Hi, I have recently opened a second bank account and am wondering if I can have a check sent from one bank (thats in my name) to another that is also in my name without any eyebrows being raised. I'm sure I can but i'm just curious
2007-09-05 14:47:05 · 10 answers · asked by Fatal Attraction 2 in Business & Finance ➔ Personal Finance
I deposit checks from my account at one bank into my account at another. It doesn't raise any flags with anyone. It's actually quite normal.
2007-09-05 15:23:06 · answer #1 · answered by shoredude2 7 · 0⤊ 0⤋
I have several bank accounts and at several banks. I'm separating home and businesses. I can transfer money or go to bill pay and have money electronically transferred from account to account or bank to bank. It isn't their business what you are doing unless you are trying to kite or float money. You don't have to explain to anyone what you are doing. It isn't there business. If they ask you anything that is unreasonable or ask for specifics, tell them you want the president of the bank to call you and explain why they want to know information that isn't their business. The only one you ever have to answer to is the government be it the IRS or the Police or someother authoritive branch. . .
2007-09-05 22:00:04 · answer #2 · answered by towanda 7 · 0⤊ 0⤋
It will be noticed eventually I remember the humiliation of being chastized for kiting by a teller until the customer service rep ran to my rescue.
The ones they are after, well it use to work better than now, are the people who keep covering one account with another because they have a ton of overdrafts they are "kiting" for.
Now it is less effective as the checks are usually posted the next day.
Kiting is a crime.
2007-09-05 21:56:42 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The only reason why a bank will not cash your good check is if they don't have your business.
It has nothing to do with security.
You just can't have a check sent to a bank that doesn't have your business.
2007-09-05 21:54:00 · answer #4 · answered by Anonymous · 0⤊ 0⤋
What country do you live in? LOL.
There should be no problem if you live in Australia and I imagine many westernised countries would be similar.
Just check with both banks to make sure their are no fees for writing checks or cashing checks.
2007-09-05 21:55:40 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Sure, why not. As long as you're not kiting checks, what's the big deal? I assure you, if they don't bounce, no one will care.
If they are over $10,000, the transactions may be reported to the IRS (and then probably also ignored).
2007-09-05 21:51:28 · answer #6 · answered by heart_and_troll 5 · 0⤊ 0⤋
Yes you can. it;'s like a money transfer from one account to another.
2007-09-05 21:54:28 · answer #7 · answered by AmZ 3 · 0⤊ 0⤋
Yes. They go by the account number, not necessarily by 'name'.
2007-09-05 21:57:17 · answer #8 · answered by stvenryn 4 · 0⤊ 0⤋
sure i do it all the time -- but do not try kiting checks -- it will catch up with you!!!
2007-09-08 20:27:44 · answer #9 · answered by mister ed 7 · 0⤊ 0⤋
of course you can.
2007-09-05 21:51:49 · answer #10 · answered by Anonymous · 0⤊ 0⤋