ahhhhh

Blueyeddramatix

So apparently my work had a "payroll glitch" and now my paycheck wont be in my account until tomorrow. That would be awesome if I didn't have bills coming out this week. So now my account is overdrawn, and my savings account has a hold on it to protect from the over drafts... I am just furious. I just hope to death I will not be charged some bull over draft fee. UGH!!!! (cant wait until everything is done pending).

starree444

Livejournal?

AmethystMSU

In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/wedding-boards_chit-chat_ahhhhh-1?plckFindPostKey=Cat:Wedding BoardsForum:14Discussion:709006e4-3ba2-473b-a9f2-8cde96c414edPost:0a28a661-f010-4a69-91b2-9bd6e609a8bc">ahhhhh</a>:
[QUOTE]So apparently my work had a "payroll glitch" and now my paycheck wont be in my account until tomorrow. That would be awesome if I didn't have bills coming out this week. So now my account is overdrawn, and my savings account has a hold on it to protect from the over drafts... I am just furious. I just hope to death I will not be charged some bull over draft fee. UGH!!!! (cant wait until everything is done pending).
Posted by Blueyeddramatix[/QUOTE]
Sorry to hear, that is frustrating. I'd recommend calling your bank and letting them know about the situation. Ask if they can let the overdraft slide just this once due to the payroll glitch, which was out of your control. Offer to provide proof to them in the form of a letter from your employer explaining the situation, if that would help.

Good luck!

Blueyeddramatix

As far as my bills go I have to get the money to spend the money, most of my money goes straight into savings. I usually don't keep a very high balance in my checking because that's the way I do it, however I always have enough in my savings to cover my bills x 2. SO when my pay did not go in, and my bills came out I guess there is some pending "hold" on my savings to protect me from over drafts... its just a hot mess.

Blueyeddramatix

In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/wedding-boards_chit-chat_ahhhhh-1?plckFindPostKey=Cat:Wedding%20BoardsForum:14Discussion:709006e4-3ba2-473b-a9f2-8cde96c414edPost:819cde89-b7f5-438b-896c-656851df64d6">Re: ahhhhh</a>:
[QUOTE]In Response to ahhhhh : Sorry to hear, that is frustrating. I'd recommend calling your bank and letting them know about the situation. Ask if they can let the overdraft slide just this once due to the payroll glitch, which was out of your control. Offer to provide proof to them in the form of a letter from your employer explaining the situation, if that would help. Good luck!
Posted by AmethystMSU[/QUOTE]
Thank you, that's an excellent idea. I want to wait until everything is done pending. Maybe, just maybe they wont, because I caught it early.

Blueyeddramatix

In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/wedding-boards_chit-chat_ahhhhh-1?plckFindPostKey=Cat:Wedding%20BoardsForum:14Discussion:709006e4-3ba2-473b-a9f2-8cde96c414edPost:4ddc0fee-c62c-4842-97f3-8e46383dfdd0">Re: ahhhhh</a>:
[QUOTE]In Response to Re: ahhhhh : That's not a bad way to save money, but maybe from now on keep enough money in your checking account to cover whatever checks you wrote.
Posted by edielaura[/QUOTE]
I have automatic bill pay that comes out the same day my paycheck goes in, Its worked fine for years. SO that would cover my bills.

RamonaFlowers

We pay all of our bills through our online banking, and there was a time where I accidentally paid the electric bill out of my personal account instead of our bill account, and it threw my account into the negative and of course I was slammed with fees. I called them up and explained exactly what happened and since it was clearly a simple mistake and I've never overdrawn my account before they didn't bat at eye at reversing the fees for me.

As long as this is a freak thing, and you aren't typically a "problem" account for your bank, they should be pretty understanding.

ElleB87

In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/wedding-boards_chit-chat_ahhhhh-1?plckFindPostKey=Cat:Wedding BoardsForum:14Discussion:709006e4-3ba2-473b-a9f2-8cde96c414edPost:4aa96050-ddcc-4841-b4b0-bee949423d62">Re: ahhhhh</a>:
[QUOTE]indeed on all  accounts. Reconsidering having same day payments.
Posted by Blueyeddramatix[/QUOTE]

Yeah, I've always set my automatic payments for a few days after I get paid because I'm paranoid about this happening and I also make sure I have more than I need in my chequing account.  I'd call your bank asap to make sure they understand the situation because unless you tell them it was a payroll glitch they will assume you were being careless.

Blueyeddramatix

indeed on all  accounts. Reconsidering having same day payments.

Queen Jane

I ditto the idea of changing your payment dates. I know that around the holidays our payroll days get a little screwy because of days off and such and I always ask admin to make sure I'll have my check in time to cover the bills.

Grits8812

Yuck!  That's no fun.  I would call the bank before they close, or maybe go up there and explain in person what happened, and that it was a company mistake that you didn't know about.  Hopefully they are understanding of that and won't charge you.  I know my bank has a $30 overdraft fee (which is ridiculous)

HuckSC

This exact reason is why I have my automatic transfers for the Wednesday after I get paid on Friday (every other Friday). Accounting at my company sent everything to the bank but the bank just messed up and didn't post it on the correct day very soon after I started. Thankfully I had a plenty of cushion in my account cause I'm just like that.

LizziebeeUT

I work at a large bank, and we're usually willing to work with people on that kind of thing. It mostly depends on your relationship with the bank, and past history. It also has a lot to do with how you handle yourself. If you go in defensive and angry, than they're less likely to work with you, if you calmly explain the situation and show them that you will be able to cover the charges, I can't imagine them being uncooperative.

brandichamberlain

In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/wedding-boards_chit-chat_ahhhhh-1?plckFindPostKey=Cat:Wedding BoardsForum:14Discussion:709006e4-3ba2-473b-a9f2-8cde96c414edPost:599ac55a-11fc-420b-943c-34bd4682e2d9">Re: ahhhhh</a>:
[QUOTE]I work at a large bank, and we're usually willing to work with people on that kind of thing. It mostly depends on your relationship with the bank, and past history. It also has a lot to do with how you handle yourself. If you go in defensive and angry, than they're less likely to work with you, if you calmly explain the situation and show them that you will be able to cover the charges, I can't imagine them being uncooperative.
Posted by LizziebeeUT[/QUOTE]


This. I also work for a large bank, and I will say that I have never heard of them "holding" an account to protect for overdrafts. I'm actually almost 100% sure that is not legal. They can't hold money unless there is a court order associated with it. Something isn't right there.