legal  money


Question by  LadySnapdragon (25)

Can they do a reversal of your direct deposit?


Answer by  worker7137 (20)

A direct deposit can not be reversed by the sending company. Once they have approved it, and sent it to your bank they can not reverse it. However a direct deposit can be rejected and sent back due to incorrect information, But this is on the banks end. Companies do not have the power to go into your account.


Answer by  Roland27 (16334)

Once it's in there, whoever put it in there cannot take it out. You can however put a block on them directly depositing any money into your account. You just tell your bank that you do not want to accept any more deposits from these people and they will block them.


Answer by  salsafoodie (3146)

Depending on the type of reversal that you are looking to do. Some banks can do a reversal if there is a problem with the direct deposit.


Answer by  quietgg (292)

Yes, if funds were deposited in error a reversal of direct deposits is possible. Sometimes your written signature may be required for consent.


Answer by  Anonymous

Yes. An employer can reverse a direct deposit within 5 business days of the original deposit.


Answer by  Kurt (4579)

Yes. If they determine that you should not have received the deposit a reversal can be initiated. This only works if you have enough funds in the account to retrieve.


Answer by  tamarawilhite (17883)

In almost all cases, the answer is no. A deposit is money that has been credited to your account. It cannot be removed. If the check deposited was bad, they should not have credited the check. If someone pays you and then changes your mind, they cannot take the money out.

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