Direct Deposit Payroll - BEWARE!!!!!! [View All]

[Freedom_from_Chains]

For those who have their paycheck direct deposited you might want to be aware of a provision in the ACH (Automated Clearing House) rules. I'm not exactly sure as to when these were enacted, as I have not fully researched them yet, but I am sure it has been since the corporate fascist's have come to power. It is part of the 21st Century Check Act that is now in place.

Anyway, my wife recently had a dispute with her company over her last paycheck which had been deposited into our checking account. I don't want to go into great detail about it because it has turned into a big mess that is now being handled by the attorneys. However, in short the company claimed that she owed them money for a past paycheck, which they claimed she was not entitled to. She disagreed with the company so that night, without any warning they did what is called a reversal of her paycheck and simply took all of the funds back out leaving us with a negative $990.00 balance in the account.

When I looked into it, under the ACH rules a company has up to 60 days from the time they put a paycheck into your account to do a reversal and take it out. I was able to force them to put the money back by having my attorney contact them, but since then the situation has seriously deteriorated and looks like it is headed for litigation.

So in short, if you have your paycheck direct deposited you might want to rethink that method, particularly if you are not always on the best of terms with your company, and go back to the old paper check each pay-period