To deposit cash or a check in someone else’s account in person, visit a branch of the recipient’s bank and complete a deposit slip.
Show your identification, if necessary, when you give the check to the teller.
Some banks, like Chase, do not accept accept cash deposits into other people’s accounts.
Is it illegal to deposit money into someone else account?
No. You can deposit money into any person’s account if you have the account number. It is most certainly illegal to withdraw money from a bank account without the knowledge and permission of the owner of the account.
What do you need to deposit money into someone’s account?
The basic information you need to deposit money into a third-party bank account is:
- Payee’s name.
- Bank, building society or credit union (though this isn’t necessary)
- BSB (or bank code, which is the branch identifier)
- Account number.
How much cash can I deposit into someone else’s bank account?
Zelle Pay Limits at Top Banks
|Bank of America||Up to $2,500/day|
|Wells Fargo||Up to $2,500/day|
|Chase||For Chase Personal Checking and Chase Liquid cards: up to $2,000/day For Chase Private Client and Chase Business Checking accounts: up to $5,000/day|
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Can I make a cash deposit into someone else’s bank account Bank of America?
That’s why Bank of America customers are not too happy about the recent policy change, banning third-party individuals from making cash deposits into someone else’s account. Long gone are the days where grandma could walk into her local bank to deposit $25 into your account as a birthday surprise.
Why can’t I deposit money into someone’s account?
There is no change on the deposits of checks. Chase said it shifted its policy on cash deposits to combat misuse of accounts, including money laundering. Understandably, Chase customers are upset that they can’t deposit their own cash into someone else’s account. They can add an authorized user to their account.”
Can you deposit money into an account that is not yours?
The best answer to whether anyone can deposit into your savings account is that it depends on your individual banking institution. Most banks allow deposits from non-account holders, but yours may not. For a more complete answer, consult your bank’s policies, or call your local branch and ask the manager.