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If you have a checking account, you've probably dealt with depositing checks. In general, checks are meant for the person they are written out to. When you are the payee, you're the only person that can do anything with that check. However, sometimes you may find yourself in a situation where you need to endorse a check to someone else, or you need to deposit someone else's check into your account. Different banks and credit unions have different rules, but many banks allow this under certain conditions. Is Depositing Someone Else's Check Into Your Account Allowed?There may be a case in your life where a friend or family member asks you to deposit their check into your account. This could be because they are unable to deposit the check or because they want to transfer the money from the check directly with you. In general, many banks and credit unions allow this. However, you'll want to check with your financial institution before you initiate the process. If you do not follow their specified rules, it can result in the check being voided. Call your bank and explain that you intend to deposit a check that has been made payable to someone else. Ask what you need to have them write on the back of the check, and be sure to ask if you both need to be present to deposit it. Some banks require a form of ID from the other person so that they can validate the identity of who is signing over the check. Having Someone Endorse a Check So You Can Deposit It In Your AccountThe exact process whereby someone endorses a check so that you can deposit it into your own account may vary from bank to bank or credit union to credit union. In general, this involves the person writing your name on the back and signing the check. Every check has a specified area on it where the payee can write their name or other information. Typically, this involves writing the phrase "Pay to the order of: Your Name" and signing their name underneath your check. Again, be sure to check with your financial institution to make sure that you are going through the process correctly. Having Someone Endorse a Check So You Can Deposit It In Their AccountDepositing a check for someone into their own account is a bit more straightforward as it does not involve the transfer of payees. If you can, it is a good idea to get a deposit slip from the person who wants you to deposit the check. They can write their account information on it, sign the back of their checks, and all should go smoothly at the bank. This also means you'll have a clear record of the money you deposited to give to the payee. If you cannot get a deposit slip, you can have the payee write "For Deposit Only" on the back of their check, along with their account number, and then sign it. Alternative Ways to Deposit a CheckIf you or someone else needs to deposit a check, but you are having trouble getting to a branch, there are other hassle-free ways to solve this problem. Many banks and credit unions offer mobile check deposits, and you can encourage your friend or family member to use this and then transfer the money directly to you once it is processed. If the financial institution does not offer mobile deposit, check and see if they offer ATM deposit. In addition, many credit unions participate in shared branching that allows members to conduct business at other credit union locations. Protect Your Checking AccountYou should always be wary when depositing checks that are not intended for you or checks that you are not sure of the origin of into your account. If you deposit a bad check, even unknowingly, you can end up in a bad situation. If a financial institution determines that you have deposited a bad check, you can be met with penalties. For one, you may be responsible for paying the check back to the bank. The bank can freeze your account, and in some extreme cases, even close it. If you've used the funds to pay a bill or make a car payment and the check bounces, these payments could be canceled and affect your credit score. Overall, you want to avoid depositing checks into your own account until you are sure they are valid. You can call the bank that issued the check at their customer service line to verify that it is for a valid amount. Click below to find out ways to protect your checking account. How to Protect Your Checking Account Questions on how we spend our money and our time - consumer goods and services, home and vehicle, leisure and recreational activities bobblePosts: 99Joined: Wed Aug 13, 2014 7:57 pm Can I Deposit a Check for Someone Else in Their Account?Post by bobble » Thu Jan 08, 2015 11:04 pm Yes this is a ridiculously weird question, and yes I should just call the bank tomorrow. Can I deposit my business partner's check into his account for him without him being present? Perhaps him giving his consent over the phone. It's a payroll check, he's not around, the check is being mailed to the company address. It's made out in his name. Can I take said check and have it deposited on his behalf into his own account? He needs the money in a timely fashion. Direct deposit is in the process of being enabled. Last edited by bobble on Fri Jan 09, 2015 7:07 pm, edited 1 time in total. CarsonPosts: 807Joined: Fri May 09, 2014 3:26 pm Re: Can I Deposit a Check for Someone Else in Their Account?Post by Carson » Thu Jan 08, 2015 11:16 pm You should be able to. He's ever, the teller won't give you their bank balance and might not give you a receipt. I make deposits in a group checking (I am not a signer) without issue. Dh just deposited cash in my savings account with nonissue either, except the teller insisted on mailing me a receipt for some reason... 