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Q: Can i deposit a third party money order?
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Is it cheaper to purchase personal checks from your bank or from a third party check company?

In my opinion I like to purchase my checks from my bank but I know many people order them from a third-party company. It is up to each person how they order checks and it might be cheaper to order them from a third-party company.


What is an escrow deposit?

An escrow deposit is money put down to hold a contract to purchase real estate. The deposit should be given to a 3rd party such as a realty agent to hold. When you are attempting to purchase a business, you usually put up an 'earnest money deposit' to be placed in escrow. The deposit money does not belong to the seller. The last person you want to give it to, to hold onto until closing (settlement, passing of papers) is the seller! If the deal sours and the seller has already used the money ("Oh, he told you it would go into a special fund? It did...") it may be extremely difficult to get your deposit back. Perhaps in the seller's mind he thought it was his to keep. Give it to a third party to hold! If you are buying a FSBO (for sale by owner) give it to an escrow agent, escrow title company, attorney, or you can go to the bank and set up a special escrow account. (This may vary by state law. I just tried to put a deposit into it's own escrow account and the bank will not let 'escrow' be on the account as it implied they were the escrow agent and they want no liability or part of a dispute.)


Can I deposit a third party check if its a year old?

A third party check can only be deposited provided it is properly endorsed and its apparent tenor does not contain any bar to effect its negotiability. Laws regarding to collection of Old Checks differ within countries as in Pakistan the period is six months (after which the instrument becomes stale). Relevant state laws are to be consulted in this respect.


What are advantages to creditors in case of note receivable than an ordinary account receivable?

Notes Receivable is a written agreement to pay at stated date and it is beneficial for company as if company required money before the actual date of then company can sell or give that notes to third party for collection at specified date and can receive money immediately from that third party for utilizing in business while under actual accounts receivable situation company has to wait till specified period of time to collect money from debtors.


Can a store accept third party checks?

They CAN, but very few DO accept "third party" checks. A "third-party" check is a check that someone else wrote to you, and now you're trying to get a third party - the merchant - to accept it. Most merchants refuse to accept them, because if the check bounces, you as the purchaser aren't on the hook for the value. Back in the day when most people were honest, there wasn't much of a risk. Now, when there's a significant minority of people who are NOT honest, there's too much risk. If somebody else wrote a check to you, then you should deposit it in your account, or take it to that person's bank to have it cashed. Don't expect the merchant to also provide banking services to you.

Related questions

Will chase deposit a third party check?

Yes, they do. It takes longer to clear if there's no money in the bank.


Can another person deposit money into your checking account without your account number?

No. 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 without knowing your bank account number, nobody can deposit any money into it.


Will chase deposit a 21000 third party check?

No they will not. Most likely, a third party check is fraud


Should you give your earnest deposit money to the title co?

An earnest money deposit is a good faith deposit that a buyer puts forth to secure the contract and to illustrate to the seller the seriousness of their investment. The following are some guidelines as to how/who a buyer should facilitate their earnest deposit to:Never give an earnest money deposit to the seller.Make the deposit payable to a reputable third party such as a well known real estate brokerage, legal firm, escrow company or title company.Verify that the third party will deposit the funds into a separately maintained trust account.Obtain a receipt.It is unadvisable to authorize a release of your earnest money (or a pass-through) until your transaction closes.


Will chase bank accept a 21000 third party check for deposit?

no


Will Wells Fargo deposit a third party check?

No they will not. Just tried


Will td bank let you deposit a third party check?

No they will not if it is over $300.00


Soft money third party?

"Greenback" Party


Can you cash a money order already made out to someone else?

Yes. A money order made out to someone else and cashed by another would be considered a 'third party money order'. A 'third party money order' is a money order that is written to one person and endorsed to another, or cashed by someone other than who the money order is written to. It is possible to cash a money order made out to someone else, however, most companies do not like to cash money orders or checks such as these.


Can you deposit a third party check?

No, you have to cash the check first then u have deposite it properly!


In Washington state can a third party person get into legal trouble by assisting someone with a no contact order communicate with the other party?

When there is a no-contact order, the parties are not allowed to communicate even through a third party. The third party will get into legal trouble unless they didn't know that there was a no contact order in place.


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.