Your company may offer to pay charges, or the bank may offer to rescind them (show them the email).
2. You really should change all your payment dates to be a bit further away from your payment date.
3. You really shouldn't be living at zero (<=0) by the end of each month! :p
 
rotters said:
whilst it is your employers responsibility to pay you on time, it is your responsibility to manage your finances so that if an emergency was to happen you would have enough in the bank to cover it.
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as i said, i just transferred the money from another account, i've enough to "cover it", there just wasn't in that account. It doesn't mean i should pay the charges for their mistake.

meghatronic said:
1. Your company may offer to pay charges, or the bank may offer to rescind them (show them the email).
2. You really should change all your payment dates to be a bit further away from your payment date.
3. You really shouldn't be living at zero (<=0) by the end of each month! :p
Click to expand...

2. they are, it was a purchase payment.

1. Hopefully they will just rescind them, i'll find out at lunch!

B@
 
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Likewise, don't purchase anything big just before you actually get paid. Unless however you are perfectly in the black enough to do so.

Not having a go, but it's just a lesson we all have to learn in life - don't rely on anyone.
 
Has the payment come out already? If not, phone your bank this very instant. Your bank will not help you after the payment has gone out, but they may be willing to extend your overdraft limit to cover it if you contact them before the payment goes out.
 
I would still ring the bank mind you, this happened us last year (though it was more to do with our paydates falling after the date our DD's come out of the bank this particular month) and the bank refunded the charges when we explained the situation. (Northern Bank in N.I.)

Nearly happened this month, but luckily I caught on and transferred some funds to the current account to cover the DD's until I got paid.
 
Do you think its fair you get the charges paid back due to your bad cash management yet the ones who it didn't affect get nothing for managing their money well?

Thats the corner I end up in when we've had the odd error over the years, for example, when should the company draw the line in re-embersing your loss, £100, £200, £300 ?
More often than not thought, the banks will take the charges off if you explain the situation.
 
You'll find your bank will probably waive the charges. I know Santander have a policy where they'll waive 1 charge every 6 months or so, or they did last time I needed a charge reversing anyway.
 
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