Why Can’t You Deposit Cash In Someone Else’s Account?

Can I deposit cash into someone else’s 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 accept cash deposits into other people’s accounts.

Why can’t you deposit cash in someone else’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 I deposit cash into another person’s 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.

Can I deposit money at an ATM that’s not my bank?

Not all ATMs accept deposits, and even deposit-enabled ATMs might not work with your account. Other banks: Typically, you cannot make deposits to another bank’s ATM. Another easy way to find out whether or not you can make a deposit is to simply insert your card and punch in your PIN.