If I open a savings account under MY NAME ONLY and if my spouse has a direct deposit from his employer can he use my account to have direct deposit ? Would there be a problem? like money not going through because his name is not under my account?
2007-09-07 06:55:49 · 10 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
My husband is offshore and he has his valid Id, and I have the expired ID and his job requires a bank account to have his check direct deposited to the account so I need to open an account under my name I called to see if I can open it under both of our names and even if i use his expired ID and they said no so that why I ask if I open it under my name only and he uses my account to have his check direct deposited would there be a problem if he aint under my account?
2007-09-07 07:41:15 · update #1
There shouldn't be a problem with having your spouse's paycheck direct deposited to an account that's only under your name. But I partly doubt that your spouse would agree to it. After all, if you two split up, your spouse would not be able to access the money in that account because your spouse's name would not be on the account.
2007-09-07 07:26:45 · answer #1 · answered by Anonymous · 1⤊ 0⤋
He cant direct deposit into an account that is not in his name. The only way this could work is if he receives the checks, and signs them over to you then you can deposit them.
2007-09-07 07:04:04 · answer #2 · answered by Anonymous · 1⤊ 0⤋
The money would not get deposited to your account because your husband's name is not on the account. For security purposes, the recipient's name must be on the account. Either put his name on the account or have him open an account & internally transfer the money to yours. Most banks will set up the accounts so that once his money is there, they will automatically transfer a pre-set number of dollars to yours.
2007-09-07 07:06:16 · answer #3 · answered by bocamom62 3 · 1⤊ 0⤋
Check with the banks or S and L's or credit unions--probably have to be in his name too for direct deposit. Maybe have a checking in both names and have a savings in yours only that you can transfer money into.
2007-09-07 07:05:18 · answer #4 · answered by paul h 7 · 1⤊ 0⤋
Something souinds fishy here. Your spouse should have direct deposit his account OR to your joint account. What is the purpose of depositing his money to your account?
2007-09-07 07:05:29 · answer #5 · answered by Volusian 7 · 1⤊ 0⤋
No. Direct deposit has nothing to do with the name on an account.
Not sure why you would not put his name on it in this case though.
2007-09-07 07:20:17 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I have a checking account in my name only and my huby deposits his check into it through direct deposit, so it worked for us.
2007-09-07 07:06:33 · answer #7 · answered by Hotsauce 4 · 0⤊ 0⤋
I have several employees that have their payroll check direct deposited into their wife's account. It has never been a problem.
2007-09-07 08:30:08 · answer #8 · answered by Michael R 2 · 0⤊ 0⤋
The bank may accept his check to go into your a/c lf he signs it on the back. However, only you will be able to take any money out, irrespective of who paid it in.
2007-09-07 07:19:27 · answer #9 · answered by Anonymous · 0⤊ 0⤋
i would think so if his name is not on it he may not be able to put it through but i would just call the bank and ask them to be sure.
2007-09-07 07:05:12 · answer #10 · answered by knowssignlanguage 6 · 0⤊ 0⤋