They will research it, and if the deposit was put into the wrong account they will debit the account it was put into and credit the account it was supposed to go into. It is important you fill out your deposit slip accurately because that is the record of where it should have gone. If that happens, all parties involved will be notified by the bank.
The bank will revert the transaction if the mistake was on their part. If the incorrect transfer happened because of the customers mistake in providing accurate account numbers, the bank would not revert the transaction.
The money gets transferred to the account number you mentioned. That is what happens.
Yes. As per the government regulations, all bank account transactions beyond a certain amount are reported to the Government. For ex: in USA, if a deposit of over $5000 happens in an account, the bank has to intimate the Government. Similarly in India, if a deposit of over Rs. 50,000 happens in an account, the bank has to intimate the Government.
you can deposit at the bank
Walk into an ATM and deposit the money into your bank accountWalk into the bank branch (any bank that you have an account with) and deposit the money into your bank account
No. Only Cash (Money) can be deposited into a bank account. Gold is a valuable metal and there is no way a bank will accept that and deposit it into your account. However, you can always rent out a safety deposit locker with the bank and keep your gold in that for safekeeping.
No. A bank account can be a checking or savings. It is the account in your name where you deposit and withdrawl funds from. A bank deposit is when you put money into the account either by you walking into the bank and handing them cash or a check and the bank teller processes it to be put into your account. They are two different things but they are related.
It have a variety of deposit account, such as check account, savings and time deposit
Not unless it is made out to an account holder. The best and safest choice would be to take it back to the issuing bank or call that bank and find out what their policy is in such situations.
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!
to deposit moneyA Deposit is the act of putting money into an account.
Ask the bank.
My current bank checking account is invalid. How do I change the account number to the new checking account ???
Cash deposit to bank has contra entry as follows: [Debit] Bank account [Credit] Cash account