Company Impound Return Policy

Company Impound Return Policy


Complete Payroll will typically receive a return notice for a Company Impound two banking days after the original draft date. The Payroll Specialist will notify the Payroll Admin of the return and provide wire instructions to repay the Complete Payroll Trust account. Wire (Guaranteed Funds) is the only accepted method for repayment of outstanding balances. The fee for this depends on the timetable of repayment:


•Day of Return/Notice: $50 per returned amount (Tax and DD would be two returns)
•Day after Return/Notice: $50 per returned amount + 1% of balance due
•Day 2 after Return/Notice: $50 per returned amount + 3% of balance due
•Day 3 after Return/Notice: $50 per returned amount + 5% of balance due


On a second incident of return, client will be required to wire payroll funds for two consecutive payrolls. On a third incident of return, client will be required wire payroll funds for six months of payrolls. On fourth incident of return, client will be transitioned.


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