Thank you for your question. Although I am an attorney, I cannot represent you. However, I will give you the most thorough information. Unfortunately, reversing a direct deposit is very difficult for an employer. When an employer reverses a direct deposit this requires the employer to make a withdrawal from your account. As many times an employer would not have authorization to make this withdrawal, many employers are not set up to handle reversals. Have you asked your employer whether they are set up to reverse direct deposits?
yes, they state they are able to give me a live check today. and they will call the bank and if the account is in good standings, they will get the money bank.
i'm concerned that if I take the live check today, will they get the money back
if the bank does not give them the money back, then I will owe my employer money
This is great news. For your own protection, you may also want to contact your bank and ensure that your employer will be able to get the money back before you cash the new check today.
i spoke to my bank yesterday. and they state they can't reverse the process for me, but to talk to my employer
Did they mention why they could not reverse the process? Did they state that your employer can reverse the process? Or, can the process not be reversed at all?
when I spoke to them, they stated that they cannot reverse the process because my account was in negative balance before the payroll went in. They state I need to contact my employer; however, they did not state whether or not they are able to reverse the process with them
negative balance because of unauthorized charges
i have not used this old bank account for months. I had no notifications that charges were going through and overdrafting this account
and I do not have history with this old bank of having negative balance
Ok, if there is a negative balance then it is unlikely your employer will be able to reverse the deposit because a negative balance means that the bank no long has funds in your account from which to refund your employer.
I'm guessing the best way is to contact my old bank and dispute the charges
where do i go from here?
If you can dispute the charges that is a good way to go, it may bring your balance back to better standing to allow your employer to move forward. You may also want to let your employer know not to reverse the the direct deposit just yet. They may incur a fee for trying and/or face frustration in the process with the status of your account. You may consider letting them know that something is not right with your account right now and that you have to get it squared away before the reversal can occur.
okay. thank you very much for your time and help
Best of luck to you!
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