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The money will probably be found out and returned to the owner. Yes, it is wrong to keep other peoples hard earned money.

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10y ago

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If I wanted to have another party put money in my account is it safe?

Anyone who has you bank details can deposit money into your account. Only YOU can withdraw it.


How do you write a check for deposit to another account?

A two party check will need to be signed by the original recipient as well as by the person it is signed over to. This may need to be done in the presence of a bank teller depending on their policy and it will need to be deposited into an account to be held until funds clear.


Can you get the money from bank check deposited to third party account?

Only if that third-party decides to pay you ! If they didn't give you a receipt for the check, and there's no proof the money was actually yours (for example if the check wasn't specifically made payable to you) - then you would have to prove they have your money !


What is a in trust for account?

When money or funds are in trust in an account, they are typically being held for one party and handled by another. It is a way to control and convey assets for a third-party owner.


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.


Define first party check?

The definition of a first party check is a check written directly to another person. They are then cashed or deposited by that person.


What does advice of deposit non negotiable on a check mean?

The phrase "deposit non-negotiable" on a check indicates that the check can only be deposited into an account and cannot be cashed or transferred to another party. This restriction helps ensure that the funds are securely deposited in the intended account, reducing the risk of fraud or unauthorized cashing. It is commonly used for payroll checks or checks issued by a government agency.


How can i transfer money if you do not have visa or credit?

PayPal if you have a bank account and the other party has paypal.


Does a tweet account cost money?

Twitte does not cost any money to use. There is no advertising on the site for third party companies.


Can a lawsuit be filed against a bank on a joint savings account if one party takes all the money?

Depends on if the person is the primary on the account, but usually a joint account shares all rights unless otherwise specified. You would have to review your deposit agreement, but normally money in a joint account can be withdrawn or the account closed by either party.


What is a disadvantage of a joint account?

The disadvantages of having a joint account areEither party can operate the account without the knowledge of the other partyThe bank cannot be liable to entertain claims when one party withdraws money without the knowledge of the other


What is the difference between debt and loan?

Debt is money owed by one party to another, while a loan is a specific type of debt where one party borrows money from another with an agreement to repay it with interest.