I mean if the bankers draft is made payable to D.Smith, can J.Story pay it in, at the account holders bank, without D.Smith being there?
2007-01-24 02:23:08 · 8 answers · asked by Frazer S 1 in Business & Finance ➔ Personal Finance
Yes that would not be a problem.
If D Smith wanted a receipt for the transaction he would need to fill in his paying in book and give it to J Story to take to the bank and get it stamped.
The Bank would be very unlikely to give J Story a receipt with D Smiths account details on it.
2007-01-24 07:18:33 · answer #1 · answered by angie 5 · 0⤊ 0⤋
Yes, if it's listed on back as For Deposit Only. They won't give you a receipt or anything showing balance of the account but will mail it to the account holder.
2007-01-24 03:33:45 · answer #2 · answered by parsonsel 6 · 0⤊ 0⤋
as long as J.Story has D.Smith's account details/paying-in book then yes they can pay it in....i take cheques in for my husband using his paying-in book on a regular basis and have no problems
2007-01-24 02:28:51 · answer #3 · answered by sugarplum9903 4 · 0⤊ 0⤋
not usually b/c the receipt will have the account number on it and banks don't want to give this information to non account holders
2007-01-24 02:27:42 · answer #4 · answered by Jen 4 · 0⤊ 0⤋
Yes, I do it for my sister who lives out of state all the time
I can never take money out of her account
As long as if I have her info I can make deposits
I hope this helps
2007-01-24 02:33:20 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Anyone can deposit money in someone's name into an account with the same name. They can never withdraw it though.
2007-01-24 02:28:46 · answer #6 · answered by agius1520 6 · 2⤊ 0⤋
Yes, indeed. If I were feeling particularly generous, I could pay monies into your account too! Won't get it out, though . . .
2007-01-25 03:28:19 · answer #7 · answered by champer 7 · 0⤊ 0⤋
yes, of course they can, they will need the full account info to do it. They can never withdraw from it,
2007-01-24 02:35:23 · answer #8 · answered by Christine 6 · 0⤊ 0⤋