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It depends:
a. Yes - If you are joint holder of the account along with your parents then you can deposit it into that account
b. No - If you are not a joint holder of the account along with your parents, then you cannot deposit it into that account.
A check can be deposited only into an account that is held by the person on whose name the check is issued.
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∙ 13y ago
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What is the meaning of cash and check deposit?
Cash Deposits means when the money deposit to your Account(yourself/others)same time your account will be shows the credit, but in case fo cheque deposit bankers send to the cheque for clearence when its cleare then only your account will be shos credit.
Can you deposit a check made out to cash?
Yes we can make this by depositing the cheque in our account
Can you deposit someone else cheque into your account?
Under some circumstances, yes, but in general no. For instance, you can usually deposit checks written to your minor children into your account.
What is multicity cheques?
Usually Cheques issued by banks have a city associated with them. For ex: if I give you a cheque from my bank account in Chennai, India, and you want to deposit it in your account in Delhi, India, it is an outstation cheque and your bank will charge you a fee for cashing that cheque. Usually around Rs. 50/- If my bank has given me a multicity cheque - it means that when you deposit it in Delhi, your bank will not charge you this cheque cashing fee because my check is the same irrespective of which city in India it is cashed.
What is deposit not yet?
A cheque which received from customers and deposited to the company account and gone through clearing system and not yet credited to the company bank account
Can you deposit INRI Cheque on account of UK in Mumbai?
no
Can partner deposit personal cheque in firms account?
no
What is an entry for bounced cheque?
Bounced cheque entry is the reversal of original entry of cheque deposit as follows: [Debit] Cash account [Credit] Bank account
How do you encash crossed cheque?
Deposit it into your bank account A crossed cheque cannot be cashed directly. It can only be deposited into a bank account.
How do you open a bank account to deposit a account payee cheque?
by opening a/c only can deposit n withdraw money
What is the meaning of cash and check deposit?
Cash Deposits means when the money deposit to your Account(yourself/others)same time your account will be shows the credit, but in case fo cheque deposit bankers send to the cheque for clearence when its cleare then only your account will be shos credit.
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.
How do you cash a crossed cheque with no account?
You cannot. A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque.
What is account payee check?
A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque.
How long does a cheque take to clear after being presented?
It depends on various factors. Let us take a look assuming you have got a cheque from a friend who has an account in ICICI Bank, Chennai:If you visit any ICICI Bank branch in Chennai and deposit the cheque into your ICICI account - Usually the same dayIf you visit any ICICI Bank branch outside Chennai and deposit the cheque into your ICICI account - Usually the same or next working dayIf you visit any other bank in Chennai and deposit the cheque into your account - 2 to 3 business daysIf you visit any other bank outside Chennai and deposit the cheque into your account - 3 to 5 business days
Can you deposit a check made out to cash?
Yes we can make this by depositing the cheque in our account
How do you realize the crossed check with out having any account?
You cannot. A Crossed Cheque is also called an Account Payee Only Cheque which means that, this cheque cannot be cashed directly. It can only be deposited into the bank account of the person to whom this cheque is issued. So, the only way you can cash the cheque is by opening a bank account (or using your existing bank account) and deposit this cheque
