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#1832096 - 07/11/13 04:31 PM Deposit Personal Paycheck into Business Account
Anonymous
Unregistered

Has there been any new "regulation" about this? I 've seen Ask a Guru questions from 2006 and 2008 that states it is allowable under the right conditions. Not best practice, but is it still allowable?

Thank you.

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#1832128 - 07/11/13 05:14 PM Re: Deposit Personal Paycheck into Business Account Anonymous
JacF Offline

Power Poster
Joined: Nov 2001
Posts: 6,719
PA
Generally, we do not allow the deposit of personal checks into business accounts. (To clarify- I'm referring to accounts owned by a business that is a separate legal entity from the individual, not sole proprietor accounts).

The logic behind this is the same logic behind not allowing the inverse, and not allowing individuals to deposit their checks into other individuals' accounts.

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#1832260 - 07/11/13 08:22 PM Re: Deposit Personal Paycheck into Business Account Anonymous
NotDoneYet Offline
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NotDoneYet
Joined: Jul 2010
Posts: 482
PA
Unless the check is properly signed over to the business, we aren't suppose to allow it, although some slip through.

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