I am wondering about something here. Suppose you have a setup where your employer has your Routing and ABA number to do a direct deposit for your paycheck. What if that employer gets pissed off and decides he/she wants to take some money out of your account, obviously w/o consulting you first. What would happen? How difficult would it be to get my money back?
It's obviously illegal as fucking if they do take it out. It might be as hard as taking the boss to court and sue his balls to the wall. You could also get a criminal charge filed, but that really doesn't get you paid. I know credit card companies protect unauthorized transactions over a certain amount ($50?). Banks also have this protection, but it's not as good, the amount is usually much higher($500?). But they might claim some bullshit technicality as a lot of large banks like to do.
I don't give out ba #'s. Theoretically, they could rob you blind, but there'd have to be a legitamate charge to the account for the bank to not honor a fraud claim. In otherwords, relax, your bqank isn't going to honor an unsinged blank check.
they can legally withdraw funds they deposited to your account if say you were paid for time you didn't actually work. other than that, they can't touch it
I don't know about the US, In Canada no one(other then the bank themselfs and the Gov.)) can access you're account without you authorizing it. atleast in terms of a withdrawl, anyone can put money in. Even if an employeer put money in in error they can't just pull it out, they need to launch an investigation with the bank to get it back. They pay for this and would only do it on a large scale mistake IE paid everyone incorrect amounts or something like that. if they paid one individual to much they would just withhold some of his pay on the next check.
This. In the states if they deposit too much into your bank account they can withdraw and redeposit the correct amount. If you spend they money they deposited you're liable to pay your employer back.
you'd could go to court over it, but they can legally pull out as much as they feel like. My family's company pulls money out occasionally whenever (ex)employees borrow money from the company and their final paycheck doesn't cover the loan. Why in the hell they loan in the first place, I don't know...
Tex is wrong. They can't pull out however much they want legally. If there's a loan issued and you waive your rights to your bank account, sure, but outside of unusual circumstances they can't.
sorry it took so long for me to reply in my own damn post....fucking worked late tonight >| . Suppose I put my 2 weeks in @ my job and told my bank to disallow all further transactions from the employer? Could the bank block the employer from taking money out?
you can block it. signing the thing gives them full ACH rights, both ways. however, you can later on tell your bank to block them er shit, I could be wrong now, I'm not positive, but it used to be possible
