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Can my wages be paid into my partners account?
No you can not.
Nope it will be cheque.
No the bank has to be your own.
They do pay cheque but that is at a cost..
Why can’t you deposit cash into someone else’s account?
Bank of America and Wells Fargo are banning cash deposits into others’ accounts, citing security concerns. But the new restrictions are likely to be seen as a cost-cutting effort to get more people out of their branches.
Can you pay cash into another person’s bank account?
Customers can still pay into another person’s account by cheque in high street branches. … So to protect our members and their money, we’re no longer accepting cash deposits from anyone who isn’t the account holder.
Can my wages go into someone else’s account 2020?
As we explained, it is possible to get your wages in your partner’s account. You don’t need to worry that this is fraud or against any rules – your employer will just ask which account you want your wages to go into. … When you apply for a bank account, the bank or building society will usually credit check you.
Can I deposit a friends check in my account?
Some banks require you to write “Pay to the order of [Person’s First and Last Name]” under your signature, and others only require the person who is depositing it to sign their name under yours. 12 Next, provide the check to that person so they can deposit or cash the check.
Can you deposit money into someone else’s account chase?
Suzanne Ryan, a spokeswoman for Chase, told us what she recommends people do if they want to deposit money for someone else. “They can deposit personal checks, cashier’s checks and money orders.
Will the bank ask where you got money?
Yes they are legally entitled to ask how you got it in case you are evading tax. It is also part of the EC Money Laundering Laws. It is a requirement that banks ask.
How much cash can you deposit in a bank without getting reported UK?
If you deposit more than $10,000 cash in your bank account, your bank has to report the deposit to the government. The guidelines for large cash transactions for banks and financial institutions are set by the Bank Secrecy Act, also known as the Currency and Foreign Transactions Reporting Act.
What do you need to deposit money into someone’s account?
The most basic way to move money into someone else’s account is to walk into the bank and tell the teller you’d like to deposit cash. 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.
Can I deposit 50000 cash in bank?
The Bank Secrecy Act is officially called the Currency and Foreign Transactions Reporting Act, started in 1970. It states that banks must report any deposits (and withdrawals, for that matter) that they receive over $10,000 to the Internal Revenue Service. For this, they’ll fill out IRS Form 8300.
Can I use my husband’s bank account to pay bills?
Simple answer is that you have to have legal authority to the account, so your name has to be on the account or you have to be a named individual on the account. If you are not on the account you cannot take any money from it.
Can I use someone else’s direct deposit?
The answer is no. The payee and the recipient must match. The reason the banks are such “stick in the muds” about it is this: If they credit your money to someone else’s account, that person has full use of it and you do not have access.
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