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If I write a check to myself payable to myself can someone else help me deposit it to my account ie. I am putting money from one account to another different banks?
Wiki User
∙ 9y ago
Normally all banks will allow anyone to make deposits into your account. Because you are writing the check to yourself, from yourself makes no difference as long as you endorse it on the front and the back of the check.
Wiki User
∙ 9y ago
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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 recognize account payable?
Account payable is an account that is a Liability (current). When a person or company owes another company money on account, that is an account payable.
What is account payable and receivable?
Account payable is a record of money your company owes to another company/person. Account receivable is a record of money owed to your company by another company/person.
A payment of a portion of an accounts payable will?
Decrease Cash (credit) and Decrease Account Payable (debit). This is if you're paying cash which of course is the common way to pay an account payable. An account payable is what you owe another person or company, by paying even a portion of the account it will decrease your liability (what you owe) as well as decreasing your amount of cash on hand.
What is the debit and credit in made a payment on accounts payable?
account payable account debit to bank account
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 recognize account payable?
Account payable is an account that is a Liability (current). When a person or company owes another company money on account, that is an account payable.
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!
What is account payable and receivable?
Account payable is a record of money your company owes to another company/person. Account receivable is a record of money owed to your company by another company/person.
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.
A payment of a portion of an accounts payable will?
Decrease Cash (credit) and Decrease Account Payable (debit). This is if you're paying cash which of course is the common way to pay an account payable. An account payable is what you owe another person or company, by paying even a portion of the account it will decrease your liability (what you owe) as well as decreasing your amount of cash on hand.
What is trade payable?
A trade payable is another term referred to as an account payable. Most companies have an accounts payable department responsible for making sure money is paid to other parties that the company received a service from.
What are the procedures account payable?
acoounting payable
The accounts payable account in the general ledge is?
What the business owes another company (on credit)
What is the debit and credit in made a payment on accounts payable?
account payable account debit to bank account
What is the difference between accounts payable and accounts receivable for medical billing?
Accounts payable and accounts receivable are the same for any business, whether service, merchandising, or even medical billing. An account payable is any account that the company or business owes to another entity. It is a liability account and goes under liabilities until the balance is paid in full. An account receivable is just the opposite. Is the account balance of what another entity owes you. Account receivable is an asset account and goes under assets on the balance sheet. Both accounts receivable and accounts payable can be listed as either current or non-current, depending on the length of time required to satisfy the debt. For medical billing let us just say that an account receivable would be an account that a patient (or even government entity) may owe you. Account payable is what you owe the another entity.
What is a bank certificates of deposit called a time deposit?
time deposit means payable at specified time same is the case with bank deposit ie. fixed deposit that is payable after certain period means not less than 7 days to earn interest so fds are called as time deposit
