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School has blocked my bank account
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denistron



Joined: 21 Oct 2006
Location: Busan

PostPosted: Mon Apr 02, 2007 9:31 pm    Post subject: School has blocked my bank account Reply with quote

I finished my last day at my public school last week. I come back from Thailand to find that part of my bank account has been blocked. My old school has said "We over paid you by accident, so we have blocked that money that we have over paid." At first I thought they had managed to block everything, and you can imagine how pissed I was. But anyway, they made a mistake and overpaid me. And the bank blocked that m oney until I return it (I have no idea is that is even legal in the first place). They want the money back. This is a royal screw up in my opinion. Who could give me advice on what to do. I don't mind giving it back. But in a legal sense, isn't that money now mine?
It's not the first time they have screwed me around with money, so I think I need to report them. Who should I call?

-Denis
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kprrok



Joined: 06 Apr 2004
Location: KC

PostPosted: Mon Apr 02, 2007 9:34 pm    Post subject: Reply with quote

How much did they overpay you? Do they have proof? Update your bank book and see how much they paid. If it's right, tell them to sod off and show your bank you contract and your bank book with your previous deposits, and they might release it. If they did in fact overpay you, just send the money back. It's not yours so you shouldn't keep it.

If there is no mistake and the bank won't let you get your money, I'd probably call Labor and ask them. I think it's 1350.

KPRROK
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Ekuboko



Joined: 22 Dec 2004
Location: ex-Gyeonggi

PostPosted: Mon Apr 02, 2007 9:48 pm    Post subject: Reply with quote

That's kind of weird.

If your school did accidentally pay you too much, then they could have easily reversed the transaction and taken the money back.

I've had this happen to me before (in my case, my employer was a Board of Education or public school) - but for small amounts, not a month's pay.
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cbclark4



Joined: 20 Aug 2006
Location: Masan

PostPosted: Mon Apr 02, 2007 9:55 pm    Post subject: Reply with quote

Where is the money held Macau's Banco Delta Asia?

cbc
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ilovebdt



Joined: 03 Jun 2005
Location: Nr Seoul

PostPosted: Mon Apr 02, 2007 10:25 pm    Post subject: Reply with quote

If the account is in your name then they shouldn't be able to do anything to your account?

ilovebdt
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laogaiguk



Joined: 06 Dec 2005
Location: somewhere in Korea

PostPosted: Mon Apr 02, 2007 10:42 pm    Post subject: Reply with quote

1) If you find money that isn't yours in your bank account, know it isn't yours and yet still spend it, you are a thief in the eyes of the law back home. IT IS NOT YOUR MONEY, if they really did overpay you. Check it out and pay them back if it is their money.

2) No one can just take money from someone's bank account without proper authorization. If they made the mistake, no, they can't take it back without you giving them authorization or just giving it back.

3) THis one I am not sure of, but I am pretty sure the freeze is illegal without them having gone to the authorities first, the bank shouldn't be able to do that just at the call of the employer and someone shoudl be fired for that (ofcourse no one will, they are just watching out for their fellow Koreans) Rolling Eyes
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mindmetoo



Joined: 02 Feb 2004

PostPosted: Mon Apr 02, 2007 10:47 pm    Post subject: Reply with quote

Lao makes good points. As far as the bank account freeze, lots of schools do a lot of business with their local branch. If it's the same branch as yours, the branch manager may be happy to bend and break whatever rule he sees fit for a big customer. Especially if the school explains a dirty foreigner might just walk off with the money of an honest Korean businessman. "Pleasure to help."

Some people recommend you don't bank at your school's bank for that reason.
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ChuckECheese



Joined: 20 Jul 2006

PostPosted: Mon Apr 02, 2007 11:30 pm    Post subject: Reply with quote

mindmetoo wrote:

Some people recommend you don't bank at your school's bank for that reason.


Exactly, I have a second K-bank account which I use to do all transactions.

