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@
 
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
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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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peige said:
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 ?
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I think I should have perhaps, in that single account, been better prepared for troubled times. However, it's very much the mistake of the company who are contractually and legally obliged to pay my wages on x date. So i think it's entirely fair that I'm not expected to pay a bank charge resulting from them not doing this. If i were to "breach contract" I'm sure I wouldn't have any issue dealing with the consequence and I'm sure they wouldn't hesitate in exercising their rights either.

To bring it into perspective I'm not whistle blowing, suing or dragging the company name in to disrepute. I'm asking them to, potentially, cover a £30~ bank charge resulting from their error. Why would i be asking for £300? Don't be so sensationalist.

lttlejoe said:
I would suspect that he's not legally ( if morally) responsible for any losses you might have incurred.
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He is actually, as long as i have a contract which states what day i will receive my wages, which i do.

All's well which ends well anyway, the bank are not issuing any charges as the overdraft agreement level was settled quickly enough. Charges are only levied if the balance remains in the bad place overnight (hsbc) apparently; which is a useful thing to know.

Thanks for all your help and thanks to each one of you who didn't help but instead pointed out repeatedly how bad i am at money management :p

B@
 
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lttlejoe said:
Good news all round then! But, if you don't wish to keep sufficient in that account to cover them, then I'd still get those outgoing payments moved back to a later date, just to ensure the same doesn't happen again!
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as i said earlier, the direct debits are. it was a purchase payment which went out.

B@
 
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