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No. A check can be deposited only into the account of the individual to whom the check is made out (issued) to. Depositing it into someone else's account is not allowed and even if done by mistake, the check will not be cashed and no payments will be made.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoNo. A check can be deposited into only one account and this account must be held/owned by the person to whom the check is issued as payee. You cannot deposit the same check in two banks.
Wiki User
∙ 11y agoSimply put, you can deposit a check into your savings account. As long as the check is endorsed and you have money in the account you wish to transfer from then you're all set!
Wiki User
∙ 14y agoCertainly Yes.
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Why is investec commercial bank a deposit taking intermediary?
It have a variety of deposit account, such as check account, savings and time deposit
Is a savings account a time deposit?
no
How much the initial deposit to open a savings account at bpi family savings account?
1000
What is the minimum deposit to open a savings account with SunTrust?
The minimum deposit required in order to open a savings account with Sun Trust in one hundred dollars and with this you can start your own savings account with Sun Trust.
What is the purpose of a business deposit account?
Business deposit accounts are also known as business savings account where one can deposit an amount of money as savings for one's business. Most savings accounts will also offer interest rates.
Which of these describes a time deposit?
Money in a savings account is an example of a time deposit.
What must you do to deposit a check?
First, open a checking or savings account at a credit union or bank. Second, fill out a deposit slip. Third, endorse the check (sign it on the back in the area reserved for endorsement). Last, have the teller deposit the check in your account. You may be able to endorse the check and mail it in for deposit. Ask you bank or credit union about their procedures for that. If you do mail a check for deposit, include the phrase "for deposit only" along with your signature in the endorsement.
Can you deposit a cash card in your savings account?
yes
What describes a time deposit?
money in a savings account
Is a savings account credited when a deposit is made?
Yes
What do the people do to deposit their saving in a bank?
To deposit their savings in a bank, people typically visit the nearest bank branch or use online banking services to transfer funds from their personal account to their savings account. They can also deposit cash or checks into their savings account through an ATM or mobile deposit.
What is the difference between a normal savings account and nre account?
In normal savings account, you deposit Indian money (rupee) and you can withdraw it in the same indian money. In nre account you can only deposit foreign currency and you withdraw indian currency. you cant deposit indian money in this account
