What Information Do I Need for Direct Deposits? Yahoo Answers
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People also ask
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How do I direct deposit to someone?
You need the recipient's name and address as it appears on the account to which you are sending money. You also need the name of the bank, the bank routing number and the bank account number. The routing number identifies the bank, while the account number is a unique identifier of your recipient's account. -
Can someone deposit money directly into my bank account?
Generally speaking, anyone can deposit money into your savings account. Individual banks have different policies, but the vast majority will accept deposits into an account, as long as you have certain information, which may include the full account number and the full name of the account holder. -
What is an example of direct deposit?
Payroll payments are an example of direct deposits. Employers can send funds to their employees' bank accounts on payday without delay or the risk of losing checks in the mail. Recipients also benefit from direct deposits, as the money is automatically added to their account balance with no action required. -
Can I direct deposit into an account without my name?
Can I direct deposit into an account without my name? Generally... no. To set up direct deposit, you need to give your employer your bank account and routing number—and typically, you don't have the right to give out somebody else's bank account information. -
What information is needed for direct deposit?
Each employee needs to provide the following information: bank name, account type, account number and routing number. Some states also require employees to sign a consent form before their employer can switch them to direct deposit. -
Can I have my direct deposit go to someone else's account?
The legal answer is yes. You can send a direct deposit to anyone's account that you want. -
Can I direct deposit into my spouse's account?
Can I have my payments deposited directly to my spouse's account? No. The account to which your payment is deposited must carry your name. It can be held on a joint basis, as long as your name is on the account. -
Can I deposit a check that doesnt have my name on it into my bank account?
The answer is yes, generally speaking. It's possible to deposit checks on behalf of another person into their bank account or in some cases, your own bank account.
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