After I get paid in my first bank account that school is aware of, I would withdraw everything in cash from it and deposit the cash into my second account. Do not leave any electronic traces by transfering money electronically from bank #1 to bank #2. Make the transfer in cash.
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CasperTheFriendlyGhost



Joined: 28 Feb 2007

PostPosted: Tue Apr 03, 2007 3:07 am    Post subject: Reply with quote

Dude, that's not your money.
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Cheonmunka



Joined: 04 Jun 2004

PostPosted: Tue Apr 03, 2007 3:09 am    Post subject: Reply with quote

Quote:
electronic traces by transfering money electronically from bank #1 to bank #2.

I forgot that transactions used to require a trace, that meant people seeking the deposit info by hand in a storeroom, now only need to key in a computer to find all the details about a receiving account. So fast and not secured at all. When I worked in the bank we needed personal guard clearance to enter that stockroom.
Reminded me of that one.
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denistron



Joined: 21 Oct 2006
Location: Busan

PostPosted: Tue Apr 03, 2007 3:11 am    Post subject: Reply with quote

Thanks everyone. I don't want to keep it is it wasn't given to me. At first it looked like an added bonus (which they talked about giving me). But, after my account was frozen for that ammount I was a bit anoyed and frustrated with them. This all sounds to me now like they wanted to give me a bonus, but they, for who knows why, changed their minds after the fact. Since I don't have anything in writing to prove this, I'll have to give it back.

I have my own bank account, of course. Did anyone out there acutally let the school open their account? haha. I also use an other branch from another town.

All I'm saying is that this whole thing feels a bit like they are bending the rules to protect themselves.
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matthews_world



Joined: 15 Feb 2003

PostPosted: Tue Apr 03, 2007 5:15 am    Post subject: Reply with quote

ChuckECheese wrote:
Exactly, I have a second K-bank account which I use to do all transactions.

After I get paid in my first bank account that school is aware of, I would withdraw everything in cash from it and deposit the cash into my second account. Do not leave any electronic traces by transfering money electronically from bank #1 to bank #2. Make the transfer in cash.


Paranoid?
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laogaiguk



Joined: 06 Dec 2005
Location: somewhere in Korea

PostPosted: Tue Apr 03, 2007 5:17 am    Post subject: Reply with quote

matthews_world wrote:
ChuckECheese wrote:
Exactly, I have a second K-bank account which I use to do all transactions.

After I get paid in my first bank account that school is aware of, I would withdraw everything in cash from it and deposit the cash into my second account. Do not leave any electronic traces by transfering money electronically from bank #1 to bank #2. Make the transfer in cash.


Paranoid?


They don't have the same banking and information laws we do back home. I don't think he is paranoid, though I don't do what he does myself, being too much hassle.
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Horangi Munshin



Joined: 06 Apr 2003
Location: Busan

PostPosted: Tue Apr 03, 2007 5:02 pm    Post subject: Reply with quote

laogaiguk wrote:
1) If you find money that isn't yours in your bank account, know it isn't yours and yet still spend it, you are a thief in the eyes of the law back home. IT IS NOT YOUR MONEY, if they really did overpay you. Check it out and pay them back if it is their money.

2) No one can just take money from someone's bank account without proper authorization. If they made the mistake, no, they can't take it back without you giving them authorization or just giving it back.


3) THis one I am not sure of, but I am pretty sure the freeze is illegal without them having gone to the authorities first, the bank shouldn't be able to do that just at the call of the employer and someone shoudl be fired for that (ofcourse no one will, they are just watching out for their fellow Koreans) Rolling Eyes


I added bold to number 2.

You'd think so wouldn't you!!

I work at a public school and never signed anything about the school being able to deduct money from my account. BUT the montly lunch fee is deducted from my bank account, NOT my salary, it's taken out of my bank account!
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mrsquirrel



Joined: 13 Dec 2006

PostPosted: Tue Apr 03, 2007 5:09 pm    Post subject: Reply with quote

I signed a milk money contract yesterday which will take the milk money from my bank account.

Why don't you contact head office and tell them what the bank is doing.
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