Ex-employer still paying me

licky_face

I've recently changed jobs, and as the title suggests when it came to the date of my old employers payday one month after my 'final' payday, I was surprised to receive an amount that appears to be about my normal wages into my account.

I've written them a letter asking them to explain this payment, whether it is a tax rebate of some kind (:)) or them screwing up and still paying me even though I don't work for them. I've said if it is an overpayment, please can they contact me to arrange paying the money back. It's been a since I've sent this letter and I've heard nothing, but I have a couple of worries:

1) The company are a bank, before leaving I was made to sign a letter saying if I was overpaid they could debit my account for any overpayments. Can they just do this without talking to me first? I've moved the money into a 'savings' (0.05% interest rate, so I'm not trying to make money out of this) account for convenience, as this amount sat in my current account was confusing my normal budgeting. If they just take the money I'll be seriously overdrawn.

2) Presumably they've taken tax, and student loan from the wages. Tax doesn't worry me too much but I was once overpaid (my own fault that time) which resulted in a large overpayment on my student loan. When that was resolved it was all worked out to how it should have been except I couldn't get the money back that went on my student loan, so I lost a few hundred pounds. If the bank have paid into my student loan, can they get the money back - I'm concerned they'll try to get the money back off me, rather than the SLC.

Thanks.

themull1

Why don't you just send them a cheque, they will be able to try and take the money without informing you because they told you in advance. you should have left the money where it was.

licky_face

themull1 wrote: »

Why don't you just send them a cheque, they will be able to try and take the money without informing you because they told you in advance. you should have left the money where it was.

They haven't told me anything in advance, surely they have to contact me, for example if they decide they need to take student loan back from me I've no idea how much it is, surely the amount of overpayment needs to be agreed.

I can easily move the money back where it was but I don't see why due to some companies stupidity I should have to double check my figures all the time when I'm budgeting because there's a large odd amount sat in my account.

I'm really tempted to just close the account so they can't do anything without my consent, the only reason I've not done that so far is that it is my main account and I'm not sure how it will affect my chances of getting a mortgage which I'm looking to do soon.

McKneff

Whatever happens and if it is money paid in by mistake they are legally entitled to have it paid back to them.

They dont have to talk to you before they take it because you gave them permission to take it.

Closing the account wont work either, they are banks, they know how to work things, Say you closed the account but
actually through an error somewhere it wasnt closed and you didnt realise it, they take the money, like you told them they could, and it goes overdrawn,
Dont you think this will be in the back of your mind and you will still be double checking your figures anyway.
Do you really want to take the chance that it may afffect you when you apply for a mortgage.

If you find out that you shouldnt have it, pay it back then its over and done with. Simple

licky_face

Hmm ok, fair enough, I've put the money in the main account again. Rang them just now and they tried to tell me to call a premium rate number of monday to speak to their payroll dept. So they can make money off the back of their incompetence. I'll ring one of their 0800 nums and make them put me through.

This kind of stupidity reminds me why I handed my notice in.

redcard

I'm sure you never made any mistakes on your watch

HAYLEY8005

Just a thought are you sure you never worked a month in hand could that explain another payment/?
Also if you have internet banking then you can put it into the saving one and move on day they take it just check banking everyday as normally you get till at least 3pm before charges are added to clear yourself again.