40-yo grateful to be learning here MudpuppyPosts: 6942Joined: Sat Aug 27, 2011 2:26 amLocation: Sunny California Re: Can I Deposit a Check for Someone Else in Their Account?Post by Mudpuppy » Fri Jan 09, 2015 12:21 am It's been over a decade since I've done this. But I have in the past, when too ill to go into work, had a friend pick up my paycheck, endorsed the paycheck and made out a deposit slip, and sent my friend to the bank to deposit it. If you think about it, you could just as easily put the check and deposit slip into an overnight envelope and leave it in the overnight deposit drop. The biggest issue with your situation is that it sounds like he is not present to endorse the check. I would suspect that is going to be a non-starter these days. 123Posts: 9068Joined: Fri Oct 12, 2012 3:55 pm Re: Can I Deposit a Check for Someone Else in Their Account?Post by 123 » Fri Jan 09, 2015 12:34 am I think most banks operate under rules that allow them to supply any missing endorsements. As a result if the check is payable to Joe Smith and you have a deposit slip for Joe Smith's account most banks will accept the check for deposit even without a personal endorsement on it. The closest helping hand is at the end of your own arm. Re: Can I Deposit a Check for Someone Else in Their Account?Post by Epsilon Delta » Fri Jan 09, 2015 12:37 am I routinely deposit checks into my own account at different branches of my bank. I also routinely endorse before I get to the teller window. I have never been asked for ID unless I wanted cash back. Either the bank has a frighteningly spooky system of IDing people or they don't care who deposits money. Re: Can I Deposit a Check for Someone Else in Their Account?Post by GerryL » Fri Jan 09, 2015 12:38 am In my experience you generally don't have to endorse a check if it is made out to the person whose account it is going into. In other words, if the endorsement signature would be the same name as "Pay To" and it is going into that person's account. I routinely deposited my mother's alimony and other checks into her account when she could no longer take care of her own finances. I generally do not endorse checks I am depositing in my own account. The only time I have ever had a problem was when I used an ATM at a specific branch. (It was a branch inside my company offices and apparently they had some sort of rule about requiring endorsements.) If it is an exceptionally large amount, the bank may have an issue. Re: Can I Deposit a Check for Someone Else in Their Account?Post by Doom&Gloom » Fri Jan 09, 2015 1:19 am It's never been a problem for me--but I (and others I know who have done this routinely) have always had a deposit slip. Not sure if you would have a problem if you don't have a deposit slip. Bank tellers in my area never look at or ask who is depositing the check anyway as long as they are not receiving cash back. It is no different than depositing it into an ATM or night deposit box. A few decades ago, prior to direct deposit being popular, someone in the group I worked with would usually take off for lunch early on payday and deposit several others' paychecks for them. One payday the lady performing this task that particular day assumed that a friend of hers banked at the same bank she did, and she "deposited" her paycheck into the wrong bank. It took a couple of weeks for the "victim" to get it straightened out which was pretty tough for someone living paycheck to paycheck at the time. 2tall4economyPosts: 739Joined: Thu Jan 08, 2015 7:55 amLocation: Global Re: Can I Deposit a Check for Someone Else in Their Account?Post by 2tall4economy » Fri Jan 09, 2015 2:35 am slightly off topic - but why does anyone get actual physical paychecks in this day and age, particularly financially savvy boglehead forum people who are used to investing online... direct deposit all the way! You can do anything you want in life. The rub is that there are consequences. MudpuppyPosts: 6942Joined: Sat Aug 27, 2011 2:26 am Location: Sunny California Re: Can I Deposit a Check for Someone Else in Their Account?Post by Mudpuppy » Fri Jan 09, 2015 3:16 am
The OP said direct deposit was being worked upon. Once direct deposit is set up, it works well. But sometimes getting it set up can be a real hassle. I have a co-worker who has been with us for 5 months and HR still hasn't managed to get the direct deposit paperwork processed properly for him. HIinvestorPosts: 1859Joined: Tue Apr 08, 2014 3:23 am Re: Can I Deposit a Check for Someone Else in Their Account?Post by HIinvestor » Fri Jan 09, 2015 3:23 am Our property manager deposits checks into our account made out to our name all the time. I don't understand why there would be a problem. We are never present when the property manager makes the deposits into our account. Have deposited my kids checks into their accounts without them present and without any endorsement as well. Have never had a problem. On the other hand, if you want to deposit a check made out to someone else into YOUR account, you need an endorsement. scrabbler1Posts: 2716Joined: Fri Nov 20, 2009 2:39 pm Re: Can I Deposit a Check for Someone Else in Their Account?Post by scrabbler1 » Fri Jan 09, 2015 5:08 am Back in the early 1990s, my parents were out of town for several weeks and had a few checks arrive at their house. I was able to deposit them into their local bank with no problem. I had some of their pre-printed deposit slips with the account number and wrote on the back of the check, "For Deposit Only" with the account number on it. Piece of cake. Re: Can I Deposit a Check for Someone Else in Their Account?Post by prudent » Fri Jan 09, 2015 6:55 am
