Can I deposit money into someone else's bank account?
If you have her account number, you should be able to make a deposit. But you really need to let her know you put the money in her account. Otherwise, a normal person would be calling the bank over the error in their account. Instead of putting money in her bank account, get a hold of utility bill or some other bill and pay it. Then just give her the paid receipt. That way she will know it's paid and it's too late to refuse your help.
Can someone else deposit money into my bank account..?
The problem is i've been sick for about a week with a fever and i realized that i have an overdraft fee in my account of $35.00 that can result in my account closing if it's not paid within a certain time. I have the money to pay for it but i'm unable to make it to the bank to pay it off. My boyfriend is more than willing to deposit the money for me, but we are also unsure if that's even possible. He doesn't have a bank account of his own so that doesn't help very much. Are there any other solutions -- i would hate to lose my bank account. Thanks in advance :) P.S- I bank with Wells Fargo in Wisconsin if that helps specify things.
Why can't you deposit money into someone else's bank account in North America?
Depositing cheques are allowed even in US, since there is a written record of the money deposited. However when it comes to cash deposits - there are various laws governing AML (Anti-Money Laundering) which will come into play. This is to ensure that money is not being laundered(converted from black or illegal sources into white, turning it into legal money). For e.g. someone getting paid only in cash for his services, wants to avoid taxes or reduce, puts the money into someone's account e.g. who is elgible for tax exemption or has less tax liability, then takes it back from the person in the form of a cheque or cash. Banks generally flag cash transactions even if it is from the account holder, based on the amounts and number of these transactions within a certain pre-fixed period of time to ensure money is not being laundered.
Is it true you can't deposit money in someone else's bank account now?
It will depend on the policies of the financial institution. It’s legal to do so, but most will not allow you to deposit a check to another person’s account. That is because the owner of the account will be liable for the check. Best way to do this is to make out a check to the person and let them make the deposit themselves.Cash is a different story. Although there is no liability, frequent or repetitive deposits of cash to another person’s account may require an explanation in order to not run afoul of the institutions Bank Secrecy Act and Anti Money Laundering policies.Most banks and credit unions offer person-to-person transfers which is a convenient and effective way of moving money to another person’s account and it doesn’t require that a person give out their account information to anyone. That may be a viable alternative for you.
Can I deposit money into someone else's account through an ATM?
You cannot deposit cash into any account including your account through an automated teller machine. The following are the facilities available through an ATM:Cash withdrawalPIN changeMini statement upto last ten entriesBalance verificationMobile rechargeTicketingPayment of taxTransfer of fundsOut of the above, the last four are available only in sophisticated machinesHowever, you can deposit cash into your account or the account of another person with the bank which has installed cash deposit machine known as CDM
Can you deposit money in someone elses checking account?
Yes. If you are depositing: Cash - Almost all banks will allow this. All you'll need is the person's account number. Make sure to fill out the deposit form, makes things go smoother. Check (full deposit) - Some banks will allow this. Usually, if you're depositing a check into another person's account, you will need that person there with you. But if the person is close family, then some banks will allow this. Again, make sure to fill out the deposit form, makes things go a lot smoother. Just make sure that the teller knows who you are and they'll ask you some security questions about the person that you're depositing money into, like his B-day, or address. Check (partial deposit) - Some banks will allow this. For this type of transaction, you WILL need the person present because you're getting some cash back. There might be some fee attached to this type of transaction as well, depending on the bank. Also, make sure to have some ID present and the person will have to sign the back of the check stating that you surrendered the check over to the account holder and he in turn is doing the transactions for you. Hope this answered your question.
Putting money into someone elses bank account?
Yep, no one is going to question a deposit, you are willingly choosing to deposit your money into someone's account. I've done it to another bank with just their name and zip code. Of course you can also do it with a social or bank account number.
What all is needed to deposit money into someone else's account?
It’s pretty simple to wire money to another account: you just need the account number and routing number of the account. Actually taking currency to the bank and making a “physical” deposit is similarly easy… but don’t take anything near or over $10,000 or a federal report must be filed. As to taking a check and depositing it into another person’s account, you will need a deposit slip, and the check endorsed for deposit only. Generally, this won’t cause a problem. However, certain banks, B of A among them, are notorious for demanding identification from people making a deposit. Admittedly, this makes NO sense, but, it is B of A. They might refuse to take a deposit made by other than the account holder, as crazy as that sounds. I mention this only because it happened to me, as I was attempting to make a deposit to my college aged kid’s account. They actually refused to accept my check to my child. I can’t explain the reason, because there is no sense to it. ( like duh, they’ve never seen parents put money into college kid’s accounts??) My kid switched banks, and the other bank had no problems with this arrangement.
Can someone else deposit a check into my account?
Yes, they can do a direct deposit to your bank account as long as they know your proper name and account number. They just need to fill out the deposit slip properly and all is good. OTOH, they can’t WITHDRAW from that account since it is not theirs…neither can they cash the check written to you…only deposit it in your account.When I write checks to others, ON THE BACK, I write “FOR DEPOSIT ONLY”…This is old school and not really followed today, but it is a reminder that the check is for deposit into the account and not able to be cashed or redeemed elsewhere for cash.
Can I deposit cash in someone's account through a bank?
yes you can deposit cash in someone’s account through bank Visit the branch of the bank, bringing the deposit with you. If you do not have a pre-printed deposit slip, fill out a blank deposit slip with the person's account number at the bank's check writing station.Approach a teller to make the deposit. The deposit will likely be accepted with no question, especially if you are using cash or a check made out to the account owner. If the teller asks questions about the account you are depositing into, explain that you are making the deposit on someone else's behalf and that any account issues should be discussed with that person. Click here