Can you deposit someone else's check in your account ATM?
Once someone signs a check over to another person, it becomes a third-party check. Banks can accept third-party checks for deposit or cash them, but they're not required to. If your bank has a no third-party checks policy, then you won't be able to deposit a check for someone else to your account.
Having Someone Endorse a Check So You Can Deposit It In Your Account. The 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.
You can deposit money into someone else's account: In person at a branch of the payee's bank. By using a deposit ATM from the payee's bank. Online via online banking or a payment app.
“With a check, we know where it came from. It came from another account.” A check can be deposited into another person's account at a branch when you present it to the teller, along with the recipient's name and account number. Unlike cash, the downside is your bank won't always make the funds available immediately.
You can deposit a check with someone else's name on it if they've signed it and either made it payable to you or written “For deposit only” under their signature on the back. How they endorse the check usually depends on whether you plan to deposit it into their bank account or yours.
Yes. The bank may have you endorse it on the back with the misspelling and also with your actual signature.
Deposit cash and cheques through our Westpac Smart ATMs and get instant value for cash deposited. For cash deposits to some Home and Investment and Offset accounts processing times can vary (Processing times below), and clearance days apply for cheques to all accounts types.
The answer is yes, generally speaking. It's possible to deposit checks on behalf of another person into their bank account or in some cases, your own bank account.
Legally, there is no requirement that a check have the name of the maker, as long as the bank can identify the account. You may run into problems trying to use checks with merchants, when the name does not match that on your ID. In my experience, checks with “Phil” on them are accepted even though my ID says “Philip”.
If the check is issued to two people, such as John and Jane Doe, the bank or credit union generally can require that the check be signed by both of them before it can be cashed or deposited. If the check is issued to John or Jane Doe, generally either person can cash or deposit the check.
How do banks verify checks?
When the check is captured, financial institutions use a variety of data points to make a judgment about the validity of the check. The data they acquire needs to answer questions like, is the account of the check issuer in good standing? Are there enough funds in their account? Is the check a high dollar amount?
You'll need the recipient's full name and bank account number to complete the deposit. Some banks are banning cash deposits into someone else's account, though. Handling cash can lead to fraud, so banks are steering clear.
Cash machines
Insert your card into the cash machine and type your PIN. Choose 'Deposit cheques'. You'll be asked to put the cheque(s) into the machine. The cash machine will scan the cheque(s) and calculate the value – if there are any it can't read it'll ask you to type the value in on the screen.
With a direct-scanning ATM, it's different: Once a check is inserted and scanned, the machine reads the magnetic characters and uses Optical Character Recognition (OCR) software to capture the account information and the handwritten dollar amount.
Most banking institutions don't have any type of deposit limits on their ATMs. Banks encourage the use of these machines as it doesn't require them to pay someone a wage. Yet, a transaction can still be completed. ATM machines are designed to accept deposits and checks for just about any amount.
