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The holder of an account takes responsibility for the outcome of any check deposited into their account. Thus, the bank may require that the person who owns the account also sign the check (and even be present during the deposit) to verify authorization for the deposit. Even though money orders are supposed to be verified funds, the bank cannot risk that the account holder will claim the deposit wad unauthorized if they are charged if the check us returned.
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∙ 13y ago
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Can i deposit into my account a money order made to someone else?
If the 'somebody else' has signed the back with 'pay to the order of xxx' and then signs their name.
Can I deposit my money order into someone esle's bank account?
No. first of all, a money order can be deposited into the bank account of the person to whom it has been written to. Second of all, even if the bank teller accepts it by mistake, it will not be cashed. The money order will be returned and no money will be paid. So, doing so would be a waste of time.
What is the word for someone who does something for someone else for money?
A Professional
How does mapquest make money?
MapQuest makes money through advertisements. Each time someone visits their site the ads on their page are generating money for them.
Why am I being held responsible for damage to someone elses property if it is being covered by their homeowners insurance?
When you damage someones property you are liable for the costs of that damage. If you fail to pay for the damage you caused and the homeowners insurance company pays the bill, Then you now owe the Insurance company what you failed to pay to the homeowner. Its no different from an Auto Insurance accident. If you were at fault or rather "Liable" for the accident and you fail to pay the bill. The other vehicles Insurance may fix their insureds car and send you the bill. Just because someone else has to pay for the damages you caused does not mean you don't still owe the money. They only paid because you failed to pay timely. Think about this for a minute What if you Robbed a Bank. Naturally the Bank is insured so they will get their money back right away. Does that mean the bank robber gets to keep the money he stole? Of course not. If and When the Bank robber is finally caught he will still owe back the money he stole. But since the bank has already been reimbursed by its Insurer you now owe that money to the Insurance company who covered the theft.
Can someone deposit money into account for you?
yes as long as they have the account details.
Can you deposite a payday loan into someone elses account?
Banks will allow deposits into members' accounts. Get your loan then carry the money to their bank if the payday loan people won't do a direct deposit.
Where can one find a cheap deposit account?
Someone can find a cheap deposit account at a local bank that does not charge you very much to open a deposit account with them, or just spending no money and keeping your money yourself.
How do you pay into someone's account?
You can put money into anyone's account. You just fill out a deposit slip with their account number on it and give it to the bank along with the money.
Can some one add money to your bank acc without your permission?
The only way someone could deposit money into your account is if they have your full bank account number with the name on the account. If they have this information yes they can deposit money any time they want.
How do you deposit money in an account?
you can deposit at the bank
What is Money put into an bank account called?
to deposit moneyA Deposit is the act of putting money into an account.
What is money in a checking account called?
Money in a checking account is called demand deposit.
How much does a single collection account affect your credit score?
a account where it is only yours and nobody elses only u can take out money from that account a account where it is only yours and nobody elses only u can take out money from that account
Do I need a certificate of deposit to deposit money into my account?
You do not need a certificate of deposit (also known as a CD) to deposit money into an account - unless you are attempting to deposit money into a CD account. Most banks only require you to have a regular savings account opened to be able to deposit money into a checking account for free. However, these terms vary by bank depending on which one you are using. Generally speaking, however, you should not have to open a CD to deposit funds into a regular checking account.
Can you deposit money into your schwabb roth account at any time?
Can you deposit money into your schwabb roth account at any time?
Can you deposit someone else's check into their bank account?
Yes, most all banks allow anyone to deposit money into an account of anyone else. When doing this, the receipt they give you showing the deposit will not show the balance of the other persons account, as this is private information.
