Heres more: brand new facility but not company. Another branch was submitting payroll until we were set-up. Last week was our first week to submit. The other branch submitted too...only for salaried employees. So, payroll calls me and says did ya hear? No Direct deposit today due to error and double submission. You'll get paper check tomorrow. Double deposit was already credited to my acct plus paper check given to me the next day. Paid three times. As of yet..money remains in my acct. However,some has been spent. it has been seven days since the deposit. my ? is 1: Can my employer withdraw that $ from my acct and therefore be told there are insuff. funds? 2:Is there a time limit for them to recognize that the $ actually went out? Im not sure they even knew it was actually deposited. They way they spoke, they thought they stopped it. I sure as He%# wasnt gonna tell them that they paid me triple. What happens now?|||Having worked in banks most of my life and having held high level positions - they can reverse the deposits whenever they realize it. No time limits. And, you can be accessed over-draft fees. Why? Because you as the account owner should be balancing your accounts and if you were, you would know that you had more money than you should have.
In short words - the bank would say you knew better.
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