Anyone know about the banking here

[MathewA]

I'm not in a good mood... I just checked my account and have found that my pay from my employer hasn't gone into my bank account yet and I have absolutley nothing in it to last till turesday, and! the rent is due then also... Is it the employers fault that the payment didn't go through or the banks? I phoned him late thursday and asked if he had deposited my pay yet and he said his book keeper had. Normally, because I don't use the same back as him, it takes upto 24 hours (why asussie banks take so long is a mistery to me) to get to my account. But it's been 2 days. SO where is the problem... Is the bank the problem because it's a major holiday or did my employer feed me a line (bullshyte me)? I would like to know how things work here before I rip my boss a new ar$ehole for not paying me.

[RufflyRustic]

Public holidays can slow down the money processing in a big way especially if everyone, well, some of them slack off during the two days before a public holiday, so if the pay request went in Thursday, buckleys until Tuesday. If it went in Wednesday, it should have been in your account Thursday.

What time did the bookkeeper put the transaction through? Did this time happen to be after the bank's closing time for those sort of transactions to be processed for the next day?

Cheers
Wendy

[Ianab]

It's probably the public holiday / banks being slack thats caused the problem, but it's still your employers responsibility to get your pay to you on time :o
By all means take it up with your boss (in a reasonable manner). If you get hit with an overdraft / failed direct credit fee you might ask them to pay it. Maybe they need to do the payroll a day early when it co-incides with a public holiday.? You can bet the money came out of your employers account... it's just not got to yours yet :mad:

Dont loose your rag over it, but make sure the boss knows you had a problem.

Cheers

Ian

[Gumby]

It's probably the public holiday / banks being slack thats caused the problem, but it's still your employers responsibility to get your pay to you on time :o
By all means take it up with your boss (in a reasonable manner). If you get hit with an overdraft / failed direct credit fee you might ask them to pay it.

It's attitudes like that which make you employ less people.

[masoth]

Credit delays may also differ between banks. One bank I know of processes ALL of a particular day's transactions overnight, but none on Saturday and Sunday.

[bitingmidge]

It also depends on the type of transaction.

One bank we deal with doesn't process any transaction received after four pm (even online) until the next business day, EXCEPT if it's a Friday, when it's the second business day!!

That means, money processed after 4.00pm Thursday will have left our account, but not gone into the recipent's until WEDNESDAY next week!

Sorry Mat! :mad:

P

[craigb]

Like Midge says, it depends on when the transfer was done. If it was after COB for any of the major banks then it won't make it into that day's processing window.

It will have to wait 'till the next day. A long public holiday just complicates matters unfortunately.

Oz banks are great at withdrawing but not so great at depositing. They love to be able to park your money for a few days at the overnight cash rate.

You see, whinging about the banks is a national pastime. Perhaps you begin to see why. :rolleyes:

[AlexS]

You see, whinging about the banks is a national pastime. Perhaps you begin to see why. :rolleyes:
Could it be because Australian bankers are the sludge on the bottom of the gene pool?

They have a capacity for greed and mendacity unequalled this side of parliament house, and personally, I would not p!ss on a banker if he was burning in the fires of hell (an outcome which, if there is any justice, will come to pass).

Just my humble opinion, of course.:rolleyes:

[bsrlee]

These are all stunts U.S. banks used to pull 20 or so years ago - until enough people got steamed up about it & made political waves.

Strangely enough, most Australian banks now employ former U.S. bank senior managers at the top - is the picture becoming clearer? And how many Oz politicians are on the boards of Oz banks?

:mad: :mad: :mad:

[ptc]

Which bank ! took four weeks to send $25.000.
to India.
India thought it had not been sent.
created big problems for me.

[Driver]

A couple of points:-

- I agree with Alex. The behaviour of the major banks is a disgrace. They blatantly disregard the interests of their customers and are almost entirely focussed on profit to the exclusion of everything else.

- This will, without question, come to bite them where it hurts most. In the case of the banks, this is right in the bottom line. They have already lost their previous stranglehold on the housing loan market and the first signs of community support for small, community-based banks (Bendigo) are beginning to show.

- The behaviour of the banks – and especially their grasping, greedy delay process at public holiday times, is well known.

- So I don’t agree with Gumby. It’s a fundamental obligation in the employer / employee relationship- to pay your people on time. Because the banks’ delaying tactics are well known, employers should take account of them when making arrangements to process employees’ pay. A simple question to the bank about transaction closing times would sort this out. In the company I used to work for, we made arrangements with the banks to ensure that we met our obligations to our people.

