The DU Lounge
Related: Culture Forums, Support ForumsChase Bank now has a policy that you can not make deposits to accounts not your own.
I went to the Chase branch near me, and wanted to make a small cash deposit to a friend's account. The teller today declined to take the deposit because, of all things, it's not my own checking account. LOL
Suffice it to say, I am so glad I no longer bank there. This is simply the latest example of why they completely turn me off as a consumer. Citibank isn't terrific either, but you don't get a hard sell every time you enter their lobby, and they have a much friendlier manner.
TexasTowelie
(112,069 posts)I could see some concerns along those lines if you are making a cash deposit. Did you ask whether you could deposit a check written from your account into your friend's account?
closeupready
(29,503 posts)It's ironic that US banks can take deposits from all kinds of unsavory foreign characters, but not from Joe Schmoe depositing $100 into Frank Johnson's checking account.
Sanity Claws
(21,846 posts)I'm thinking of a solo practice attorney, accountant, etc. who has the business in his own name. Would they really prevent an employee from making a deposit, cash or check, to the attorney's/ accountant's account?
Sheee.... Small and solo practitioners do that every day.
avebury
(10,952 posts)file indicating who is authorized to act on the behalf of the entity.
Sanity Claws
(21,846 posts)and have no authority to write checks.
The signature cards on account generally only refer to who is authorized to sign checks, not make deposits.
avebury
(10,952 posts)of a major bank, we knew who was authorized to do what on our commercial accounts.
RedCloud
(9,230 posts)But while you get high interest on every deposit, there are stiff penalties for early withdrawals.
leftyohiolib
(5,917 posts)closeupready
(29,503 posts)Some bank regulators are predicting that other banks will follow suit. Thus it seems likely that this will eventually spread even to community banks and credit unions.
OriginalGeek
(12,132 posts)then Chase bought them and we have been steadily getting more and more annoyed. Once we get a few things in order and off the books we are going somewhere else. GBCW! (Good Bye Chase World). It's not us, it's you. (Already started by diverting some money to a local credit union but not quite ready to switch full time).
It's not uncommon for my wife to deposit money into our son's account during the day simply because she can get to the bank when he can't. It comes in handy a lot. Making shit more inconvenient for us is not good customer service.