What To Do In The Event The Paystub Is Lost
Alongside receiving the pay at the agreed period, the employee also needs an itemized document for what has been paid. To serve this purpose, the employee therefore receives a paystub alongside the pay. Importance of the document extends beyond outlining of the items but as well as a document that is required by financial institutions and other agencies. A big risk however comes in the event the document is lost. Vital information on the employee including the financial information can easily fall on the hands of thief’s in such an instance. The employee in this respect needs to undertake a number of important steps to enhance safety and avoid possible losses.
Losing the paystub comes with loss of crucial financial information. This comes with a big risk of having the employees bank accounts accessed by the thieves. Of importance is therefore to contact the bank as the first step. With the report by the employee, the bank uses its platform to ascertain of any activities that take place with the employees accounts. Steps that include freezing of the account maybe considered by the bank and this move works to ensure that any attempts to access the account are not possible for the frozen period.
It then follows that after securing the bank account the HR department should be notified of the loss. This comes as of much importance in the event the thief may attempt to access the paycheck of the employee from the office. The employee n this respect gains from having anew paycheck issued and the old one is cancelled to ensure the thief does not gain any access to the funds of the employee. In certain instances, there may be need to have the request made in writing in order to make it formal and for filing purposes.
The numerous information contained in the paystub maybe used to on a wide range of platforms. Among the things at risk in this respect are those related to the finances of the employee. Creating a credit fraud alert therefore comes as an important consideration for the employee. The employees information is therefore tracked by the relevant institutions where the employee has access to financial services. This includes possible attempts by the thief to get a new card using the information on the paystub. Involvement of the police in the process also come in as a big compliment.
Loss of the paystub may also mean losing the pay. The loss of personal information also comes with the event. Undertaking safety measures therefore comes in handy when the paystub is lost to avoid further losses. Using this approach is therefore the best options owing to the numerous that come with tracking the paystub individually.