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Visit the Bank 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. If you are depositing a check, address it to the recipient on the “Pay to the order of” line, or address it to “Cash.”
Visit the Bank If you are depositing a check, address it to the recipient on the “Pay to the order of” line, or address it to “Cash.” Write “For deposit only” on the back and write the recipient's account number. Show your identification, if necessary, when you give the check to the teller.
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.”
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 cash deposits into other people's accounts.
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.
Typically, you cannot make deposits to another bank's ATM. If you don't have an account at a given bank, you can often make withdrawals (for an extra fee), but you can't make deposits.
Some banks allow you to deposit payroll checks that belong to other individuals into your bank account. The original check payee must sign the check and then write “pay to the order of” and then print your name. This limits the likelihood of you depositing someone else's check into your account without their consent.
While there are no IRS rules that specifically forbid you from depositing your refund into someone else's account, we don't recommend it. Why not? Because most banks have fraud-prevention measures that won't allow a direct deposit into an account bearing a different name.
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