Unauthorised overdraft due to former employer not paying up

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WORRIEDSICK

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Can anyone please advise me as to what to do, i am worried sick.

In the last three weeks I have been paid by my current employeer and due due to be paid on the same date by my old one, had an e-mail the day before the date we were due to get paid from old company stating this, I have now ended up overdrawn on my current account on which i do not have an overdraft and dont know what to do at this stage as our christmas salary is due to be paid in the next 2 weeks and this will be eaten up, can anyone give me any advice????
 
Re: unauthorised overdraft

Is the question about getting the money due or the overdraft?

Banks always run "unauthorised" overdrafts for people, especially if you have a good history with them. Call your branch and explain what has happened. They will however penalise you for each transaction while overdrawn (around a fiver) as well as charge interest on the balance in the red.
 
Re: unauthorised overdraft

I don't fully understand what the op means re. the salary situation, but as Stifster says contact the bank and get an overdraft sanctioned asap to eliminate referral fees and higher interest charges than those that apply to a regular overdraft facility. Also there is no guarantee the bank will keep paying items presented on you current account,with no funds/sanctioned overdraft facility, so get a formal agreement in place imo.
 
Re: unauthorised overdraft

I agree will all the above - talk to your bank immediately - if you can bring proof that wages are due to you and haven't been paid bring it along so that the bank have something for their files.
 
Re: unauthorised overdraft

If you are a new customer of this branch, they will not tolerate unauthorised overdrafts and will bounce items on you. They will be less strict if you have a good credit rating with them and have been with them for a while. Be careful of bounced items as you won't see them on your account - the only thing that shows up is the unpaid charge.

You could probably negotiate a temporary overdraft with your branch for a few days if it is really worrying you.
 
Re: unauthorised overdraft

Just, I have no overdrafts on my bank a/c but have overdrawn on occasions and charged for the priviledge. I would sooner have bank machine say insufficent funds than be charged €4.50 without being warned, very unfair!
 
Re: unauthorised overdraft

Talk to your bank asap about getting an authorised overdraft. Try not to use it, but next to a mortgage its the cheapest type of loan you will get.
 
Re: unauthorised overdraft

How do you get them not to pay? They always seem to pay items that can be bounced and bounce items that are essential.
 
Re: unauthorised overdraft

I called the bank this morning and explained the situation, they seemed pre-occcupied and seemed like they werent really listening, I also called my old employeers and she is now saying that they are waiting to figure out what percentage of my pension I am sure back before they will lodge the payment!!! She said it could be Janruary 25 pay!!! I asked her to call the bank and explain this to them, whether she will or not is a totally different ball game now!!!!
 
Re: unauthorised overdraft

Your situation with regard to salary payments by your current and/or previous employer is also not clear to me from your posts to date and whether your query/problem is with this or with the bank/overdraft or what. Can you clarify what the story is please?
 
Re: unauthorised overdraft

sorry, have started a new job in the last 6 weeks was paid on time from current employer but was also due to be paid by the last job in and around the same day as my salary went it. I therefore paid my mortgage and bills and now have ended up with an overdraft which i not approved by the bank...
 
Re: unauthorised overdraft

I don't understand - why are you having difficulties securing payment of wages outstanding from the old job/employer?
 
Re: unauthorised overdraft

they were due to pay the salary in last month but still have failed to do so, I have called them on serveral occasions and they are saying that they cannot pay the salary until they recieve something about my pension payments while I was with them. Thats the problem with the old employeer and because this monies has not be transfered inti my account I am now over drawn they are saying that it pay not be paid in until the Jan salary date of Jan 25th. In the meantime it means I am overdrawn and that my Christmas salary will now to eaten up by the Overdraft....
 
Re: unauthorised overdraft

WORRIEDSICK said:
I called the bank this morning and explained the situation, they seemed pre-occcupied and seemed like they werent really listening, I also called my old employeers and she is now saying that they are waiting to figure out what percentage of my pension I am sure back before they will lodge the payment!!! She said it could be Janruary 25 pay!!! I asked her to call the bank and explain this to them, whether she will or not is a totally different ball game now!!!!
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Did you ask your bank for a temporary overdraft? What did they say?
 
Re: unauthorised overdraft

WORRIEDSICK said:
they were due to pay the salary in last month but still have failed to do so, I have called them on serveral occasions and they are saying that they cannot pay the salary until they recieve something about my pension payments while I was with them.
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Thanks for the clarification. You need to get more specific details about why they cannot proceed now. On the face of things it seems unreasonable that they are not paying you your outstanding wages etc. in a timely manner.

Your main grip seems to be with the former employer as far as I can see. Perhaps you should get onto the DETE Employment Rights section to ask them for advice?
 
Re: unauthorised overdraft

Thanks very much, I spoke with the bank this morning sorrta felt like a school child who had been bold, she said she would see what she could do, I have just now e-mailed the Hr Divison at the old job and have cc'd the Accounts hopefully they will lodge it soon enough otheriwse I will have to get a loan to clear the overdraft
 
Re: unauthorised overdraft

WORRIEDSICK said:
I have just now e-mailed the Hr Divison at the old job and have cc'd the Accounts hopefully they will lodge it soon enough otheriwse I will have to get a loan to clear the overdraft
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Unless I am missing something here you should not have to take this hopeful approach but rather should be onto the former employer insisting on payment of all monies outstanding immediately.
 
Re: unauthorised overdraft

I have lost the plot with them on the phone and via e-mail they are not disputing that they owe me the money. It was a government job and they need to sort out something with th pension I dont even want the bloody pension, I just need them to lodge the money into the account
 
Re: unauthorised overdraft

WORRIEDSICK said:
I have lost the plot with them on the phone and via e-mail
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That is unlikely to help to be honest.
they are not disputing that they owe me the money. It was a government job and they need to sort out something with th pension
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But sort out what and why is this preventing them paying you outstanding wages?
I dont even want the bloody pension
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What exactly do you mean?
 
i mean they are saying the delay is that i cant just have what i have paid into a state pension back there are some strange calculations or percentages that have to come off before I get that back, I mean I would just prefer to get my salary and worry about what the owe me on the pension later
 
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