Definition of Payroll Reversal

Close-up Of A Businessperson's Hand Opening Envelope With Paycheck Over Wooden Desk

What is a payroll reversal?

A reversal is the process of sending a request to a receiving bank to reverse the original deposit transaction (pulling back funds from an employee that were sent via direct deposit through payroll). Typically this process is a banking remediation in response to a customer request.
payroll cta
Make payroll pain a thing of the past — explore our easy and reliable payroll software
START NOW