why do people deposit checks to themselves?

Question

if their depositing one of their own checks into their own bank account for a small amount?

Answer 1

I do it on a regular basis for accounting and tax purposes. I own a small business and I want to have the official "paper trail" for my taxes. Other people may want to keep such a record for other purposes, I suppose. Transfers from checking to savings for better interest rates would be another obvious reason.

Answer 2

I doubt that the check is from that account. They probably have another account at another bank and deposit that check into the account. If they are depositing a check from that same account then its called kiting and thats illegal.

Answer 3

The check will be from a different account .
Lots of people have multiple accounts , and some people now will just do an online transfer , but some people are still not computer / net users ,
Sooooo , they have to use the old check style system.

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Answer 4

If the check is a different account than the one they are depositing in, they are transferring funds. If its the same account, it sounds fishy.

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