Why is my direct deposit suddenly not working?
May 12, 2007 7:52 AM Subscribe
Suddenly, my normally working direct deposit isn't working, I didn't realize it and now I've wracked up many overdraft charges. How can I fix this?
posted by The Behatted Wild Man of Greenfield to Work & Money (13 answers total)
My paycheck is set up to be electronically deposited into two accounts, at two different banks. The split is about 90/10, one bank for bills, the other for spending money. The money is usually deposited early Friday morning, and available for use. I get a printed stub from work saying XX amount has been deposited, delivered in a sealed envelope, like a paycheck.
This has been working fine for three months, until yesterday. Only one bank account had money deposited. For the remainder, I was issued a check.
Naturally, it was busy at work, and I just assumed money had been deposited to both and of course used my debit card on the one that hadn't been directly deposited. Today, I actually check my account and see that I've been hit with 3 overdraft charges for spending money that wasn't there. Had the money been deposited as usual, those charges would not be there. I open up the envelope and see that it's an actual check, not a deposit notice (though it does note one deposit did go through). There is also an important notice that says "Your bank was notiied of your request for direct deposit. It will begin after account verification." WTF? I requested no such thing recently and this direct deposit has been working just fine for
What's going on? How could this have happend? Is this the bank's fault or my work's fault? How do I go about getting these charges off and my money returned?