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Can I deposit a check payable to me to someone else's account if I have no checking account?
Wiki User
∙ 11y ago
people are using electronic banking
Yes. Here's what you do:
Make out the check to yourself.
Sign it.
On the back, endorse it this way:
FOR DEPOSIT ONLY
INTO ACCOUNT NO. [write your account no.]
AT [write name of Bank]
NOT TRANSFERRABLE
[sign your signature here]
The reason you endorse it this way is to prevent anyone from stealing the check.
Then give this check to your helper along with a deposit slip for the destination account. They should then go through the drive-through or to a teller and have no problem depositing the check.
Wiki User
∙ 14y ago
Wiki User
∙ 11y agoYes, you just need to endorse the back of your check.
To endorse correctly:
Write the name in the endorsement area of the back of the check as it shown in front of the check (as in 'Pay to' field).
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If you owe money at a bank can they still seize funds if you deposit a check from someone who also holds an account there into your checking account at a different bank?
To clarify, I owe money at US Bank for a defaulted credit card with them. I have a TCF checking account. If I try to deposit a check made payable to me, and that check happens to be a US Bank check, can US Bank seize the check made payable to me even if I deposit it into my TCF checking account? Not sure if they will see that US Bank funds are made payable to me from someone else's account. Any insight would help! Thanks!
Can you deposit a cheque in your name into someone elses account?
If you endorse it as payable to them it will usually be accepted for deposit into someone else's account.
Can I deposit cash in someone esle's checking account?
Yes. There are no restrictions as to who can deposit cash into a checking account. Anyone can deposit cash into anyone else's account as long as they know the account number of the account into which they want to deposit cash. For ex: I can walk into the bank branch where you hold a checking account and deposit $500 into it if I know the account number. Nobody will ask or question me as to why I am doing so…
How does a cheque work?
A check is a demand. It is an order to pay someone form your checking account. A checking account is a demand deposit.
What if someone wants to put money in your bank?
Yes. There are no restrictions as to who can deposit cash into a checking account. Anyone can deposit cash into anyone else's account as long as they know the account number of the account into which they want to deposit cash. For ex: I can walk into the bank branch where you hold a checking account and deposit $500 into it if I know the account number. Nobody will ask or question me as to why I am doing so…
Can a person be on a checking account for deposit only but can not write check on the account?
Yes, it is possible for someone to be added to a checking account as a deposit-only signatory, meaning they can only make deposits into the account but cannot write checks or make withdrawals. This arrangement is often used when someone needs to provide funds to an account but does not need or want access to the funds for spending or withdrawals.
Can you deposit your paycheck into someone else's checking account?
Each bank has different policies, so to find out the best answer, you should check with the bank where you are attempting to deposit the check.If they will allow you to deposit your paycheck into someone else's checking account, they will likely request that:- Both you and the account holder sign the check, in the presence of the teller- For you, the person to whom the paycheck is payable, to present unexpired, valid photo ID confirming that you are the person who you say you areAlternatives- The obvious: get your own bank account and deposit your check there.- Cash your paycheck, which can be done at the bank on which the check is drawn, at a check cashing service such as Amscot, or at certain banks or grocery stores that offer check cashing services.
Can you deposit cash into someone else's account at a different bank?
Yes. Actually there is no rule stopping a third party from depositing money into a check account but, for doing that, the third party must know the account number into which they wish to deposit the cash. So, you must know the bank account number of the someone whose account you wish to deposit cash if you want to do that.
Will you have to pay tax on money placed in your checking account belonging to someone else?
You will if you get whats called a deposit audit from the IRS. I have had this problem in my past. Document where from and who to.
Can someone deposit money into account for you?
yes as long as they have the account details.
What is the difference between a merchant bank account and a regular one?
A merchant bank account is an account that allows customers to pay for purchases with their debit or credit card. A regular bank account is a typical checking or savings account which allows someone to deposit money into or withdraw.
What is an endorsed check?
An endorsed check is a check that was written to someone without a checking account, or someone who could not deposit the check, that has been signed by that person so that someone else can deposit it for them.
