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Ralphie
Joined: 24 Mar 2010
Location: Beijing, PRC
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 Posted: Thu Mar 22, 2012 8:40 pm Post subject: automatic withdrawal from bank account without permission? |
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I used to work for a public school and was paid exit allowance and severance on my last day through a direct deposit to my KEB account. Now, a week later, my former co-teacher calls to say that there is an insurance fee that I must pay.
Q1) Since the school has my banking info, can admin automatically withdraw from my bank account without my permission?
Q2) What is this insurance or tax on severance and exit allowance that she is talking about? |
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YTMND
Joined: 16 Jan 2012
Location: You're the man now dog!!
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| Posted: Thu Mar 22, 2012 9:07 pm Post subject: |
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1. Why did you give them your main bank account number? You should always transfer money out into your private account. - BANKING 101
2. My understanding is that you can post a bank account number, but people either need your passport and impersonate/look like you or they need to know your pin number for your bank card in order to withdraw.
3. Why would you post here first before asking your school how much they want?
It would make more sense to post, "My school wants me to pay them ___ won, is this too high for taxes and severance?"
| Quote: |
| What is this insurance or tax on severance and exit allowance that she is talking about? |
We can't know the exact amount, but it should be the same as any other deduction. You are unable to send them this amount? They want more?
Too many unknowns. |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Thu Mar 22, 2012 9:20 pm Post subject: Re: automatic withdrawal from bank account without permissio |
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| Ralphie wrote: |
I used to work for a public school and was paid exit allowance and severance on my last day through a direct deposit to my KEB account. Now, a week later, my former co-teacher calls to say that there is an insurance fee that I must pay.
Q1) Since the school has my banking info, can admin automatically withdraw from my bank account without my permission?
Q2) What is this insurance or tax on severance and exit allowance that she is talking about? |
Q1 No...not unless they have your PIN number OR you signed a form with them for automatic withdrawal.
Q2 Possibly just the tax on the severance and exit allowance...should likely be under 3%. We need more info on this though... |
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Ralphie
Joined: 24 Mar 2010
Location: Beijing, PRC
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| Posted: Thu Mar 22, 2012 9:49 pm Post subject: |
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| 1. Why did you give them your main bank account number? You should always transfer money out into your private account. - BANKING 101 |
Because my idiot co-teacher specified on my E2 visa application that the ARC expiration date to be the same as the last day of my contract. (I didn't know at the time that you could ask for extra days when you go to immi to apply for the ARC.) Thus, I wouldn't have had enough time to do the banking stuff right after they paid me. But this banking 101 advice is priceless, thanks!
| YTMND wrote: |
| 2. My understanding is that you can post a bank account number, but people either need your passport and impersonate/look like you or they need to know your pin number for your bank card in order to withdraw. |
Sounds very reassuring...
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| 3. Why would you post here first before asking your school how much they want? |
Because the bean counter at school couldn't figure this out and gave the info to my former co-teacher to inform me. Even on my last day, same bean counter couldn't figure out anything, so she deposited the full amount into my account.
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| We can't know the exact amount, but it should be the same as any other deduction. You are unable to send them this amount? They want more? Too many unknowns. |
I'd like to believe that I can get away with it and keep everything. School does not know my PIN and I did not authorize automatic withdrawals. The lunch fee was deducted from my salary before direct bank deposit. |
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YTMND
Joined: 16 Jan 2012
Location: You're the man now dog!!
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| Posted: Thu Mar 22, 2012 10:05 pm Post subject: |
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| The lunch fee was deducted from my salary before direct bank deposit. |
Red herring. You want us to look past taxes, but you don't want us to be unaware of lunch fees which would not be an issue regarding severance?
Yea, if you give you them full reign they might take that out as well.
Take your average monthly salary, add the lunch fees for a month, and then subtract that from your contracted salary. That should be the about they are asking for. Transfer it and be done. |
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Ralphie
Joined: 24 Mar 2010
Location: Beijing, PRC
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| Posted: Thu Mar 22, 2012 10:37 pm Post subject: |
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| No. On my last day, I paid the lunch fee in cash. Exit allowance and severance were deposited into my acct. without any deductions. Just checked my bank acct. now, nothing has been taken out....yet. |
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YTMND
Joined: 16 Jan 2012
Location: You're the man now dog!!
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| Posted: Thu Mar 22, 2012 11:07 pm Post subject: |
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| Ralphie wrote: |
| No. On my last day, I paid the lunch fee in cash. Exit allowance and severance were deposited into my acct. without any deductions. Just checked my bank acct. now, nothing has been taken out....yet. |
No, what I meant was, if you were supposed to pay taxes on it, you could just figure the amount out and then pay it. Then, you wouldn't have to worry about it.
In situations like this, I think if the school treated you fairly, paid you on time, and gave you more than you were owed, you ought to find out how much they are seeking. If it is an outrageous amount, then that is a different story. |
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some waygug-in
Joined: 25 Jan 2003
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| Posted: Fri Mar 23, 2012 5:35 am Post subject: |
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If I understand correctly, your ex- KT wants you to give access to your bank account so they can correct the mistake they made when they paid you.
If their "bean counter" was too lazy to count the beans before they paid you,
that's their problem.
In no way should you give out your bank information.
And I doubt the KT would be asking you anything if they were able to do it already, they would just do it.
Ask them how much you owe and ask for an account number so you can transfer the funds to that account.
It may cost you a bit (transfer fees etc.) but it's better than letting them have free reign over your bank account. |
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12ax7
Joined: 07 Nov 2009
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| Posted: Fri Mar 23, 2012 9:13 pm Post subject: |
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How much money are you talking about?
Just ask how much it is and pay them. Don't mean to sound flippant, but please don't be one of those guys who makes us all look bad for a measly 30 000 won. |
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Troglodyte
Joined: 06 Dec 2009
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| Posted: Sat Mar 24, 2012 5:17 am Post subject: |
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| some waygug-in wrote: |
It may cost you a bit (transfer fees etc.) but it's better than letting them have free reign over your bank account. |
It shouldn't cost him anything. If they say that he owes them 30,000 Won, then he can go to a bank where he how lives, ask for the exchange rate on 30,000 Won, and just transfer it. With bank transfers you can specify that the receiver pays the transfer fees. The school made the error. If they want him to transfer the money, they can cover the costs of it.
Let's face it. The OP has left Korea and the school couldn't force him to pay if he didn't want to. What's more important is that even if he was IN Korea he wouldn't have to pay because the school gave him that money. It's not illegal in Korea to keep money that people accidentally give you. If this guy is actually willing to do the honest thing and pay the school the extra Won that he received, then he's got no moral (or legal) obligation to pay for the transfer fees.
To the OP, you should note that if your boss was with you when you opened the bank account, it's possible that his or her name is also on the account. (It wouldn't be the first time an employer tried that.) If you suspect that, open another one and transfer and close the original account. |
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cincynate
Joined: 07 Jul 2009
Location: Jeju-do, South Korea
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| Posted: Sun Mar 25, 2012 8:47 pm Post subject: |
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| If the money is in your KEB account, then you can easily transfer the money through the Internet to your school. They made a mistake and are asking you to help them correct it. Everyone makes mistakes, come on. If you transfer through the internet, then the fee to transfer is 500 won. The cravet is if you aren't in Korea and haven't set up internet banking yet, you can't.. you have to do it in person. If you have internet banking, just ask them what you owe and send it to them and be done with it. |
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