At our company of about 900 people, there are still a couple dozen who get paper paychecks. Everyone else simply gets an email that says to log into your payroll website to see your pay stub. Jack FFR1846Posts: 15698Joined: Tue Dec 31, 2013 7:05 amLocation: 26 miles, 385 yards west of Copley Square Re: Can I Deposit a Check for Someone Else in Their Account?Post by Jack FFR1846 » Fri Jan 09, 2015 7:08 am The answer is "maybe". Last weekend, I went in with my son. He was depositing a check from my aunt as a Christmas gift. They asked for his ID. I remember this because as we left, I said "if some random person wanted to deposit money in your account, why would you not want that?". Would they deny the deposit without an ID? I have no idea. Bogle: Smart Beta is stupid Re: Can I Deposit a Check for Someone Else in Their Account?Post by nisiprius » Fri Jan 09, 2015 7:11 am I read a suspense thriller one, but I'm afraid I don't remember the title, and of course I don't know if the premise was factual. Even if it was it might be outdated by new laws. The premise was that the bad guy makes a large untraceable deposit into somebody else's account, thus creating "proof" that the victim is engaged in money laundering or something. The astonished victim is confronted with an inexplicable mystery deposit and is left trying to convince authorities of the truth--that he doesn't know anything about the deposit, and that it was made by a mysterious stranger for reasons he can't explain. Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery. sportPosts: 11352Joined: Tue Feb 27, 2007 3:26 pmLocation: Cleveland, OH Re: Can I Deposit a Check for Someone Else in Their Account?Post by sport » Fri Jan 09, 2015 3:50 pm
This is usually true. However, you always have to verify things. One time, after 3 years on the job getting my pay check deposited
directly, I received a call from the HR department. My bank has bounced the direct deposit of my pay check. Of course, I had already written checks on that deposit. I had an interesting conversation with the lady at the bank that day. She did not even apologize. Re: Can I Deposit a Check for Someone Else in Their Account?Post by Meg77 » Fri Jan 09, 2015 4:02 pm I work for a bank. Yes we take deposits from anyone to any account. Even if the check isn't endorsed, you can just write "for deposit only" on the back (or the teller will stamp it "for deposit only"). If you aren't the account holder or can't provide ID, we wouldn't give you cash back from the check though, or allow you to make a withdrawal or give you any account info. "An investment in knowledge pays the best interest." - Benjamin Franklin Re: Can I Deposit a Check for Someone Else in Their Account?Post by Meg77 » Fri Jan 09, 2015 4:03 pm
The teller was probably just in the habit of asking for ID for everything. If he hadn't had it the teller should have accepted the deposit anyway. "An investment in knowledge pays the best interest." - Benjamin Franklin cherijohPosts: 6591Joined: Tue Feb 20, 2007 4:49 pmLocation: Charlotte NC Re: Can I Deposit a Check for Someone Else in Their Account?Post by cherijoh » Fri Jan 09, 2015 6:04 pm
I think the explanation for Chase can be found here. So no, it isn't seriously stupid, its CYA. Topic Author Re: Can I Deposit a Check for Someone Else in Their Account?Post by bobble » Fri Jan 09, 2015 7:05 pm Wow I didn't expect this to blow up into 20+ responses. Thanks for all of the advice, I appreciate it. Long story short: It was a cinch. All I needed was the my partner's account number. I had to fill out a deposit slip, nothing special. The only thing out of the ordinary was that a supervisor had to be called over to sign something on the back of the check. Took less than 5 minutes. And yes direct deposit is in the process of being setup. This was our first payroll. cheesepepPosts: 997Joined: Wed Feb 17, 2010 10:58 pm Re: Can I Deposit a Check for Someone Else in Their Account?Post by cheesepep » Fri Jan 09, 2015 7:14 pm
I know the reason why, and yes, it is seriously stupid. GillPosts: 8167Joined: Sun Mar 04, 2007 8:38 pmLocation: Florida Re: Can I Deposit a Check for Someone Else in Their Account?Post by Gill » Fri Jan 09, 2015 7:19 pm
Nonsense. Makes no
difference. Cost basis is redundant. One has a basis in an investment | One advises and gives advice | One should follow the principle of investing one's principal Re: Can I Deposit a Check for Someone Else in Their Account?Post by Epsilon Delta » Fri Jan 09, 2015 7:30 pm
No, it is seriously stupid. That case had nothing to do with identifying customers. JP Morgan knew exactly who Bernie Madoff was. Can someone deposit a check for me without my signature?Generally, the bank or credit union will likely either not accept the check or return it to you. You will have to get the person who gave you the check to sign it before you can cash it.
Can you deposit a check thats not in your name?In general, many banks and credit unions allow this. However, you'll want to check with your financial institution before you initiate the process. If you do not follow their specified rules, it can result in the check being voided.
Can I deposit someone else's check into my bank?It all depends on your bank's policies. Some banks may not allow you to deposit or cash a check made payable to someone else (a third-party check) while others may have special requirements you'll need to meet.
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Can someone deposit a check for me chase
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