Business & Finance Renting & Real Estate

How to Deposit Money Into Someone Else's Account

    • 1). Obtain the name and account number of the banking customer. Ask the account holder if the account is a savings, checking or money market account. Also check to see if the bank is FDIC insured, which protects consumer deposits at banking institutions.

    • 2). Fill out the appropriate deposit slip inside the bank. Some banks use generic deposit slips; in this case, you'll have to check a box to indicate the account type.

    • 3). Complete the form in its entirety. Important parts of the form include the name of the account holder, account number, date and dollar amount.

    • 4). Hand the deposit slip to the teller. Along with the slip, include cash or a check, whichever is appropriate.

    • 5). Be prepared to show identification, if necessary. Some accounts have restrictions on deposits made by persons other than the account holder.

    • 6). Request a receipt for the transaction. You will need this as proof of deposit in the unlikely event a problem arises. Most tellers will provide one automatically but if not, be sure to ask for it.

    • 7). Ask the account holder to notify you when the deposit appears in the account. If there is a delay, double-check the bank's deposit availability policy to ascertain when the funds will become available.

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