Does my name have to match the person I’m sending a direct deposit to?

No. When you deposit funds into someone else’s account, it’s their name and account number you’ll need.

Can you make an anonymous deposit into someone else’s account?

Yes, you can, though it depends on the method you choose. Making a cash deposit is especially easy to do without revealing your identity. Other methods though, such as a personal check or external bank transfer, can make it more difficult to stay anonymous since the source of where and from whom the funds come from will show up in the person’s transaction history. You may be able to pull off a secret deposit with a prepaid gift or debit card or using some mobile money transfer systems such as CashApp, PayPal, and Western Union, all of which may also allow the payer to remain a mystery donor.

Can you deposit money into someone else’s account at an ATM?

Typically, yes, an ATM or debit card permits you to move funds into someone else’s account as long as their bank account is linked to yours. It’s important to know even if the two bank accounts are linked, you’ll need to perform the transaction at one of your bank’s ATMs, not one that is out of the network. There may be some ATMs where you can’t do a money transfer, so check with your bank or on their website to find out which ATMs offer this function.

Cashing Checks for Someone Else

8 Ways to Deposit Money into Someone’s Bank Account

https://www.sofi.com/learn/content/direct-deposit-into-someones-bank-account/

There are times when you may need to get money to someone quickly and meeting in person isn’t possible. Or you may want to surprise someone with a monetary gift and have it show up as a deposit in their bank account. Fortunately, there are a myriad of ways you can directly deposit money into […]

What Can Someone Do With Your Bank Account and Routing Number?

https://www.sofi.com/learn/content/what-can-someone-do-with-your-bank-account-and-routing-number/

Table of Contents What Happens If Someone Has Your Bank Account and Routing Number? What Can Someone Do With Your Bank Account Number Alone? What to Do When Someone Has Your Bank Numbers Tips on Avoiding Bank Fraud FAQ If someone has access to both your bank account and routing number, they could make fraudulent […]

How to Cash a Money Order: A Comprehensive Guide

https://www.sofi.com/learn/content/how-to-cash-a-money-order/

A money order is a valid form of payment, but the average American is likely to be more accustomed to receiving cash, a check, or a peer-to-peer payment through a popular third-party app. You may wonder what to do if you receive a money order. You can cash it at various locations, such as your […]

What to Do if Your Check is Lost or Stolen from the Mail

https://www.sofi.com/learn/content/check-lost-in-mail/

Writing checks may not be an everyday occurrence for you, but they are still a reliable form of payment that have a place in most people’s finances. So if you think a check you wrote got lost or was stolen, it’s important to report it to your bank ASAP and request to stop payment on […]

Can I Cash a Check at Any Bank? A Comprehensive Guide

https://www.sofi.com/learn/content/cashing-a-check-at-another-bank/

While checks are not as popular as they once were, there may still be times when you have one of those rectangular pieces of paper in hand and want to have cash instead. Perhaps your great aunt Sally sent you a birthday gift or you received a refund for an overpayment from a service provider […]

“Cashing Checks for Someone Else”

8 Ways to Deposit Money into Someone’s Bank Account

What Can Someone Do With Your Bank Account and Routing Number?

How to Cash a Money Order: A Comprehensive Guide

What to Do if Your Check is Lost or Stolen from the Mail

Can I Cash a Check at Any Bank? A Comprehensive Guide

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