Intuit Payroll Problems

And the website looks quite amateurish...

Reply to
Just Cocky
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In truth I've know about this for years. That is why I keeps my money uner the matress.

Reply to
Allan Martin

Lisa, thank you for sharing your note and actually understanding what my fellow employees (and employer) have gone through this week. Obviously Allan just likes to throw words around and start controversy. There's only one thing I'll add to your insightful and well written comment...

That is absolutely true, but it is worse than that. You never actually GIVE permission. You sign something with the company that you want to do an ACH transaction (either withdrawal or deposit) on your accont that gives them something to fall back on should you legally challenge their actions against you. They don't NEED your permission to actually withdraw funds. "Permission" implies that it can be revoked but that doesn't apply here (or even implies that it is necessary, which doesn't apply here either). From what I gather, if I notify the business to halt the ACH transactions they are "legally" given 14 days to do so but still, no bank can stop them at ANY point in time. It's only a legal avenue for you should you have to file a grievance upon that company. Some protection there! Like I have time to file suit against a company

2000 miles away!

I have been reading around the web and there are addendums under discussion with the Federal Reserve that might change this to a small degree due to a rising backlash from consumers. (I am not a lawyer and really don't know the ramifications.) Obviously you and I are not the only ones stung by this and I am surprised more crooks don't take advantage of unauthorized transfers on accounts. I found out today that my bank used to publish the bank routing number on their web site. Heck, you'd only need someone's bank account number at that point... sure wouldn't be hard to make one up.

What can be learned from this? (1) Only keep enough money in your checking account to cover your immediate transactions. (2) Do NOT use automatic withdrawals with any company (and, even direct deposit is suspect, believe me) unless there is an overwhelming need to do so. (3) Do NOT have overdraft protection tied to accounts with large sums of money or credit.

If you are not following these rules, then identity theft would be a picnic to the problems you'll have if someone gets your account number and starts draining the assets. And yes, Allan, there are legal actions you can take as there is in any fraud case. I just hope you can find a lawyer that will work pro bono since you won't have any money to pay him or her. In 6 months, you'll probably have most of your money back.

Reply to
CB

It only seems obvious.

Reply to
GWB

Obviously you can't read. No one, including myself ever said that the insident did not cause a great incovience to all involved. All that was said is that when the dust clears none of the employees or employer will be out the money.

Take out a check and look at the bottom. What do you see? Surprise! How creditable is anything you say when you are not even aware of the simple fact that every check has your account number and the banks routing number.

Every one I have ever sent a check to has my account number and the bank's routing number.

And yes, Allan, there are legal

So go back to issuing payroll checks and stop your blubbering.

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Reply to
Allan Martin

Bullshit.

They'll be out. They will be out the fees their bank charged them for bouncing the checks they no longer had money in their account for. They will be out for the interest that money could have earned. They will be out for the rest of their lives for the higher interest rates their credit card companies will charge because they defaulted and didn't make the minimum payment when their check bounced. They will be out for the seven to ten years those missed payments will sit on their credit reports. And if time is money, who the heck is going to pay for the lost time spent dealing with this? Never mind the high blood pressure all this stress is giving them. They'll be out and Allan is an abusive usenet poster who is full of bullshit and doesn't understand how business or banking is done.

Reply to
Golden California Girls

You forgot to mention that the stress caused several to jump off a tall building.

Reply to
Allan Martin

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