Learn More - Click Here!

New Reply
Post Icon
Smilies Insert Link Insert Email Link Insert Image Link Insert Media Tag List Bold Italic Underline Strike-through Spoiler Quote Font Color Fonts Font Size
Make textarea smaller
Make textarea bigger
Post Options

HTML is disabled.
UBBCode is enabled.
Poll Manager (Total Polls: 0)

In Response To:
Thread Starter: Anonymous
Title: Re: Non-Customer Making Deposit into Account

Another thread prompted this question:

Does your bank/credit union allow non-customers to make a deposit into an account? My current institution does; think of a renter paying their rent directly to the landlords account, or a child repaying a parent for a loan. In this case, our customer has provided their renter or child with their account number; they can simply come to the bank to make a deposit. Our receipts do not include the full account number or account balance.

But I have also know of a large financial institution that does not allow non-customers to make deposits into customer accounts. What would the reasoning be? Money laundering comes to mind, but would there be any other reason?