Col

[BobR]

Mathew, as Ianab said, it is the employer's responsibility to ensure that your pay goes in on time. If required they must commence the process early to ensure employees are paid on the correct date. The book keeper may have sent the pay information to the bank - but too late for the Easter break. My pay is processed internally on Wednesday afternoon and is in my account Thursday morning using different banks.

[Sturdee]

It's probably the public holiday / banks being slack thats caused the problem, but it's still your employers responsibility to get your pay to you on time :o


A little not so well known fact about payment of wages.

Whilst it is the employer's responsibility to pay you on time, he legally fulfils his obligation by paying you, or lodging it with his bank for normal transmission to your account, on the normal day for payment, usually Thursday or Friday as per award or workplace agreement. Further if that day happens to fall on a banking holiday the day for payment is extended untill the next bank working day.

Thus if payment is usually made on a Friday then your pay can be lodged at his bank on next Tuesday or Wednesday if in Vic.

Further under the wonderful new industrial relations law that our little Johnie and freaky Kevin has foisted on us legally you could be instantly dismissed for complaining about it.:mad:

BTW I went to work a day early this week in my parttime job just so they could pay the employees on Wednesday rather than Friday.

Peter.

[johnc]

All I would add is that before you re-bore the boss it might pay to find out what has happened before you pin blame. As an employer we had the interesting experience (which bank) of a bank employee who decided that the password that had been used to transfer pays for the last three years was being used fraudulently and cancelled all direct debits. Didn't bother to tell us and as a result no one got paid. Thankfully one employee noticed about 3.00p.m. on a Friday and the next two hours were wasted fixing the bank password and getting pays to staff.

All I would say is that employers do strive to ensure staff are paid, and banks possibly deliver service while screwing us with fees. We are still waiting for a letter of apology from the bank, but ##### happens and there is no point getting fired up about it until you know the facts.

John

[Auld Bassoon]

In the company I used to work for, we made arrangements with the banks to ensure that we met our obligations to our people.

Col

Quite so Col!

The corporation that I currently work for, whilst it may be a 'mongrel' in many ways, has always been careful to ensure that its personnel are paid promptly and on time - or even a day earlier if public holidays and what not come into play.

When I've been directly responsible for paying staff their wages, I've always made it an unbreakable rule to pay staff on the due day; never later.

[MathewA]

All I would add is that before you re-bore the boss it might pay to find out what has happened before you pin blame. As an employer we had the interesting experience (which bank) of a bank employee who decided that the password that had been used to transfer pays for the last three years was being used fraudulently and cancelled all direct debits. Didn't bother to tell us and as a result no one got paid. Thankfully one employee noticed about 3.00p.m. on a Friday and the next two hours were wasted fixing the bank password and getting pays to staff.

All I would say is that employers do strive to ensure staff are paid, and banks possibly deliver service while screwing us with fees. We are still waiting for a letter of apology from the bank, but ##### happens and there is no point getting fired up about it until you know the facts.

John

I hear what you're saying but this employer has a checkered past that I found out about early this week. He tried to screw his employees out of their super. It was only found when an ex employee tried to transfer his super. One employee hadn't recieved any super in the two years he had worked there. He also has never given an employee a pay docket until I came along and said he has no choice. Easy way of concealing the fraud of not paying the super... So my first reaction is he's playing games. Needless to say if the pay isn't in the bank on tuesday night, after I talk with him tueday morning, I won't even phone him wednesday to tell him I quit.

[bitingmidge]

Easy way of concealing the fraud of not paying the super...
Sorry again Mat!

The easiest way of concealing not paying super is simply to not pay it! The pay slip is evidence for you that the employer allocated the money to be paid, but depending on a number of factors, he isn't due to pay until the end of the month/quarter or under some circumstances, end of the year (although I seem to recall that one has now gone by the by)!

Cheers,

P

[BobR]

Super must now be paid every three months. You can go to the ATO web site and get these dates. The next payment is due in about 10 days time, but check for the exact date.

[johnc]

Matthew,

I hear what you are saying as well and understand what you are getting at. The tax office takes a dim view of employers bludging on their super obligations. Even though pay slips are obligatory they do not guarantee that payments are being made, if you quit check the place your super is meant to be going and if it is not paid up to 31st March (it's due 28th April), check to see when last paid. If Decembers is not in I would definately go to the ATO and keep on the tax offices tail to make sure they are following it up. Non payment of PAYG and superannuation is an indicator of a business in financial stress. Unpaid wages are a different problem your best bet is contact first then the appropriate government department second.

Goodluck, John

[bitingmidge]

So Mat didya get paid??

Or are you between positions right now?

Cheers,

P (Hanging in suspense!)

[vsquizz]

Pay?......PAY!.....:eek:

Do you have to pay them????
(Squizzy the evil employer....who's employees often earn more than I do)

:D :D