answersLogoWhite

0

If the 'somebody else' has signed the back with 'pay to the order of xxx' and then signs their name.

User Avatar

Wiki User

9y ago

What else can I help you with?

Continue Learning about Other Business

Can I deposit my money order into someone else's bank account?

The holder of an account takes responsibility for the outcome of any check deposited into their account. Thus, the bank may require that the person who owns the account also sign the check (and even be present during the deposit) to verify authorization for the deposit. Even though money orders are supposed to be verified funds, the bank cannot risk that the account holder will claim the deposit wad unauthorized if they are charged if the check us returned.


Can I deposit my money order into someone esle's bank account?

No. first of all, a money order can be deposited into the bank account of the person to whom it has been written to. Second of all, even if the bank teller accepts it by mistake, it will not be cashed. The money order will be returned and no money will be paid. So, doing so would be a waste of time.


What is a non postal money order?

A non-postal money order is a financial instrument issued by private entities, such as banks, credit unions, or retail stores, that allows individuals to make secure payments without needing a bank account. Unlike postal money orders, which are issued by postal services, non-postal money orders can vary in terms of fees and acceptance. They are often used for transactions where cash or checks are not feasible, providing a safer alternative for sending money. Users typically pay a fee when purchasing a money order, and it can be cashed or deposited by the recipient.


Can you endorse a check as not used for purpose intended?

Endorsing a check 'not used for purpose intended' makes little sense. While you can endorse a cashier's check or money order 'not used for purpose intended' this is only because these are financial instruments backed by cash. A check, on the other hand, represents the promise of available funds in an account, to be provided to the payee upon demand. There is no guarantee that a check won't bounce. A cashier's check or money order has been paid for up front, and cannot bounce. This is why you can endorse a cashier's check or money order 'not used for purpose intended' while you cannot do the same for a check.


What is cross-functional business processes?

Cross-functional business processes are processes that span across several different departments of one business. For example, in an online retailer business, someone would need to take the order. Then the order would get sent to whoever processes the order and takes the money (e.g. enter the customer's credit card). Then it might go to the person who handles inventory. And so on.

Related Questions

Can I deposit a money order into my bank account?

Yes, you can deposit a money order into your bank account.


Is it possible to deposit a money order into my bank account?

Yes, it is possible to deposit a money order into your bank account. You can do this by filling out a deposit slip at your bank and providing the money order as the deposit amount. The bank will then process the money order and credit the funds to your account.


Can you deposit a money order into a bank account?

Yes, you can deposit a money order into a bank account by filling out a deposit slip and providing the money order to the bank teller for processing.


Can you deposit a money order into your bank account?

Yes, you can deposit a money order into your bank account by filling out a deposit slip and providing the money order to the bank teller or using a mobile banking app to deposit it electronically.


Can I deposit a money order into my checking account?

Yes, you can deposit a money order into your checking account at most banks and credit unions.


Can you deposit a money order into a checking account?

Yes, you can deposit a money order into a checking account by endorsing it and then either depositing it at a bank branch or using a mobile banking app to deposit it electronically.


Can you put a money order in the bank?

Yes, you can deposit a money order into a bank account.


Can you put money order in your checking banking account?

Yes, you can deposit a money order into your checking account, just as if it were a check or cash. List the money order in the "checks" section of the deposit slip and endorse it on the back in the appropriate place (which is generally indicated on most money orders).


Can you deposit a money order made out to someone else into their account?

Yes you can. Most banks will allow you to do that as long as you fill out a deposit slip and have the necessary bank information (account number and account holder's name). Some banks might require your ID, but that is highly unlikely.


Can I deposit my money order into someone else's bank account?

The holder of an account takes responsibility for the outcome of any check deposited into their account. Thus, the bank may require that the person who owns the account also sign the check (and even be present during the deposit) to verify authorization for the deposit. Even though money orders are supposed to be verified funds, the bank cannot risk that the account holder will claim the deposit wad unauthorized if they are charged if the check us returned.


Can I deposit my money order into someone esle's bank account?

No. first of all, a money order can be deposited into the bank account of the person to whom it has been written to. Second of all, even if the bank teller accepts it by mistake, it will not be cashed. The money order will be returned and no money will be paid. So, doing so would be a waste of time.


How does a cheque work?

A check is a demand. It is an order to pay someone form your checking account. A checking account is a demand deposit.