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> I mean, most banks don't require ID to make a deposit. Due to money laundering regulations, that isn't really true anymore. Most banks straight up won't tak
by jeremymcanally 4y ago
> I mean, most banks don't require ID to make a deposit.
Due to money laundering regulations, that isn't really true anymore. Most banks straight up won't take cash deposits into someone else's account, identification or not. Other means (ACH, etc.) require KYC from the originating institution. I'm not sure about secure funds like a money order, but I'm guessing they'd be subject to some sort of verification as well.
- jefftk 4y agoAt my bank, if you fill out a deposit bag with the account number and put in cash, you can drop it in the deposit slot and it shows up in the account. There is no verification that you own the account, beyond knowledge of the account number.