How to deposit money into someone else's account

Written by mack mitzsheva
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How to deposit money into someone else's account
Most bank deposits are FDIC insured. (gold bank image by John Sfondilias from

No one likes an empty bank account. There are times when a family member or friend needs access to cash but his bank balance reads zero. In the past, getting cash from one place to another was a Herculean task. Nowadays, most banks have numerous branch locations across the country and even the world; this proliferation in banking access makes it easy to deposit funds into someone else's account. With just a few pieces of information, depositing money in someone else's account becomes an almost effortless undertaking.

Skill level:

Things you need

  • Current account
  • Deposit
  • Account numbers
  • Deposit slip

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  1. 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. 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. 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. 4

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

  5. 5

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

  6. 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. 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.

Tips and warnings

  • Always obtain a receipt for cash deposits. Unlike checks, missing cash is hard to trace.
  • Never deposit funds into the accounts of strangers. Only do business with people you know.

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