When your paycheck doesn’t hit your bank account on payday, it can be scary and confusing. Although situations like this may seem rare, there are a number of reasons for paycheck delays such as:
- Timesheet entry mistakes
- Direct deposit / account updates, or
- Timesheets not approved in time.
I’ve lived through the fear of what to do when your paycheck does not clear your bank account. Here is my story.
Find Out What Happened to Your Paycheck
I woke up every-other Friday with extra joy in my heart. The sun seemed to shine brighter and the roses seemed to smell better on payday. But as I checked my bank account one fateful Friday, my giddy heart sank deep in my chest. I didn’t see my paycheck.
I knew the company I worked for at the time was having financial troubles, but I never pictured it to be this bad. My first thought after seeing $0 deposited was, “The company went bankrupt!” As I finished the rest of my morning routine, I started to panic.
- Is my employer going to pay up?
- What about the bills coming out of my account today?
- What am I going to do?
I thought about storming to the accounting department and demanding my money. But I quickly decided to follow two good rules for what to do when your paycheck doesn’t clear.
Ask Your Boss
I walked into my boss’s office ready to demand answers. I didn’t want to be mad at him, but my money was missing.The look on my face must have said everything;my boss put on his best? What can I do for you? voice. I informed him that I did not get paid today. He replied, “I know. No one did.” He went on to explain that the entire accounting department is working on the solution.He didn’t get paid today either.
As the day went on, my boss discovered more information from payroll. He explained that the accounting department switched to a new payroll system and there was a problem during data entry that caused all the paychecks to miss the deposit. To fix the entry error, the accounting department had to complete individual wire transfers to each employee. It would be all-day task, with no lunch breaks. By the end the day, I had my paycheck.
When a Company Refuses to Pay
Everyone experiences fear and shock when they find out their paycheck was not deposited on pay day. If your paycheck is missing, talk to your boss to find out the problem. If a company is refusing to pay you for your time, know your rights. There are a number of wage laws that keep employers from abusing your time and not offering you fair pay. If you don’t feel comfortable confronting your employer, hire a lawyer or reach out to your local Department of Labor to file a complaint for free. If you’re still struggling with what to do in a situation like this, find some you trust to help.