ANSWERS: 4
  • It's NOT illegal, but I doubt if the bank will let a direct deposit go into an account where that person is not an account holder! I know the IRS refund checks work that way. Why doesn't she just open an account?
  • No, but you have to list them as "Co-owner" of the account which could be dangerous as they could drain the account.
  • This is a risky transaction for all concerned. If an unknown person learns the numbers to access this account, not only will she lose her money, but also yours. I would not trust this setup at all. Why are you doing this?
  • If the person endorses the check over to you and you put it into your account I see no problem. You are then responsible if for any reason the check bounces. Do not let the other person make the deposit. You make it yourself. You can then pay your friend the cash value and hope it doesn't bounce. ₪ ɦəlʞɹɐq ₪

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